$415,000
●
Land -
Off Market
401 CARMEL RD
MILLVILLE, NJ 08332
Studio
3 Baths,
1
Half Bath
$394,521
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model
About This Property
Farmette on west side of Millville- formerly the Flower Farm-
famous for it's flowers, shrubs, and poinsettia's! the
home is nestled to the rear of the property, surrounded by an
abundance of landscaping, perennials, shade trees and nature!
The 1900 sq. ft rancher has an open floor plan: large foyer,
country style kitchen has large pantry and is open to
family room with brick gas fireplace and sliders to enjoy the
beautiful view. There is also a dining room, living
room, 3 bedrooms, 2 full baths and half bath. Screened
porch off rear of house in addition to a wood deck. There is
a barn and numerous outbuildings, a greenhouse, inground pool
with poolhouse that has half bath. Electric in barn,
sprinkler system throughout the groundsl Subject to subdivision
approval.
Unit Size
-
Days on Market
-
Land Size
5.77 acres
Price per sqft
-
Property Type
Land
Property Taxes
$729
HOA Dues
-
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 4 years ago (Bright MLS #NJCB2005604)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 30, 2022 | Sold | ||
| Sold | |||
| Mar 16, 2022 | Listed by Reeves & Melvin | $390,000 | |
| Listed by Reeves & Melvin | |||
| | |||
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Farmette on west side of Millville- formerly the Flower Farm- famous for it's flowers, shrubs, and poinsettia's! the home is nestled to the rear of the property, surrounded by an abundance of landscaping, perennials, shade trees and nature! The 1900 sq. ft rancher has an open floor plan: large foyer, country style kitchen has large pantry and is open to family room with brick gas fireplace and sliders to enjoy the beautiful view. There is also a dining room, living room, 3 bedrooms, 2 full baths and half bath. Screened porch off rear of house in addition to a wood deck. There is a barn and numerous outbuildings, a greenhouse, inground pool with poolhouse that has half bath. Electric in barn, sprinkler system throughout the groundsl Subject to subdivision approval.
| |||
Property Highlights
Air Conditioning
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Millville
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Listed by: Eda Shannon
Reeves & Melvin
Last Updated: 3 hours ago
Data Source: Bright MLS , MLS# NJCB2005604
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Reeves & Melvin
Last Updated: 3 hours ago
Data Source: Bright MLS , MLS# NJCB2005604
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