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Ocean 08527
35 Summerhill Avenue
$690,000
● House - Off Market

35 Summerhill Avenue

Jackson, NJ 08527
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
$703,408
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

Welcome to this beautiful 4 bedroom center hall colonial in Green Hills! Two story foyer welcomes you home. Wood floors in Formal living room and dining room plus great eat in kitchen with stainless steel appliances, center island, large pantry and slider to back deck. Step down to the roomy family room and enjoy the fireplace.  Laundry room off kitchen leads to garage. Full unfinished basement.  Head upstairs to large master bedroom with huge walk in closet and private bath with large soaker tub, separate shower and two vanities. Three additional bedrooms and full bath finish off the upstairs. Out back find a two level deck overlooking the private backyard.
Unit Size
-
Days on Market
-
Land Size
0.48 acres
Price per sqft
-
Property Type
House
Property Taxes
$871
HOA Dues
-
Year Built
2001

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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 #22123114)

Price History

Date / Event Date Event Price
Oct 19, 2021 Sold
Premium
Sold
Jul 15, 2021 Listed by RE/MAX Realty 9 $625,000
Listed by RE/MAX Realty 9

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Bedroom Count: 0
  • 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: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 1,232
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,909
  • Total Building Area: 2,526
  • Building Area: 2,526
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,526
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000480
  • 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 12
  • District: 12
  • Parcel: 12 01204-0000-00020
  • Block: 1204
  • Lot: 20
  • Municipality: JACKSON TWP
  • Latitude: 40.1555
  • Longitude: -74.2775

    Address

  • Full Address: 35 Summerhill Ave
  • Address - House Number: 35
  • Address - Street Name: Summerhill
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Jackson
  • Carrier Code: R017
  • 4-Digit Zip Code: 4370
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,081,243

    Appraisal Valuation

  • Standard Deviation: 0.1894
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 830,253
  • High Value: 987,559
  • Low Value: 672,948

    Market Valuation

  • Market Total Value: $418,600
  • Market Land Value: $112,400
  • Market Improvement Value: $306,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $418,600
  • Assessed Land Value: $112,400
  • Assessed Improvements Value: $306,200

    Sales

  • Current Sale Contract Date: Oct 19, 2021
  • Current Sale Recording Date: Oct 21, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021151406
  • Previous Sale Recording Date: Sep 24, 2001
  • Previous Sale Contract Date: Sep 11, 2001
  • Previous Sale Amount: $265,467
  • 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

$303

Above Asking

0.19%

Average Days on Market

65

Average Home Size

1605 ft²

Average Home Age

29.4 years

Currently For Sale

4507 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 574 Jackson Mills Road, Jackson, NJ, 08527

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,632 ft²
574 Jackson Mills Road, Jackson, NJ, 08527 Listing by Elizabeth Page

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Susanne M Brown, RE/MAX Realty 9
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22123114
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 35 Summerhill Avenue built and last sold?
The property at 35 Summerhill Avenue was built in 2001 and last sold on Oct 19, 2021 for $690,000.
How much is this home worth?
The estimated value of the home located at 35 Summerhill Avenue is $631,250.
What are some comparable homes to 35 Summerhill Avenue?
There are currently no comparable homes to 35 Summerhill Avenue.
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