237 MOUNTWELL AVE
About This Property
The heart of the home lies in the inviting family room, with its vaulted ceiling, wood beams, and a cozy wood-burning stove, perfect for gathering and relaxation. French doors open to access the patio retreat, seamlessly blending indoor and outdoor living. A spiral staircase leads to a private balcony play or reading nook, which is also accessible from the second floor.
From the main foyer, ascending to the second floor, there is a gorgeous glass floor-to-ceiling window and a resting bench below. This level features four bedrooms and a beautifully renovated bathroom (2022) with double sinks and tasteful hues, showcasing the home's impeccable craftsmanship and attention to detail.
The top floor offers ample space for family and guests, with two additional large bedrooms and another full bathroom with a tub. On the lower level is the partially finished basement, a full laundry room, workshop, and storage room.
The expansive fenced-in back lawn offers a private oasis for outdoor gatherings. The detached garage offers additional storage or flexible use space. The large driveway adds parking convenience.
This residence epitomizes suburban luxury with access to the acclaimed Haddonfield school system, a thriving downtown scene, and easy commuter options to Philadelphia (walkable to PATCO). 237 Mountwell Ave offers the best of Haddonfield living, has a new HVAC system (2023), and has been lovingly maintained over the years.
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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.
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 |
|---|---|---|---|
| Aug 22, 2024 | Sold | ||
| Sold | |||
| May 24, 2024 | In contract | - | |
| In contract | |||
| May 16, 2024 | Listed by Compass New Jersey, LLC - Moorestown | $1,150,000 | |
| Listed by Compass New Jersey, LLC - Moorestown | |||
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About Haddonfield
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017