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Ocean 08527
6 Iris Drive
$340,000
● House - Off Market

6 Iris Drive

Jackson, NJ 08527
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,694 Ft²
$531,137
RealtyHop Estimate
69.75%
Since Jul 1, 2016
National-US
Primary Model

About This Property

BEAUTIFULLY WELL KEPT HOME WITH GORGEOUS RESORT LIKE BACK YARD WITH NEW TREC DECK, PATIO, ABOVE GROUND POOL, AND HOT TUB.  THIS BI-LEVEL WITH 4 BEDROOMS 1 1/2 BATHS 1 CAR GARAGE IS MOVE IN  READY FOR YOU.  HARDWOOD FLOORS THROUGHOUT ENTIRE 2ND FLOOR.  NEWER FULL BATH, ROOF, HEATING UNIT, WATER HEATER, CENTRAL AIR, DECK, PATIO AND ELECTRICAL PANEL.  HOME EQUIPPED WITH BRAND NEW SOLAR PANELS.  ELECTRIC BILLS ARE CURRENTLY $1.92 A MONTH.  SOLAR PANELS ARE OWNED W/ TRANSFERABLE SREC PAID EVERY QUARTER FOR 15 YEARS.
Unit Size
1,694 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$185
Property Type
House
Property Taxes
$451
HOA Dues
-
Year Built
1960

Payment Calculator

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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 #21611706)

Price History

Date / Event Date Event Price
Jun 6, 2016 Sold
Premium
Sold
Mar 28, 2016 Listed by Coldwell Banker Realty $312,900
Listed by Coldwell Banker Realty

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 40
  • 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: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,038
  • Total Building Area: 1,694
  • Building Area: 1,694
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,694
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000460
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Jackson Township School District
  • Census Tract: 717002

Zoning

  • Zoning: R9

Geography

  • Assessors Map Reference: TAX MAP 73
  • District: 12
  • Parcel: 12 07308-0000-00010
  • Block: 7308
  • Lot: 10
  • Municipality: JACKSON TWP
  • Latitude: 40.1213
  • Longitude: -74.2549

    Address

  • Full Address: 6 Iris Dr
  • Address - House Number: 6
  • Address - Street Name: Iris
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Jackson
  • Carrier Code: C006
  • 4-Digit Zip Code: 2007
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $618,629
  • Initial Tax Delinquent Year: 2017

    Appraisal Valuation

  • Standard Deviation: 0.2093
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 547,194
  • High Value: 661,754
  • Low Value: 432,635

    Market Valuation

  • Market Total Value: $239,500
  • Market Land Value: $114,600
  • Market Improvement Value: $124,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $239,500
  • Assessed Land Value: $114,600
  • Assessed Improvements Value: $124,900

    Sales

  • Current Sale Contract Date: Feb 06, 2023
  • Current Sale Recording Date: Mar 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 20991
  • Previous Sale Recording Date: Jun 09, 2016
  • Previous Sale Contract Date: Jun 06, 2016
  • Previous Sale Amount: $340,000
  • 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

$303

Above Asking

0.20%

Average Days on Market

66

Average Home Size

1602 ft²

Average Home Age

29.8 years

Currently For Sale

4664 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 140 Cannonball Drive, Howell, NJ, 07731

$4,300 /mo

  • 4 Beds
  • 2 Baths
  • 1,714 ft²
140 Cannonball Drive, Howell, NJ, 07731 Listing by Isaac Nussbaum

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Lucia Palmese, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21611706
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 6 Iris Drive built and last sold?
The property at 6 Iris Drive was built in 1960 and last sold on Feb 6, 2023 for $10,000.
How much is this home worth?
The estimated value of the home located at 6 Iris Drive is $0.
What are some comparable homes to 6 Iris Drive?
There are currently no comparable homes to 6 Iris Drive.
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