If you’re looking for a prime investment opportunity in the heart of South Plainfield, 334 Coppola Drive is the property you’ve been waiting for. This 2-bedroom, 2-bath condo is priced competitively at just $405,000, making it a standout deal in today’s market. Let’s explore why this fully updated property is an excellent investment, especially when compared to other recent sales in the area.
Market Comparison
To put things into perspective, take a look at some of the recent sales in the same complex and nearby areas:
• 334 Coppola Drive (not updated): Sold for $400,000.
• 1038 Frank Court: Sold for $410,000. • 628 English Court: Sold for $415,000.
• 1026 Frank Court: Sold for $435.
• 314 Coppola Drive (under contract): Listed at $415,000.
Given these figures, 334 Coppola Drive is priced below other comparable properties in the area, offering a fully updated home at a lower price. The potential for appreciation, especially with the updates, makes this a property you won’t want to miss.
Top Reasons to Invest in 334 Coppola Drive1. Prime Location
South Plainfield is a highly sought-after area due to its convenient location. 334 Coppola Drive is near major highways like Highway 287, Route 27, and Route 1, providing easy access to nearby cities and attractions. Additionally, the property is close to Rutgers University, making it ideal for students, professors, or anyone looking for proximity to an academic hub.
2. Community Perks
The community offers a clubhouse, swimming pool, and playground, perfect for families and individuals alike. This ensures that residents not only enjoy their private space but also benefit from the added amenities.
3. Great for Families
The property is located in a safe and friendly neighborhood, making it a fantastic choice for families with children. The amenities, combined with the proximity to schools, parks, and shopping centers, create a comfortable and convenient lifestyle.
4. Build Equity vs. Rent
Let’s take a look at the numbers. If you’re currently renting a similar property for $2,800 per month, over 5 years you’ll spend roughly $168,000 with nothing to show for it in terms of ownership or equity. However, by purchasing 334 Coppola Drive, you’ll not only be investing in a home but also building equity over time.
Considering the property appreciation rate is typically around 5% per year, a property bought for $405,000 could be worth $517,000 in just 5 years, earning you $112,000 in equity. Compare that to renting, where you’d be spending money without any long-term financial gain.
Why Buy Now?
• Low Interest Rates: With rates currently favorable, your mortgage payments could be comparable to or even lower than monthly rent.
• Appreciation Potential: The South Plainfield area has shown steady property value appreciation, and this well-maintained, fully updated unit is in a prime position to increase in value.
• High Demand: Properties like this, with great location and updates, don’t stay on the market long. It’s a perfect opportunity for both investors and homeowners.
Call to Action
If you’re tired of throwing away money on rent and want to invest in a home that will build your wealth over time, 334 Coppola Drive is your ideal choice. This property offers a perfect balance of comfort, community, and investment potential.
Contact Realtor Broker Manager at 732-877-8585 to schedule a showing today. Don’t miss out on this incredible opportunity to own a home in one of South Plainfield’s best locations!
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Would you like me to create a graph comparing renting vs. buying scenarios or any further edits?