501 Circle Drive
About This Property
Looking for privacy, space and a setting that truly feels special? This one of a kind property in Upper Freehold offers over 2 acres of beautifully wooded land, backing to preserved farmland, a rare combination of serenity and natural beauty, all within the highly desirable Allentown School district. From the moment you pull up to the circular driveway, you feel the separation from the everyday. Lush landscaping & mature trees create a peaceful, park like setting that is hard to replicate. Inside, the living room immediately draws you in with a stunning stone wood burning fireplace and a dramatic wall of windows overlooking the backyard. Beamed ceilings create a warm and inviting atmosphere. The kitchen with breakfast bar opens to the dining area, making it the perfect place to entertain or simply enjoy time together.
An enclosed porch just off the dining room provides the ideal space for gatherings or quiet relaxation.
The finished basement with wet bar and wood burning stove adds valuable living space and is perfect for hosting, game nights or unwinding at the end of the day.
Enjoy endless summer days in the beautiful heated salt water pool that invites you to relax and recharge. A charming footbridge crosses a gentle creek, adding a storybook touch to this picturesque setting.
With an oversized three car detached garage and peaceful countryside stretching beyond your backyard, this is more than just a home, it is a retreat. Come Take A Peek...you will not be disappointed.
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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 |
|---|---|---|---|
| Apr 28, 2026 | Sold | ||
| Sold | |||
| Apr 9, 2026 | In contract | - | |
| In contract | |||
| Mar 27, 2026 | Relisted | $765,000 | |
| Relisted | |||
| Mar 10, 2026 | In contract | - | |
| In contract | |||
| Feb 21, 2026 | Listed by RE/MAX Central | $765,000 | |
| Listed by RE/MAX Central | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017