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Ocean 08527
65 Redwood Place
$350,000
● House - Off Market

65 Redwood Place

Jackson, NJ 08527
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,128 Ft²
$377,027
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

THIS GREAT HOME AWAITS YOU!!  3 GENEROUSLY SIZEDBEDROOMS, SPACIOUS LIVING ROOM AND DINING ROOM W/FULL FINISHED BASEMENT ON A LARGE CORNER PROPERTY. HARDWOOD FLOORS IN LIVING ROOM DINING ROOM AND ALL BEDROOMS.  BRAND NEW ROOF ONLY 3 MONTHS OLD WITH NEW GUTTERS AND GUTTER GUARDS.  NEW SLIDING DOOR LEADING TO  BACKYARD AND ALL NEW FRONT, BACK AND BEDROOM DOORS.  LOTS OF POTENTIAL IN THIS HOME, COME TAKE A LOOK YOU WON'T BE DISAPPOINTED.
Unit Size
1,128 Ft²
Days on Market
-
Land Size
0.51 acres
Price per sqft
$297
Property Type
House
Property Taxes
$467
HOA Dues
-
Year Built
1958

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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 #22127038)

Price History

Date / Event Date Event Price
Oct 7, 2021 Sold
Premium
Sold
Aug 14, 2021 Listed by Coldwell Banker Realty $335,000
Listed by Coldwell Banker Realty

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 1,104
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,216
  • Total Building Area: 1,128
  • Building Area: 1,128
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,128
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000510
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Jackson Township School District
  • Census Tract: 717001

Zoning

  • Zoning: R20

Geography

  • Assessors Map Reference: TAX MAP 60
  • District: 12
  • Parcel: 12 06005-0000-00010
  • Block: 6005
  • Lot: 10
  • Municipality: JACKSON TWP
  • Latitude: 40.1434
  • Longitude: -74.2534

    Address

  • Full Address: 65 Redwood Pl
  • Address - House Number: 65
  • Address - Street Name: Redwood
  • Address - Suffix Type: Pl
  • State: NJ
  • City Name: Jackson
  • Carrier Code: C010
  • 4-Digit Zip Code: 1508
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $578,850

    Appraisal Valuation

  • Standard Deviation: 0.2136
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 471,162
  • High Value: 571,821
  • Low Value: 370,504

    Market Valuation

  • Market Total Value: $224,100
  • Market Land Value: $117,100
  • Market Improvement Value: $107,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $224,100
  • Assessed Land Value: $117,100
  • Assessed Improvements Value: $107,000

    Sales

  • Current Sale Contract Date: Oct 04, 2021
  • Current Sale Recording Date: Nov 26, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021168929
  • Previous Sale Recording Date: Nov 22, 2010
  • Previous Sale Contract Date: Nov 17, 2010
  • Previous Sale Amount: $223,000
  • 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

$304

Above Asking

0.19%

Average Days on Market

65

Average Home Size

1609 ft²

Average Home Age

24.6 years

Currently For Sale

3232 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

Rentals Near You

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MOMMLS

Listed by: Lucia Palmese, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22127038
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 65 Redwood Place built and last sold?
The property at 65 Redwood Place was built in 1958 and last sold on Oct 4, 2021 for $350,000.
How much is this home worth?
The estimated value of the home located at 65 Redwood Place is $0.
What are some comparable homes to 65 Redwood Place?
There are currently no comparable homes to 65 Redwood Place.
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