400 ELM AVE
About This Property
This is the Quintessential Sinquette Built Center Hall Colonial.
Even better... it is in the highly sought-after Elizabeth Haddon section of town with tree-lined streets, walking distance to all schools, downtown, parks, PATCO and so much more.
Enter a gracious foyer, flanked on one side by an elegant living room with warm gas fireplace and two glass pained French doors and on the other side by a formal dining room. At the end of the center hall you will enter a generous sized country style kitchen, which is completely open to a family room featuring skylights, cathedral ceilings, and a sun filled full wall of glass doors and windows overlooking a private fenced-in play yard.
Enjoy the professional hard scape putting green and the charming outdoor bonus building, complete with barn doors opening out onto the play area and a large paver patio/fire pit area.
Throughout most of the home are beautiful original hardwood floors and updated Anderson windows bringing in the sunlight... especially in the family room/kitchen area.
The large primary bedroom runs the full depth of the house and has two closets.
Additional living space includes a large finished basement with classic knotty pine raised panel walls. Enjoy the charming screen porch on summer evenings, complete with brick floors, rustic swing chair, and ceiling fan.
This home features many upgrades, including updated roofs, freshly painted exterior, mostly new or replacement Anderson windows, 200 amp wiring service, gas forced hot air heat, plus central air conditioning throughout the first and second floor. The third-floor bedroom/office space has its own electric baseboard heat and AC wall unit.
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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 |
|---|---|---|---|
| Apr 27, 2023 | Sold | ||
| Sold | |||
| Mar 8, 2023 | In contract | - | |
| In contract | |||
| Feb 23, 2023 | Listed by Lenny Vermaat & Leonard Inc. Realtors Inc | $795,000 | |
| Listed by Lenny Vermaat & Leonard Inc. Realtors Inc | |||
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About Haddonfield
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017