Burlington
440 MELROSE AVE
$327,000
●
House -
Off Market
440 MELROSE AVE
MAPLE SHADE, NJ 08052
2 Beds
1 Bath
1,200 Ft²
$1,547
Est. Monthly
About This Property
Enter into this move-in ready, beautifully updated 2-bedroom home,
where comfort and style blend seamlessly. Updated throughout,
featuring recessed lighting, a newer washer and dryer (2020), and a
new roof (2024). The open floor plan boasts a spacious living room
with gleaming wood floors, a dedicated dining area, and a large
kitchen featuring granite countertops, an island, and a gas stove.
The kitchen also includes a generous pantry, providing ample
storage space. Outside relax on the covered front porch or on the
patio in the tranquil fenced yard. A sprinkler system is throughout
both the front and back yards to help keep the lawn lush and green.
There is plenty of storage space in the pull-down attic, detached
garage, and shed. Don't miss the opportunity to make this fantastic
home yours!
Unit Size
1,200 Ft²
Days on Market
33 days
Land Size
0.21 acres
Price per sqft
$263
Property Type
House
Property Taxes
$513
HOA Dues
-
Year Built
1960
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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 #NJBL2073214)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 18, 2024 | Sold | ||
| Sold | |||
| Oct 2, 2024 | In contract | - | |
| In contract | |||
| Sep 24, 2024 | Listed by Redfin | $315,000 | |
| Listed by Redfin | |||
| Aug 14, 2020 | Sold | ||
| Sold | |||
| Jun 29, 2020 | Listed by Weichert Realtors - Moorestown | $189,900 | |
| Listed by Weichert Realtors - Moorestown | |||
| | |||
|
If you are looking for a move-in ready home this is it! Updated throughout. Great open floor plan with living room, dining area, and large kitchen. The living room has gleaming wood floors and for a bonus, the seller is leaving the large screen tv which is on the wall! There is a dining area as well as room in the kitchen for a table and even more room and counter space (which is granite) with the added island. The large pantry offers additional storage. Enjoy the nice, updated bathroom which can be entered from the hall or the master bedroom. Brand new carpet in each of the bedrooms. Relax on the covered front porch or on the patio in the fenced yard. Need extra storage? There is a pull-down attic, the detached garage, and a shed.
| |||
Property Highlights
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Burlington
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Listed by: Renee McDevitt
Redfin
Last Updated: 7 hours ago
Data Source: Bright MLS , MLS# NJBL2073214
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.
Redfin
Last Updated: 7 hours ago
Data Source: Bright MLS , MLS# NJBL2073214
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