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Ocean 08527
789 Toms River Road
$490,000
● House - Off Market

789 Toms River Road

Jackson, NJ 08527
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,828 Ft²
$3,160
Est. Monthly
8.00%
Cap Rate

About This Property

First time offered in 51 years. This parcel of land has loads of potential. Sitting on just over 2 acres, you will finally have the room for that garden you dream of and/or the animals you've been wanting. The bilevel offers potential Mother/Daughter living for multi generational living with the upstairs/downstairs setup. Upstairs you will find a living room, dining room, kitchen, 3 bedrooms and full bath. Downstairs has a bedroom, family room, laundry room, full bath and the addition was once a billiard room that you can turn into whatever you desire. Interior access to the garage is from the laundry room too. The house needs some updating so you have the opportunity to create your touches for your liking, without a development setting, no nosey neighbors to create  your own oasis.
Unit Size
1,828 Ft²
Days on Market
-
Land Size
2.19 acres
Price per sqft
$293
Property Type
House
Property Taxes
$533
HOA Dues
-
Year Built
1970

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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 #22410472)

Price History

Date / Event Date Event Price
Dec 18, 2024 Sold
Premium
Sold
Nov 22, 2024 In contract -
In contract
Oct 18, 2024 Price Decreased $534,900
↓ $5K (0.9%)
Price Decreased
Jul 9, 2024 Price Decreased $539,900
↓ $20K (3.6%)
Price Decreased
Jun 19, 2024 Price Decreased $559,900
↓ $15K (2.6%)
Price Decreased
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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: 95,396
  • Total Building Area: 1,828
  • Building Area: 1,828
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,828
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002190
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Jackson Township School District
  • Census Tract: 717400

Zoning

  • Zoning: PV

Geography

  • Assessors Map Reference: TAX MAP 187
  • District: 12
  • Parcel: 12 18701-0000-00040
  • Block: 18701
  • Lot: 40
  • Municipality: JACKSON TWP
  • Latitude: 40.063
  • Longitude: -74.3576

    Address

  • Full Address: 789 Toms River Rd
  • Address - House Number: 789
  • Address - Street Name: Toms River
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Jackson
  • Carrier Code: R021
  • 4-Digit Zip Code: 5235
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $626,444

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 534,004
  • High Value: 637,332
  • Low Value: 430,676

    Market Valuation

  • Market Total Value: $247,900
  • Market Land Value: $99,900
  • Market Improvement Value: $148,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $247,900
  • Assessed Land Value: $99,900
  • Assessed Improvements Value: $148,000
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

0.19%

Average Days on Market

65

Average Home Size

1602 ft²

Average Home Age

29.8 years

Currently For Sale

4635 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: Michele DeVito, Keller Williams Atlantic Shore
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22410472
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 789 Toms River Road built and last sold?
The property at 789 Toms River Road was built in 1970 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 789 Toms River Road is $0.
What are some comparable homes to 789 Toms River Road?
There are currently no comparable homes to 789 Toms River Road.
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