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Ocean 08527
422 Butterfly Road
$680,000
● House - Off Market

422 Butterfly Road

Jackson, NJ 08527
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,845 Ft²
$3,873
Est. Monthly
4.47%
Cap Rate

About This Property

Welcome to Butterfly Rd. This beautiful home offers an open floor plan with cathedral ceiling when entering the living room.  The open plan gives an inviting flow to  dining room and kitchen with a view to the backyard.  Kitchen offers granite countertops with SS refrigerator and pantry storage.  Master bedroom has private bath suite and two closets. Newer flooring throughout the living room and dining room.  Home offers a two car garage and plenty of storage and a Navien insta hot water heater.  Call you agent today!
Unit Size
1,845 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$352
Property Type
House
Property Taxes
$681
HOA Dues
-
Year Built
1996

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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 #22407298)

Price History

Date / Event Date Event Price
May 24, 2024 Sold
Premium
Sold
Mar 15, 2024 Listed by Crossroads Realty Executive Office $649,900
Listed by Crossroads Realty Executive Office

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • 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: 988
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,075
  • Total Building Area: 1,845
  • Building Area: 1,845
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,845
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000920
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Jackson Township School District
  • Census Tract: 717400

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: TAX MAP 154
  • District: 12
  • Parcel: 12 15401-0000-00033
  • Block: 15401
  • Lot: 33
  • Municipality: JACKSON TWP
  • Latitude: 40.0947
  • Longitude: -74.3072

    Address

  • Full Address: 422 Butterfly Rd
  • Address - House Number: 422
  • Address - Street Name: Butterfly
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Jackson
  • Carrier Code: R004
  • 4-Digit Zip Code: 5140
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $817,232

    Appraisal Valuation

  • Standard Deviation: 0.0901
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 92
  • Final Value: 657,670
  • High Value: 716,966
  • Low Value: 598,375

    Market Valuation

  • Market Total Value: $323,400
  • Market Land Value: $116,300
  • Market Improvement Value: $207,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $323,400
  • Assessed Land Value: $116,300
  • Assessed Improvements Value: $207,100

    Sales

  • Current Sale Contract Date: Mar 15, 1996
  • Current Sale Recording Date: Mar 20, 1996
  • Current Sale Price:
    Premium
  • Current 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:

$499,900

Sale Price/ft²

$306

Above Asking

0.16%

Average Days on Market

73

Average Home Size

1582 ft²

Average Home Age

32.5 years

Currently For Sale

3093 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: Sondra Hurley Iannuzzi, Crossroads Realty Executive Office
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22407298
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 422 Butterfly Road built and last sold?
The property at 422 Butterfly Road was built in 1996 and last sold on Mar 15, 1996 for $167,500.
How much is this home worth?
The estimated value of the home located at 422 Butterfly Road is $653,720.
What are some comparable homes to 422 Butterfly Road?
There are currently no comparable homes to 422 Butterfly Road.
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