415 LAKE AVENUE
About This Property
Just off the kitchen is a versatile step-down playroom featuring exposed beam ceilings, upgraded tile flooring, recessed lighting, interior access to the oversized garage, and a sliding glass door leading to the backyard. Whether used as a playroom, home office, or recreation room, this flexible space can easily adapt to your needs. Step outside to the impressive 20' x 14' covered patio overlooking the spacious fenced backyard. The yard features mostly maintenance-free vinyl fencing, a separate stone patio with fire pit area, and a partially finished storage shed. Whether enjoying your morning coffee, hosting summer barbecues, or relaxing around the fire pit with family and friends, this backyard offers outstanding outdoor living space. The first floor also includes two generously sized bedrooms with beautiful oak hardwood flooring and a fully renovated ceramic tile bathroom. Upstairs, you'll find two oversized 17' x 16' bedrooms, a second beautifully renovated ceramic tile bathroom, and a walk-in attic providing additional storage while housing one of the home's two HVAC systems. A full walkout basement offers tremendous potential to create additional finished living space while already providing abundant storage. The basement includes the updated 200-amp electrical service, wiring, two sump pumps, one of the home's two HVAC systems (2021), the new gas hot water heater (2026), and a convenient laundry area with washer and dryer included. The location is simply exceptional. Enjoy beautiful views of Alcyon Lake, located just steps from Betty Park, featuring a playground, scenic walking paths, fishing opportunities, and benches overlooking the water. You'll also love being within walking distance of historic downtown Pitman, where you'll find unique shops, outstanding restaurants, brewery, Historical Broadway Theater with year around, plays, concerts, children's events, Pitman's craft fair & parade.
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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%.
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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.
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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 |
|---|---|---|---|
| Oct 7, 2026 | Price Decreased |
$425,000
↓ $15K
(3.4%) | |
| Price Decreased | |||
| Sep 10, 2026 | Listed by BHHS Fox & Roach-Mullica Hill South | $439,900 | |
| Listed by BHHS Fox & Roach-Mullica Hill South | |||
| Oct 19, 2023 | Sold | ||
| Sold | |||
| Sep 13, 2023 | Listed by Keller Williams Realty - Washington Township | $389,900 | |
| Listed by Keller Williams Realty - Washington Township | |||
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This gorgeous 4 bedroom 2 full bathroom cape cod has been beautifully renovated. The first floor has an open floor plan, new high efficiency windows that flows tons of natural sunlight causing a bright, warm & homey aura. True hardwood floors that have been refinished with a modern stain. The living room has gas fireplace (as is) and recessed lighting … side door entryway as there are two driveways on both sides of the house for extra parking spaces. The kitchen is aesthetically impressive designed for functionality. New kitchen cabinets, granite countertops and center island. Newer stainless steal stove, refrigerator, dishwasher, and built in microwave. The kitchen also has a lovely garden box window for your herbs plants & flowers, and recessed lighting ensures the best visibility while preparing your meals. There is a room off the kitchen that can be used as breakfast nook, study, den or playroom. It has sliding glass doors that takes you to the fully covered concrete patio. To the left of patio is a brick paved area used for fire pit or can be used for more seating ( hang out area) The yard is large and fully fenced. There is a shed that is close to being finished…. Fully functional but needs to be completed on exterior. There is a one car attached garage that is extra wide for storage use. There are two doors in garage… one into the interior and one that goes to backyard for convenience. Upgrades include 2 zoned HVAC system, roof, bathrooms, rewired electrical and newer electrical box, interior, exterior doors and locks. The basement has a laundry room with a folding station. The basement is huge and can easily be finished. Plenty of room for workshop ,office, gym and or playroom. There is plumbing for a bathroom and tons of storage, and walkout steps from basement to yard. The property has a view of the lake from front door and is in walking distance to up town Pitman where there is historic Broadway Theater, shops ,restaurants, & churches. This town has a true sense of community, semi annual craft fair, charity & school events, parades and much more. Pitman is a fabulous place to live! Don’t miss out on the opportunity to own this remodeled gorgeous home. Make your appointment today!
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| Sep 3, 2021 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017