1220 PARK BLVD
About This Property
Welcome to 1220 Park Boulevard, where luxury meets location!
This meticulously renovated and designed ranch-style home sits on an over-sized lot (.48 acres) in the desirable Erlton neighborhood of Cherry Hill, overlooking Pennypacker Park and the Cooper River. The home is set back from the street, providing plenty of privacy and a long driveway up to the house. Upon entering, you are greeted by the open feel of the foyer and living area, which wonderfully lends itself to plenty of space to entertain guests or cozy up to the fireplace on a cool night. The updated chef's kitchen includes a large island, newer appliances, a farmhouse sink, soft close cabinetry with plenty of storage, and quartz and wood countertops. Adjacent to the kitchen, you will find barn-style doors that lead to a walk-in pantry/beverage station equipped with a wine refrigerator. Continuing down the hallway, you will find an additional nook perfect for a dining or sitting area, a temperature-controlled wine room, a half bathroom, a laundry room, as well as access to the 2-car garage and the large backyard. On the other side of the living room, is the hallway that leads to two bedrooms, both with plenty of closet space, a full bath, and the most elegant Primary Suite, which includes a dressing area with custom closets, a full bathroom, featuring Restoration Hardware finishes, a walk-in tiled shower, quartz-top vanity, and double sinks. This property has been professionally landscaped and features custom walkways and an outdoor entertainment space that is just steps away from the oversized 12 X 20 climate-controlled outbuilding, perfect for a home office, art studio, guest suite, gym/yoga space, or just a place to watch the game. Downtown Haddonfield is a short walk/bike ride via the multi-use trails of the park, as well as being minutes away from plenty of shopping. Also quick access to Philadelphia via the High Speed Line or a short drive.
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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%.
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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.
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 |
|---|---|---|---|
| Sep 1, 2023 | Sold | ||
| Sold | |||
| Jun 25, 2023 | In contract | - | |
| In contract | |||
| May 31, 2023 | Listed by Keller Williams - Main Street | $725,000 | |
| Listed by Keller Williams - Main Street | |||
| Jun 10, 2019 | Sold | ||
| Sold | |||
| Apr 24, 2019 | Listed by Your Town Realty | $560,000 | |
| Listed by Your Town Realty | |||
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Welcome To 1220 Park Blvd. Cherry Hill, N.J.This beautiful custom ranch style home located in the desirable Erlton section of Cherry Hill was originally built in 1955. Every detail, has been meticulously renovated creating one of the finest designer homes in the area. The home features 3 full bedrooms, 2 and one half newly renovated baths. The large Master Suite addition includes a walk in closet/dressing area and large Master Bath with oversized shower, twin sinks and make up area. The new kitchen includes new appliances, new soft close cabinetry with plenty of storage, quartz and wood counter tops and beautiful new hardwood flooring. The property has been professionally landscaped and features custom walkways and outdoor entertainment space that is just steps away from the oversized 12 X 20 Man Cave that can be used as an office, gym or just a place to watch the game. The property features many new windows, new doors, new gas heating unit, new central air conditioning and new tank less hot water heater. The lot is an oversized .48 acre lot facing the river and is walking distance to downtown Haddonfield as well as parks and recreation. Shopping is only minutes away. Philadelphia is easily accessed via the High Speed Line or a short drive.
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About Camden
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017