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Ocean 08527
2 Ernest Way
$446,000
● House - Off Market

2 Ernest Way

Jackson, NJ 08527
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,342 Ft²
$417,505
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

**CHECK THESE PICS OUT **A Must See! Your search will end here! Beautiful Home on a nice block. Bright kitchen with a full appliance package. Airy Dining/Living Room with hardwood floor. Lots of Sunlight. This home boast 3 bedrooms with closet space. 2 full baths. FINISH BASEMENT. IN GROUND POOL. Front lawn lush greenery. 1.12 ACRE PROPERTY!! Looking for privacy? This home is on a property fully fenced in. Enjoy True relaxation! *Lawn Sprinkler System*Car garage*Great location with easy access to everywhere. Once you see all this house has to offer you will want to make it your new home. Your Dream HOME!
Unit Size
1,342 Ft²
Days on Market
110 days
Land Size
1.12 acres
Price per sqft
$297
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1994

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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 #22221001)

Price History

Date / Event Date Event Price
Oct 26, 2022 Sold
Premium
Sold
Jul 5, 2022 Listed by HomeSmart First Advantage $399,000
Listed by HomeSmart First Advantage

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 1,316
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 49,223
  • Total Building Area: 1,334
  • Building Area: 1,334
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,334
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001130
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Jackson Township School District
  • Census Tract: 717200

Zoning

  • Zoning: R3

Geography

  • Assessors Map Reference: TAX MAP 2
  • District: 12
  • Parcel: 12 00201-0000-00031
  • Block: 201
  • Lot: 31
  • Municipality: JACKSON TWP
  • Latitude: 40.1674
  • Longitude: -74.392

    Address

  • Full Address: 2 Ernest Way
  • Address - House Number: 2
  • Address - Street Name: Ernest
  • Address - Suffix Type: Way
  • State: NJ
  • City Name: Jackson
  • Carrier Code: R019
  • 4-Digit Zip Code: 5430
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $711,869

    Appraisal Valuation

  • Standard Deviation: 0.1953
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 494,176
  • High Value: 590,707
  • Low Value: 397,646

    Market Valuation

  • Market Total Value: $283,500
  • Market Land Value: $113,100
  • Market Improvement Value: $170,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $283,500
  • Assessed Land Value: $113,100
  • Assessed Improvements Value: $170,400

    Sales

  • Current Sale Contract Date: Sep 23, 2022
  • Current Sale Recording Date: Oct 31, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 114195
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:

$499,900

Sale Price/ft²

$306

Above Asking

0.24%

Average Days on Market

73

Average Home Size

1585 ft²

Average Home Age

32.3 years

Currently For Sale

3005 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

Unit for rent at 702 Cassville Road, Jackson, NJ, 08527

$3,600 /mo

  • 4 Beds
  • 2 Baths
702 Cassville Road, Jackson, NJ, 08527 Listing by Beth M Huntley
Unit for rent at 896 Anderson Road, Jackson, NJ, 08527

$3,600 /mo

  • 6 Beds
  • 3 Baths
  • 2,352 ft²
896 Anderson Road, Jackson, NJ, 08527 Listing by Jerel Stewart

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Rivkah Rosenfeld, HomeSmart First Advantage
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22221001
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 Ernest Way built and last sold?
The property at 2 Ernest Way was built in 1994 and last sold on Sep 23, 2022 for $446,000.
How much is this home worth?
The estimated value of the home located at 2 Ernest Way is $404,682.
What are some comparable homes to 2 Ernest Way?
There are currently no comparable homes to 2 Ernest Way.
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