$240,000
●
House -
Off Market
505 LAKEVIEW AVE
PITMAN, NJ 08071
3 Beds
1 Bath
1,056 Ft²
$1,179
Est. Monthly
About This Property
**Multiple offers! Highest and best due by 11/11 at 6 pm**
Welcome to historic Pitman. "Everybody loves Pitman"
is the motto. Ranchers are highly sought after in this town.
This home has a large living room, a large dining room with
hardwood floors, a kitchen, and 3 bedrooms. There are double
closets in the first bedroom. The other 2 bedrooms have large
closets as well. This home has very high ceilings and a full
bath. There is an enclosed sunroom and a rear-covered patio.
The yard is deep and perfect for family and friend parties.
The full basement is huge with ample space for storage or
could be finished for more living space. The roof was done in 2019
and carries a 50-year warranty. The exterior was fully
painted in 2022 and the heater was installed in 2018 with a thigh
efficiancy unit. There are new exterior stairs on the front
to the enclosed porch and the fridge was purchased in 2020.
Located just 20 minutes from center city Philly, 45 minutes
to Atlantic City, and 2 hours from New York, Pitman is a great
place to be with easy access to major roads and attractions.
Call today for your personal tour
Unit Size
1,056 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$227
Property Type
House
Property Taxes
$545
HOA Dues
-
Year Built
1928
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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: 3 years ago (Bright MLS #NJGL2035852)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 12, 2024 | Sold | ||
| Sold | |||
| Nov 16, 2023 | In contract | - | |
| In contract | |||
| Nov 3, 2023 | Listed by RE/MAX Preferred - Mullica Hill | $240,000 | |
| Listed by RE/MAX Preferred - Mullica Hill | |||
Property Highlights
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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HOA + Taxes
About Pitman
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Listed by: Christopher Valianti
RE/MAX Preferred - Mullica Hill
Last Updated: 11 hours ago
Data Source: Bright MLS , MLS# NJGL2035852
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.
RE/MAX Preferred - Mullica Hill
Last Updated: 11 hours ago
Data Source: Bright MLS , MLS# NJGL2035852
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