See Home Value
$353,000
● House - Off Market

24 ELM DR

MEDFORD, NJ 08055
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,494 Ft²
$508,971
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model

About This Property

PRICED DRASTICALLY BELOW APPRAISAL VALUE!  This large custom home is on a lovely quiet oversized lot in one of historic Medford's most sought-after lake communities: Oakwood Lakes. The Buyer will be getting a wonderful, fully renovated home with 5 bedrooms, 2.5 baths.  The gourmet kitchen with its gigantic custom island, granite countertops, stainless steel appliance package & 5 burner gas range will satisfy any chef.  This home allows for room to roam with enormous living and family rooms. The family room has a fully functioning wood burning brick fireplace for those cold evenings.  Off of the family room is a two level back deck that is just perfect for those outdoor summer barbeques.  All 5 bedrooms are located upstairs including a large owners suite with attached bath. The bathrooms have all been beautifully renovated with function in mind.  The windows in this home have been replaced with energy-efficient windows. The wood floors are original to the home, but have been meticulously stained and refinished to make them look brand new. New ceiling fans and energy-efficient recessed lighting has been installed in almost every room. The renovations also included brand new 150 amp electric service and panel.  The Oakwood Lakes Community is close to shops, schools, and major roads, yet is a quiet oasis with lakes, sandy beaches and playgrounds just for Oakwood residents and their guests. Sellers want all offers, set up your showing today!
Unit Size
2,494 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$139
Property Type
House
Property Taxes
$628
HOA Dues
$250
Year Built
1970

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Last updated: 4 years ago (Bright MLS #NJBL322988)

Price History

Date / Event Date Event Price
Oct 4, 2019 Sold
Sold
Feb 15, 2019 Listed by NextHome Lifestyle Realty $347,500
Listed by NextHome Lifestyle Realty
Jan 8, 2019 No longer available -
No longer available
Sep 28, 2018 Sold
Sold
Sep 6, 2018 Listed $229,000
Listed
Nowhere but NOWHERE can you buy a 5-bedroom home in a Medford lake community for $229,000! HUGE price improvement just announced! This large custom home is on a lovely quiet oversized lot in one of historic Medford's most sought-after lake communities: Oakwood Lakes. The owner discloses up front that the home, coming from being an estate sale, needs some updating such as wallpaper removal, and updating the kitchen, bathrooms and windows. But LOOK AT THE PRICE! A buyer willing to put in a little TLC will be getting a wonderful home with 5 bedrooms, a large eat-in kitchen,gleaming hardwood floors, enormous living and family rooms---the size of home for which one would ordinarily expect to pay $400,000 or more. The garage currently has a wheelchair ramp, which can easily be removed. Oakwood Lakes is like a diamond dropped in the middle of the crown called Medford. Close to shops, schools, and major roads, yet a quiet oasis with lakes and sandy beaches just for Oakwood residents and their guests. Note that the buyer will be required to buy a $1500 Oakwood Lakes membership certificate, and then annual dies are currently $225 ($160 for seniors) which gives you full privileges for swimming, boating, and fishing on the lake. Seller is transferring property in "as is" condition because of the price, but is not aware of any latent defects in the home. The manager has listed the unit size as 2494 square feet.
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Property Highlights

Air Conditioning
Fireplace
Garage
With View

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,246
  • Total Building Area: 2,494
  • Building Area: 2,494
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,494
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OAKWOOD LAKES
  • Land Acres: 0000000350
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Medford Township School District
  • Census Tract: 703803

Geography

  • Account Number: 02993000
  • District: 20
  • Parcel: 20 03008-0000-00001
  • Block: 3008
  • Lot: 1
  • Municipality: MEDFORD TWP
  • Latitude: 39.8706
  • Longitude: -74.8318

    Address

  • Full Address: 24 Elm Dr
  • Address - House Number: 24
  • Address - Street Name: Elm
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Medford
  • Carrier Code: R002
  • 4-Digit Zip Code: 8831
  • Zip Code: 08055

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $902,525

    Appraisal Valuation

  • Standard Deviation: 0.1797
  • Valuation Date: Jan 18, 2023
  • Confidence Score: 76
  • Final Value: 496,472
  • High Value: 585,706
  • Low Value: 407,238

    Market Valuation

  • Market Total Value: $277,700
  • Market Land Value: $81,300
  • Market Improvement Value: $196,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $277,700
  • Assessed Land Value: $81,300
  • Assessed Improvements Value: $196,400

    Sales

  • Current Sale Contract Date: Oct 02, 2019
  • Current Sale Recording Date: Oct 18, 2019
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 5493434
  • Previous Sale Recording Date: Oct 12, 2018
  • Previous Sale Contract Date: Oct 02, 2018
  • Previous Sale Amount: $210,000
  • Previous Sale Document Type: 12
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Burlington


Similar Homes for Sale

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Nearby Rentals

Unit for rent at 154 Cheyenne Trl, MEDFORD LAKES, NJ, 08055

$2,800 /mo

  • 3 Beds
  • 1 Bath
  • 1,067 ft²
154 Cheyenne Trl, MEDFORD LAKES, NJ, 08055 Listing by Lauren Gormley


Frequently Asked Questions

When was property at 24 Elm Drive built and last sold?
The property at 24 Elm Drive was built in 1970 and last sold on Oct 2, 2019 for $353,000.
How much is this home worth?
The estimated value of the home located at 24 Elm Drive is $0.
What are some comparable homes to 24 Elm Drive?
There are currently no comparable homes to 24 Elm Drive.