36 Chesterfield Rd, Columbus, NJ 08022

Singlefamily: 3 bedrooms , 1.5 bathrooms

Year built: 1681, Size: 2160 SF

Investment strategy: Fix and Flip

Investment Summary

Financial Breakdown

Project Cost Breakdown

THIS HOME HAS HEART - Located in Mansfield Township, in the Northern Burlington School District. This warm and welcoming 2, 160 sq. ft. Circa 1681 Classic Farmhouse includes a separate 50' x 30' Four Car Detached Garage/Workshop! Proudly Perched in the Village of Georgetown (with a 25 mph speed limit and speed bump) , a Winding Driveway leads you through a Gently Sloping Hillside with Mature Perennial Gardens and Shade Trees, an Adorable Chicken Coop and an Additional Shed. There is Ample Room for a Vegetable Garden, Picnic Grove and even a Fire Pit if you like! The Front Exterior of this Very Special Home boasts a Rare and Formidable Covered Rotunda with Lighting for a Relaxing and Unique Porch Experience. The Oversized Antique Front Door opens to a Grand Foyer. To the right of the Foyer, is the Heart of the Home. It features a large 27' x 13' Kitchen with Granite Countertop, a beautiful working Wood Burning Fireplace, amazing Original Wide Plank Knotty Pine Flooring, and an Open Beamed High Ceiling, there is Plenty of Room to add more Cabinetry, Counter Space and /or a Island workspace! The Breakfast Room features a Cedar Planked Ceiling, Sky Light, Large 30" Wall Oven with a Full Baking Counter and Access to The Laundry Room. To the left of the Grand Foyer, you will find the Formal Dining Room and a separate Living Room/Parlor accentuated with high ceilings, crown moldings, and fireplace. The Powder Room is tucked away behind the staircase. The Second Floor offers Three Large Bedrooms and a Huge Full Bathroom with a Classic Clawfoot Tub/Shower plus a Gorgeous Office/Bonus Room with original Wide Plank Floors and It's Very Own private Stairway that leads down to the Kitchen near the Back Entry of the Home. The Third Floor has Two Massive Rooms that are a blank canvas for YOUR personal use. The First floor has Central Heat and Air Conditioning, Second floor has Electric Heat with individual thermostats in each room. All Out Buildings have Electric , Upgraded electric panel in basement, 3D shingled roof and many replacement windows throughout. Check out the floor plan in the photos! Conveniently located just minutes from NJTPK exit 7 (Bordentown), Highway Routes 68, 206, and 295. Only one hour to Philadelphia or to the Jersey Shore. Although being sold "AS IS '', this Historic Country Home is totally livable and has had many improvements throughout the years. It is not listed in the Historical Registry so there are no limitations on repairs and improvements. Files from previous owners indicate that this home was originally named "Newbold Messuage" and was once owned by many prominent government officials and 4 US Postmasters. Underneath the Rotunda was the original Georgetown Post Office, which was once a mail/stagecoach stop. It eventually closed in 1920 when the Columbus Post Office opened. At one point, the breakfast room was once the local Doctor's Office with the entry being in the Laundry Room. Cash, Conventional or FHA203K financing only. This is a rare opportunity to live in, fix up, restore, and create sweat equity! See it today and make it yours!

Financial Breakdown

Project Returns

Timeline Assumptions

This charts shows the influence of leverage on Return on Investment (ROI). Purchase price is considered as the Value in the LTV ratio here. The calculation considers all buying, holding, repair and selling costs, purchase price, ARV and an interest-only loan with rate of 12.00% p.a.

Sale Proceeds Breakdown