CMA — 109 Bells Lake Rd, Blackwood NJ | ProLegacy Realty
Comparative Market Analysis

109 Bells Lake Road

Blackwood · New Jersey · 08012
Bedrooms*
4
Bathrooms*
2
Living Area
1,900 sf
Year Built
1968
RVM Est.
$450,070
Estimated Market Value
$450,000
RPR-estimated (RVM) · July 2026
Recommended List Price Range
$419,900–$439,900
Target: $429,900
Overview
Subject Property
Single Family · Blackwood

109 Bells Lake Road

Blackwood, New Jersey 08012 · Camden County
109 Bells Lake Rd
Living Area
1,900 sq ft
Year Built
1968
Bedrooms / Baths
4 Bed / 2 Bath (estimated*)
Building Type
Single Family
Condition
Not confirmed
RVM Est. $/SF
$237/sf
Report Date
July 2026
Municipality
Gloucester Township
School District
Black Horse Pike Regional
Key Features
1,900 sf
1968 Build
4 Bedrooms*
2 Baths*
RPR RVM (9/12/26)
$450,070
*Bed/bath count is an estimate provided by the listing agent, not yet confirmed via MLS or public record. Condition has not been independently assessed; treat estimate accordingly until verified.
Market Data
Comparable Sales
7 Pin Oak Ct
Comparable 01
Sold
7 Pin Oak Ct
Blackwood, NJ 08012 · 0.67 mi
$399,000
Sold Aug 4, 2026 · $233/sf · 12 DIR
3 Beds
2 Baths
1,714 sf
Built 1976
Condition Unknown
Smaller than the subject by nearly 200 sf and one fewer bedroom, but sold very quickly (12 days). Condition wasn't confirmed for this comp, so its $233/sf is treated as a general market data point rather than a condition-matched benchmark.
Adjusted Indication (at $233/sf): ~$443,000
Fast sale, condition unconfirmed
12 Castor Ct
Comparable 02
Sold
12 Castor Ct
Blackwood, NJ 08012 · 0.71 mi
$480,000
Sold Jun 23, 2026 · $250/sf · 7 DIR
4 Beds
2 Baths
1,918 sf
Built 1973
Partially Updated
This is the closest match available — same bed/bath count as the subject's estimate and nearly identical square footage (1,918 vs. 1,900 sf). It's only partially updated, not fully remodeled, and still sold in just 7 days at the highest $/sf in this comp set. This is the anchor comp for this analysis.
Adjusted Indication (at $250/sf): ~$475,000
Best match — anchor comp
1724 Lee Ct
Comparable 03
Sold
1724 Lee Ct
Blackwood, NJ 08012 · 0.77 mi
$455,000
Sold Apr 6, 2026 · $182/sf
Beds/Baths N/A
2,504 sf
Built 1976
Original Condition
The largest comp in the set, in original, unrenovated condition — its low $233/sf explains a high total price despite the lowest $/sf here. This is a useful floor reference for what an original-condition home fetches, but its much larger size limits its direct comparability.
Floor Reference — Original Condition
Original condition floor
1779 Congress Dr
Comparable 04
Sold
1779 Congress Dr
Blackwood, NJ 08012 · 0.78 mi
$521,500
Sold Aug 11, 2026 · $211/sf · 19 DIR
4 Beds
4 Baths
2,473 sf
Built 1983
Fully Remodeled
Fully remodeled and the highest total sale price in the set, but also the largest and has twice the bathroom count of the subject's estimate. Its relatively modest $211/sf reflects its much larger size. Useful as a remodeled ceiling reference, not a direct condition match.
Ceiling Reference — Remodeled, Larger Home
Remodeled, not a direct match
Comparable analysis considers living area, condition, price per square foot, age, current market activity, and likely buyer perception. Adjustments are estimated and intended for broker opinion of value purposes only. Condition was confirmed by the listing agent for 3 of 4 comps: 1779 Congress Dr (remodeled), 1724 Lee Ct (original), and 12 Castor Ct (partially updated). 7 Pin Oak Ct's condition was not confirmed. An active listing, 36 Bridge Dr ($575,000, 5bd/4ba, 2,796 sf, 230 days on market), was excluded from this analysis as it has not closed and its long market time suggests it may be overpriced.
Subject
$450K
RVM Est. Value
List Range
$419.9K–$439.9K
Target $429,900
Comp 01
$399K
1,714 sf · Condition Unk.
Comp 02
$480K
1,918 sf · Partial Update
Comp 03
$455K
2,504 sf · Original
Comp 04
$521.5K
2,473 sf · Remodeled
Pricing Analysis
Market Valuation
ProLegacy Realty · CMA

