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Ocean 08527
496 Scotland Drive
$650,000
● House - Off Market

496 Scotland Drive

Jackson, NJ 08527
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,450 Ft²
$675,287
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Welcome to Old Mill Estates of Jackson. Center Hall Colonial featuring 4 generous sized bedrooms, 2.5 baths, 2 car garage, full basement ready for finishing, great sized private yard. Kitchen opens to large dinette w/ sliders to patio & open to large family room featuring decorative mantle fireplace. Set up nicely for entertaining. Also, whole house generator w/ 3 year maintenance contract. Solar panels are owned & can save you a lot on your utility bill. Looking for a growing family to enjoy & enhance it to their taste. Easy access to Rt. 195.
Unit Size
2,450 Ft²
Days on Market
71 days
Land Size
0.32 acres
Price per sqft
$261
Property Type
House
Property Taxes
$780
HOA Dues
-
Year Built
1994

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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: 11 months ago (MOMLS #22228755)

Price History

Date / Event Date Event Price
Nov 21, 2022 Sold
Premium
Sold
Sep 11, 2022 Listed by Gavin Agency $639,900
Listed by Gavin Agency

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 1,238
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,939
  • Total Building Area: 2,296
  • Building Area: 2,296
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,296
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000320
  • 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 15
  • District: 12
  • Parcel: 12 01504-0000-00002
  • Block: 1504
  • Lot: 2
  • Municipality: JACKSON TWP
  • Latitude: 40.1525
  • Longitude: -74.288

    Address

  • Full Address: 496 Scotland Dr
  • Address - House Number: 496
  • Address - Street Name: Scotland
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Jackson
  • Carrier Code: R017
  • 4-Digit Zip Code: 1173
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $948,405

    Appraisal Valuation

  • Standard Deviation: 0.2097
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 735,198
  • High Value: 889,435
  • Low Value: 580,961

    Market Valuation

  • Market Total Value: $377,700
  • Market Land Value: $103,200
  • Market Improvement Value: $274,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $377,700
  • Assessed Land Value: $103,200
  • Assessed Improvements Value: $274,500

    Sales

  • Current Sale Contract Date: Nov 21, 2022
  • Current Sale Recording Date: Nov 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 122152
  • Previous Sale Recording Date: Jul 19, 2001
  • Previous Sale Contract Date: Jul 03, 2001
  • Previous Sale Amount: $297,500
  • 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:

$499,900

Sale Price/ft²

$306

Above Asking

0.23%

Average Days on Market

74

Average Home Size

1584 ft²

Average Home Age

32.3 years

Currently For Sale

3002 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 2 Kathleen Drive, Jackson, NJ, 08527

$3,964 /mo

  • 1 Bed
  • 1 Bath
2 Kathleen Drive, Jackson, NJ, 08527 Listing by Sean F Quinn
Unit for rent at 31 Oakland Drive, Jackson, NJ, 08527

$4,000 /mo

  • 5 Beds
  • 3 Baths
  • 2,791 ft²
31 Oakland Drive, Jackson, NJ, 08527 Listing by Miriam Rubin-Feldheim

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Timothy Siciliano, Gavin Agency
Last Updated: 11 months ago
Data Source: MOMMLS, MLS# 22228755
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 496 Scotland Drive built and last sold?
The property at 496 Scotland Drive was built in 1994 and last sold on Nov 21, 2022 for $650,000.
How much is this home worth?
The estimated value of the home located at 496 Scotland Drive is $0.
What are some comparable homes to 496 Scotland Drive?
There are currently no comparable homes to 496 Scotland Drive.
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