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Ocean 08527
8 Francesca Lane
$441,000
● House - Off Market

8 Francesca Lane

Jackson, NJ 08527
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,150 Ft²
$664,106
RealtyHop Estimate
41.33%
Since Jun 1, 2020
National-US
Primary Model

About This Property

Large center hall colonial in The Vineyards with 3 car garage. Features: soaring vaulted ceiling in the family room, on a 1-acre level corner lot. 5th downstairs bedroom could also be used as a private office. Bonus room off master bedroom. Large unfinished basement with high 13-course ceilings can easily become recreation or work-out space.  Recently painted in neutral colors just waiting for your finishing touches. Easy access for commuters to 195 and other major access routes.
Unit Size
3,150 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$149
Property Type
House
Property Taxes
$1,047
HOA Dues
-
Year Built
2001

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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 #21941267)

Price History

Date / Event Date Event Price
May 6, 2020 Sold
Premium
Sold
Oct 9, 2019 Listed by 1-2-3 REALTORS $469,900
Listed by 1-2-3 REALTORS

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 1,492
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 3,139
  • Building Area: 3,139
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,139
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

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

Zoning

  • Zoning: R3

Geography

  • Assessors Map Reference: TAX MAP 158
  • District: 12
  • Parcel: 12 15803-0000-00001
  • Block: 15803
  • Lot: 1
  • Municipality: JACKSON TWP
  • Latitude: 40.1087
  • Longitude: -74.3295

    Address

  • Full Address: 8 Francesca Ln
  • Address - House Number: 8
  • Address - Street Name: Francesca
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Jackson
  • Carrier Code: R001
  • 4-Digit Zip Code: 4579
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,337,035

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 943,413
  • High Value: 1,125,960
  • Low Value: 760,867

    Market Valuation

  • Market Total Value: $529,100
  • Market Land Value: $141,900
  • Market Improvement Value: $387,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $529,100
  • Assessed Land Value: $141,900
  • Assessed Improvements Value: $387,200

    Sales

  • Current Sale Contract Date: Apr 28, 2020
  • Current Sale Recording Date: May 12, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2020048018
  • Previous Sale Recording Date: Apr 06, 2001
  • Previous Sale Contract Date: Mar 29, 2001
  • Previous Sale Amount: $274,228
  • 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

0.20%

Average Days on Market

66

Average Home Size

1602 ft²

Average Home Age

29.8 years

Currently For Sale

4664 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 15 Hummingbird Way, Jackson, NJ, 08527

$3,800 /mo

  • 3 Beds
  • 1 Bath
15 Hummingbird Way, Jackson, NJ, 08527 Listing by Avia Elharar
Unit for rent at 309 Mantoloking Drive, Jackson, NJ, 08527

$3,500 /mo

  • 3 Beds
  • 3 Baths
309 Mantoloking Drive, Jackson, NJ, 08527 Listing by Chaim Blau

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Jamie Mitchell, 1-2-3 REALTORS
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 21941267
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 8 Francesca Lane built and last sold?
The property at 8 Francesca Lane was built in 2001 and last sold on Apr 28, 2020 for $441,000.
How much is this home worth?
The estimated value of the home located at 8 Francesca Lane is $474,599.
What are some comparable homes to 8 Francesca Lane?
There are currently no comparable homes to 8 Francesca Lane.
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