57 CHESTNUT RD
About This Property
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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 |
|---|---|---|---|
| Dec 16, 2024 | Price Decreased |
$520,000
↓ $29K
(5.3%) | |
| Price Decreased | |||
| Aug 25, 2024 | Price Decreased |
$549,000
↓ $26K
(4.5%) | |
| Price Decreased | |||
| Jul 8, 2024 | Listed | $575,000 | |
| Listed | |||
| | |||
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💰 MAJOR PRICE IMPROVEMENT!!! 🏠 NEW SEPTIC SYSTEM AND NEW HVAC SYSTEM JUST INSTALLED! 👀 Discover the chance to own a spacious two-story home in the highly sought-after Stow Creek Township, set on approximately 3.5 acres in the peaceful and rural outskirts of Cumberland County. 🌳🏡 Built in 2007 and offering over 3,100 square feet of living space, this home is a blank canvas ready for you to create your dream residence. 🎨✨
Upon arrival at 57 Chestnut Rd, you'll be greeted by a stunning custom home, partially secluded from the roadway, with an inclined U-shaped concrete driveway leading to your doorstep. 🚗🏠 If you crave space, this home delivers in abundance. Enter through the covered front porch into a welcoming foyer with vaulted ceilings and original hardwood floors throughout most of the home. 🌟🌿 The layout flows seamlessly from the living room to the newly remodeled kitchen and the rear dining room. The kitchen features new soft-close cabinets, a newer electric stove, and an oversized refrigerator. 🍳🛋️
This expansive home boasts FIVE bedrooms and FOUR full bathrooms, making it ideal for any buyer. 🛏️🛁 It offers a perfect setup for an in-law suite with the first-floor primary bedroom, complete with a sitting area and a full bathroom. The first floor also includes a second bedroom, currently used as an office, and an additional full bathroom. 💼
Upstairs, you'll find the second primary bedroom suite with a large bonus sitting area and a private full bathroom. The second floor also features two additional bedrooms and the fourth full bathroom. The unfinished basement offers endless possibilities and includes laundry hookups. 🧺✨
Although the home requires some TLC, it boasts several recent updates. The roof is believed to have been installed in 2017, the oversized septic system was just replaced in 2024, and a new HVAC system was just added in November 2024. Additionally, the electric water heater is newer, and a water treatment system was installed in 2023. 🔧🛠️ The expansive, secluded 3.5-acre property is highly desirable, featuring a covered rear porch and a two-car garage. 🚗🌳
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| May 4, 2023 | Sold | ||
| Sold | |||
| Apr 6, 2023 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017