11 ELBOW LN
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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%.
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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.
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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 |
|---|---|---|---|
| Jul 26, 2024 | Sold | ||
| Sold | |||
| Jun 27, 2024 | In contract | - | |
| In contract | |||
| Jun 21, 2024 | Listed by Keller Williams Realty - Cherry Hill | $480,000 | |
| Listed by Keller Williams Realty - Cherry Hill | |||
| Dec 7, 2023 | No longer available | - | |
| No longer available | |||
| Dec 1, 2023 | Listed by Keller Williams Realty - Cherry Hill | $480,000 | |
| Listed by Keller Williams Realty - Cherry Hill | |||
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*Multiple Offers Received, No more showings after Monday 12/4, "Highest and Best" offers due by Tuesday 12/5 at 12:00 pm - Beautifully updated 4-bedroom 2.5-bath home nestled on a cul-de-sac in desirable Old Orchard neighborhood of Cherry Hill. A sunlit foyer with gorgeous staircase and hardwood floors greets you as you enter the home. The wood floors extend through the spacious living and dining rooms to the right of the foyer. The eat-in kitchen was updated 5 years ago and features luxury vinyl plank flooring, granite countertops, plenty of white cabinetry and upgraded appliances. The kitchen opens to a cozy family room with wood-burning fireplace and access to the back yard. Also conveniently located on the first level are a powder room and office with access to the 2-car garage. Upstairs are the large primary bedroom with attached full bathroom and 3 spacious bedrooms with hardwood floors and a full bathroom off the hallway. Located in the full basement, complete with a French drain and sump pump, are laundry and storage areas and plenty of potential for additional living space. The icing on the cake of this Cherry Hill gem is the beautiful deck and deep lot that backs to the middle school. The roof is newer (2014/15). HVAC was replaced in 2012, Electrical service has been updated to 200 amp. This home even has an electric vehicle charging station in the garage! All you have to do is move in! Conveniently located to major highways including Routes 70 & 73, I-295 and the NJ Turnpike, less than 5 miles to the Patco Speedline Station. Dozens of shopping, dining and recreational options within a few miles, plus those highly rated Cherry Hill schools! Schedule your tour today. The manager has listed the unit size as 2142 square feet.
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About Greentree
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017