1536 SILVER Street
About This Property
Two more bedrooms upstairs and another full bath complete the second floor.
No historic house is complete without its grounds. Often, the gardens and landscapes around these homes are as historically significant as the buildings themselves. The backyard live oak is over 450 years old. Off street parking driveways flank the house with access to the fenced back yard from either side. The huge covered deck off the rear of the house has curtains for privacy or to block the rain on a windy day.
The detached workshop has two rooms for storage or hobbies and as well as its own front porch.
Located just two blocks north of Klutho Park, home to many neighborhood events as well as a disc golf course, baseball field, and bike and walking paths you're in the center of everything. Two block east and you're on Main St near all the eateries and eclectic businesses.
Tax records show home built in 1911, but city directory shows an Ethel Bateman, 19, clerk, living there with her widowed mom, Mary, 54, in 1904.
Virtual staging done in some rooms
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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%.
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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 |
|---|---|---|---|
| Dec 30, 2025 | Sold | ||
| Sold | |||
| Dec 10, 2025 | In contract | - | |
| In contract | |||
| Oct 10, 2025 | Price Decreased |
$489,000
↓ $10K
(2%) | |
| Price Decreased | |||
| Sep 12, 2025 | Price Decreased |
$499,000
↓ $16K
(3.1%) | |
| Price Decreased | |||
| Aug 7, 2025 | Price Decreased |
$515,000
↓ $10K
(1.9%) | |
| Price Decreased | |||
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About Springfield
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017