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Ocean 08527
2 Monarch Court
$620,000
● House - Off Market

2 Monarch Court

Jackson, NJ 08527
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,022 Ft²
$949,855
RealtyHop Estimate
49.58%
Since Apr 1, 2019
National-US
Primary Model

About This Property

Great 4 bedroom 2.5 bath brick-front Colonial on a 1+ Acre Corner Lot. Home feature 2-story Foyer w/ Curved Staircase, Family Room with Crown Molding, Recessed Lighting and Fireplace; Kitchen w/ Breakfast Nook and Center Island; Formal Dining Room and Living Room w/ Hardwood Flooring, Office/Den. Second floor has Large Master Suite w/ Walk-In Closet, Master Bath w/ Corner Soaking Tub and His/Her Sinks and 3 additional Bedrooms. In-Ground Heated Pool; Great Backyard for Entertaining w/ Custom Paver Patio. Full Basement, 2-Zone Heat & AC, Public Water and 2-Car Attached Garage.
Unit Size
3,022 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$210
Property Type
House
Property Taxes
$961
HOA Dues
-
Year Built
2001

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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 #21837790)

Price History

Date / Event Date Event Price
Mar 20, 2019 Sold
Premium
Sold
Sep 24, 2018 Listed by C21/ Action Plus Realty $635,000
Listed by C21/ Action Plus Realty

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 1,776
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 44,867
  • Total Building Area: 3,370
  • Building Area: 3,370
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,370
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SAVANNAH AT TIMBER LAKE
  • Land Acres: 0000001030
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Jackson Township School District
  • Census Tract: 717400

Zoning

  • Zoning: R5

Geography

  • Assessors Map Reference: TAX MAP 154
  • District: 12
  • Parcel: 12 15401-0000-00001
  • Block: 15401
  • Lot: 1
  • Municipality: JACKSON TWP
  • Latitude: 40.0965
  • Longitude: -74.3109

    Address

  • Full Address: 2 Monarch Ct
  • Address - House Number: 2
  • Address - Street Name: Monarch
  • Address - Suffix Type: Ct
  • State: NJ
  • City Name: Jackson
  • Carrier Code: R002
  • 4-Digit Zip Code: 2873
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,261,225

    Appraisal Valuation

  • Standard Deviation: 0.2089
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 963,670
  • High Value: 1,165,000
  • Low Value: 762,340

    Market Valuation

  • Market Total Value: $499,100
  • Market Land Value: $98,800
  • Market Improvement Value: $400,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $499,100
  • Assessed Land Value: $98,800
  • Assessed Improvements Value: $400,300

    Sales

  • Current Sale Contract Date: Mar 20, 2019
  • Current Sale Recording Date: Mar 21, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2019025804
  • Previous Sale Recording Date: Jan 18, 2002
  • Previous Sale Contract Date: Dec 20, 2001
  • Previous Sale Amount: $350,000
  • 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

$302

Above Asking

0.00%

Average Days on Market

65

Average Home Size

1593 ft²

Average Home Age

24.1 years

Currently For Sale

4226 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 31 Oakland Drive, Jackson, NJ, 08527

$4,000 /mo

  • 3 Beds
  • 3 Baths
  • 2,791 ft²
31 Oakland Drive, Jackson, NJ, 08527 Listing by Miriam Rubin-Feldheim

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Wayne Brown, C21/ Action Plus Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21837790
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 Monarch Court built and last sold?
The property at 2 Monarch Court was built in 2001 and last sold on Mar 20, 2019 for $620,000.
How much is this home worth?
The estimated value of the home located at 2 Monarch Court is $0.
What are some comparable homes to 2 Monarch Court?
There are currently no comparable homes to 2 Monarch Court.
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