72 E SHIPPS WAY
About This Property
This expanded Barnegat II model is set on a premium lot facing a park-like median and boasts a handsome brick front elevation with side-lighted entry door. Inside, thoughtful builder upgrades and a spacious layout combine comfort and elegance including gleaming hardwood flooring flowing from the foyer through the rear family room, and a bonus 2nd floor for expanded living!
The formal Living and Dining Rooms, complemented by an entryway with crown molding and striking pillar accents, are enhanced by oversized windows creating an inviting entertaining space. A bright Kitchen with white cabinetry, butcher block island, recessed lighting, and generous dining area opens seamlessly to the adjoining Family Room. Here, soaring ceilings, a gas fireplace framed by built-in shelving, and a large atrium door leading to the paver patio set the stage for cozy nights or lively gatherings.
The main-level Primary Suite impresses with a tray ceiling, window bump out, two walk-in closets, ceiling fan, and a Full Bath featuring dual sinks, walk-in shower, and linen closet. A spacious 2nd Bedroom, 2nd Full Bathroom with tub, and a Laundry room with utility sink and direct access to the attached 2 car Garage complete the first floor.
Upstairs, the Loft expands your living options and includes a full 3rd Bedroom guest suite with its own private Bath and walk-in closet-perfect for visitors or multigenerational living. Multiple attic access doors provide excellent bonus storage.
This home also offers peace of mind with an Energy Efficient Rating and significant updates-all NEW in the past year: roof, HVAC, hot water heater, and professional chimney flue cleaning. Additional features include a security system, irrigation system, and an electric garage door opener.
A rare find in Newtons Landing-where lifestyle, upgrades, and efficiency all come together!
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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 18, 2025 | Sold | ||
| Sold | |||
| Oct 22, 2025 | In contract | - | |
| In contract | |||
| Oct 2, 2025 | Listed by BHHS Fox & Roach-Moorestown | $480,000 | |
| Listed by BHHS Fox & Roach-Moorestown | |||
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About Burlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017