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Ocean 08527
5 River Edge Drive
$435,000
● House - Off Market

5 River Edge Drive

Jackson, NJ 08527
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
$875,154
RealtyHop Estimate
94.91%
Since Aug 1, 2013
National-US
Primary Model

About This Property

A beautiful Colonial on 1 acre of property.Across from the lake, Enjoy a serene setting on your wrap around porch. Maincured grounds with above ground pool & deck.An in ground sprinkler system. Home features 3 Bdrms,2f/bath,1h/bath.A possible 4th bedroom in the walk-out basment.Open floor plan with eat-in-kitchen,LR,DR and foyer.Bright light makes the home warm and inviting.Close to RT 9,195,schools,shopping and transportation.Come relax and enjoy life. It's a home to make your own.
Unit Size
-
Days on Market
-
Land Size
1.04 acres
Price per sqft
-
Property Type
House
Property Taxes
$689
HOA Dues
-
Year Built
1999

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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 #21315148)

Price History

Date / Event Date Event Price
Jul 30, 2013 Sold
Premium
Sold
May 2, 2013 Listed by Heritage House Sotheby's International Realty $449,000
Listed by Heritage House Sotheby's International Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Bedroom Count: 3
  • 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: 988
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 45,302
  • Total Building Area: 1,972
  • Building Area: 1,972
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,972
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001040
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Jackson Township School District
  • Census Tract: 717101

Zoning

  • Zoning: R3

Geography

  • Assessors Map Reference: TAX MAP 11
  • District: 12
  • Parcel: 12 01101-0000-00020
  • Block: 1101
  • Lot: 20
  • Municipality: JACKSON TWP
  • Latitude: 40.1587
  • Longitude: -74.2607

    Address

  • Full Address: 5 River Edge Dr
  • Address - House Number: 5
  • Address - Street Name: River Edge
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Jackson
  • Carrier Code: R013
  • 4-Digit Zip Code: 1381
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,084,860

    Appraisal Valuation

  • Standard Deviation: 0.1891
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 843,446
  • High Value: 1,002,948
  • Low Value: 683,944

    Market Valuation

  • Market Total Value: $420,000
  • Market Land Value: $170,400
  • Market Improvement Value: $249,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $420,000
  • Assessed Land Value: $170,400
  • Assessed Improvements Value: $249,600

    Sales

  • Current Sale Contract Date: Jul 30, 2013
  • Current Sale Recording Date: Aug 06, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2013085296
  • Previous Sale Recording Date: Feb 18, 2005
  • Previous Sale Contract Date: Feb 11, 2005
  • Previous Sale Amount: $450,000
  • 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

0.16%

Average Days on Market

73

Average Home Size

1578 ft²

Average Home Age

32.4 years

Currently For Sale

3049 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 43 Frederick Avenue, Howell, NJ, 07731

$3,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,560 ft²
43 Frederick Avenue, Howell, NJ, 07731 Listing by Natalie Pantelo

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Dianna Olson, Heritage House Sotheby's International Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21315148
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 River Edge Drive built and last sold?
The property at 5 River Edge Drive was built in 1999 and last sold on Jul 30, 2013 for $435,000.
How much is this home worth?
The estimated value of the home located at 5 River Edge Drive is $453,490.
What are some comparable homes to 5 River Edge Drive?
There are currently no comparable homes to 5 River Edge Drive.
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