$192,500
●
House -
Off Market
809 SPRUCE LN
WILLIAMSTOWN, NJ 08094
1 Bed
1 Bath
520 Ft²
$1,337
Est. Monthly
$428
HOA / Fees
9.06%
Cap Rate
About This Property
Additional photos coming soon... Recently renovated 1 bedroom 1
bath home in Timberlake! Nestled right across from the lake on a
double sized lot. Waterproof flooring throughout, granite
countertops, stainless steel appliances including gas stove,
refrigerator, and dishwater. New washer and dryer included as well.
Detached garage, fenced in yard with shed for additional storage,
only one block from the lake club house! Simple living on the
lake!!
Unit Size
520 Ft²
Days on Market
46 days
Land Size
0.32 acres
Price per sqft
$356
Property Type
House
Property Taxes
$291
HOA Dues
$428
Year Built
1960
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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: 3 years ago (Bright MLS #NJGL2041082)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 12, 2024 | Sold | ||
| Sold | |||
| Apr 27, 2024 | In contract | - | |
| In contract | |||
| Apr 8, 2024 | Listed by Farley & Ferry Realty Inc | $185,000 | |
| Listed by Farley & Ferry Realty Inc | |||
| Feb 24, 2023 | Sold | ||
| Sold | |||
| Sep 2, 2022 | Listed by Avalar - Atlantic Properties | $90,000 | |
| Listed by Avalar - Atlantic Properties | |||
| | |||
|
Back on the market! Enjoy one floor living in this lake community home. Lake view! Timber Lakes has playgrounds and a club house. Year built 1960--possible lead based paint. Insured Escrow (IE) for FHA financing. Eligible for FHA 203K. Financing: Cash, FHA, or Conventional. Buyer to verify all information. Sold in AS IS condition--there is no warranty as to condition of property. Equal Housing Opportunity.
| |||
Property Highlights
Garage
Air Conditioning
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Victory Lakes
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Listed by: GIANNA MAZZONE
Farley & Ferry Realty Inc
Last Updated: 2 hours ago
Data Source: Bright MLS , MLS# NJGL2041082
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Farley & Ferry Realty Inc
Last Updated: 2 hours ago
Data Source: Bright MLS , MLS# NJGL2041082
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