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Ocean 08527
22 Rhode Island Drive
$235,000
● House - Off Market

22 Rhode Island Drive

Jackson, NJ 08527
bedrooms
3 Beds
bathrooms
2 Baths
$395,383
RealtyHop Estimate
68.25%
Since Jan 1, 2017
National-US
Primary Model

About This Property

AUCTION BEGINNING AT $235,000. ALL OFFERS MUST BE EMAILED TO LISTING AGENT BY NOVEMBER 1ST. Seller is ready to move on. This great ranch is ready for it's new family.  It's current family has relocated out of state. You will love the hardwood floors, large rooms, full basement and large yard to name a few things. Priced to sell quickly so don't wait.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$435
HOA Dues
-
Year Built
1962

Payment Calculator

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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 #21631810)

Price History

Date / Event Date Event Price
Dec 16, 2016 Sold
Premium
Sold
Aug 11, 2016 Listed by RE/MAX First Class $235,000
Listed by RE/MAX First Class

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 9,583
  • 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: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Jackson Township School District
  • Census Tract: 717001

Zoning

  • Zoning: R15

Geography

  • Assessors Map Reference: TAX MAP 60
  • District: 12
  • Parcel: 12 06011-0000-00004
  • Block: 6011
  • Lot: 4
  • Municipality: JACKSON TWP
  • Latitude: 40.1431
  • Longitude: -74.2584

    Address

  • Full Address: 22 Rhode Island Dr
  • Address - House Number: 22
  • Address - Street Name: Rhode Island
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Jackson
  • Carrier Code: C005
  • 4-Digit Zip Code: 1447
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $596,156

    Appraisal Valuation

  • Standard Deviation: 0.2136
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 428,558
  • High Value: 520,115
  • Low Value: 337,002

    Market Valuation

  • Market Total Value: $230,800
  • Market Land Value: $114,200
  • Market Improvement Value: $116,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $230,800
  • Assessed Land Value: $114,200
  • Assessed Improvements Value: $116,600

    Sales

  • Current Sale Contract Date: Dec 07, 2016
  • Current Sale Recording Date: Feb 10, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2017015878
  • Previous Sale Recording Date: Jun 25, 2010
  • Previous Sale Contract Date: Jun 17, 2010
  • Previous Sale Amount: $247,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: FIX
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

0.23%

Average Days on Market

74

Average Home Size

1595 ft²

Average Home Age

35.1 years

Currently For Sale

2998 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 69 Forest Drive, Jackson, NJ, 08527

$3,450 /mo

  • 5 Beds
  • 2 Baths
69 Forest Drive, Jackson, NJ, 08527 Listing by Efrayim Lax

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Justine Galdorise-Alfano, RE/MAX First Class
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21631810
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 22 Rhode Island Drive built and last sold?
The property at 22 Rhode Island Drive was built in 1962 and last sold on Dec 7, 2016 for $235,000.
How much is this home worth?
The estimated value of the home located at 22 Rhode Island Drive is $0.
What are some comparable homes to 22 Rhode Island Drive?
There are currently no comparable homes to 22 Rhode Island Drive.
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