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Ocean 08527
3 Salem Lane
$635,000
● House - Off Market

3 Salem Lane

Jackson, NJ 08527
bedrooms
6 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,452 Ft²
$3,716
Est. Monthly
14.32%
Cap Rate

About This Property

@@@HIGHEST AND BEST DUE BY 12/13/23 AT NOON@@@EXPANSIVE HOME WITH OVER 2400 SQUARE FEET OF LIVING SPACE AWAITS YOU.  6 BEDROOMS 2 1/2 BATH HOME PROVIDES FLEXIBILITY FOR A GROWING FAMILY. USE ONE OF THE BEDROOMS AS AN OFFICE, GUEST ROOM ETC.  PRIVATE BACK YARD OFFERS A SERENE RETREAT WITH AN IN-GROUND POOL PERFECT FOR RELAXATION AND ENTERTAINMENT.  LARGE FAMILY ROOM WITH GAS BURNING FIREPLACE OPENS TO LARGE KITCHEN WITH PLENTY OF CABINETS AND WINDOWS FOR NATURAL LIGHT.  SPACIOUS LIVING ROOM AND DINING ROOM FINISH OFF THIS HOME.  SITUATED ON A QUIET STREET PROVIDING A PEACEFUL AND SAFE ENVIRONMENT.  BRAND NEW FURNACE AND HOT WATER HEATER.  ADD SOME FLAIR TO THIS ALREADY GREAT HOME AND MAKE IT YOURS.  COME TAKE A LOOK YOU WON'T BE DISAPPOINTED.
Unit Size
2,452 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$249
Property Type
House
Property Taxes
$721
HOA Dues
-
Year Built
1972

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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 #22333523)

Price History

Date / Event Date Event Price
Jan 26, 2024 Sold
Premium
Sold
Dec 8, 2023 Listed by Coldwell Banker Realty $609,900
Listed by Coldwell Banker Realty

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,553
  • Total Building Area: 2,452
  • Building Area: 2,452
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,452
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000380
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

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

Zoning

  • Zoning: R20

Geography

  • Assessors Map Reference: TAX MAP 57
  • District: 12
  • Parcel: 12 05701-0000-00006
  • Block: 5701
  • Lot: 6
  • Municipality: JACKSON TWP
  • Latitude: 40.1406
  • Longitude: -74.2741

    Address

  • Full Address: 3 Salem Ln
  • Address - House Number: 3
  • Address - Street Name: Salem
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Jackson
  • Carrier Code: C010
  • 4-Digit Zip Code: 1210
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $865,305

    Appraisal Valuation

  • Standard Deviation: 0.2086
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 727,415
  • High Value: 879,175
  • Low Value: 575,655

    Market Valuation

  • Market Total Value: $335,000
  • Market Land Value: $115,800
  • Market Improvement Value: $219,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $335,000
  • Assessed Land Value: $115,800
  • Assessed Improvements Value: $219,200

    Sales

  • Current Sale Contract Date: Jan 25, 2024
  • Current Sale Recording Date: Jan 31, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 7496
  • Previous Sale Recording Date: Aug 26, 1987
  • Previous Sale Contract Date: Aug 26, 1987
  • Previous Sale Amount: $60,000
  • 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

$304

Above Asking

0.19%

Average Days on Market

65

Average Home Size

1609 ft²

Average Home Age

24.6 years

Currently For Sale

3232 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

Rentals Near You

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MOMMLS

Listed by: Lucia Palmese, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22333523
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 Salem Lane built and last sold?
The property at 3 Salem Lane was built in 1972 and last sold on Jan 25, 2024 for $635,000.
How much is this home worth?
The estimated value of the home located at 3 Salem Lane is $0.
What are some comparable homes to 3 Salem Lane?
There are currently no comparable homes to 3 Salem Lane.
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