$620,000
●
House -
Off Market
309 Sapphire Drive
Jackson, NJ 08527
3 Beds
3 Baths
$3,487
Est. Monthly
5.92%
Cap Rate
About This Property
FULLY RENOVATED! Step into this beautifully renovated home
boasting 3 spacious bedrooms and 3 fully renovated bathrooms,
designed with a modern aesthetic and an open-concept floor plan.
The gourmet kitchen features sleek, stainless steel appliances,
complemented by stylish new granite countertops. A standout feature
is the bonus summer kitchen with walkout access to the yard from
the fully finished basement, which includes a private entry, a
separate bathroom, and ample living space, offers great potential
as a rental or in-law suite. This home spans over 2,400 sq. ft. of
space with a new roof, HVAC system, water softener, and all-new
light fixtures. The inviting mahogany entry deck and seamless flow
from the basement to the main home truly unify the space.
Unit Size
-
Days on Market
-
Land Size
1.00 acres
Price per sqft
-
Property Type
House
Property Taxes
$644
HOA Dues
-
Year Built
1978
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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 #22429511)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 25, 2024 | Sold | ||
| Sold | |||
| Nov 6, 2024 | In contract | - | |
| In contract | |||
| Oct 9, 2024 | Listed by RE/MAX Homeland Realtors | $579,000 | |
| Listed by RE/MAX Homeland Realtors | |||
| Aug 25, 2024 | In contract | - | |
| In contract | |||
| Jul 31, 2024 | Listed | $599,900 | |
| Listed | |||
| | |||
|
Welcome to 309 Sapphire Drive, located in peaceful Jackson NJ. This incredible raised ranch style home offers 3 spacious bedrooms, 3 full bathrooms and an optional 4th bedroom/play room/office in lower level. This property is truly unique and could be used as a mother daughter as well! The upper floor area features open concept style living with 3 spacious bedrooms, 3 full bathrooms and a GORGEOUS gas powered fireplace. The lower level features 1 bonus room, a full bathroom, a kitchen area and washer/dryer. The entire home was gut renovated 6 years ago. All of the major ticket items have been replaced in the home including electric, HVAC roof, a truly beautiful renovation. The home sits on over ONE full acre of land and outdoor deck. Come see this one before it is too late!!
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Property Highlights
Parking Available
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Ocean
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Listed by: David Borrero, RE/MAX Homeland Realtors
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22429511
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.
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22429511
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017