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Ocean 08527
500 Chandler Road
$590,000
● House - Off Market

500 Chandler Road

Jackson, NJ 08527
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,686 Ft²
$3,718
Est. Monthly
6.86%
Cap Rate

About This Property

Charming 4 bedroom 2.5 bath colonial with 2 car garage in desirable north Jackson. Great floor plan with formal living room, dining room, kitchen, extended family room with sliders to deck and fireplace, and powder room on the 1st level. Kitchen was recently updated with new cabinets, tile flooring, and granite tops. 2nd floor offers 4 bedrooms including primary suite with 3 walk in closets, and full bath with shower and soaking tub. Exterior features oversized deck and 3 storage sheds on private lot that expands just shy of 1 acre. Great location, close to I195, local shopping, NYC transportation, and restaurants.
Unit Size
2,686 Ft²
Days on Market
-
Land Size
0.93 acres
Price per sqft
$223
Property Type
House
Property Taxes
$772
HOA Dues
-
Year Built
1985

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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 #22327643)

Price History

Date / Event Date Event Price
Mar 12, 2024 Sold
Premium
Sold
Oct 4, 2023 Listed by EXP Realty $599,900
Listed by EXP Realty

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • 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: 0
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,511
  • Total Building Area: 2,686
  • Building Area: 2,686
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,686
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000930
  • 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 9
  • District: 12
  • Parcel: 12 00902-0000-00004
  • Block: 902
  • Lot: 4
  • Municipality: JACKSON TWP
  • Latitude: 40.1665
  • Longitude: -74.2984

    Address

  • Full Address: 500 Chandler Rd
  • Address - House Number: 500
  • Address - Street Name: Chandler
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Jackson
  • Carrier Code: R013
  • 4-Digit Zip Code: 4328
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $926,810

    Appraisal Valuation

  • Standard Deviation: 0.2086
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 724,200
  • High Value: 875,289
  • Low Value: 573,111

    Market Valuation

  • Market Total Value: $369,100
  • Market Land Value: $111,900
  • Market Improvement Value: $257,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $369,100
  • Assessed Land Value: $111,900
  • Assessed Improvements Value: $257,200

    Sales

  • Current Sale Contract Date: Feb 24, 2024
  • Current Sale Recording Date: Mar 22, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 21281
  • Previous Sale Recording Date: Feb 26, 1993
  • Previous Sale Contract Date: Feb 26, 1993
  • Previous Sale Amount: $130,000
  • 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:

$499,000

Sale Price/ft²

$302

Above Asking

0.00%

Average Days on Market

65

Average Home Size

1591 ft²

Average Home Age

24.6 years

Currently For Sale

4247 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

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MOMMLS

Listed by: William R Hagan, EXP Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22327643
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 500 Chandler Road built and last sold?
The property at 500 Chandler Road was built in 1985 and last sold on Feb 24, 2024 for $582,500.
How much is this home worth?
The estimated value of the home located at 500 Chandler Road is $0.
What are some comparable homes to 500 Chandler Road?
There are currently no comparable homes to 500 Chandler Road.
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