$170,000
●
House -
Off Market
406 STATE ST
ELMER, NJ 08318
2 Beds
1 Bath
1,260 Ft²
$301,725
RealtyHop Estimate
77.49%
Since Sep 1, 2015
National-US
Primary Model
About This Property
Well built craftsman style bungalow on extra large lot! Home
currently is a two bedroom but has plenty of options if you are
looking for that third, fourth for even fifth bedroom! Bright
kitchen open to the dining room. Spacious living room
provides plenty of space for entertaining comfortably. The
walk out basement is ready to be finished or converted into
additional entertaining space. Basement also has an office
and entertainment room. Washer and dryer are conveniently
located on the first floor, with hookup in the basement as well.
There is a beautiful staircase leading to the attic where
additional living space can be created or simply used for storage.
Yes there is original hardwood under the carpet! Two
car detached garage for your toys and more storage. Brand new
septic system just installed! With your own personal touch
this home will provide many lasting memories as it did for this
original owner and family!
Unit Size
1,260 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$135
Property Type
House
Property Taxes
$399
HOA Dues
-
Year Built
1945
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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 #1001798251)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 16, 2022 | Sold | ||
| Sold | |||
| Jul 11, 2022 | Listed by Keller Williams Realty - Moorestown | $230,000 | |
| Listed by Keller Williams Realty - Moorestown | |||
| | |||
|
The environment around this home reminds me of why NJ is called the Garden State. Nicknamed "The Small Town with the Big Welcome" living in Elmer provides the coziness of small town living while at the same time not isolated from conveniences. This craftsman style bungalow sits on a double lot! The home is setup as a two bedroom home with options to add a 3rd, 4th or even a 5th bedroom later on. the walkout basement could be finished for additional square footage. The full size staircase takes you to the attic space that could become the additional bedrooms as well. Out front you have a fantastic covered front porch and the outback sits the detached 2-car garage. Septic was installed by previous owner in 2015. Please schedule your showings asap. Agents, schedule through Showing Time.
| |||
| Aug 3, 2015 | Sold | ||
| Sold | |||
| May 30, 2015 | Listed by BHHS Fox & Roach-Mullica Hill South | $170,000 | |
| Listed by BHHS Fox & Roach-Mullica Hill South | |||
Property Highlights
Air Conditioning
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Elmer
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Listed by: Ronald Bruce
BHHS Fox & Roach-Mullica Hill South
Last Updated: 2 hours ago
Data Source: Bright MLS , MLS# 1001798251
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
BHHS Fox & Roach-Mullica Hill South
Last Updated: 2 hours ago
Data Source: Bright MLS , MLS# 1001798251
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