28 SHIPPS
About This Property
Welcome to 28 Shipps Way, a beautifully maintained 2 bedroom, 2 full bath home in the sought-after Newton's Landing active adult community. This charming Cape May II model is adorned with a brick-accent front and inviting rocking chair porch, offering the perfect blend of elegance and convenience with one-floor living. Step inside the foyer to find gleaming hardwood floors, soaring ceilings, and custom moldings. A formal dining room is ready to host gatherings, while the large eat-in kitchen features maple cabinetry, abundant counter space, and a pantry. The sun-filled living room boasts plenty of windows and a cozy fireplace, perfect for the cooler months. A bonus Florida room with ceiling fan adds extra living space and opens to a spacious patio-ideal for entertaining or quiet outdoor enjoyment. The primary suite is generously sized with a walk-in closet and spa-like bath complete with jetted tub, dual vanities, stand-up shower, and ceramic tile floors. A second bedroom and full bath offer comfortable accommodations for guests. Additional highlights include a convenient laundry room and a two-car garage with interior access and an automatic opener. Newton's Landing offers resort-style amenities including an outdoor pool and hot tub overlooking the Rancocas Creek, tennis, pickleball, bocce, shuffleboard, a gym, walking trails, a clubhouse with social events, and even a community garden. 28 Shipps Way brings together the comfort of a thoughtfully designed home and the lifestyle of a vibrant, active community. Come see for yourself why this home is an ideal place to enjoy your next chapter.
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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%.
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 14, 2025 | Sold | ||
| Sold | |||
| Oct 17, 2025 | In contract | - | |
| In contract | |||
| Oct 7, 2025 | Listed by Weichert Realtors - Moorestown | $415,000 | |
| Listed by Weichert Realtors - Moorestown | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017