8 WOLVERTON
About This Property
Newton's Landing Cape May II model featuring 2-3 Bedrooms and 3 Full Baths! HUGE semi-finished Basement! This home is set on a premium Corner Lot facing open space with park benches for neighborly gathering and located in a premier and highly desirable 55+ community along the Rancocas! Pride of ownership abounds as this Pulte built home was locally known as the community's "Christmas House" for it's festive annual decorations. Stone front elevation, covered front porch, concrete driveway and attached 2 car Garage with bonus storage! Attractive floorplan includes entryway hardwood floors running through the hallway and front facing traditional Dining Room with pillar detail and hearty crown molding. The Eat-in Kitchen features 42" cabinets, pantry, Gas range, dishwasher and double sink and overlooks the inviting and sun-drenched Living Room! This room offers 3 transom windows making this a Delight for entertaining, as there's no home directly next door on this side. Looking for a main floor Den or Office? The additional 11x10 florida room can be used for anything you'd like - you might even have a set of French doors added for that bit of privacy from the living room. The Owner's suite provides a MASSIVE walk-in Closet and attached full Bathroom offering dual vanities, corner soaking tub, stall shower and toilet closet. This main floor also houses a 2nd Bedroom, 2nd Full guest Bath, Laundry room, storage closet and Garage access. Looking to Host holiday family extended stays?!....Head downstairs to the Finished Family room / Guest Suite featuring a Large Bedroom with closet organizer system and attached Full Bathroom boasting dual sinks, walk-in shower and linen closet! The Unfinished Storage side of the basement is extra spacious for any additional storage. Wired security system, Lawn irrigation, and a 1 year HSA home warranty with roof leak protection is included for buyers peace of mind as this home is being sold in present as-is condition. Fabulous retirement community with preferred amenities including a Pool, Tennis Court, Club House with billiard room, gym, meeting room, as well as Walking path along the Rancocas Creek, and the best part - this home is located just 15 homes from all the action, yet quietly located!
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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 |
|---|---|---|---|
| Mar 14, 2025 | Sold | ||
| Sold | |||
| Feb 9, 2025 | In contract | - | |
| In contract | |||
| Jan 17, 2025 | Price Decreased |
$459,900
↓ $10K
(2.1%) | |
| Price Decreased | |||
| Jan 16, 2025 | Relisted | $469,900 | |
| Relisted | |||
| Dec 2, 2024 | In contract | - | |
| In contract | |||
Property Highlights
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About Burlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017