$410,000
●
House -
Off Market
16 REED AVE
CLEMENTON, NJ 08021
5 Beds
2 Baths
1,548 Ft²
$397,759
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model
About This Property
Welcome to 16 Reed Ave, Your future home! This NEWLY REMODELED home
features 5 bedrooms, 2 full bath, spacious front porch and huge
deck; sitting on a .75 acre lot. Starting from the scenic outside;
NEW Roofing, freshly paved driveway, and newly built 2 car garage.
This beautiful home also features a spacious living room,
raised dining room and eat in kitchen. The home boasts brand new
vinyl flooring throughout. The main floor also has 3 bedrooms and 1
full bathroom, newly remodeled. As you go downstairs you are
greeted with a spacious room with a bar on one side and a unique
overtop original fireplace on the other; perfect for entertaining
any size gathering! Lower level also offers 2 additional bedrooms,
a second full bathroom and huge laundry room! But it doesn't stop
there!! New central AC, hot water heater and furnace
Come make this incredible home yours! It will not last!
Come make this incredible home yours! It will not last!
Unit Size
1,548 Ft²
Days on Market
-
Land Size
0.74 acres
Price per sqft
$258
Property Type
House
Property Taxes
$713
HOA Dues
-
Year Built
1955
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 4 years ago (Bright MLS #NJCD2044450)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 7, 2023 | Sold | ||
| Sold | |||
| Jul 22, 2023 | In contract | - | |
| In contract | |||
| Jul 13, 2023 | Relisted | $400,000 | |
| Relisted | |||
| May 10, 2023 | In contract | - | |
| In contract | |||
| Apr 16, 2023 | Price Decreased |
$400,000
↓ $50K
(11.1%) | |
| Price Decreased | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
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Listed On
Listed On
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Sold On
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HOA + Taxes
About Clementon
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Listed by: Edwin Chogllo
Keller Williams Realty - Moorestown
Last Updated: 9 hours ago
Data Source: Bright MLS , MLS# NJCD2044450
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Keller Williams Realty - Moorestown
Last Updated: 9 hours ago
Data Source: Bright MLS , MLS# NJCD2044450
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