149 Route 526
About This Property
The 3,200 sq ft single-family colonial went from a farm house built in 1906 to a now meticulously maintained and thoughtfully designed home after undergoing major custom renovations during the current owner's tenure. The list of updates to the home, separate dwelling and even garage are extensive, with the most notable upgrades being new roofs on all structures (2017), two new septic systems (2020 & 2023), new well (2018), and a whole house generator (2021). The two-unit dwelling rental income is $24,000/annually which covers property taxes and offsets your monthly mortgage. Come on in through the front door and you'll be greeted by a bright and spacious living room. You can walk through to the formal dining room and eventually find yourself in the sizable eat-in kitchen equipped with custom cabinetry providing tons of storage, stainless steel appliances, and a large island with Silestone countertops. Walk down the hallway and you'll find a half bath, laundry room with a utility sink and additional storage, and an open concept family room/den that is perfect for entertaining. It features skylights, an imitation stone wall, extra dining space, and a full-service wet bar that is decked out with a mini-fridge, wine fridge, and extended bar top that comfortably seats 5 people. On the second floor you'll find an expansive master bedroom with an oversized ensuite bathroom that features a walk-in shower, double vanity, and storage closet. Down the hallway you'll find three more spacious bedrooms and a hallway bathroom with a tub/shower.
Time to step outside on the beautiful composite deck and soak in the views of your tree-lined property. There is an abundance of parking and plenty of space to entertain in your private oasis of a backyard. From here you can access the two car garage and the two-unit dwelling that is currently being rented out. This space could also be a perfect solution for multi generational living.
If you do ever get the urge to leave this sanctuary, you'll find that you're a short drive away from dining, shopping, wineries, golf courses, and so much more! You can also enjoy easy access to major highways like NJ Turnpike, 195, and 130.
Don't miss out on the opportunity to call this one-of-a-kind property yours!
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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 30, 2023 | Sold | ||
| Sold | |||
| Apr 25, 2023 | In contract | - | |
| In contract | |||
| Mar 14, 2023 | Listed by Smires & Associates Bordentown | $799,000 | |
| Listed by Smires & Associates Bordentown | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017