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Ocean 08527
343 Sapphire Drive
$383,000
● House - Off Market

343 Sapphire Drive

Jackson, NJ 08527
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,386 Ft²
$431,262
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

This is the one that you've been waiting for! Beautiful, freshly painted 3 bedroom/2 bathroom ranch on ¾ acre property. This home has rich laminate flooring throughout and new modern vinyl floor in large eat-in kitchen. You'll find new carpets in two of the bedrooms and a brand new gorgeous remodeled master bathroom! The AC/Furnace and water softener with lifetime warranty are all under one year old. Except for dishwasher all appliances included in home are newer. Moldings and doors have recently been refinished. This home is in a quiet neighborhood and will interest even your fussiest buyer! Come and take a look before its gone.
Unit Size
1,386 Ft²
Days on Market
-
Land Size
0.76 acres
Price per sqft
$274
Property Type
House
Property Taxes
$521
HOA Dues
-
Year Built
1980

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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 #22124021)

Price History

Date / Event Date Event Price
Sep 9, 2021 Sold
Premium
Sold
Jul 23, 2021 Listed by Weichert Realtors-Jackson $379,900
Listed by Weichert Realtors-Jackson

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • 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: 0
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 33,106
  • Total Building Area: 1,386
  • Building Area: 1,386
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,386
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000760
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

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

Zoning

  • Zoning: R3

Geography

  • Assessors Map Reference: TAX MAP 11
  • District: 12
  • Parcel: 12 01102-0000-00043
  • Block: 1102
  • Lot: 43
  • Municipality: JACKSON TWP
  • Latitude: 40.1645
  • Longitude: -74.2773

    Address

  • Full Address: 343 Sapphire Dr
  • Address - House Number: 343
  • Address - Street Name: Sapphire
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Jackson
  • Carrier Code: R013
  • 4-Digit Zip Code: 1364
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $646,784

    Appraisal Valuation

  • Standard Deviation: 0.2663
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 62
  • Final Value: 484,759
  • High Value: 613,858
  • Low Value: 355,661

    Market Valuation

  • Market Total Value: $250,400
  • Market Land Value: $128,800
  • Market Improvement Value: $121,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $250,400
  • Assessed Land Value: $128,800
  • Assessed Improvements Value: $121,600

    Sales

  • Current Sale Contract Date: Aug 31, 2021
  • Current Sale Recording Date: Sep 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021137893
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

0.00%

Average Days on Market

65

Average Home Size

1602 ft²

Average Home Age

29.3 years

Currently For Sale

4474 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: Elaine McGovern-O'Connell, Weichert Realtors-Jackson
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22124021
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 343 Sapphire Drive built and last sold?
The property at 343 Sapphire Drive was built in 1980 and last sold on Aug 31, 2021 for $383,000.
How much is this home worth?
The estimated value of the home located at 343 Sapphire Drive is $0.
What are some comparable homes to 343 Sapphire Drive?
There are currently no comparable homes to 343 Sapphire Drive.
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