1421 CHESTNUT AVE
About This Property
As you approach the property, you'll be greeted by a beautifully landscaped front yard. Step inside and you'll discover a thoughtfully designed interior that combines functionality with a touch of elegance.
The main level features a spacious living room, adorned with large windows that allow an abundance of natural light to fill the space, creating a warm and inviting atmosphere. The open floor plan seamlessly connects the living room to the dining area, providing an ideal space for entertaining guests or enjoying family meals.
The kitchen, located adjacent to the dining area, boasts modern appliances, ample counter space, and plenty of storage, making it a practical and efficient workspace for culinary enthusiasts.
The property offers three comfortable bedrooms, each designed with comfort and privacy in mind. The primary bedroom features a spacious layout and large windows, providing a serene retreat at the end of a long day. The additional bedrooms are perfect for children, guests, or a home office, accommodating various needs and preferences. The lower level offers additional living space. Connected to the lower level is the spacious enclosed sunroom, featuring a ductless has fireplace. From here you can access the backyard, a private oasis that offers opportunities for outdoor relaxation and/or gardening. Equipped with an above ground pool and 2 large sheds, this space is great for entertaining.
Other notable features of this property include a full bathroom with modern fixtures, a convenient laundry area. Additionally, the property includes off-street parking, ensuring convenience and ease for residents and their guests.
Situated in Gloucester City, this home enjoys proximity to local amenities, including shops, restaurants, parks, and schools. The neighborhood offers a friendly and welcoming atmosphere, making it an ideal place to establish roots and build a sense of community.
Don't miss the opportunity to make 1421 Chestnut Avenue your new home. With its comfortable living spaces, inviting atmosphere, and convenient location, this property provides a wonderful place to create lasting memories and enjoy the best that Gloucester City has to offer.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 25, 2023 | Sold | ||
| Sold | |||
| Jun 28, 2023 | In contract | - | |
| In contract | |||
| Jun 16, 2023 | Listed by Keller Williams Hometown | $275,000 | |
| Listed by Keller Williams Hometown | |||
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About Gloucester City
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017