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Ocean 08527
218 Grawtown Road
$590,000
● House - Off Market

218 Grawtown Road

Jackson, NJ 08527
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,500 Ft²
$625,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

This adorable home is situated on a quiet street and has plenty of extras!  3 bedrooms on the 2nd floor, plus a bonus room on the 1st floor that could potentially be another bedroom; deck at the back overlooking your full acre of property and 30x40 pole barn (less than two years old) perfect for hobby shop, contractor or storage; hardwood flooring in the kitchen, foyer and dining room, wood stove in dining room, full basement waiting to be finished for more usable space!  Private location yet close enough to shopping and other conveniences.
Unit Size
1,500 Ft²
Days on Market
-
Land Size
1.03 acres
Price per sqft
$417
Property Type
House
Property Taxes
$603
HOA Dues
-
Year Built
1997

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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: 3 years ago (MOMLS #22323732)

Price History

Date / Event Date Event Price
Nov 16, 2023 Sold
Premium
Sold
Aug 24, 2023 Listed by Crossroads Realty Executive Office $625,000
Listed by Crossroads Realty Executive Office

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 924
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 44,867
  • Total Building Area: 1,500
  • Building Area: 1,500
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,500
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • 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: RG2

Geography

  • Assessors Map Reference: TAX MAP 193
  • District: 12
  • Parcel: 12 19301-0000-00006
  • Block: 19301
  • Lot: 6
  • Municipality: JACKSON TWP
  • Latitude: 40.0716
  • Longitude: -74.2995

    Address

  • Full Address: 218 Grawtown Rd
  • Address - House Number: 218
  • Address - Street Name: Grawtown
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Jackson
  • Carrier Code: R002
  • 4-Digit Zip Code: 5107
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $780,591

    Appraisal Valuation

  • Standard Deviation: 0.1906
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 591,637
  • High Value: 704,457
  • Low Value: 478,816

    Market Valuation

  • Market Total Value: $308,900
  • Market Land Value: $99,900
  • Market Improvement Value: $209,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $308,900
  • Assessed Land Value: $99,900
  • Assessed Improvements Value: $209,000

    Sales

  • Current Sale Contract Date: Nov 14, 2023
  • Current Sale Recording Date: Dec 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 90015
  • Previous Sale Recording Date: Nov 01, 2007
  • Previous Sale Contract Date: Oct 29, 2007
  • Previous Sale Amount: $325,000
  • 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

$303

Above Asking

0.00%

Average Days on Market

65

Average Home Size

1596 ft²

Average Home Age

26.7 years

Currently For Sale

4265 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

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MOMMLS

Listed by: Vickie L Black, Crossroads Realty Executive Office
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22323732
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 218 Grawtown Road built and last sold?
The property at 218 Grawtown Road was built in 1997 and last sold on Nov 14, 2023 for $590,000.
How much is this home worth?
The estimated value of the home located at 218 Grawtown Road is $0.
What are some comparable homes to 218 Grawtown Road?
There are currently no comparable homes to 218 Grawtown Road.
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