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Ocean 08527
983 Toms River Road
$320,000
● House - Off Market

983 Toms River Road

Jackson, NJ 08527
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
$376,521
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

Nature Lovers! Welcome to this Private Home that Backs to the Woods & Features an In Ground Pool. Upstairs you will Find the Large Living Room, Dining Room, & Kitchen. There are also 3 Bedrooms & a Full Bath on the Upper Level. Hardwood Floors are on the First Floor Under all the Carpet. Downstairs you will Find the Spacious 4th Bedroom, Half Bath, Laundry Room & Family Room w/ a Brick Front Wood Burning Fireplace. Sliding Doors off the Family Room Give you Easy Access to the Private & Peaceful Backyard. Relax and Entertain at the Patio and In Ground Pool. Home Needs Some Updating and TLC. Come Make this Home your Own! Adjacent Lot (mls  22117179) is also for Sale. Perfect for Expanding or Those that Need Extra Space for their Business
Unit Size
-
Days on Market
-
Land Size
0.69 acres
Price per sqft
-
Property Type
House
Property Taxes
$440
HOA Dues
-
Year Built
1988

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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 #22117190)

Price History

Date / Event Date Event Price
Aug 10, 2021 Sold
Premium
Sold
Jun 1, 2021 Listed by NextHome Force Premier Realty $329,000
Listed by NextHome Force Premier Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 30,056
  • Total Building Area: 1,472
  • Building Area: 1,472
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,472
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000690
  • 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 189
  • District: 12
  • Parcel: 12 18902-0000-00037
  • Block: 18902
  • Lot: 37
  • Municipality: JACKSON TWP
  • Latitude: 40.0546
  • Longitude: -74.3453

    Address

  • Full Address: 983 Toms River Rd
  • Address - House Number: 983
  • Address - Street Name: Toms River
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Jackson
  • Carrier Code: R021
  • 4-Digit Zip Code: 5239
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $540,272

    Appraisal Valuation

  • Standard Deviation: 0.153
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 81
  • Final Value: 445,787
  • High Value: 514,028
  • Low Value: 377,545

    Market Valuation

  • Market Total Value: $213,800
  • Market Land Value: $93,100
  • Market Improvement Value: $120,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $213,800
  • Assessed Land Value: $93,100
  • Assessed Improvements Value: $120,700

    Sales

  • Current Sale Contract Date: Aug 09, 2021
  • Current Sale Recording Date: Aug 12, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 118493
  • Previous Sale Recording Date: Jan 23, 1991
  • Previous Sale Contract Date: Jan 23, 1991
  • 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:

$499,900

Sale Price/ft²

$306

Above Asking

0.23%

Average Days on Market

74

Average Home Size

1586 ft²

Average Home Age

35.2 years

Currently For Sale

3027 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: Michelle Garagiola, NextHome Force Premier Realty
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22117190
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 983 Toms River Road built and last sold?
The property at 983 Toms River Road was built in 1988 and last sold on Aug 9, 2021 for $360,000.
How much is this home worth?
The estimated value of the home located at 983 Toms River Road is $332,290.
What are some comparable homes to 983 Toms River Road?
There are currently no comparable homes to 983 Toms River Road.
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