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Ocean 08527
3 Alan Terrace
$304,900
● House - Off Market

3 Alan Terrace

Jackson, NJ 08527
bedrooms
3 Beds
bathrooms
2 Baths
$407,710
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model

About This Property

You won't want to miss this 3 bedroom, 2 full bathroom house located in the Harfield section of Jackson. Located on a quiet cul de sac, this home offers so much. Three bedroom, one full updated bath upstairs with heated Jacuzzi tub. Open kitchen with granite top island and built in pantries for lots of storage. Spacious living room that opens to eating area. Bonus room with new French doors could easily convert to a 4th bedroom. Large yard with deck, new shed, privacy fence and plenty of room for a pool and/or playset, as well as room for entertaining. High ceiling basement with full bath, workshop area, laundry chute and lots of potential.  Newer roof, siding and solar panels.  New development playground just around the block.
Unit Size
-
Days on Market
-
Land Size
0.24 acres
Price per sqft
-
Property Type
House
Property Taxes
$495
HOA Dues
-
Year Built
1965

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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 #22028657)

Price History

Date / Event Date Event Price
Oct 30, 2020 Sold
Premium
Sold
Aug 16, 2020 Listed by United Real Estate Associates $304,900
Listed by United Real Estate Associates

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 1,260
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,454
  • Total Building Area: 1,330
  • Building Area: 1,330
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,330
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000240
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Jackson Township School District
  • Census Tract: 717101

Zoning

  • Zoning: R15

Geography

  • Assessors Map Reference: TAX MAP 58
  • District: 12
  • Parcel: 12 05804-0000-00060
  • Block: 5804
  • Lot: 60
  • Municipality: JACKSON TWP
  • Latitude: 40.1467
  • Longitude: -74.2722

    Address

  • Full Address: 3 Alan Ter
  • Address - House Number: 3
  • Address - Street Name: Alan
  • Address - Suffix Type: Ter
  • State: NJ
  • City Name: Jackson
  • Carrier Code: C010
  • 4-Digit Zip Code: 1101
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $621,986

    Appraisal Valuation

  • Standard Deviation: 0.2663
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 62
  • Final Value: 433,944
  • High Value: 549,510
  • Low Value: 318,378

    Market Valuation

  • Market Total Value: $240,800
  • Market Land Value: $114,400
  • Market Improvement Value: $126,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $240,800
  • Assessed Land Value: $114,400
  • Assessed Improvements Value: $126,400

    Sales

  • Current Sale Contract Date: Oct 29, 2020
  • Current Sale Recording Date: Jan 20, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021009223
  • Previous Sale Recording Date: Sep 16, 2003
  • Previous Sale Contract Date: Sep 08, 2003
  • Previous Sale Amount: $239,900
  • 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:

$499,900

Sale Price/ft²

$306

Above Asking

0.16%

Average Days on Market

74

Average Home Size

1581 ft²

Average Home Age

32.5 years

Currently For Sale

3093 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 10 Smith Street, Howell, NJ, 07731

$3,200 /mo

  • 2 Beds
  • 1 Bath
  • 1,080 ft²
10 Smith Street, Howell, NJ, 07731 Listing by Clara Borras

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Jerilyn DiMaio, United Real Estate Associates
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22028657
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 3 Alan Terrace built and last sold?
The property at 3 Alan Terrace was built in 1965 and last sold on Oct 29, 2020 for $304,900.
How much is this home worth?
The estimated value of the home located at 3 Alan Terrace is $0.
What are some comparable homes to 3 Alan Terrace?
There are currently no comparable homes to 3 Alan Terrace.
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