53 KELLY DRIVER RD
About This Property
As you enter into the large 2 story foyer of this home take notice of the ceramic tile floor and curved staircase with hardwood flooring and railings. To your left is your formal living room and dining room with meticulously maintained hardwood flooring, chair rails and custom designed trim. This home comes complete with a Primary and a Secondary kitchen...Great for entertaining guests! The Primary kitchen has a Sub-Zero Refrigerator and a JennAir Stove and microwave, custom designed cabinets and wrap around counter top and opens to a Sun Room with plenty of windows and skylights for natural lighting. Take a step down into the sunken family room complete with hardwood flooring, shadow boxes, a gas fire place with a stone facade, elegant columns that surround the room and recessed lighting. Off of the family room is the Second kitchen and dining area. This kitchen has granite counter tops, skylights, and Viking Sub-Zero appliances and ceramic tile flooring. Rounding off the first floor is a Full Bathroom, an extra- large pantry and Laundry Room. The second floor also has all hardwood flooring in skylighted hallway and bedrooms. The over-sized master suite has tray ceilings, ceiling fan, recessed lighting, several large closets, and has a private entrance to the balcony that overlooks the expansive backyard, The master bath features ceramic tile flooring, skylights, a jetted-soaking tub, separate shower and an extended vanity! The remaining large 3 bedrooms and full-bath complete the second floor. The freshly painted unfinished basement has many options for storage or to designing as you wish. There are so many endless features to this home including a Generator backup system, triple zone HVAC, Multi- level security - including camera system and gates that open electronically, Water purifier, and 2 large hot water heaters. The expansive backyard includes a sparkling, heated Gunite pool and hot tub, plus a comfortable cabana with another full bath that is attached to a 3 car garage that is heated and has its own hot water heater, utility tub/sink, workbench, storage cabinets, and skylights that allows natural sunlight throughout the day. Behind the garage is a stucco sided storage shed that sits on an oversized concrete pad. The backyard also includes a paver patio area with a natural gas line to hook up to your grill.
This home's location is also ideal with easy access to major highways. You'll be conveniently located just off of Rt. 42 which makes commuting to Philly, AC, restaurants, and shopping a breeze! You will be 45 minutes from Atlantic City and 15 minutes from Philadelphia. Looking to go to NYC for the day? Less than 90 minutes you'll be there.
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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 |
|---|---|---|---|
| Mar 18, 2024 | Sold | ||
| Sold | |||
| Feb 14, 2024 | In contract | - | |
| In contract | |||
| Aug 21, 2023 | Listed by Century 21 Rauh & Johns | $849,900 | |
| Listed by Century 21 Rauh & Johns | |||
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About Camden
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017