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Ocean 08527
40 Summerhill Avenue
$520,000
● House - Off Market

40 Summerhill Avenue

Jackson, NJ 08527
bedrooms
5 Beds
bathrooms
4 Baths
square feet
2,871 Ft²
$776,272
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model

About This Property

Exactly What You Have Been Waiting For!!! Come See This Beautiful Brick Front Center Hall Colonial In Green Hills Development At Jackson, N.J..This Stunning Model Features 5 Bedrooms & 4 Bathrooms, Breathtaking 2 Story Entry Way Foyer & Family Room With Fireplace. Convenient 5th Bedroom On 1st Floor With Ensuite Bathroom. Upgrades Include Hardwood Floors, New Carpeting, Pavered Walk Way, Trex Deck & More!! Plenty Of Parking In The Extra Long Driveway With 2 Car Side Entry Garage. Lets Not Forget The Resort Style Backyard With L Shaped Inground Pool Perfect For Those Summer Get Togethers. Excellent Location On The Border Of Freehold, Easy Access To Shopping, Schools & More!!
Unit Size
2,871 Ft²
Days on Market
-
Land Size
0.61 acres
Price per sqft
$185
Property Type
House
Property Taxes
$1,017
HOA Dues
-
Year Built
2001

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 #21929068)

Price History

Date / Event Date Event Price
Oct 1, 2019 Sold
Premium
Sold
Jul 15, 2019 Listed by RE/MAX Central $530,000
Listed by RE/MAX Central

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • 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: 1,545
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 26,572
  • Total Building Area: 2,871
  • Building Area: 2,871
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,871
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000610
  • 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 01204-0000-00014
  • Block: 1204
  • Lot: 14
  • Municipality: JACKSON TWP
  • Latitude: 40.156
  • Longitude: -74.278

    Address

  • Full Address: 40 Summerhill Ave
  • Address - House Number: 40
  • Address - Street Name: Summerhill
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Jackson
  • Carrier Code: R017
  • 4-Digit Zip Code: 4369
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,311,130

    Appraisal Valuation

  • Standard Deviation: 0.2086
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 926,157
  • High Value: 1,119,380
  • Low Value: 732,934

    Market Valuation

  • Market Total Value: $507,600
  • Market Land Value: $101,700
  • Market Improvement Value: $405,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $507,600
  • Assessed Land Value: $101,700
  • Assessed Improvements Value: $405,900

    Sales

  • Current Sale Contract Date: Sep 19, 2019
  • Current Sale Recording Date: Nov 19, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2019117292
  • Previous Sale Recording Date: Jul 12, 2001
  • Previous Sale Contract Date: Jul 09, 2001
  • Previous Sale Amount: $290,990
  • 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

0.00%

Average Days on Market

65

Average Home Size

1595 ft²

Average Home Age

29 years

Currently For Sale

4301 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: Giovanni Randazzo, RE/MAX Central
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21929068
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 40 Summerhill Avenue built and last sold?
The property at 40 Summerhill Avenue was built in 2001 and last sold on Sep 19, 2019 for $520,000.
How much is this home worth?
The estimated value of the home located at 40 Summerhill Avenue is $0.
What are some comparable homes to 40 Summerhill Avenue?
There are currently no comparable homes to 40 Summerhill Avenue.
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