NOT LISTED FOR SALE

5 Drake Ct Mount Laurel, NJ 08054

Estimated Value: $485,835 - $567,000

4 Beds
3 Baths
-- Sq Ft
0.25 Acres

Last Sold July 29, 2016

Last sale price $273,000

Est. 90% increase in value since last sale

Current estimated payment $3,440/month

Highlights

  • Eat-In Gourmet Kitchen
  • Colonial Architecture
  • Cathedral Ceiling
  • Lenape High School Rated A-
  • Traditional Floor Plan
  • Wood Flooring

About This Home

As of August 2022

Welcome to The Essex Model by Procacci Homes! Unique opportunity to rent this newly constructed home. This home features an open floor plan with a 2 story foyer. Gathering room that flows into a gourmet kitchen with spacious Island overlooking the bright morning room! Kitchen features wood floors, granite counters, hood vent and tile backsplash. Stainless steel appliances. Pantry and 1st floor laundry. The Gathering room features a 2 story gas fire place with stone wall. First floor also has 9' ceilings with recessed lights in all rooms, a Study that could be an additional bedroom and full bath. Also formal living room and dining room. Upstairs you will find the owners suite with large walk in closets and a custom tile bath with soaking tub and shower. 3 additional spacious bedrooms with generous closets. All with recessed light upgrades. Full walkout basement with extra high ceilings. 2 Zone heat, tank-less water heater, 2 Car garage with openers. On a cul-de-sac. Call Today! Good credit a must! Income 2.5x rent. No pets.

Last Agent to Rent the Property

Rebecca Holland

(609) 417-3619 rebeccahollandsellshouses@gmail.com RE/MAX ONE Realty-Moorestown License #9035134 Listed on: 05/10/2022

RE/MAX ONE Realty-Moorestown

Last Renter's Agent

Rebecca Holland

(609) 417-3619 rebeccahollandsellshouses@gmail.com RE/MAX ONE Realty-Moorestown License #9035134 Listed on: 05/10/2022

RE/MAX ONE Realty-Moorestown

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,454

Year Built

  • Built in 2022

Lot Details

  • 0.25 Acre Lot
  • Property is in excellent condition

HOA Fees

  • $79 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 2 Driveway Spaces
  • Front Facing Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Contemporary Architecture
  • Advanced Framing
  • Architectural Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Property has 2 Levels
  • Traditional Floor Plan
  • Cathedral Ceiling
  • Recessed Lighting
  • Stone Fireplace
  • Gas Fireplace
  • Family Room Off Kitchen
  • Living Room
  • Dining Room
  • Den
  • Bonus Room

Kitchen

  • Eat-In Gourmet Kitchen
  • Breakfast Area or Nook
  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Walk-Up Access
  • Exterior Basement Entry
  • Sump Pump

Eco-Friendly Details

  • Energy-Efficient Windows

Schools

  • Lenape Reg High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Tankless Water Heater
  • Natural Gas Water Heater

Listing and Financial Details

  • Residential Lease
  • Security Deposit $9,000
  • Tenant pays for all utilities, water, sewer, snow removal, minor interior maintenance, light bulbs/filters/fuses/alarm care, gas, heat, cable TV, cooking fuel
  • The owner pays for real estate taxes
  • Rent includes lawn service
  • No Smoking Allowed
  • 12-Month Lease Term
  • Available 7/15/22
  • $250 Repair Deductible
  • Assessor Parcel Number 24-01004 01-00016 03

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,454

Year Built

Built in 2022

Lot Details

0

HOA Fees

$79 per month

Parking

2

Rental Info

  • Date Available: 2022-07-15
  • Owner Pays: Taxes - Real Estate
  • Pets Allowed: No
  • Rent Includes: Lawn Service
  • Security Deposit: 9000.00
  • Smoking Allowed Yn: No
  • Tenant Pays: Utilities - All, Water, Sewer, Snow Removal, Minor Interior Maintenance, Light Bulbs/Filters/Fuses/Alarm Care, Gas, Heat, Cable Tv, Cooking Fuel
  • Vacation Rental: No
  • Property Manager: No
  • Max Lease in Months: 12
  • Min Lease in Months: 12
  • Rent Spree Online Application: Yes

