103 PIERSON DR
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 1, 2023 | Sold | ||
| Sold | |||
| Apr 6, 2023 | In contract | - | |
| In contract | |||
| Mar 26, 2023 | Listed by BHHS Fox & Roach - Princeton | $869,000 | |
| Listed by BHHS Fox & Roach - Princeton | |||
| Jul 15, 2020 | Sold | ||
| Sold | |||
| Feb 3, 2020 | Listed by Weidel Realtors-Pennington | $739,000 | |
| Listed by Weidel Realtors-Pennington | |||
| | |||
|
Nestled at the edge of Pennington Borough, flanked on two sides by protected woodlands woven through with the Pennington Loop Nature Trail, within strolling distance of downtown Pennington, and in the Toll Gate school district, this four-bed, 2.5-bath home built by Richard Potts is simply perfect. At the end of a brick walkway, step onto a covered porch deep enough for twin seating areas. The foyer with classic black and white checkerboard floor opens to a study on the right and a dining room on the left, both viewed through pairs of French doors. The spacious cooks kitchen has an abundance of counter space and a center island with seating, a window seat overlooking the backyard and bluestone patio, enough room for a generous dining table and an indoor/outdoor speaker system. The kitchen opens to a combined dining/family room, with gas fireplace with double French doors that lead to the rear patio. At the back of the first floor, a master bedroom suite with his-and-her walk-in closets, tray ceiling, oval soaking tub and glass shower, provide a peaceful respite complete with private access to a stone patio at the side of the home. Up two staircases are three bedrooms sharing a nice-sized hall bath. The bedroom above the garage, with its back staircase access, could be transformed into a more private residence for guests, students, in-laws or au pair. The home is filled throughout with the thoughtful accents that distinguish Potts work: high ceilings with crown moldings, built-in cabinetry and bookcases, a tray ceiling in the first-floor master suite, and an abundance of recessed lighting with multiple settings. There is ample storage in this home, including a clever space tucked beneath the front staircase, a walk-in attic, a second attic with pull-down stairs, and an unfinished partial basement accessible from the oversized two-car garage. Catering to the convenience sought by today's home buyer is the mud room entry, accessible from both the back yard and the garage. It is a convenient place to stash muddy shoes and sports gear, and give the dog a rinse in the shower next to the washer and dryer. Near major commuter routes and train stations, yet nestled in a peaceful, nature-filled corner of Pennington, this home offers the best of both worlds! New hardwood floors in the study and master bedroom, existing hardwood floors refinished. Freshly painted main floor, new lighting, new fence in rear and side yard.
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017