$235,500
●
House -
Off Market
507 SUMMIT AVE
WESTVILLE, NJ 08093
3 Beds
1 Bath
1,374 Ft²
$1,105
Est. Monthly
About This Property
Buyers Financing Fell Through! Active Pending Signing of
Releases. Welcome to this 3 bedroom, 1 bath brick cape
located in the desirable Newbold section of Westville. This
single family home offers many possibilities for those just
starting out or Buyers who are looking to downsize. The
living room and bedrooms on the first floor all have original
hardwood flooring along with double closets that provide ample
space for storage. The third bedroom is located on the second
floor. The basement has high ceilings and has been partially
finished into additional living space. The kitchen and
bathroom are functioning but could use an upgrade. The roof
and the heater are newer. This property also has a brick detached
garage within the fenced in yard. With a little sweat equity,
this house could become your home! Be sure to click on the
"MOVIE" icon above the photo for the Virtual Tour. The
property is being sold strictly in "AS-IS" condition. Buyer
responsible for any repairs called for by the lender and also
responsible for the Twp Certificate of Occupancy.
Unit Size
1,374 Ft²
Days on Market
1 days
Land Size
0.13 acres
Price per sqft
$164
Property Type
House
Property Taxes
$557
HOA Dues
-
Year Built
1955
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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: 3 years ago (Bright MLS #NJGL2040028)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 8, 2024 | In contract | - | |
| In contract | |||
| May 8, 2024 | Sold | ||
| Sold | |||
| May 7, 2024 | Relisted | $235,500 | |
| Relisted | |||
| Mar 25, 2024 | In contract | - | |
| In contract | |||
| Mar 14, 2024 | Listed by Coldwell Banker Realty | $225,000 | |
| Listed by Coldwell Banker Realty | |||
Property Highlights
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Westville
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Listed by: Carmela Pirolli
Coldwell Banker Realty
Last Updated: 6 hours ago
Data Source: Bright MLS , MLS# NJGL2040028
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.
Coldwell Banker Realty
Last Updated: 6 hours ago
Data Source: Bright MLS , MLS# NJGL2040028
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