Listing Details

  • Property Type: Residential Lease
  • Structure Type: Detached
  • Architectural Style: Colonial, Contemporary
  • Inclusions: Washer, Dryer, Refrigerator
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 2022
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Welcome to The Essex Model by Procacci Homes! Unique opportunity to rent this newly constructed home. This home features an open floor plan with a 2 story foyer. Gathering room that flows into a gourmet kitchen with spacious Island overlooking the bright morning room! Kitchen features wood floors, granite counters, hood vent and tile backsplash. Stainless steel appliances. Pantry and 1st floor laundry. The Gathering room features a 2 story gas fire place with stone wall. First floor also has 9' ceilings with recessed lights in all rooms, a Study that could be an additional bedroom and full bath. Also formal living room and dining room. Upstairs you will find the owners suite with large walk in closets and a custom tile bath with soaking tub and shower. 3 additional spacious bedrooms with generous closets. All with recessed light upgrades. Full walkout basement with extra high ceilings. 2 Zone heat, tank-less water heater, 2 Car garage with openers. On a cul-de-sac. Call Today! Good credit a must! Income 2.5x rent. No pets.
  • Repair Deductible: 250.00
  • Special Features: 4098
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Cooktop, Microwave, Oven - Wall, Refrigerator, Stainless Steel Appliances, Washer, Water Heater - Tankless
  • Flooring Type: Carpet, Hardwood, Tile/Brick
  • Interior Amenities: Breakfast Area, Family Room Off Kitchen, Floor Plan - Traditional, Kitchen - Eat-In, Kitchen - Gourmet, Kitchen - Island, Pantry, Recessed Lighting, Upgraded Countertops, Walk-In Closet(s), Wood Floors
  • Window Features: Energy Efficient
  • Fireplace Features: Gas/Propane, Stone
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Cathedral Ceilings, Dry Wall
  • Foundation Details: Concrete Perimeter
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Study, Bonus Room
  • Basement: Yes
  • Basement Type: Full, Outside Entrance, Sump Pump, Walkout Stairs
  • Laundry Type: Main Floor
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Advanced Framing, Concrete
  • Roof: Architectural Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage Door Opener, Garage - Front Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air, Zoned
  • Heating: Yes
  • Hot Water: Natural Gas, Tankless
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 950.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: MOUNT LAUREL TOWNSHIP PUBLIC SCHOOLS
  • High School: LENAPE REG
  • High School Source: Listing Agent
  • School District Key: 300200396964
  • School District Source: Listing Agent
  • High School: LENAPE REG

Lot Info

  • Lot Size Acres: 0.25
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10890.00
  • Property Condition: Excellent
  • Zoning: RES

Tax Info

  • Assessor Parcel Number: 23377729
  • Assessor Parcel Number: 24-01004 01-00016 03
  • Close Date: 08/05/2022

MLS Schools

  • School District Name: MOUNT LAUREL TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 6, 2019
Sold by
Soderstrom Dorothea
Bought by
Soderstrom Dorothea G and Soderstrom Irrevoca Dorothes G
Current Estimated Value
$518,709

Purchase Details

Listed on
Sep 11, 2015
Closed on
Jul 29, 2016
Sold by
Krouse Joseph E
Bought by
Soderstrom Dorothy
Seller's Agent
Jack Yao
Realmart Realty, LLC
Buyer's Agent
Michael Williams
HomeSmart Nexus Realty Group - Princeton
List Price
$279,900
Sold Price
$273,000
Premium/Discount to List
-$6,900
-2.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.26%
Original Mortgage
$268,055
Outstanding Balance
$214,592
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$304,117

Purchase Details

Closed on
Sep 28, 1994
Sold by
Hovnanian Adult Communities Inc
Bought by
Krouse Joseph E and Krouse Dorothy L
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Soderstrom Dorothea G -- None Available
Soderstrom Dorothy $273,000 Surety Title Co
Krouse Joseph E $160,770 Congress Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Soderstrom Dorothy $268,055
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2022 08/05/22 Rented $2,750 -52.2% --
06/08/2022 06/08/22 Under Contract -- -- --
05/16/2022 05/16/22 Price Changed $5,750 -4.2% --
05/10/2022 05/10/22 For Rent $6,000 0.0% --
07/29/2016 07/29/16 Sold $273,000 -2.5% $150 / Sq Ft
07/15/2016 07/15/16 Pending -- -- --
07/15/2016 07/15/16 For Sale $279,900 0.0% $154 / Sq Ft
07/09/2016 07/09/16 Pending -- -- --
04/20/2016 04/20/16 Price Changed $279,900 -1.8% $154 / Sq Ft
11/10/2015 11/10/15 Price Changed $284,900 -1.7% $157 / Sq Ft
09/11/2015 09/11/15 For Sale $289,900 -- $159 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,454 $236,100 $65,500 $170,600
2024 $7,173 $236,100 $65,500 $170,600
2023 $7,173 $236,100 $65,500 $170,600
2022 $7,149 $236,100 $65,500 $170,600
2021 $6,526 $236,100 $65,500 $170,600
2020 $6,878 $236,100 $65,500 $170,600
2019 $6,807 $236,100 $65,500 $170,600
2018 $6,755 $236,100 $65,500 $170,600
2017 $6,580 $236,100 $65,500 $170,600
2016 $6,231 $236,100 $65,500 $170,600
2015 $6,155 $236,100 $65,500 $170,600
2014 $6,092 $236,100 $65,500 $170,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJBL2025150

Bright MLS

APN: 24-01601-0000-00015