176 CHIPPEWA TRL
About This Property
Set back from the road, there is plenty of off street parking and an attached garage. Follow the meandering walkway to the front porch patio leading to the homes main entry. All the rooms are spacious with lots of natural lighting. The living room has custom built ins, picture window overlooking the front yard and opens to the kitchen with a breakfast bar. The kitchen boasts abundant maple cabinetry, Corian Countertops, tile floors, stainless 5 burner gas range with Viking hood, dishwasher, and refrigerator. The formal dining room overlooks the lake and features custom corner built-ins. The family room extends across the back of the home, with an adjacent 3 season sun room which take full advantage of these incredible views! An updated powder room is located off the kitchen along with a laundry room with washer & dryer, utility sink, and plenty of storage. A passage door here leads to the garage. The upper level has an exceptionally large master bedroom with three walk-in closets in addition to the closets in the hallway. The second bedroom also enjoys wonderful lake views and there is a full updated bath between these two bedrooms. With all the attic closet space, you could add another bedroom and bath if you so desire. Descend to the lower level where there is a family room with wood burning fireplace, a third bedroom and full bath. This is the perfect spot for an in-law/guest suite. This lower level is a walk-out to the lake and has an awesome entertaining porch area overlooking the lake. A new tiered dock at the lake, bulkhead, fire pit, and log cabin lodge are part of the backyard. The log cabin has a woodstove and opens up to the new dock. What a wonderful place to entertain your guests year round. This home has such a flexible/versatile floor plan. The rooms can be arranged to fit whatever your needs may be. Gas heat, central air, public sewer, well water. 3,850 square foot home and 358 square foot log cabin carriage house. Medford Lakes is home to great schools and a unique lifestyle! Go ahead...Jump in the Lake!
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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 |
|---|---|---|---|
| Mar 9, 2023 | Sold | ||
| Sold | |||
| Oct 6, 2022 | Listed by Compass New Jersey, LLC | $999,000 | |
| Listed by Compass New Jersey, LLC | |||
| Oct 2, 2022 | No longer available | - | |
| No longer available | |||
| Aug 30, 2022 | No longer available | - | |
| No longer available | |||
| Jul 6, 2022 | Price Decreased |
$1,170,000
↓ $30K
(2.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017