509 GRAPE ST
About This Property
Go Grape! Don't miss out on your opportunity to live in one of Hammonton's premier neighborhoods. This home was a new construction build in 2015 and still shows as flawless today, as it did then. Features include four bedrooms, two and half baths (2 full are upstairs including a master) one car attached garage. There are beautiful hardwood floors to go with a stunning kitchen (consisting of a center island, granite countertops and new backsplash). The open floor plan concept from the kitchen to the living room is perfect! Your basement is finished making for an excellent playroom, office, home gym or entertainment area. You choose! Outside there's a beautiful, elevated trex deck off the back of the home (contains solar lighting around perimeter) that overlooks a stamped concrete patio and a 64 x 150 lot (ingress/egress from street). You're walking distance to schools, shopping and Downtown Hammonton.
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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%.
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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 |
|---|---|---|---|
| Mar 29, 2024 | Sold | ||
| Sold | |||
| Feb 29, 2024 | In contract | - | |
| In contract | |||
| Feb 14, 2024 | Listed by Crowley & Carr, Inc. | $489,900 | |
| Listed by Crowley & Carr, Inc. | |||
| Jul 20, 2015 | Sold | ||
| Sold | |||
| Apr 2, 2015 | Listed by Evergreen Real Estate, LLC | $269,900 | |
| Listed by Evergreen Real Estate, LLC | |||
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New construction house will be complete by 5/30/15. Great open floor plan with Granite Kitchen countertops, Stainless steel appliances, Hardwood flooring on first floor. All bathroom flooring is permastone.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017