508 BOUNDARY RD
About This Property
This Home Has No Boundaries and Endless Possibilities ‼️ Come see for yourself this decadent, two story. As you arrive, you'll be pleased with the picture perfect curb appeal of the front porch(2nd porch is off the back of house), a "real brick face" front (don't miss the red door) The perfect place to enjoy any season.
The floor plan is nothing short of phenomenal. As you walk into your foyer, there's a formal dining room to your left and a massive living room on your right (featuring newer carpet and a wood burning fireplace surrounded by real stone) Both rooms lead to an extraordinary kitchen (3 years old) that features gorgeous cabinetry (soft close cabinets and drawers), granite countertops, a large eating area and stainless steel appliances!) Just off your kitchen is the sunroom. It's perfect for natural light but can also serve as a playroom, formal entertainment area, or office space. Adding a sliding barn door or french doors could provide you additional privacy off the kitchen or leave it open. You choose!
Upstairs you have 4 bedrooms (including a master bedroom with master bath). One bedroom has been converted into a custom, luxury, walk in closet with built ins and its own island (owner will convert back if buyer prefers). That's not all. The full basement is FINISHED, featuring beautiful decor, with new floors, a half bath and its own private office, in case you're looking to work from home! In addition there's an attached garage and an oversized storage shed (features electric) that has potential to be converted into a "hang out". Best of all, you're less than a mile to Historic Downtown Pitman, filled with restaurants, a brewery, shops and the Pitman theatre. Inventory in Pitman is SCARCE! Don't miss this opportunity❗️
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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 |
|---|---|---|---|
| Nov 4, 2024 | Sold | ||
| Sold | |||
| Oct 16, 2024 | In contract | - | |
| In contract | |||
| Sep 19, 2024 | Listed by Crowley & Carr, Inc. | $499,900 | |
| Listed by Crowley & Carr, Inc. | |||
| Jul 28, 2021 | Sold | ||
| Sold | |||
| Jun 9, 2021 | Listed by Keller Williams Realty - Washington Township | $349,900 | |
| Listed by Keller Williams Realty - Washington Township | |||
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This property is located one of the quietest streets in sought-after Pitman. Welcome to 508 Boundary Rd which is just a few blocks from Alcyon Lake Park with great nature trails and other fabulous amenities. Upon arrival to this stately home, you will be greeted by an oversized covered porch picture-perfect for summer nights and or decorating for the holidays. As you enter, you will be so pleased with the floor plan which is simply divine for entertaining. The kitchen has been updated too perfection with ss appliances, gorgeous cabinets, granite counters, tile backsplash and Large full eat in area. The sunlit family room is off the kitchen with views of the backyard, new carpet and paint. The Dining Room is off the kitchen which is wonderful if you are the host. The family room is huge with new carpet, wood burning stone fireplace, neutral paint and is just a perfect gathering spot. Use your imagination downstairs in the full finished basement complete with possible 5th bedroom, separate office space, play area or just a relaxing fun zone convenient with half bathroom. The spacious four bedrooms await you upstairs. The master bedroom offers on suite bathroom and dual closets. The additional three rooms are generous sized with new carpeting and paint. Mudroom with garage and outside access. The covered porch is lovely for grilling, summer fun and relaxing with some drinks. Backyard with oversized storage shed with electric. Enjoy the classic feeling of moving to a small, historic town. There are many traditions and events in this town throughout the year. Also, grab a bite to eat at many of the local restaurants, head to the theatre to catch a show, grab a drink at a brewery, and don’t forget the ice cream and coffee shops ! Tee off at the Pitman Golf Course which is down the street from property and its only 20 minutes to Philadelphia. Also, Easy Access to Routes 55, 42, 295, AC Expressway and the Turnpike, Rowan University and Inspira Hospital. This one will not last...Come and see why EVERYONE LOVES PITMAN. Best and final Tuesday June 15th @ noon.
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About Pitman
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017