16 Walnut Drive
About This Property
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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 |
|---|---|---|---|
| Jun 12, 2025 | Sold | ||
| Sold | |||
| Mar 30, 2025 | In contract | - | |
| In contract | |||
| Mar 10, 2025 | Price Decreased |
$699,995
↓ $15K
(2.1%) | |
| Price Decreased | |||
| Feb 5, 2025 | Listed by Signature Premier Properties | $714,888 | |
| Listed by Signature Premier Properties | |||
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Discover your dream suburban retreat in this immaculate Raised Ranch home! Featuring 3 generous bedrooms and 3 modern bathrooms, this residence offers ample space for comfortable living. The chef-inspired kitchen is a culinary delight, equipped with brand new, high-end appliances and abundant counter space, perfect for meal preparation and entertaining. For those needing a dedicated workspace, the additional office can easily be converted into a fourth bedroom, adapting to your lifestyle needs. The home's unique layout also presents an excellent opportunity for a mother/daughter setup, making it ideal for multi-generational living or potential rental income. With separate entrances on both the first and second floors, privacy and convenience are assured.
Venture outside to your private oasis, complete with a sparkling saltwater pool, perfect for relaxation or hosting gatherings with family and friends. Benefit from low electric bills thanks to fully paid-off solar panels and rest easy knowing the roof is just two years old, along with a brand new secondary water tank and oil burner. The primary bedroom offers an en-suite bathroom, creating a serene retreat after a long day. Located in the highly sought-after Shoreham school district, this home provides access to excellent educational opportunities. With a prime location close to local amenities, restaurants, and shops, everything you need is just moments away. Don’t miss your chance to make this stunning property your own. Schedule a showing today and experience the perfect blend of comfort, style, and functionality in this remarkable home! More Photos Coming!
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| May 24, 2024 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017