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Ocean 08527
38 New Prospect Road
$242,000
● House - Off Market

38 New Prospect Road

Jackson, NJ 08527
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,508 Ft²
$413,147
RealtyHop Estimate
68.63%
Since Nov 1, 2016
National-US
Primary Model

About This Property

Great Ranch on nice size lot side entry parking. Home has a eat in kitchen with large living room with fireplace and doors to rear patio. Three bedrooms and 1.5 bathrooms. This home has new roof and nice curb appeal ready to move in. close to Route 9, schools and restaurants.
Unit Size
1,508 Ft²
Days on Market
-
Land Size
-
Price per sqft
$162
Property Type
House
Property Taxes
$464
HOA Dues
-
Year Built
1968

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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 #21631090)

Price History

Date / Event Date Event Price
Oct 31, 2016 Sold
Premium
Sold
Aug 5, 2016 Listed by C21/ Value Plus Realty $245,000
Listed by C21/ Value Plus Realty

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Bedroom Count: 0
  • 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: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 18,295
  • Total Building Area: 1,508
  • Building Area: 1,508
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,508
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STRATFORD HEIGHTS
  • Land Acres: 0000000420
  • 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 58
  • District: 12
  • Parcel: 12 05813-0000-00009
  • Block: 5813
  • Lot: 9
  • Municipality: JACKSON TWP
  • Latitude: 40.1428
  • Longitude: -74.2695

    Address

  • Full Address: 38 N New Prospect Rd
  • Address - House Number: 38
  • Street Direction: N
  • Address - Street Name: New Prospect
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Jackson
  • Carrier Code: R013
  • 4-Digit Zip Code: 1353
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $636,193

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 528,381
  • High Value: 630,621
  • Low Value: 426,141

    Market Valuation

  • Market Total Value: $246,300
  • Market Land Value: $116,200
  • Market Improvement Value: $130,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $246,300
  • Assessed Land Value: $116,200
  • Assessed Improvements Value: $130,100

    Sales

  • Current Sale Contract Date: Oct 24, 2016
  • Current Sale Recording Date: Nov 14, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 2016117251
  • Previous Sale Recording Date: May 27, 2015
  • Previous Sale Contract Date: May 11, 2015
  • Previous Sale Document Type: 64

    Financing

  • First Mortgage Financing Type: FIX
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

73

Average Home Size

1583 ft²

Average Home Age

32.5 years

Currently For Sale

3087 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: Robert Giovinazzo, C21/ Value Plus Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21631090
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 38 North New Prospect Road built and last sold?
The property at 38 North New Prospect Road was built in 1968 and last sold on Oct 24, 2016 for $242,000.
How much is this home worth?
The estimated value of the home located at 38 North New Prospect Road is $259,694.
What are some comparable homes to 38 North New Prospect Road?
There are currently no comparable homes to 38 North New Prospect Road.
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