Airy, bright, and immaculate! This beautiful second (top) floor,
largest, 1,228 sqft desirable Longmont Model is an end unit with
extra window in Master Bedroom. Totally renovated, 2-bedroom,
2-full bath with loft, vaulted ceiling and skylight, condo is in a
quiet, sunny, and sought for community of Tamarron at Princeton
Meadows. Homeowners Association completely replaced roof, siding,
windows, sliding door, and Trex balcony in 2020 - ALL PAID IN FULL
BY THE OWNERS! NO SPECIAL ASSESSMENT!! Low HOA fees ($222/month).
This charming and cozy condo features an open floor plan with
Luxury vinyl floors and custom interior paint throughout, including
kitchen, bathrooms, and walk-in closet. This home welcomes you into
an EXTRA-LARGE living/dining room area. Living room features a
fireplace with tile surround and new fire box, wall-to-wall windows
with a slider and a side door that open to a balcony, and a
separate dining area. A remodeled kitchen features professionally
painted white cabinets with newer hardware, granite countertops and
ornamental backsplash, under mount sink with disposal, and vinyl
floor. Kitchen is open to living room and dining room. A spacious
master bedroom suite includes wall-to-wall carpeting, two windows
with cordless blinds and window treatments, and a walk-in closet.
Upgraded master and hallway full baths feature soaking
tubs/showers, modern fixtures, new elongate toilets, light
fixtures, mirrors and Kohler vanity cabinets. Second bedroom has
wall-to-wall carpeting, a window with cordless blind, window
treatment, and a closet. A laundry room adjoining to hallway bath,
and linen, storage and coat closets complete the first floor.
Carpeted stairs lead to the expansive loft with ceiling fan with
light fixture and skylight that can be used as fitness or play area
or as an office. There is a utility room adjoining the loft.
Development offers swimming pool, tennis courts, playground,
grounds maintenance, snow/trash removal, and recycling. Paved
sidewalk can be used as jogging/walking trail that encircles the
development. Conveniently located to parks, WW-P schools, shopping
malls, restaurants, golf course, PennMed Princeton Medical Center,
downtown Princeton and Princeton University and bus line. Quick
access to highways and Princeton Junction Train Station. Easy
commute to NYC and Philly! Owner is the listing agent with NJ Real
Estate license.
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.
Cooling Type: Central Air, Ceiling Fan(s), Heat Pump
Heating Type: Electric, Forced Air, Heat Pump
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Management Fee, Common Area Maintenance, Insurance, Maintenance Structure, Reserve Fund, Snow Removal, Trash, Maintenance Grounds, Maintenance Fee
Association Fee2 Frequency: Monthly
Community Features: Outdoor Pool, Playground, Tennis Court(s), Sidewalks
Pets Allowed: Yes
7304 Tamarron Drive
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