109 Bells Lake Rd, Blackwood NJ

Estimated Market Value
$450,000
RPR RVM · ~$237/sf · July 2026
RPR's own RVM (Realtor Valuation Model) for the subject $450,070
12 Castor Ct — closest match, partially updated ($250/sf) $480,000
7 Pin Oak Ct — condition unconfirmed ($233/sf) $399,000
1724 Lee Ct — original condition, floor reference ($182/sf) $455,000
1779 Congress Dr — fully remodeled, ceiling reference ($211/sf) $521,500
Recommended List Price Range $419,900 – $439,900
Methodology: 12 Castor Ct is the strongest available comp — nearly identical square footage and the same estimated bed/bath count as the subject — and even in only partially updated condition, it sold in 7 days at $250/sf. That result lines up closely with RPR's own automated valuation of $450,070 for the subject. 1724 Lee Ct (original condition) and 1779 Congress Dr (fully remodeled) bracket the range this market supports based on condition alone, from roughly $182/sf to $211/sf on larger homes. Since the subject's own condition hasn't been independently confirmed, this report recommends a list price range rather than a single figure: $419,900 to $439,900, with $429,900 as the target starting point. Pricing Strategy: Starting near the middle of this range balances exposure to buyers searching under key price thresholds with the strong support from the Castor Ct comp and RPR's valuation model.
Context & Strategy
Market Notes

Condition Reference (Agent Notes)

1779 Congress Dr — Fully remodeled. 12 Castor Ct — Partially updated. 1724 Lee Ct — Original condition, not updated. 7 Pin Oak Ct — Condition not confirmed. Subject (109 Bells Lake Rd) — Condition not yet confirmed; bed/bath count (4/2) is an estimate pending MLS or in-person verification. Keep this reference handy when finalizing the list price within the recommended range.

Blackwood / 08012 Market Overview

Closed sales near the subject over the past several months span a wide range ($399,000 to $521,500), largely explained by condition — fully remodeled homes are commanding a premium, while original-condition homes trade meaningfully lower even when larger.

Subject Property Opportunity

At an estimated 1,900 sq ft with 4 bedrooms and 2 bathrooms, 109 Bells Lake Rd is nearly a direct size and configuration match for 12 Castor Ct, the strongest comp in this report. Confirming the subject's actual condition and bed/bath count should be a priority before finalizing pricing.

Pricing Strategy & Buyer Psychology

A list price range of $419,900-$439,900 is recommended rather than a single figure, reflecting the unconfirmed condition of the subject relative to comps that vary widely by condition. Starting near $429,900 keeps the listing competitive against 12 Castor Ct's $480,000 sale while accounting for uncertainty.

Why the $450,000 Estimate Is Supported

RPR's own automated valuation model places the subject at $450,070, and this independently lines up with 12 Castor Ct's $480,000 sale (nearly identical size/configuration, only partially updated) scaled down modestly for condition uncertainty. 1724 Lee Ct and 1779 Congress Dr bracket the realistic range based on condition alone. This convergence across an independent valuation model and the closest physical comp gives this estimate solid support.

Chris Farruggio

Chris Farruggio

Realtor Associate · ProLegacy Realty, LLC
📞 732-615-8806✉ Chris@prolegacyrealty.com

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This Comparative Market Analysis is prepared for informational purposes only and does not constitute a licensed appraisal. Values are based on available property data, property details, comparable market activity, and current market conditions as of July 2026. All adjustments are estimated. Market conditions are subject to change. This report does not guarantee any specific sale price. The subject's estimated market value incorporates RPR's Realtor Valuation Model (RVM), an automated estimate, alongside comparable sales analysis. Bed/bath count and condition for the subject property are estimated and should be confirmed before finalizing any listing decisions.