409 LIPPINCOTT AVE
About This Property
This new home comes with elegant features such as LVP flooring, granite countertops, an owners suite retreat with 2 walk in closets and an oversized bathroom with a soaking tub. Nestled in the heart of historic Riverton yet just minutes into Philadelphia via the light rail river line. Don't miss this opportunity to make this stunning property your new home.
This is the first home being offered as part of a three lot subdivision.
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 4, 2024 | Sold | ||
| Sold | |||
| Mar 1, 2024 | In contract | - | |
| In contract | |||
| Jan 25, 2024 | Listed by BHHS Fox & Roach-Moorestown | $799,900 | |
| Listed by BHHS Fox & Roach-Moorestown | |||
| Mar 26, 2021 | Sold | ||
| Sold | |||
| Jan 26, 2021 | Listed by BHHS Fox & Roach-Moorestown | $250,000 | |
| Listed by BHHS Fox & Roach-Moorestown | |||
| | |||
|
Former Grande Dame of Riverton's desirable Lippincott Street. This well loved home has seen better days, and needs more than a little TLC. For someone looking for a labor of love, it could be well worth it to end up with a grand Victorian Mansion and almost one full acre of property when all the dust settles and the work is done. 6 roomy bedrooms and graciously sized common rooms, this house could be a dream come true. Not ready for a project home and prefer new construction? This house was originally sitting in the middle of 3 lots that all convey w/the property. A savvy investor could pursue a subdivision of 2 or more lots (subject to township approvals) and build some fine new homes on this lovely homesite that sits just a few blocks to the river and a block away from the Riverton station of the River Line. Seller makes no representations about zoning or condition of home. Home is sold in its "as is, where is" condition. All certifications and approvals are the responsibility of the buyer. Use extreme caution when touring the home.
| |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017