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Ocean 08527
61 Cassville Road
$210,000
● Commercial - Off Market

61 Cassville Road

Jackson, NJ 08527
bedrooms
Studio
bathrooms
0 Bath
$243,370
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

Zoned Neighborhood Commercial (NC), prime visibility on route 571 in Jackson, NJ, the possibilities are endless! Bring your business to this almost three quarter of an acre property OR live where you work! This home has 2 bedrooms, 1 bath, and a full basement. The sale includes two lots with two separate lot/blocks and tax ID's. Total acreage between the two lots is .71. Home is in need of TLC. Buyer is responsible for obtaining the CO. This is being sold strictly as-is.
Unit Size
-
Days on Market
-
Land Size
0.48 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$391
HOA Dues
-
Year Built
1948

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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 #22121820)

Price History

Date / Event Date Event Price
Jan 31, 2022 Sold
Premium
Sold
Jul 5, 2021 Listed by Keller Williams Princeton R.E. $225,000
Listed by Keller Williams Princeton R.E.

Property Highlights

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Bedroom Count: 0
  • 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: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 970
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,909
  • Total Building Area: 970
  • Building Area: 970
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 970
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000480
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Jackson Township School District
  • Census Tract: 717300

Zoning

  • Zoning: NC

Geography

  • Assessors Map Reference: TAX MAP 116
  • District: 12
  • Parcel: 12 11602-0000-00073
  • Block: 11602
  • Lot: 73
  • Municipality: JACKSON TWP
  • Latitude: 40.1082
  • Longitude: -74.3874

    Address

  • Full Address: 61 Cassville Rd
  • Address - House Number: 61
  • Address - Street Name: Cassville
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Jackson
  • Carrier Code: R018
  • 4-Digit Zip Code: 4710
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $480,636

    Appraisal Valuation

  • Standard Deviation: 0.2145
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 351,703
  • High Value: 427,157
  • Low Value: 276,249

    Market Valuation

  • Market Total Value: $190,200
  • Market Land Value: $98,800
  • Market Improvement Value: $91,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $190,200
  • Assessed Land Value: $98,800
  • Assessed Improvements Value: $91,400

    Sales

  • Current Sale Contract Date: Sep 14, 2021
  • Current Sale Recording Date: Feb 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 13991
  • Previous Sale Recording Date: Aug 23, 1988
  • Previous Sale Contract Date: Aug 23, 1988
  • Previous Sale Amount: $100
  • 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

0.00%

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

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MOMMLS

Listed by: Elizabeth L McGillan, Keller Williams Princeton R.E.
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22121820
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 61 Cassville Road built and last sold?
The property at 61 Cassville Road was built in 1948 and last sold on Sep 14, 2021 for $210,000.
How much is this home worth?
The estimated value of the home located at 61 Cassville Road is $227,250.
What are some comparable homes to 61 Cassville Road?
There are currently no comparable homes to 61 Cassville Road.
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