304 BURD ST
About This Property
been turning the heads of all who travel down its charming Borough street. Home
to 3 proud Pennington mayors, it was named by Mayor Howe, founder of Howe
Nurseries and a beloved philanthropist who planted more than 2,500 shade trees
around town. Meandering stone paths and a deep front porch provide a
storybook welcome and hint at interior details to come, including window seats,
pocket doors, lit built-ins and an array of incredible fireplaces. Countless windows
were painstakingly refurbished and a kitchen/mudroom expansion was carefully
executed to appear seamless. Cozy areas for reading or conversation join large
gathering spaces on the easy-flowing first floor. Handmade tile, a copper hood
and sink, and custom oak cabinetry are the perfect mix for an Arts and
Crafts-influenced kitchen that's always in style. The adjoining family room's
granite fireplace is a commanding presence that draws everyone together. Back
stairs ascend to a window-wrapped office, while the formal staircase leads to 4
bedrooms and a sitting room served by 3 gorgeous full baths. The second floor is
just as rich in detail with cast iron fire inserts, oak cabinetry and French doors.
Even the attic has been turned into usable space loaded with light. Two stone
patios, one fully equipped for all your grilling needs, overlook the double lot's
open lawn. A captivating slice of local history you'll be so proud to call home!
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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 |
|---|---|---|---|
| Mar 31, 2022 | Sold | ||
| Sold | |||
| Jan 26, 2022 | Listed by Callaway Henderson Sotheby's Int'l-Princeton | $1,075,000 | |
| Listed by Callaway Henderson Sotheby's Int'l-Princeton | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017