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16 VIRGINIA AVENUE
About This Property
This thoughtfully maintained 3-bedroom, 2 full bath home is filled with warmth and functionality. The spacious main-level primary suite features a large walk-in closet with a full bath just outside of the room. A bonus family room at the rear of the home creates additional gathering space with a newer pellet stove for cozy evenings and opens seamlessly to brand-new Trex decking and a screened porch - ideal for relaxing evenings, entertaining guests, or enjoying the peaceful backyard setting.
Outside, the large fenced yard is enhanced by a new vinyl privacy fence, providing both space and seclusion. A long paved driveway leads to an oversized detached garage with room for two vehicles, a workshop, and abundant upper-level storage.
Major system updates provide peace of mind, including a new roof (2021), HVAC system (2012), and hot water heater (2025). The home also features a reverse-osmosis water treatment system supplying purified drinking water to both the kitchen sink and refrigerator, along with a beautiful new front door. Don't let this one slip by!
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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 |
|---|---|---|---|
| Jul 10, 2026 | Sold | ||
| Sold | |||
| Jun 17, 2026 | In contract | - | |
| In contract | |||
| Jun 13, 2026 | Price Decreased |
$598,000
↓ $7K
(1.2%) | |
| Price Decreased | |||
| Jun 5, 2026 | Price Decreased |
$605,000
↓ $20K
(3.2%) | |
| Price Decreased | |||
| May 28, 2026 | Listed by Real Broker, LLC - Severna Park | $625,000 | |
| Listed by Real Broker, LLC - Severna Park | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017