309 MONMOUTH DRIVE
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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%.
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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.
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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 24, 2025 | Sold | ||
| Sold | |||
| Mar 19, 2025 | In contract | - | |
| In contract | |||
| Jan 21, 2025 | In contract | - | |
| In contract | |||
| Dec 26, 2024 | Listed by HomeSmart First Advantage Realty | $749,900 | |
| Listed by HomeSmart First Advantage Realty | |||
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Welcome Home to Monmouth Drive in Cherry Hill's most prestigious and sought-after neighborhoods. This 5-bedroom, 2.5-bathroom home perfectly blends comfort, style, and modern convenience. New Roof was installed in 2021. When you step inside to discover abundant natural light and beautiful hardwood floors throughout both floors, and neutral carpet in the generous size bedrooms. On the main level, multiple living spaces for everyday living. The bright and welcoming foyer leads to a sit in living room and dining area to the right and left. Walk straight through foyer to back of the home to a large kitchen which boasts granite counter tops and stainless steel appliances. A charming eat in dining room with fireplace and open concept family room is the perfect set up. You will also find one of the five bedrooms on the lower level. This home has excellent flow to surrounding areas perfect for hosting and entertaining.. Upstairs, you'll find the primary suite complete with a walk-in closet and private bath. Three additional generously sized bedrooms, a full bathroom will complete the second level. Storage is abundant with ample closet space throughout the home. The basement offers excellent potential for additional living space or storage. The laundry area is also located in the basement. Out back you will find an above ground pool which can be enjoyed during your summer barbecues. Located in a fabulous community with access playgrounds, scenic parks, and walking trails, as well as shopping, dining, and entertainment. Commuters will love the proximity to PATCO, major highways, and quick access to both the city and the shore. Home is located in the award-winning Cherry Hill School District. Don’t miss your chance to call this your beautiful new home. Showings will start Monday, December 30th.
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Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Cherry Hill Mall
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017