129 SPRING HOUSE RD
About This Property
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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.
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 29, 2023 | Sold | ||
| Sold | |||
| May 28, 2023 | In contract | - | |
| In contract | |||
| May 19, 2023 | Listed by Long & Foster Real Estate, Inc. | $385,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
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This lovely maintained Split Level home is conveniently located near major transportation routes, Route 70 and 38, offering easy access to Philadelphia. The property features three bedrooms and two and a half bathrooms, providing comfortable living space for residents.
The kitchen is spacious and boasts a six-burner Viking gas stove top, known for its quality and performance. Additionally, the kitchen includes newer appliances, ensuring modern functionality and convenience.
Both the bathrooms and the kitchen have been recently renovated, enhancing their appearance and functionality. These updates bring a fresh and contemporary feel to these important areas of the home.
The family room is complemented by a wonderful sun-room, providing a tranquil space where occupants can relax and enjoy natural light.
In terms of energy efficiency, the seller has installed a Rheem high-efficiency water heater with a built-in EcoNet system, contributing to lower energy consumption and cost savings.
The HVAC system in the home is newer and also features a REME-Halo Air Purification system. This air purification system helps maintain a clean and healthy indoor environment by reducing airborne contaminants.
Furthermore, there are solar panels on the side and back of the roof, which are leased. These solar panels offer the potential for reduced energy costs and environmental benefits.
Overall, this well-maintained Split Level home offers desirable features, including updated bathrooms and kitchen, a sun-room, energy-efficient water heating, an air purification system, and solar panels. For more information about the Rheem water heater, please refer to the product description in the MLS documents.
Water softening & filtration system: The home is equipped with a water softening and filtration system, ensuring clean and purified water throughout the property.
Heated floors: The hallway bath and the kitchen feature heated floors, providing a cozy and comfortable experience during colder months. Built-in safe: The home has a safe built into the wall, offering a secure storage space for valuable items and important documents.
These additional features further enhance the home's comfort, convenience, and security.
There are trails in the neighborhood, a baseball field, and a civic association that plans family activities.
| |||
| Apr 8, 2013 | Sold | ||
| Sold | |||
| Aug 13, 2012 | Listed by Weichert Realtors - Moorestown | $229,000 | |
| Listed by Weichert Realtors - Moorestown | |||
Property Highlights
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About Cherry Hill Mall
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017