$200,000
↑ $5K (2.6%)
●
Land -
For Sale
0 LAWRENCE CORNER ROAD
PITTSGROVE, NJ 08318
Studio
0 Bath
$1,211
Est. Monthly
$50
HOA / Fees
17.12%
Cap Rate
About This Property
Welcome to Deerwood Residential! This is a 10 lot subdivision with
2 building lots remaining. Build your dream home!
This development is surrounded by farms, preserved land, Centerton County Club and Running Deer Golf Clubs and local parks. Quick access to major highways and an easy commute to both Philadelphia and Delaware. . Pick your own builder and build the home you have always dreamed of! Don't miss the opportunity for new construction in this beautiful country setting. Wooded picture is of the general wooded area, not necessarily this particular lot. All information subject to errors and omissions. Buyer is responsible for any tests, approvals and certifications. The buyer must do their own due diligence.
This development is surrounded by farms, preserved land, Centerton County Club and Running Deer Golf Clubs and local parks. Quick access to major highways and an easy commute to both Philadelphia and Delaware. . Pick your own builder and build the home you have always dreamed of! Don't miss the opportunity for new construction in this beautiful country setting. Wooded picture is of the general wooded area, not necessarily this particular lot. All information subject to errors and omissions. Buyer is responsible for any tests, approvals and certifications. The buyer must do their own due diligence.
Unit Size
-
Days on Market
-
Land Size
3.24 acres
Price per sqft
-
Property Type
Land
Property Taxes
$178
HOA Dues
$50
Year Built
-
Listed By
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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: 4 months ago (Bright MLS #NJSA2016404)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 18, 2026 | Price Increased |
$200,000
↑ $5K
(2.6%) | |
| Price Increased | |||
| Jan 24, 2026 | Price Increased |
$195,000
↑ $20K
(11.4%) | |
| Price Increased | |||
| Jan 22, 2026 | Price Increased |
$175,000
↑ $15K
(9.4%) | |
| Price Increased | |||
| Nov 17, 2025 | Sold | ||
| Sold | |||
| Nov 4, 2025 | In contract | - | |
| In contract | |||
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Property Highlights
Exterior Details
Lot Size Area: 141134
Lot Size Units: Square Feet
Lot Size Acres: 3.24
Lot Size Square Feet: 141134
Lot Size Dimensions: 0.00 x 0.00
Tax Lot: 00011 04
Water Source: None
Financial Details
Tax Assessed Value: $50,600
Tax Annual Amount: $2,139
Utilities Details
Sewer : No Septic Approved, No Septic System
Location Details
HOA Fee: $600
HOA Fee Frequency: Annually
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Salem
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Listed by: Cheryl Lamantia
RE/MAX Preferred - Cherry Hill
Last Updated: 10 hours ago
Data Source: Bright MLS , MLS# NJSA2016404
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
RE/MAX Preferred - Cherry Hill
Last Updated: 10 hours ago
Data Source: Bright MLS , MLS# NJSA2016404
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