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7 Fairfax Dr, Mount Laurel, NJ, 08054

2beds
2baths
1,331sqft
$350,000
$263price/sqft
$2,666/moest. monthly cost
$106,640/yrincome needed

About This Home

7 Fairfax is an amazing opportunity for someone who wants to add their own personal touch to a home. This is a Madison model featuring two bedrooms and two full baths. Open floor plan and plenty of natural light. Extra wide backyard for those who appreciate the outdoors. Large master bedroom with walk in closet and en suite bath. Mechanicals and roof were updated. Add new flooring and some fresh paint and you will transform this home into your own. One car garage with opener and built in shelving. This home is a short walk to the club house and community pool. This home is in good shape but being sold in as is condition. Make your appointment today!

Getting Around

33
WalkingCar-Dependent
0
TransitVery Limited Transit
38
BikeSomewhat Bikeable

Schools

6/10
6/10
5/10
Lenape High SchoolGrades 9-123.3 mi

Construction

Condition

  • Year built: 1985

Materials

  • Foundation: Slab
  • Construction materials: Concrete

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch/Rambler
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Gas Water Heater

Basement

  • Area: 0

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bathrooms: 2
  • Main level bedrooms: 2

Features

  • Finished area below ground: 0
  • Finished area above ground: 1,331

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 1,331
  • Total interior livable area: 1,331 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 240150200004
  • Zoning: RES
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Pool features: Community

Lot

  • Lot size: 5,288 sqft
  • Lot size dimensions: 0.00 x 0.00

Parking

  • Total spaces: 1
  • Parking features: Garage Door Opener,Attached,Driveway
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Winter Weather
    Winter WeatherRelatively High
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Winter Weather
Ice Storm
Lightning
Strong Wind
Tsunami

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,769$21,228
Home Insurance *$101$1,212
Property Taxes $603$7,236
Electricity $193$2,318
Total$2,666$31,992
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$91,405/yr
40% on housing$79,980/yr
45% on housing$71,093/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.8%
7.8%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -2.0%
-2.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$263This listing

vs Other Active Listings

Avg $/sqft

ZIP 08054$202
Burlington County$217

vs Homes Sold Last Month

Median $/sqft

ZIP 08054$278
Burlington County$240

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-14Pending sale$350,000
2026-07-23Listed for sale$350,000
2015-01-01Sold$189,000
2009-07-06Sold$189,000
2009-04-11Price change$199,900
2009-01-11Price change$209,900
2008-11-27Price change$214,900
2008-10-14Listed for sale$215,000
2008-08-04Listing removed$219,000
2008-07-12Price change$219,000
2008-05-29Listed for sale$229,000

For Sale by Agent

AgentIvy Cabrera
BrokerageKeller Williams Realty - Medford

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