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Ocean 08527
5 Nebraska Drive
$540,000
● House - Off Market

5 Nebraska Drive

Jackson, NJ 08527
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,496 Ft²
$3,092
Est. Monthly
7.97%
Cap Rate

About This Property

Brookwood Bi-Level with 4 bedrooms, 1.5 baths, and 1 car garage. The open-concept living and dining areas are bathed in natural light, creating a warm and inviting atmosphere for gatherings or quiet evenings.  Four generously sized bedrooms provide ample space for relaxation and personalization. Perfect for accommodating a growing family or creating dedicated work-from-home spaces. Deck off dining room for private backyard retreat, ideal for summer barbecues, gardening, or simply unwinding after a busy day. Check this listing out Today!!!
Unit Size
1,496 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$351
Property Type
House
Property Taxes
$513
HOA Dues
-
Year Built
1965

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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 #22402704)

Price History

Date / Event Date Event Price
Apr 17, 2024 Sold
Premium
Sold
Feb 1, 2024 Listed by Keller Williams Realty Monmouth/Ocean $525,000
Listed by Keller Williams Realty Monmouth/Ocean

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 12
  • 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: 0
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,326
  • Total Building Area: 1,496
  • Building Area: 1,496
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,496
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000260
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Jackson Township School District
  • Census Tract: 717001

Zoning

  • Zoning: R15

Geography

  • Assessors Map Reference: TAX MAP 61
  • District: 12
  • Parcel: 12 06109-0000-00005
  • Block: 6109
  • Lot: 5
  • Municipality: JACKSON TWP
  • Latitude: 40.1384
  • Longitude: -74.2508

    Address

  • Full Address: 5 Nebraska Dr
  • Address - House Number: 5
  • Address - Street Name: Nebraska
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Jackson
  • Carrier Code: C004
  • 4-Digit Zip Code: 1517
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $615,788

    Appraisal Valuation

  • Standard Deviation: 0.0901
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 92
  • Final Value: 522,300
  • High Value: 569,391
  • Low Value: 475,209

    Market Valuation

  • Market Total Value: $238,400
  • Market Land Value: $114,600
  • Market Improvement Value: $123,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $238,400
  • Assessed Land Value: $114,600
  • Assessed Improvements Value: $123,800
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

1599 ft²

Average Home Age

29.2 years

Currently For Sale

4384 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

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Lawrence McCown, Keller Williams Realty Monmouth/Ocean
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22402704
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 5 Nebraska Drive built and last sold?
The property at 5 Nebraska Drive was built in 1965 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 5 Nebraska Drive is $529,539.
What are some comparable homes to 5 Nebraska Drive?
There are currently no comparable homes to 5 Nebraska Drive.
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