$560,000
●
House -
Off Market
1608 KRESSON RD
CHERRY HILL, NJ 08003
4 Beds
2 Baths
3,388 Ft²
$575,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model
About This Property
Magnificently Redone One of a kind Sprawling Ranch situated on
almost 3/4 of acre! This special home features 3,388 square
feet of living space, including 4 bedrooms, 2 bathrooms, a full
finished basement, 2 fireplaces, and a custom large modern chefs
kitchen complete with Calacatta Quartz Countertops that will make
your head turn! The driveway can fit 6+ cars, and the yard is
expansive and perfect for entertaining. There is a bonus of
approximately 1300 sq ft of converted garage, that is heated and
air conditioned usable square footage, and that has been outfitted
with additional plumbing for bathrooms, that is being sold in as is
condition. Use the space for anything from a work from home,
to additional storage space, to a hobbyist dream space. The
sky's the limit as to all the possibilities!
Unit Size
3,388 Ft²
Days on Market
-
Land Size
0.74 acres
Price per sqft
$170
Property Type
House
Property Taxes
$1,042
HOA Dues
-
Year Built
1965
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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: 3 years ago (Bright MLS #NJCD2051526)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 30, 2023 | Sold | ||
| Sold | |||
| Oct 7, 2023 | In contract | - | |
| In contract | |||
| Jul 18, 2023 | Listed by Weichert Realtors-Cherry Hill | $575,000 | |
| Listed by Weichert Realtors-Cherry Hill | |||
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Springdale
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Listed by: Elyse Greenberg
Weichert Realtors-Cherry Hill
Last Updated: 1 hours ago
Data Source: Bright MLS , MLS# NJCD2051526
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Weichert Realtors-Cherry Hill
Last Updated: 1 hours ago
Data Source: Bright MLS , MLS# NJCD2051526
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