8 W MOUNT VERNON AVE
About This Property
Welcome to this turn-key Victorian style home located in the desirable Elizabeth Haddon section of Haddonfield. You are immediately greeted with an expansive wrap-around front porch; ideal for morning coffee. Upon entering, an abundance of natural light and original hardwood floors can be found throughout. The family room off the foyer leads into an enlarged dining room; featuring a bay window and built-in wine closet. The kitchen features stainless steel appliances, granite countertops, and a breakfast area; complete with sliding glass doors leading to the back yard. Off the breakfast area is a spacious family room boasting of a brand new skylight. A half bath and unfinished basement are accessible from the kitchen.
Three bedrooms, a spacious full bath and laundry room occupy the second floor. The fourth bedroom is located on the third floor as well as additional storage space.
The home has updated recessed lighting throughout and energy efficient Pella windows. The roof is 7 years old and water heater was replaced in 2023.
Enjoy the acclaimed schools of Haddonfield, walkability to Haddon Ave restaurants/shops, and accessibility to the PATCO when commuting to Philadelphia.
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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 |
|---|---|---|---|
| Jun 17, 2024 | Sold | ||
| Sold | |||
| May 10, 2024 | In contract | - | |
| In contract | |||
| May 6, 2024 | Price Decreased |
$700,000
↓ $25K
(3.5%) | |
| Price Decreased | |||
| Apr 23, 2024 | Listed by Weichert Realtors-Haddonfield | $725,000 | |
| Listed by Weichert Realtors-Haddonfield | |||
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About Haddonfield
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017