Burlington
245 SPOUT SPRING AVENUE
$315,000
●
House -
Off Market
245 SPOUT SPRING AVENUE
LUMBERTON, NJ 08048
2 Beds
1 Bath
875 Ft²
$1,855
Est. Monthly
6.87%
Cap Rate
About This Property
This charming ranch-style home in the heart of Lumberton offers and
updated kitchen, 2 bedrooms, 1 full bath, and the ease of one-floor
living. The bright and functional layout includes a spacious living
area, a practical kitchen with dining area, and two well-sized
bedrooms. A full basement and walk-up attic provide additional
storage or the opportunity to create a hobby or recreation space.
The property also includes a convenient 1-car parking spot. Located
close to local parks, shopping, charming downtown Mount Holly, and
major routes, this home combines comfort, convenience, and
potential-all in a peaceful neighborhood setting.
Unit Size
875 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$343
Property Type
House
Property Taxes
$381
HOA Dues
-
Year Built
1953
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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 #NJBL2088886)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 25, 2025 | Sold | ||
| Sold | |||
| Jun 12, 2025 | Listed by OCF Realty LLC | $300,000 | |
| Listed by OCF Realty LLC | |||
| Dec 21, 2022 | Sold | ||
| Sold | |||
| Oct 10, 2022 | Listed by Keller Williams Realty - Moorestown | $249,900 | |
| Listed by Keller Williams Realty - Moorestown | |||
| | |||
|
Welcome to 245 Spout Spring Ave. This beautiful cape cod is conveniently located close to all the major roads and has been recently renovated. It boasts a brand new kitchen with stainless appliances, LVP flooring, carpet, fresh paint throughout, and a newer roof. The first floor has a spacious living room, dining area, kitchen, 2 bedrooms and a full bathroom. There is also a full-sized basement and a walk up attic for adding finished square footage. All of this is setting on a level, generously sized lot that has a fenced backyard. There are not many homes like this for sale in this desirable location. Schedule your showing today.
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Burlington
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Listed by: Sara Melody Amer
OCF Realty LLC
Last Updated: 9 hours ago
Data Source: Bright MLS , MLS# NJBL2088886
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
OCF Realty LLC
Last Updated: 9 hours ago
Data Source: Bright MLS , MLS# NJBL2088886
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