402 HIGH ST
About This Property
Upon entering, you are awed by the gorgeous curved oak staircase and floor to ceiling gilded mirror. There are so many original intricate details to notice as you walk through the home: 12 foot ceilings, stained glass windows, ornate woodworking, window locks, light fixtures, fireplaces, mirrors, and more.
The Living Room with its spectacular ornate fireplace mantle boasts wonderful views of High Street. Pocket doors lead to the dining room with a fireplace and another gilded mirror. The spacious Family Room also has a fireplace and opens to the kitchen. The kitchen has all the modern conveniences required for today's lifestyle. Open and airy, this room has plenty of counter space, cherry cabinetry and a dining area with skylights. Please check out the built in hutch with photos of the original floor plans and owners- the Merritt Family. An expansive 3 season porch overlooks the serene and private backyard. The main level also has a powder room.
Take the grand staircase to the second level where there are 4 large bedrooms, a full bath, and a half bath/laundry room. The main bedroom has a walk in closet, while the other rooms also have large closets. The bath has a jetted soaking tub, walk in shower stall, and sink. There is an adjacent commode/sink space. The third level has two more bedrooms, storage rooms, and amazing stained glass windows. This home has a full basement with updated utilities and Bilco doors to the back yard. The grounds have been beautifully landscaped with trees, shrubbery, and flowering plants that compliment the vast grassy backyard. There is a large brick patio, the perfect place to dine al fresco. While this home is located in the heart of historic Mount Holly, there is plenty of off street parking, with a long stone driveway and parking area in the rear of the home. Additional information on this amazing home: A cost saving and energy efficient geothermal HVAC system was installed, providing a modern forced air system to the home. In addition, two humidifiers for two zones (first and second floors) were added for increased comfort in the dry winter months. In 2017, three gas fireplace inserts were added providing ambiance and additional heat sources. An irrigation system was also added to allow for lush landscaping. Own a unique Victorian home and be a part of historic Mount Holly at 402 High Street.
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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 |
|---|---|---|---|
| Sep 30, 2024 | Sold | ||
| Sold | |||
| Aug 21, 2024 | In contract | - | |
| In contract | |||
| Jul 25, 2024 | Listed by Compass New Jersey, LLC - Moorestown | $498,000 | |
| Listed by Compass New Jersey, LLC - Moorestown | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017