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Ocean 08527
263 W Veterans Highway
$425,000
● House - Off Market

263 W Veterans Highway

Jackson, NJ 08527
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,400 Ft²
$377,907
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Looking for a home to make your own? This 4 bedroom 2 bath Cape house offers a little over an acre of property on a corner lot with circular driveway with plenty of parking, full basement with bilco doors and brand new carpeting on the 'finished' side, Oversized detached 2 car garage, hardwood floors under living room and stairs, updated windows, solid wood doors, large eat in kitchen with bonus room that can be used as a dining room, office, play area etc.  Natural Gas, hot water baseboard heat, upstairs has newer electric heat, brand new HWH.  New Fiberglass holding tank for well. Close to Justice Complex, schools, shopping and major roadways!! Make your offer today...
Unit Size
1,400 Ft²
Days on Market
78 days
Land Size
1.03 acres
Price per sqft
$268
Property Type
House
Property Taxes
$535
HOA Dues
-
Year Built
1950

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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 #22306102)

Price History

Date / Event Date Event Price
May 24, 2023 Sold
Premium
Sold
Mar 6, 2023 Listed by RE/MAX Realty 9 $375,000
Listed by RE/MAX Realty 9

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 837
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 44,867
  • Total Building Area: 1,483
  • Building Area: 1,483
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,483
  • 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: PV

Geography

  • Assessors Map Reference: TAX MAP 118
  • District: 12
  • Parcel: 12 11805-0000-00001
  • Block: 11805
  • Lot: 1
  • Municipality: JACKSON TWP
  • Latitude: 40.1124
  • Longitude: -74.3649

    Address

  • Full Address: 263 W Veterans Hwy
  • Address - House Number: 263
  • Street Direction: W
  • Address - Street Name: Veterans
  • Address - Suffix Type: Hwy
  • State: NJ
  • City Name: Jackson
  • Carrier Code: R006
  • 4-Digit Zip Code: 3415
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $641,352

    Appraisal Valuation

  • Standard Deviation: 0.1953
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 467,619
  • High Value: 558,962
  • Low Value: 376,277

    Market Valuation

  • Market Total Value: $253,800
  • Market Land Value: $133,600
  • Market Improvement Value: $120,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $253,800
  • Assessed Land Value: $133,600
  • Assessed Improvements Value: $120,200

    Sales

  • Current Sale Contract Date: May 19, 2023
  • Current Sale Recording Date: May 31, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 40464
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

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MOMMLS

Listed by: Donna Keidel, RE/MAX Realty 9
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22306102
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 263 West Veterans Highway built and last sold?
The property at 263 West Veterans Highway was built in 1950 and last sold on May 19, 2023 for $425,000.
How much is this home worth?
The estimated value of the home located at 263 West Veterans Highway is $0.
What are some comparable homes to 263 West Veterans Highway?
There are currently no comparable homes to 263 West Veterans Highway.
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