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Ocean 08527
50 Johnson Lane
$555,000
● House - Off Market

50 Johnson Lane

Jackson, NJ 08527
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,440 Ft²
$547,954
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

BEAUTY, WARMTH, VALUE! That is what you will find when you enter this BEAUTIFUL Move in Ready Home! Situated on 1.14 Acres at END of Cul-De-Sac and offers an Abundance of Privacy. Step inside to find Gorgeous Hardwood Flooring, Spacious Bedrooms, Living, Dining &Kitchen.  Main Bedroom on 1st Floor. Main Bath offers Calcutta Marble & Jacuzzi Tub, Upstairs leads you to 2 Additional Spacious Bedrooms & Another FULL Updated Bathroom. Stairs from Main Level Lead you to 6 ft  Crawl with Bilco Doors to Backyard. GREAT for xtra Storage. WAIT till you See the 24x24 Detached Garage!  Perfect for Car Enthusiast or Extra Space to Finish. Out Back is a  Beautiful Deck & HOT TUB INCLUDED!  You will LOVE all the Peace & Serenity Here. It will be a PLEASURE to show you this Beautiful Home in Country Setting.  CALL TODAY!
Unit Size
1,440 Ft²
Days on Market
-
Land Size
1.14 acres
Price per sqft
$382
Property Type
House
Property Taxes
$668
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: 3 years ago (MOMLS #22320058)

Price History

Date / Event Date Event Price
Oct 16, 2023 Sold
Premium
Sold
Jul 21, 2023 Listed by RE/MAX Realty 9 $550,000
Listed by RE/MAX Realty 9

Property Highlights

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: 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: 960
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 49,658
  • Total Building Area: 1,536
  • Building Area: 1,536
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,536
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001140
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

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

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: TAX MAP 122
  • District: 12
  • Parcel: 12 12201-0000-00015
  • Block: 12201
  • Lot: 15
  • Municipality: JACKSON TWP
  • Latitude: 40.1187
  • Longitude: -74.3139

    Address

  • Full Address: 50 Johnson Ln
  • Address - House Number: 50
  • Address - Street Name: Johnson
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Jackson
  • Carrier Code: R004
  • 4-Digit Zip Code: 4229
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $801,511

    Appraisal Valuation

  • Standard Deviation: 0.2093
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 580,072
  • High Value: 701,515
  • Low Value: 458,629

    Market Valuation

  • Market Total Value: $319,200
  • Market Land Value: $136,400
  • Market Improvement Value: $182,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $319,200
  • Assessed Land Value: $136,400
  • Assessed Improvements Value: $182,800

    Sales

  • Current Sale Contract Date: Oct 09, 2023
  • Current Sale Recording Date: Nov 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 89636
  • Previous Sale Recording Date: Jun 03, 1993
  • Previous Sale Contract Date: Jun 03, 1993
  • Previous Sale Document Type: 55
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 years

Currently For Sale

4344 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 31 Oakland Drive, Jackson, NJ, 08527

$4,000 /mo

  • 3 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: Larissa Colangelo, RE/MAX Realty 9
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22320058
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 50 Johnson Lane built and last sold?
The property at 50 Johnson Lane was built in 1988 and last sold on Oct 9, 2023 for $550,000.
How much is this home worth?
The estimated value of the home located at 50 Johnson Lane is $0.
What are some comparable homes to 50 Johnson Lane?
There are currently no comparable homes to 50 Johnson Lane.
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