39 CHESTNUT ST
About This Property
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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%.
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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.
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 |
|---|---|---|---|
| Jan 16, 2025 | Sold | ||
| Sold | |||
| Dec 2, 2024 | In contract | - | |
| In contract | |||
| Nov 10, 2024 | Listed by Premier Real Estate Corp. | $470,000 | |
| Listed by Premier Real Estate Corp. | |||
| Mar 20, 2020 | Sold | ||
| Sold | |||
| Jan 9, 2020 | Listed by Coldwell Banker Realty | $318,000 | |
| Listed by Coldwell Banker Realty | |||
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Welcome to 39 Chestnut Street where historic charm and character meet today's open floor plan with a bit of contemporary thrown in! This beautiful colonial has been transformed and is waiting for you to come and explore. Upgrades include new flooring and neutral colors throughout most of the home, the half bath and full hall bath have been updated, and the basement has been revamped to provide an abundance of entertaining space. A rustic, reclaimed wood barn door has been added to separate the addition from the original living space. New pressure treated wood fencing has been added to the large backyard, as well as a new steel door leading from the back deck into the laundry room. All of the appliances have been updated as well as converting the home to natural gas heat and replacing the hot water heater. The addition on this historic home includes an open kitchen and family room as well as a separate staircase up to a spacious master suite with cathedral ceilings. That same staircase will take you down to an eight and half foot ceiling basement that has great storage as well as a sizeable room that is waiting for your finishing touches. There are many possibilities for bedrooms or office space as the original staircase can be used to access the master bedroom plus two other bedrooms and one of the rooms on the main level could be a bedroom as well. The house sits on a corner lot and is close to a park, dog park, and canoe launch! The home offers ample parking on Chestnut which is a one-way street, with three additional parking spaces on Ridgeway Street and a detached oversized one car garage. Lumberton is close to major highways including Rt. 38, Rt. 295, NJ Turnpike and is close to Ft. Dix and Philadelphia. The home is NOT in a flood zone! Do not delay as this beauty will not last long - make your appointment today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017