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Ocean 08527
628 Reed Road
$675,000
● House - Off Market

628 Reed Road

Jackson, NJ 08527
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
$579,477
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

WANT PRIVACY? Your peace & quiet awaits down a long winding paved driveway.  SIt back & relax on your covered wrap around maintenance free porch and enjoy this custom home w/2 acres.  This house offers updated kitchen w/granite counters*subway tile backsplash*recessed lights*pendant lights, two story great room w/double sliders to your trex deck & above ground pool to overlook your tranquil yard.  First floor main suite has full bathroom*WIC*sitting room(perfect work office, hobby area or nursery) plus sliders to your deck. 2 additional bedrooms upstairs w/new carpet that overlooks to the Great Room & addition full bathroom.  Let's not forget the amazing 13 course full unfinished basement. Crown moulding, hardwood floors, new roof and deck are some of the amazing features about this house!
Unit Size
-
Days on Market
-
Land Size
2.00 acres
Price per sqft
-
Property Type
House
Property Taxes
-
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 #22207673)

Price History

Date / Event Date Event Price
May 3, 2022 Sold
Premium
Sold
Mar 18, 2022 Listed by RE/MAX Realty 9 $575,000
Listed by RE/MAX Realty 9

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 1,593
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 87,120
  • Total Building Area: 2,011
  • Building Area: 2,011
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,011
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002000
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: 38

Neighborhood

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

Zoning

  • Zoning: R3

Geography

  • Assessors Map Reference: TAX MAP 35
  • District: 12
  • Parcel: 12 03503-0000-00037
  • Block: 3503
  • Lot: 37
  • Municipality: JACKSON TWP
  • Latitude: 40.1335
  • Longitude: -74.4043

    Address

  • Full Address: 628 Reed Rd
  • Address - House Number: 628
  • Address - Street Name: Reed
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Jackson
  • Carrier Code: R018
  • 4-Digit Zip Code: 4734
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $852,105

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 591,787
  • High Value: 706,295
  • Low Value: 477,278

    Market Valuation

  • Market Total Value: $337,200
  • Market Land Value: $152,000
  • Market Improvement Value: $185,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $337,200
  • Assessed Land Value: $152,000
  • Assessed Improvements Value: $185,200

    Sales

  • Current Sale Contract Date: Apr 25, 2022
  • Current Sale Recording Date: May 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 57074
  • Previous Sale Recording Date: Sep 24, 2003
  • Previous Sale Contract Date: Aug 01, 2003
  • Previous Sale Amount: $350,000
  • 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

Unit for rent at 940 Anderson Road, Jackson, NJ, 08527

$3,000 /mo

  • 3 Beds
  • 1 Bath
940 Anderson Road, Jackson, NJ, 08527 Listing by Barbara Cottrell

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Dale Serebnick, RE/MAX Realty 9
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22207673
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 628 Reed Road built and last sold?
The property at 628 Reed Road was built in 1985 and last sold on Apr 25, 2022 for $675,000.
How much is this home worth?
The estimated value of the home located at 628 Reed Road is $0.
What are some comparable homes to 628 Reed Road?
There are currently no comparable homes to 628 Reed Road.
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