$320,000
●
House -
Off Market
409 SHEPPARD AVE
RUNNEMEDE, NJ 08078
4 Beds
2 Baths,
1
Half Bath
1,440 Ft²
$1,562
Est. Monthly
About This Property
Welcome to this 4-bedroom 2-bathroom home located in Runnemede New
Jersey! The first floor has a bedroom located off of the living
area where there is a bathroom with a walk-in shower. Proceed
to the rear of the home where there is an enclosed porch off of the
kitchen where the washer, dryer and additional storage shelving can
be located. Down the stairs, you will find a large unfinished
basement with updated style water heater and area that can be
turned into a workshop or use for storage. Up the stairs there are
3 additional bedrooms and 1 half bathroom. There is an
additional room which can be used as an office or closet! The
home is located close to shopping centers and public
transportation. The large yard backs up to Timbercreek wooded area
and waking distance to Hirsch Lake and wooded trails.
Convenient location!! Additional photographs to come.
Unit Size
1,440 Ft²
Days on Market
7 days
Land Size
0.14 acres
Price per sqft
$221
Property Type
House
Property Taxes
$527
HOA Dues
-
Year Built
1947
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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: 2 years ago (Bright MLS #NJCD2085920)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 4, 2025 | Sold | ||
| Sold | |||
| Mar 3, 2025 | In contract | - | |
| In contract | |||
| Feb 20, 2025 | Relisted | $318,000 | |
| Relisted | |||
| Feb 18, 2025 | In contract | - | |
| In contract | |||
| Feb 10, 2025 | Listed by HomeSmart First Advantage Realty | $318,000 | |
| Listed by HomeSmart First Advantage Realty | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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 Runnemede
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Listed by: Matthew Woollen
HomeSmart First Advantage Realty
Last Updated: 6 hours ago
Data Source: Bright MLS , MLS# NJCD2085920
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HomeSmart First Advantage Realty
Last Updated: 6 hours ago
Data Source: Bright MLS , MLS# NJCD2085920
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