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Ocean 08527
622 Pine Street
$560,000
● House - Off Market

622 Pine Street

Jackson, NJ 08527
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,396 Ft²
$2,838
Est. Monthly
6.86%
Cap Rate

About This Property

You will fall in LOVE with this spacious 3 bedroom on a beautiful almost 2 acre lot.  It is your own private paradise on a quiet tree lined street.  Beautiful fenced yard with saltwater pool, paver patio with fireplace, tree house and shed PLUS a paddock for your favorite 4 legged family members.  Nice sized living/kitchen area with wood burning stove, large mudroom and a spacious living room with vaulted ceilings, built in bar and wood burning stove plus an oversized 2 car garage with home office.  This is a must see.  You won't find another property in this area at this price with all that this one has to offer.
Unit Size
2,396 Ft²
Days on Market
72 days
Land Size
1.86 acres
Price per sqft
$187
Property Type
House
Property Taxes
$633
HOA Dues
-
Year Built
1969

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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 #22332043)

Price History

Date / Event Date Event Price
Jan 29, 2024 Sold
Premium
Sold
Nov 18, 2023 Listed by Seaside Heights Realty Inc. $449,000
Listed by Seaside Heights Realty Inc.

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Bedroom Count: 3
  • 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: 0
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 81,022
  • Total Building Area: 1,772
  • Building Area: 1,772
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,772
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001860
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

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

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: TAX MAP 114
  • District: 12
  • Parcel: 12 11404-0000-00100
  • Block: 11404
  • Lot: 100
  • Municipality: JACKSON TWP
  • Latitude: 40.1226
  • Longitude: -74.3981

    Address

  • Full Address: 622 Pine St
  • Address - House Number: 622
  • Address - Street Name: Pine
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Jackson
  • Carrier Code: R018
  • 4-Digit Zip Code: 4746
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $879,901

    Appraisal Valuation

  • Standard Deviation: 0.2099
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 545,033
  • High Value: 659,442
  • Low Value: 430,624

    Market Valuation

  • Market Total Value: $348,200
  • Market Land Value: $127,200
  • Market Improvement Value: $221,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $348,200
  • Assessed Land Value: $127,200
  • Assessed Improvements Value: $221,000

    Sales

  • Current Sale Contract Date: Jan 17, 2024
  • Current Sale Recording Date: Jan 24, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 5728
  • Previous Sale Recording Date: Dec 12, 2000
  • Previous Sale Contract Date: Dec 05, 2000
  • Previous Sale Amount: $86,000
  • 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

0.23%

Average Days on Market

74

Average Home Size

1588 ft²

Average Home Age

35.2 years

Currently For Sale

3033 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 8 Riccis Drive, Jackson, NJ, 08527

$3,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,235 ft²
8 Riccis Drive, Jackson, NJ, 08527 Listing by Michael Obertlik
Unit for rent at 370 Cassville Road, Jackson, NJ, 08527

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,440 ft²
370 Cassville Road, Jackson, NJ, 08527 Listing by Troy E Davis

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Betty Meseroll, Seaside Heights Realty Inc.
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22332043
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 622 Pine Street built and last sold?
The property at 622 Pine Street was built in 1969 and last sold on Jan 17, 2024 for $560,000.
How much is this home worth?
The estimated value of the home located at 622 Pine Street is $0.
What are some comparable homes to 622 Pine Street?
There are currently no comparable homes to 622 Pine Street.
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