$1,275,000
●
House -
Off Market
8 BLUE SPRUCE DR
PENNINGTON, NJ 08534
4 Beds
4 Baths,
1
Half Bath
$1,277,138
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model
About This Property
An exciting opportunity to own a newly-built home on a
beautiful lot in highly sought-after Elm Ridge Park. An
extraordinary layout and a broad front porch are just two of the
many wonderful features of this home.
Unit Size
-
Days on Market
-
Land Size
1.38 acres
Price per sqft
-
Property Type
House
Property Taxes
$612
HOA Dues
-
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 4 years ago (Bright MLS #NJME2016602)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 5, 2023 | Sold | ||
| Sold | |||
| May 12, 2022 | Listed by Callaway Henderson Sotheby's Int'l-Princeton | $1,275,000 | |
| Listed by Callaway Henderson Sotheby's Int'l-Princeton | |||
| Jun 16, 2021 | Sold | ||
| Sold | |||
| Mar 19, 2021 | Listed by Callaway Henderson Sotheby's Int'l-Pennington | $325,000 | |
| Listed by Callaway Henderson Sotheby's Int'l-Pennington | |||
| | |||
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On 1.38 acres, in the much-adored enclave of Elm Ridge Park, here’s an incredibly rare opportunity to make your dream home a reality in an established neighborhood that’s close to so much! On a street lined with homes in a variety of sizes and styles, this lovely, treed lot has already been approved for a 5-bedroom septic with the disposal bed installed. The lot offers plenty of greenery and mature trees and there is natural gas in the street. Near Pennington and Hopewell Boroughs, and downtown Princeton, you’ll find an array of dining choices, gourmet markets, and Hopewell Valley schools all within easy reach. Stop dreaming and enjoy the pleasure of new construction!
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Property Highlights
Air Conditioning
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Status
Type
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Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Mercer
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Listed by: Maura Mills
Callaway Henderson Sotheby's Int'l-Princeton
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# NJME2016602
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Callaway Henderson Sotheby's Int'l-Princeton
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# NJME2016602
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