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Ocean 08527
4 Rapids Drive
$455,000
● House - Off Market

4 Rapids Drive

Jackson, NJ 08527
bedrooms
5 Beds
bathrooms
4 Baths
$802,094
RealtyHop Estimate
68.90%
Since Sep 1, 2016
National-US
Primary Model

About This Property

This stunning two story central hall colonial with energy saving SOLAR PANELS has all the bells & whistles, 5BR,4B, granite countertops, SSappl. The freshly painted main floor boasts an open floor plan, formal dning/livng rooms & 5th bonus room.The master BR has a separate computer/office with 2 amazing walk'in closets, master bath with double sinks, a soaking tub&shower.The flooring is tile,hardwood or brand new carpeting.The full partial-finished basement has 9ft ceiling with finished room & full bath...potential for M/D, gym area or home theater with ample storage space. The backyard oasis begins with a two tiered Trex deck which leads to a gorgeous backyard with pavers leading to INGROUND POOL, large shed & spacious lawn.  Convenient to transportation,I-95&great schools. WELCOME HOME
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$986
HOA Dues
-
Year Built
2005

Payment Calculator

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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 #21600004)

Price History

Date / Event Date Event Price
Aug 16, 2016 Sold
Premium
Sold
Jan 1, 2016 Listed by Gloria Nilson & Co. Real Estate $474,900
Listed by Gloria Nilson & Co. Real Estate

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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: 1,570
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 47,480
  • Total Building Area: 3,014
  • Building Area: 3,014
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,014
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001090
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Jackson Township School District
  • Census Tract: 717300

Zoning

  • Zoning: R3

Geography

  • Assessors Map Reference: TAX MAP 118
  • District: 12
  • Parcel: 12 11802-0000-00003
  • Block: 11802
  • Lot: 3
  • Municipality: JACKSON TWP
  • Latitude: 40.1197
  • Longitude: -74.3623

    Address

  • Full Address: 4 Rapids Dr
  • Address - House Number: 4
  • Address - Street Name: Rapids
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Jackson
  • Carrier Code: R006
  • 4-Digit Zip Code: 4895
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,369,382

    Appraisal Valuation

  • Standard Deviation: 0.2099
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 900,918
  • High Value: 1,090,032
  • Low Value: 711,804

    Market Valuation

  • Market Total Value: $541,900
  • Market Land Value: $135,500
  • Market Improvement Value: $406,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $541,900
  • Assessed Land Value: $135,500
  • Assessed Improvements Value: $406,400

    Sales

  • Current Sale Contract Date: Jul 18, 2016
  • Current Sale Recording Date: Aug 22, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016083920
  • Previous Sale Recording Date: Oct 05, 2009
  • Previous Sale Contract Date: Aug 20, 2009
  • Previous Sale Amount: $410,000
  • Previous Sale Document Type: 27

    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:

$499,000

Sale Price/ft²

$303

Above Asking

0.20%

Average Days on Market

66

Average Home Size

1602 ft²

Average Home Age

29.8 years

Currently For Sale

4664 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: Donna Weldon, Gloria Nilson & Co. Real Estate
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21600004
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 4 Rapids Drive built and last sold?
The property at 4 Rapids Drive was built in 2005 and last sold on Jul 18, 2016 for $455,000.
How much is this home worth?
The estimated value of the home located at 4 Rapids Drive is $0.
What are some comparable homes to 4 Rapids Drive?
There are currently no comparable homes to 4 Rapids Drive.
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