tomo logo

$325,000

Beds
3
Baths
1.5
sq ft
1,130

121 Palmwood Ave, Cherry Hill, NJ 08003

121 Palmwood Ave

CHERRY HILL, NJ 08003

  • 1 day on market
    • Open house Apr 06
Turnkey Investment Opportunity – Cash-Flowing & Low Maintenance! Seize this incredible chance to own a tenant-occupied, income-producing property in the commutable Cherry Hill, NJ area! This well-maintained home is a hassle-free investment, delivering steady rental income from day one. With low-maintenance upkeep and a prime location, this property is perfect for seasoned investors or those looking to expand their portfolio with a reliable, cash-flowing asset. Cherry Hill’s strong rental demand ensures long-term value and consistent returns. Don’t miss out on this turnkey investment—secure your next profitable property today! Contact us for details and schedule an appointment.

Details

Property type

Single Family Residence

Est. home value

$291,116

Lot size

7,501 sq ft

Price per sq ft

$288

Year built

1950

Annual property taxes

$6,019

HOA

No

Price History

04/04/2025
Bright

Bright #NJCD2089764

Listed
$325,000
+19.93%
06/06/2022
Bright

Bright #NJCD2022712

Sold
$271,000

Schools & Community

Neighborhood: 

Ashland

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

CHERRY HILL HIGH - EAST

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

$104,209
Asking price
$325,000
Closing costs (~8% of asking)
-$26,000
Est. remaining loan balance
-$194,791
Cash to seller
$104,209

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

June 2022

Original loan amount

$203,250

Est. remaining balance

$194,791

Interest rate

5.11%

Loan type

New Conventional, 30 year

Seller

Brandi N Chin and Fabian Paul Chin

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: Active

Tomo last checked: 04/04/2025 at 7:45 PM

Listing updated: 04/04/2025 at 12:26 AM

Listed by: Vincent Kates JR., KW Empower Phone #: (215) 627-3500

MLS: Bright #NJCD2089764

Bright logo

Recently listed in CHERRY HILL