58 WATSON DRIVE
About This Property
Set in Stone Mill Estates in Mount Laurel Township, 58 Watson Drive offers a functional layout with 4 bedrooms, 2.5 baths, and 2,030 square feet. The family room with gas fireplace opens to the kitchen, creating an easy flow for everyday living, while the kitchen includes a breakfast area and working peninsula for added prep and seating space. The primary bedroom overlooks the back yard and features an en-suite bath with a soaking tub, walk-in shower, and a new double-sink vanity. An unfinished basement adds storage and future finished potential, and the fenced yard provides defined outdoor space where you're sure to enjoy the patio in the warmer months. Located in Mount Laurel, the home is approximately 0.3 mi to ShopRite of Union Mill Road, 0.2 mi to Towne Square Shopping Center, 1.8 mi to Starbucks, 1.7 mi to T.E. Harrington Middle School, and 3.6 mi to Lenape High School, with convenient access to shopping, dining, commuter routes, and Philadelphia. Don't wait to make this the one you call "Home."
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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 |
|---|---|---|---|
| May 14, 2026 | Sold | ||
| Sold | |||
| Apr 16, 2026 | In contract | - | |
| In contract | |||
| Apr 12, 2026 | Relisted | $600,000 | |
| Relisted | |||
| Mar 31, 2026 | In contract | - | |
| In contract | |||
| Mar 20, 2026 | Listed by BHHS Fox & Roach - Robbinsville | $600,000 | |
| Listed by BHHS Fox & Roach - Robbinsville | |||
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About Burlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017