$502,000
●
House -
Off Market
23 MELODY LN
CHERRY HILL, NJ 08002
4 Beds
3 Baths,
1
Half Bath
2,064 Ft²
$2,357
Est. Monthly
About This Property
BEST & FINAL offers due 2/1 at 12 noon. Nestled on a
peaceful, no-through-traffic street, this 4-bedroom, 2.5-bath
Colonial home is a true gem! Boasting a park-like backyard, a
spacious 2-car garage (with room for 4 additional cars in the
driveway), and replacement windows, this home is designed for both
comfort and convenience. Inside, enjoy the fabulous flow from the
Great Room to the Kitchen-perfect for entertaining. Cozy up by the
wood-burning fireplace or appreciate the freshly painted interior,
creating a bright and inviting atmosphere. With the added bonus of
a Main Floor Laundry Room and a dry basement, this home blends
functionality with charm. Great location for any commute with
access to the NJ Turnpike, 295, PATCO, Routes 38, 70, 73 and
minutes to Philly. All this and Cherry Hill's award-winning
schools. This is a serene and solid home in good condition, ready
for you to move in and make it your own. The LOCATION is fantastic
and forever.
Unit Size
2,064 Ft²
Days on Market
24 days
Land Size
0.28 acres
Price per sqft
$233
Property Type
House
Property Taxes
$807
HOA Dues
-
Year Built
1964
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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: 2 years ago (Bright MLS #NJCD2083064)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 3, 2025 | Sold | ||
| Sold | |||
| Feb 4, 2025 | In contract | - | |
| In contract | |||
| Jan 22, 2025 | Listed by Keller Williams Realty - Cherry Hill | $479,900 | |
| Listed by Keller Williams Realty - Cherry Hill | |||
Property Highlights
Garage
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 Cherry Hill Mall
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Listed by: Rosemary Gunderson
Keller Williams Realty - Cherry Hill
Last Updated: 11 hours ago
Data Source: Bright MLS , MLS# NJCD2083064
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Keller Williams Realty - Cherry Hill
Last Updated: 11 hours ago
Data Source: Bright MLS , MLS# NJCD2083064
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Address: 335 Madison Avenue, New York, NY 10017