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$517,857Estimated home value

Beds
4
Baths
2.5
sq ft
2,142

11 Elbow Ln, Cherry Hill, NJ 08003

11 Elbow Ln

CHERRY HILL, NJ 08003

  • Sold On 7/26/2024
Beautifully updated 4-bedroom 2.5-bath home nestled on a cul-de-sac in desirable Old Orchard neighborhood of Cherry Hill. A sunlit foyer with gorgeous staircase and hardwood floors greets you as you enter the home. The wood floors extend through the spacious living and dining rooms to the right of the foyer. The eat-in kitchen was updated 5 years ago and features luxury vinyl plank flooring, granite countertops, plenty of white cabinetry and upgraded appliances. The kitchen opens to a cozy family room with wood-burning fireplace and access to the back yard. Also conveniently located on the first level are a powder room and office with access to the 2-car garage. Upstairs are the large primary bedroom with attached full bathroom and 3 spacious bedrooms with hardwood floors and a full bathroom off the hallway. Located in the full basement, complete with a French drain and sump pump, are laundry and storage areas and plenty of potential for additional living space. The icing on the cake of this Cherry Hill gem is the beautiful deck and deep lot that backs to the middle school. The roof is newer (2014/15). HVAC was replaced in 2012, Electrical service has been updated to 200 amp. This home even has an electric vehicle charging station in the garage! All you have to do is move in! Conveniently located to major highways including Routes 70 & 73, I-295 and the NJ Turnpike, less than 5 miles to the Patco Speedline Station. Dozens of shopping, dining and recreational options within a few miles, plus those highly rated Cherry Hill schools! Schedule your tour today.

Details

Property type

Single Family Residence

Est. home value

$517,857

Lot size

0.43 acres

Price per sq ft

$225

Year built

1965

Annual property taxes

$10,243

HOA

No

Price History

07/26/2024
Bright

Bright #NJCD2070236

Sold
$525,000
+9.38%
06/26/2024
Bright

Bright #NJCD2070236

Pending
$480,000
06/21/2024
Bright

Bright #NJCD2070236

Listed
$480,000

Schools & Community

Neighborhood: 

Greentree

Elementary school: 

JOSEPH D. SHARP E.S.

Middle school: 

BECK

High school: 

CHERRY HILL HIGH - EAST

Community features: 

Sidewalks, Street Lights

School district: 

CHERRY HILL TOWNSHIP PUBLIC SCHOOLS

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$274,365
Asking price
$480,000
Closing costs (~8% of asking)
-$38,400
Est. remaining loan balance
-$167,235
Cash to seller
$274,365

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Quicken Loans Llc

Loan start date

July 2021

Original loan amount

$205,000

Est. remaining balance

$167,235

Interest rate

2.23%

Loan type

New Conventional, 15 year

Seller

Joseph A Frankenfield and Lois T Frankenfield

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Off Market

Tomo last checked: 09/28/2024 at 1:00 PM

Listing updated: 09/23/2024 at 10:18 PM

Listed by: David S Rifkin, Keller Williams Realty - Cherry Hill Phone #: (856) 321-1212

MLS: Bright #NJCD2070236

Bright logo

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