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Ocean 08527
222 Leesville Road
$525,000
● House - Off Market

222 Leesville Road

Jackson, NJ 08527
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,372 Ft²
$3,214
Est. Monthly
6.32%
Cap Rate

About This Property

Pull up to the oversized driveway where you'll be greeted by mature landscaping and the raised ranch in Jackson Township you have been waiting for. As you enter you will notice brand new vinyl water proof flooring throughout. Your living room offers vaulted ceilings and a beautiful bay window offering endless sunlight. The large eat In Kitchen features ample cabinetry and a sliding glass door leading to your deck. Step outside to your park like backyard fully fenced in and just shy of 1 acre (.92) backing up to woods for the ultimate privacy.  Three spacious bedrooms and two full bathroom completes this level.  Downstairs you will notice your unfinished walk out basement which will remain dry with the system in place. A back up generator in place to provide emergency power when needed.
Unit Size
1,372 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$383
Property Type
House
Property Taxes
$635
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 #22330576)

Price History

Date / Event Date Event Price
Apr 11, 2024 Sold
Premium
Sold
Nov 2, 2023 Listed by RE/MAX Realty 9 $525,000
Listed by RE/MAX Realty 9

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Bedroom Count: 3
  • 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: 1,196
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,075
  • Total Building Area: 1,372
  • Building Area: 1,372
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,372
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000920
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Jackson Township School District
  • Census Tract: 717300

Zoning

  • Zoning: R3

Geography

  • Assessors Map Reference: TAX MAP 100
  • District: 12
  • Parcel: 12 10002-0000-00018
  • Block: 10002
  • Lot: 18
  • Municipality: JACKSON TWP
  • Latitude: 40.1231
  • Longitude: -74.3646

    Address

  • Full Address: 222 Leesville Rd
  • Address - House Number: 222
  • Address - Street Name: Leesville
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Jackson
  • Carrier Code: R015
  • 4-Digit Zip Code: 4539
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $762,396

    Appraisal Valuation

  • Standard Deviation: 0.0901
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 92
  • Final Value: 507,315
  • High Value: 553,055
  • Low Value: 461,576

    Market Valuation

  • Market Total Value: $301,700
  • Market Land Value: $125,100
  • Market Improvement Value: $176,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $301,700
  • Assessed Land Value: $125,100
  • Assessed Improvements Value: $176,600

    Sales

  • Current Sale Contract Date: Jul 30, 2004
  • Current Sale Recording Date: Oct 06, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 40
  • Current Sale Input Document Number: 2004197937
  • Previous Sale Recording Date: Sep 21, 1994
  • Previous Sale Contract Date: Sep 16, 1994
  • Previous Sale Amount: $134,350
  • 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

65

Average Home Size

1600 ft²

Average Home Age

29.8 years

Currently For Sale

4608 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 34 Mantoloking Drive, Jackson, NJ, 08527

$3,700 /mo

  • 3 Beds
  • 4 Baths
  • 1,924 ft²
34 Mantoloking Drive, Jackson, NJ, 08527 Listing by Chaim Blau

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Meghan Anderson, RE/MAX Realty 9
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22330576
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 222 Leesville Road built and last sold?
The property at 222 Leesville Road was built in 1994 and last sold on Jul 30, 2004 for $225,000.
How much is this home worth?
The estimated value of the home located at 222 Leesville Road is $0.
What are some comparable homes to 222 Leesville Road?
There are currently no comparable homes to 222 Leesville Road.
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