342 N READ AVE
About This Property
Low taxes in Runnemede! Welcome to this stunning fully remodeled Cape Cod residence in the heart of Runnemede, New Jersey! This exquisite home has undergone a top-to-bottom transformation, boasting a fresh and modern aesthetic that is sure to captivate discerning buyers. Step inside to discover brand-new flooring that adds a touch of luxury to every room, perfectly complemented by a fresh coat of paint throughout, creating a bright and inviting atmosphere. The attention to detail is evident in every corner, with a NEW HVAC system ensuring comfort and efficiency year-round. Third floor can be easily converted to a third bedroom!
The upgrades don't stop there – this home features top-of-the-line finishes that elevate its overall appeal. The kitchen is a chef's dream, showcasing high-end appliances, sleek countertops, and stylish cabinetry. Bathrooms have been meticulously designed with modern fixtures and chic tiles, providing a spa-like retreat. The thoughtful remodel extends to the bedrooms and living spaces, where comfort meets elegance.
Situated in a great area, this property offers more than just a beautiful home. Runnemede's prime location provides convenient access to local amenities, schools, and parks, making it an ideal setting for families and individuals alike. Enjoy the perfect blend of style, comfort, and location in this fully remodeled Cape Cod gem – your dream home awaits!
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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 11, 2024 | Sold | ||
| Sold | |||
| Feb 19, 2024 | In contract | - | |
| In contract | |||
| Feb 8, 2024 | Relisted | $259,900 | |
| Relisted | |||
| Jan 14, 2024 | In contract | - | |
| In contract | |||
| Jan 5, 2024 | Listed by Romano Realty | $259,900 | |
| Listed by Romano Realty | |||
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About Runnemede
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017