223 STOKES ROAD
About This Property
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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%.
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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.
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 |
|---|---|---|---|
| Feb 10, 2023 | Sold | ||
| Sold | |||
| Dec 1, 2022 | Listed by BHHS Fox & Roach-Medford | $369,000 | |
| Listed by BHHS Fox & Roach-Medford | |||
| May 14, 2021 | Sold | ||
| Sold | |||
| Mar 30, 2021 | Listed by Keller Williams Realty - Marlton | $319,900 | |
| Listed by Keller Williams Realty - Marlton | |||
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We are pleased to present a very rare find in today's marketplace. A three-to four bedroom, two bath rancher, positioned on an exceptionally large .413 lot, in desirable Medford Lakes. Enter through a lovely Oval Glass sculptured door to a tile floor. Straight ahead is the family room with brick fireplace & hearth, which could easily be converted to gas. The family room has exposed beams with a back door that leads to the large cement patio. To the right of the family room is the kitchen, which leads to the dining room. As you enter the home, to the right is a very spacious living room, which leads to the marble floored dining room, with ceiling fan. The hallway to the right of the dining room leads to the bonus room, with its own private entrance, and a spacious laundry. The bonus room has numerous possibilities such as... In-Law Quarters, Fitness Room, Study, Office, Playroom, another family room or theater area, too many options to mention. The latter also houses the HVAC and Hot Water Heater...in independent closet areas. This was previously the garage. The hallway leads to the back yard to the huge cement patio. The left wing of the house has three spacious bedrooms. The Bedroom has a full bath with Cherrywood cabinetry, and double closets. Each of the other two bedrooms are carpeted with two closets in each. There's ample storage space, with several linen and clothes closets in the hallways. Here are some of the major features: 1) Very large lot, for expansion possibilities for a detached garage or addition to the existing structure, 2) Brand New Water Conditioner System, 3) Brand New Carrier HVAC ..High Energy Efficiency Carrier Ultra Gas Furnace, 4) Brand New Washer & Dryer 5) Cement Crawl Space Pad, 6) Covered cement porch, 7) Separate entrance with foyer to Bonus Room, 8) Newer Roof, 9). Oversized laundry gives you some flexibility, with cabinetry. Fully equipped for a perfect lake community lifestyle. The Lakes Association is voluntary. Circular driveway gives easy access to Stokes Rd. This incredible picturesque setting is centrally located to the City and Shore Resorts. This most certainly is a very strategic location. Walk to the beach, it's easily accessible. It's close to many surrounding retailers and other amenities such as The Promenade Shopping Center, Moorestown and Cherry Hill Malls, Centerton Square where Wegmans, Costco are just minutes away... Not to mention the convenient location and easy access to Interstate 295, NJ Turnpike, AC Expressway, Garden State Parkway and Shore points, in addition to Routes 70, 73, 206, 38, the Ben Franklin, Walt Whitman, Burlington Bristol & Tacony Bridges. This will not last long. Excellent location, perfect convenience, great school system. The property is being sold AS IS , however, it's in above average condition. All inspections, certifications are the responsibility of the purchaser. there are no major issues associated with the house. Homeowner will be responsible for the Fire CO & Water Test.
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| Dec 17, 2020 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017