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Ocean 08527
492 Burke Road
$610,000
● House - Off Market

492 Burke Road

Jackson, NJ 08527
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,664 Ft²
$3,903
Est. Monthly
6.66%
Cap Rate

About This Property

THIS IS A FABULOUS OPPORTUNITY TO OWN A SUPER SPACIOUS 4 BEDROOM COLONIAL WITH A FULL BASEMENT! Come add your own touches to make this home yours! This great home is set back nicely on an acre of property! The sizable kitchen has plenty of room for a large dinette set! The adjacent Formal Dining Rm provides more space for Holiday dinners & entertaining! The sprawling Family Rm features a wood burning fireplace & beautiful views of the backyard! A Formal Living Rm, half bath & laundry room are nicely situated on the main level! The garage has abundant storage space! The Primary Bedroom has a FULL Bathroom & W.I. closet! Three more Bedrms & a hall bath, including a walk-in tub, complete the 2nd level! Natural gas is at the street! Great location! This price gives you an amazing opportunity!
Unit Size
2,664 Ft²
Days on Market
120 days
Land Size
1.00 acres
Price per sqft
$232
Property Type
House
Property Taxes
$868
HOA Dues
-
Year Built
1988

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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 #22500093)

Price History

Date / Event Date Event Price
May 2, 2025 Sold
Premium
Sold
Jan 17, 2025 In contract -
In contract
Jan 2, 2025 Listed by Coldwell Banker Realty $618,000
Listed by Coldwell Banker Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Bedroom Count: 4
  • 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: 1,260
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 2,664
  • Building Area: 2,664
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,664
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Jackson Township School District
  • Census Tract: 717200

Zoning

  • Zoning: R3

Geography

  • Assessors Map Reference: TAX MAP 36
  • District: 12
  • Parcel: 12 03601-0000-00042
  • Block: 3601
  • Lot: 42
  • Municipality: JACKSON TWP
  • Latitude: 40.1397
  • Longitude: -74.3826

    Address

  • Full Address: 492 Burke Rd
  • Address - House Number: 492
  • Address - Street Name: Burke
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Jackson
  • Carrier Code: R009
  • 4-Digit Zip Code: 4821
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $985,530

    Appraisal Valuation

  • Standard Deviation: 0.0901
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 92
  • Final Value: 659,274
  • High Value: 718,714
  • Low Value: 599,834

    Market Valuation

  • Market Total Value: $390,000
  • Market Land Value: $112,200
  • Market Improvement Value: $277,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $390,000
  • Assessed Land Value: $112,200
  • Assessed Improvements Value: $277,800

    Sales

  • Current Sale Contract Date: Jul 08, 2005
  • Current Sale Recording Date: Jul 20, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2005129885
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

1597 ft²

Average Home Age

29.2 years

Currently For Sale

4406 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 6 Nancy Court, Jackson, NJ, 08527

$4,100 /mo

  • 4 Beds
  • 3 Baths
  • 2,692 ft²
6 Nancy Court, Jackson, NJ, 08527 Listing by Luke Graham

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Kevin Ward, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22500093
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 492 Burke Road built and last sold?
The property at 492 Burke Road was built in 1988 and last sold on Jul 8, 2005 for $405,000.
How much is this home worth?
The estimated value of the home located at 492 Burke Road is $638,921.
What are some comparable homes to 492 Burke Road?
There are currently no comparable homes to 492 Burke Road.
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