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Ocean 08527
9 Rhode Island Drive
$615,000
● House - Off Market

9 Rhode Island Drive

Jackson, NJ 08527
bedrooms
4 Beds
bathrooms
2 Baths
$3,731
Est. Monthly
7.32%
Cap Rate

About This Property

Welcome to this 4 bedroom Brookwood split level with 2 full bathrooms awaiting its new owner. Updated kitchen with glass quartz backsplash and stainless steel appliances. Dining area right off kitchen. Hardwood flooring. Lower level w/separate versatile bedrm/office and tiled flooring.  Plenty of storage off of foyer in crawl space. Fenced in yard w/shed.  Major updates include newer windows, newer roof with solar panels included, newer furnace and A/C.
Unit Size
-
Days on Market
67 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$564
HOA Dues
-
Year Built
1962

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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 #22505907)

Price History

Date / Event Date Event Price
May 13, 2025 Sold
Premium
Sold
Apr 11, 2025 In contract -
In contract
Mar 22, 2025 Price Decreased $645,000
↓ $15K (2.3%)
Price Decreased
Mar 14, 2025 Price Decreased $660,000
↓ $25K (3.7%)
Price Decreased
Mar 2, 2025 Listed by Keller Williams Realty Spring Lake $685,000
Listed by Keller Williams Realty Spring Lake

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 12
  • 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: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,454
  • Total Building Area: 1,522
  • Building Area: 1,522
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,522
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BROOKWOOD SECTION 4A
  • Land Acres: 0000000240
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

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

Zoning

  • Zoning: R15

Geography

  • Assessors Map Reference: TAX MAP 60
  • District: 12
  • Parcel: 12 06001-0000-00016
  • Block: 6001
  • Lot: 16
  • Municipality: JACKSON TWP
  • Latitude: 40.1436
  • Longitude: -74.2605

    Address

  • Full Address: 9 Rhode Island Dr
  • Address - House Number: 9
  • Address - Street Name: Rhode Island
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Jackson
  • Carrier Code: C005
  • 4-Digit Zip Code: 1412
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $638,001

    Appraisal Valuation

  • Standard Deviation: 0.2093
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 515,770
  • High Value: 623,751
  • Low Value: 407,789

    Market Valuation

  • Market Total Value: $247,000
  • Market Land Value: $114,400
  • Market Improvement Value: $132,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $247,000
  • Assessed Land Value: $114,400
  • Assessed Improvements Value: $132,600

    Sales

  • Current Sale Contract Date: Jul 21, 2003
  • Current Sale Recording Date: Jul 31, 2003
  • Current Sale Price:
    Premium
  • Current 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

0.00%

Average Days on Market

65

Average Home Size

1596 ft²

Average Home Age

26.7 years

Currently For Sale

4272 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: Colleen Newman, Keller Williams Realty Spring Lake
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22505907
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 9 Rhode Island Drive built and last sold?
The property at 9 Rhode Island Drive was built in 1962 and last sold on Jul 21, 2003 for $240,000.
How much is this home worth?
The estimated value of the home located at 9 Rhode Island Drive is $0.
What are some comparable homes to 9 Rhode Island Drive?
There are currently no comparable homes to 9 Rhode Island Drive.
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