$265,000
●
House -
Off Market
501 N READ AVE
RUNNEMEDE, NJ 08078
4 Beds
2 Baths
1,296 Ft²
$260,982
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model
About This Property
THIS ONE IS A BEAUTY! NOTHING TO DO BUT PACK YOUR BAGS!
WAIT UNTIL YOU SEE THIS UPDATED 4 BEDROOM, 2 FULL BATH CAPE
COD WITH OPEN SPACIOUS LIVING ROOM, 2+/- YEAR YOUNG KITCHEN
WITH SHAKER WHITE WOOD CABINETS WITH GRANITE COUNTERTOPS AND
STAINLESS STEEL APPLIANCES, FEATURES A FULL MODERN THREE
PIECE BATH ON FIRST FLOOR WITH NEWER VANITY AND CERAMIC TILE
FLOORING, AND TWO BEDROOM WITH WOOD FLOORING, SIX PANEL WOOD
DOORS AND MORE. SECOND FLOOR FEATURES TWO GOOD SIZED BEDROOMS
AND A FULL BATH WITH WALK IN SHOWER WITH RAIN FALL SHOWERHEAD.
FEATURES A FULL UNFINISHED BASEMENT FOR ADDITIONAL STORAGE,
UPDATED GAS HEAT, CENTRAL AIR CONDITIONING AND MORE.
RELAX ON YOUR REAR COVERED DECK AND ENJOY THE LARGE REAR YARD
ON DOUBLE LOT. THIS ONE WILL NOT LAST ITS THAT NICE!
Unit Size
1,296 Ft²
Days on Market
-
Land Size
0.47 acres
Price per sqft
$177
Property Type
House
Property Taxes
$541
HOA Dues
-
Year Built
1942
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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: 4 years ago (Bright MLS #NJCD422378)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 4, 2021 | Sold | ||
| Sold | |||
| Jun 13, 2021 | Listed by Family Five Homes | $229,900 | |
| Listed by Family Five Homes | |||
| Jul 30, 2017 | Listed | $114,900 | |
| Listed | |||
| | |||
|
Lovely cape cod in desirable Runnemede location with easy access to Blackhorse pike, Turnpike and 295. Four good sized bedrooms, 2 full baths, bright and airy eat in kitchen and recently renovated downstairs bath. This home sits on an oversized lot which backs to the woods. The full basement is waterproofed with a transferrable warranty. The home is in good condition but due to market drops is a short sale being sold in 100% "as is" condition. Buyer is responsible for CO and any repairs needed for any reason. Seller is using a reputable attorney for the short sale so we expect the process to be smooth. This is not like many short sales. The owner is keeping the place in good shape and utilities on. They want someone to enjoy this home. It's worth your time to take a look.The manager has listed the unit size as 1296 square feet.
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Runnemede
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Listed by: Anna Chain
Family Five Homes
Last Updated: 9 hours ago
Data Source: Bright MLS , MLS# NJCD422378
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Family Five Homes
Last Updated: 9 hours ago
Data Source: Bright MLS , MLS# NJCD422378
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