203 SPRUCE TRAIL
About This Property
Welcome to this beautifully maintained 3–4 bedroom, 2 full bath Dutch Colonial nestled at the rear of Lebanon Lakes, directly across from the serene Brenden T. Byrne State Forest.
The main level features a spacious formal living room and dining room, plus an updated kitchen that opens to a cozy family room. The kitchen boasts refaced cabinetry, granite countertops, modern appliances, and a peninsula island bar-perfect for casual dining. The adjacent family room exudes rustic charm with its brick accent wall, wood mantel, and wood-burning fireplace-ideal for chilly evenings. A full bath completes the first floor.
Upstairs, you'll find freshly painted rooms, an oversized primary bedroom with space for a desk, sitting area, or home gym, and a renovated full bath with a relaxing jetted tub.
Enjoy the outdoors year-round from the large screened-in porch overlooking a private backyard complete with koi pond and optional chicken coop-all bordering preserved Green Acres land.
The walk-out basement is partially finished and offers flexible space for a fourth bedroom, home office, or rec room.
Recent Upgrades Include:
New roof (2022)
New septic system (2025)
New well pump (2023)
New water heater (2024)
New front door (2025)
Upgraded 200 amp electrical panel.
Walking distance to Lebanon Lake which has a little beachfront/swimming access area as well as a lake big enough for kayaking/paddleboarding/fishing. Conveniently located near Joint Base McGuire-Dix-Lakehurst. Move-in ready and full of charm-schedule your tour today!
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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 |
|---|---|---|---|
| Sep 15, 2025 | Sold | ||
| Sold | |||
| Aug 7, 2025 | In contract | - | |
| In contract | |||
| Jul 24, 2025 | Listed by RE/MAX Preferred - Medford | $450,000 | |
| Listed by RE/MAX Preferred - Medford | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017