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Ocean 08527
2 Drexel Drive
$505,000
● House - Off Market

2 Drexel Drive

Jackson, NJ 08527
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,056 Ft²
$2,859
Est. Monthly
7.25%
Cap Rate

About This Property

DON'T MISS THIS fantastic home in the sought after Brookwood 3 neighborhood! Featuring 3 bedrooms and 2 full baths. Beautiful condition, move in ready. Great spacious backyard.

Come make this home yours today!
Unit Size
1,056 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$454
Property Type
House
Property Taxes
$506
HOA Dues
-
Year Built
1963

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (MOMLS #22432490)

Price History

Date / Event Date Event Price
Dec 31, 2024 Sold
Premium
Sold
Nov 26, 2024 In contract -
In contract
Nov 11, 2024 Listed by Imperial Real Estate Agency $479,000
Listed by Imperial Real Estate Agency

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 984
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,201
  • Total Building Area: 1,056
  • Building Area: 1,056
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,056
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000280
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Jackson Township School District
  • Census Tract: 717501

Zoning

  • Zoning: R9

Geography

  • Assessors Map Reference: TAX MAP 77
  • District: 12
  • Parcel: 12 07706-0000-00019
  • Block: 7706
  • Lot: 19
  • Municipality: JACKSON TWP
  • Latitude: 40.1223
  • Longitude: -74.2653

    Address

  • Full Address: 2 Drexel Dr
  • Address - House Number: 2
  • Address - Street Name: Drexel
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Jackson
  • Carrier Code: C003
  • 4-Digit Zip Code: 2311
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $595,382

    Appraisal Valuation

  • Standard Deviation: 0.2136
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 399,196
  • High Value: 484,480
  • Low Value: 313,912

    Market Valuation

  • Market Total Value: $230,500
  • Market Land Value: $132,800
  • Market Improvement Value: $97,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $230,500
  • Assessed Land Value: $132,800
  • Assessed Improvements Value: $97,700

    Sales

  • Current Sale Contract Date: Oct 25, 2002
  • Current Sale Recording Date: Dec 02, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Oct 25, 2002
  • Previous Sale Contract Date: Oct 25, 2002
  • Previous Sale Amount: $184,200
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Ocean

Stats & Trends

Median Asking:

$499,000

Sale Price/ft²

$303

Above Asking

0.19%

Average Days on Market

66

Average Home Size

1602 ft²

Average Home Age

29.8 years

Currently For Sale

4650 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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MOMMLS

Listed by: Yaakov Green, Imperial Real Estate Agency
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22432490
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 2 Drexel Drive built and last sold?
The property at 2 Drexel Drive was built in 1963 and last sold on Oct 25, 2002 for $184,245.
How much is this home worth?
The estimated value of the home located at 2 Drexel Drive is $0.
What are some comparable homes to 2 Drexel Drive?
There are currently no comparable homes to 2 Drexel Drive.
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