154 INDEPENDENCE LN
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.
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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 |
|---|---|---|---|
| Apr 15, 2022 | Sold | ||
| Sold | |||
| Nov 9, 2021 | Listed by Compass New Jersey, LLC | $400,000 | |
| Listed by Compass New Jersey, LLC | |||
| Oct 11, 2021 | No longer available | - | |
| No longer available | |||
| Jul 30, 2021 | In contract | - | |
| In contract | |||
| Jul 22, 2021 | Listed by Compass New Jersey, LLC | $424,000 | |
| Listed by Compass New Jersey, LLC | |||
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Welcome to this amazing property showcasing homeownership at its finest. 154 Independence Lane is the last house on the road adjacent to preserved open space, so if you like a quiet and serene setting, this house is for you. As you walk onto the front porch you will see the craftsmanship by the owner with Mahogany wood and stamped concrete for the front porch. Enter into a living room with real oak flooring, neutral paint highlighting the wainscotting and crown molding. To your left, you will pass the entrance to the full unfinished basement, perfect for all of your storage needs. A half bath with extra room for a washer/dryer and two closets for linens and storage for all of your cleaning products. A front room perfect for a den or office area. The primary bedroom has two closets. One is a full walk-in closet with oak hardwood floors running throughout. The full bath is freshly renovated with a 6-foot soaking tub, tiled stall shower, Bluetooth light/venting system, and water closet for privacy. Moving through to the back of the house, the kitchen was updated by the homeowner with custom cabinetry (check out the corner cabinet storage system!), dyed concrete countertops with hot plates built-in. The spacious back Proch/Florida sunroom is nicely done with stone accents and access to the outside. Upstairs offers you a big open loft to utilize in so many different ways. The bedroom directly across from the stairs has full door access to the remainder of the attack space(unfinished currently, but the new owner could absolutely finish themselves). You have two more spacious bedrooms with a full bath to complete this level. The backyard is great for your outdoor activities with a huge shed for all of your outdoor gear storage needs. NOTE: radiant heating throughout. The back porch is set up to add air or heat if the new owner wishes to do so. You are less than a mile from 295 and walking distance to local Rancocas woods shops. So just come and unpack your bags and enjoy all that this property and the surrounding area have to offer!! The manager has listed the unit size as 2655 square feet.
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About Burlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017