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Country Lake Estates 08015
1 Spring Terrace
$88,580
● House - Off Market

1 Spring Terrace

Browns Mills, NJ 08015
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,008 Ft²
$106,642
RealtyHop Estimate
42.19%
Since May 1, 2020
National-US
Primary Model

About This Property

Spacious ranch has large living/dining room, 3-season room, 3 bedrooms, a block from the lake. HUD Home. Equal Housing Opportunity. Sold ''AS IS'' by elec. bid only. Prop avail 2-14-2020. Bids due by 2-23-2020 11:59 PM Central Time then daily until sold. FHA Case #351-413426. Insured w Escrow Rpr. Eligible for FHA 203K.   No repairs allowed until after closing. Buyer to verify all info.  Repairs: Per PCR, plumbing does not hold pressure, inspect and repair as needed.

Roof inspection is recommended.

Other - Defective paint surfaces.

Other - Mold-like substance inspection is recommended. Remediate as needed.
Unit Size
1,008 Ft²
Days on Market
-
Land Size
-
Price per sqft
$74
Property Type
House
Property Taxes
$266
HOA Dues
-
Year Built
1958

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 3 years ago (MOMLS #22006287)

Price History

Date / Event Date Event Price
Apr 7, 2020 Sold
Premium
Sold
Feb 14, 2020 Listed by Williamson Realtors $75,000
Listed by Williamson Realtors

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,596
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,008
  • Building Area: 1,008
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COOUNTRY LAKES
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Pemberton Township School District
  • Census Tract: 702208

Geography

  • Assessors Map Reference: TAX MAP 47
  • District: 29
  • Parcel: 29 00620-0000-00004
  • Block: 620
  • Lot: 4
  • Municipality: PEMBERTON TWP
  • Latitude: 39.9458
  • Longitude: -74.5448

    Address

  • Full Address: 1 Spring Ter
  • Address - House Number: 1
  • Address - Street Name: Spring
  • Address - Suffix Type: Ter
  • State: NJ
  • City Name: Browns Mills
  • Carrier Code: R004
  • 4-Digit Zip Code: 6468
  • Zip Code: 08015

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $360,435

    Appraisal Valuation

  • Standard Deviation: 0.1713
  • Valuation Date: Jan 18, 2023
  • Confidence Score: 78
  • Final Value: 225,653
  • High Value: 264,322
  • Low Value: 186,984

    Market Valuation

  • Market Total Value: $135,400
  • Market Land Value: $38,000
  • Market Improvement Value: $97,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $135,400
  • Assessed Land Value: $38,000
  • Assessed Improvements Value: $97,400

    Sales

  • Current Sale Contract Date: Apr 03, 2020
  • Current Sale Recording Date: Apr 27, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 61
  • Current Sale Input Document Number: 5747163
  • Previous Sale Recording Date: May 12, 2020
  • Previous Sale Contract Date: Apr 03, 2020
  • Previous Sale Amount: $88,580
  • 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 Country Lake Estates

Stats & Trends

Median Asking:

$370,000

Sale Price/ft²

$222

Below Asking

0.01%

Average Days on Market

61

Average Home Size

1738 ft²

Average Home Age

52.9 years

Currently For Sale

21 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 20 Sepulga Drive, BROWNS MILLS, NJ, 08015

$3,000 /mo

  • 3 Beds
  • 1 Bath
  • 1,435 ft²
20 Sepulga Drive, BROWNS MILLS, NJ, 08015 Listing by Frank M Punzi Jr.
Unit for rent at 206 Montana Trail, Browns Mills, NJ, 08015

$2,850 /mo

  • 4 Beds
  • 2 Baths
  • 1,720 ft²
206 Montana Trail, Browns Mills, NJ, 08015 Listing by Yehuda Neustadt

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Keith D Williamson, Williamson Realtors
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22006287
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 1 Spring Terrace built and last sold?
The property at 1 Spring Terrace was built in 1958 and last sold on Apr 3, 2020 for $88,580.
How much is this home worth?
The estimated value of the home located at 1 Spring Terrace is $0.
What are some comparable homes to 1 Spring Terrace?
There are currently no comparable homes to 1 Spring Terrace.
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