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28 Spruce Drive
About This Property
Welcome to 28 Spruce Drive in highly desirable Shrewsbury, NJ -- a charming and updated 3-bedroom, 2.1-bathroom home perfectly located just moments from shopping, dining, and everyday conveniences. This bright and spacious home features a thoughtful, open layout with farmhouse trim that flows seamlessly from room to room, making it ideal for both relaxed everyday living and effortless entertaining. Recent updates throughout enhance both style and functionality, including a fully renovated kitchen, brand-new roof, new bathrooms, new siding, new solid interior doors, new hardware and moldings, and beautifully refinished hardwood floors that gleam throughout the main level and upstairs. The primary bedroom features a walk -in closet and a beautifully renovated en suite bath.
The heart of the home is the stunning updated kitchen, complete with generous counter space and new modern appliances -- a true cook's delight. Just off the kitchen, a spacious deck overlooks the large, private, fenced-in yard, offering the perfect setting for outdoor dining, play, or peaceful relaxation. Additional highlights include an attached direct-entry garage for convenient parking and storage.
Conveniently located near public transportation, top-rated schools, parks, and all the amenities Shrewsbury has to offer, this move-in-ready home combines suburban tranquility with easy access to everything you need. A rare opportunity in one of Monmouth County's most sought-after towns -- don't miss it! Schedule your private showing today.
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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 |
|---|---|---|---|
| Jun 18, 2026 | Sold | ||
| Sold | |||
| Apr 8, 2026 | In contract | - | |
| In contract | |||
| Mar 26, 2026 | Listed by EXP Realty | $899,999 | |
| Listed by EXP Realty | |||
| May 15, 2024 | Sold | ||
| Sold | |||
| Mar 11, 2024 | Listed by Compass New Jersey LLC | $699,000 | |
| Listed by Compass New Jersey LLC | |||
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Welcome to this delightful home featuring 3 bedrooms, 2.1 bathrooms, and a prime Shrewsbury location close to stores and restaurants. Its spacious layout makes it perfect for both relaxation and entertaining. The kitchen, complete with ample counter space and modern appliances, leads out onto a spacious deck overlooking the large fenced-in yard with endless possibilities.
Follow the flow of hardwood floors upstairs to find generously sized bedrooms. With an attached garage offering extra storage space, this fantastic property is waiting for you to make it your own
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017