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1516 Dorset Road
About This Property
The open-concept interior showcases gleaming hardwood floors and crisp crown molding, setting a sophisticated tone for daily living. Culinary enthusiasts will appreciate the beautiful kitchen, featuring a GE convection glass-top oven, counter-flush refrigerator, Delta pull-out faucet, and stylish cabinet pulls. Entertain with ease under the updated dining room fixture or relax in the light-filled living area where custom dimmers allow for perfect ambiance. Every bedroom and the living room feature ceiling fans to ensure year-round comfort, while custom shell shades provide privacy on nearly every window. The primary suite serves as a sanctuary with its double vanity and a walk-in closet equipped with a convenient additional outlet.
This home stands on a superior foundation with extra cinder blocks for lasting stability. Mechanical excellence is a priority here, evidenced by a hot water heater replaced three years ago and a high-quality whole-house water filtration system. The HVAC system is exceptionally maintained with quarterly filter changes and biannual servicing, boasting a five-year-old motor, digital thermostat, and whole-house dehumidifier. Wider gutters protect the exterior, while a thirteen-point Simplisafe alarm system offers total peace of mind. Step outside to a sprawling backyard perfect for gardening or recreation.
Located in the heart of Powhatan, you are minutes from the scenic trails of Powhatan State Park and the recreational facilities of Fighting Creek Park. Local favorites like the Village's dining scene and craft breweries are just a short drive away, offering a perfect blend of rural charm and modern convenience with an easy commute to Richmond. Schedule your tour today and experience the quality and care of this move-in-ready home!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 21, 2026 | In contract | - | |
| In contract | |||
| Apr 1, 2026 | Listed by Real Broker LLC | $450,000 | |
| Listed by Real Broker LLC | |||
| Aug 27, 2015 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017