216 SPOUT SPRING AVENUE
About This Property
On the other side of the home are three bedrooms. The bathroom has retro tile and is nice, neat and clean.
The basement has been finished to include a family room area, office space and additional storage room where laundry is also located. HVAC system is one year old.
Off the kitchen leads you to paved patio and spacious fully fenced-in backyard; perfect for entertaining. A storage shed/garage (12x16) is conveniently located in the backyard for any outdoor storage needs. There is a wooden playhouse on the property (AS-IS) as well.
Just minutes from Route 38, NJ Turnpike, Joint Base MDL, restaurants, downtown shopping, and Virtua Memorial Hospital.
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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 |
|---|---|---|---|
| Jul 25, 2025 | Sold | ||
| Sold | |||
| Jun 25, 2025 | In contract | - | |
| In contract | |||
| Jun 19, 2025 | Listed by Weichert Realtors-Haddonfield | $335,000 | |
| Listed by Weichert Realtors-Haddonfield | |||
| Jan 30, 2019 | Sold | ||
| Sold | |||
| Dec 1, 2018 | Listed by Keller Williams Realty - Moorestown | $209,000 | |
| Listed by Keller Williams Realty - Moorestown | |||
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Light and bright ranch-style home on a quiet street in Lumberton! A partial brick facade, red shutters and well-manicured lawn all combine to create amazing charm and curb appeal. Enjoy the ease of one-floor living with this move-in ready gem! The front door opens into a combination living room/dining room space with multiple windows providing streaming light. Hardwood floors flow from the main living space into all three bedrooms. The kitchen boasts white, recessed panel cabinets, wood-look porcelain tile floor, contemporary counters, full appliance package (gas cooking!) and garbage disposal. A French door from the kitchen opens up onto the beautiful paver patio and sprawling backyard. The large yard is fully fenced and is adorned with mature trees and shrubbery as well as a concrete pad that can be used for a game of basketball or as a designated barbecue area. A storage shed is conveniently situated at the back of the yard. On the other side of the home are three bedrooms all outfitted with overhead lighting. The retro bathroom has colorful tile and a private linen closet. The basement has been finished to include a family room area with recessed lighting and fresh carpet. In a separate area of the basement, you'll find built-in shelving and a dedicated woodshop area. The entire interior has been freshly painted! Other bonuses include wood look blinds throughout and a front door overhang, will keep all of your Amazon packages dry in inclement weather! Just minutes from Route 38, NJ Turnpike, Joint Base MDL, restaurants, downtown shopping, and Virtua Memorial Hospital.
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About Burlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017