16 Welling Avenue
About This Property
This beautiful six-bedroom colonial home was built in 1905 and is situated in the charming and historic village of Warwick. The home boasts stunning period details and remarkable curb appeal. Nestled on just under an acre of lush park-like grounds, this home is located in an ideal neighborhood. Upon arrival, you will be awe-struck by the lemonade-rocking chair porch that exudes charm and welcomes you inside. The grand foyer is adorned with warm wood touches, stained glass windows, hardwood floors, and built-ins that are all noteworthy. The first floor features an exquisite master suite complete with a gas fireplace, private full bath, walk-in closet, and dressing room. The architectural design of the home ensures seamless function and flow, with an additional second bedroom or home office on the main floor.
The secondary staircase transitions upstairs to an additional four bedrooms and a laundry room. The unfinished walk-up attic is perfect for all your storage needs. Spend most of your time outdoors enjoying the lush lawns, perennial gardens, hardscape patios, outdoor dining, and pastime pleasures under the side yard's outdoor covered porch. The period details carry over to the outdoor two-story carriage house, which is a rare beauty that would appeal to all studio seekers, hobbyists, collectors, or those simply looking for extra storage space. This home defines the perfect blend of Warwick village-country living at its finest, where everything is just outside your door, yet nestled in an idyllic and neighborly neighborhood that doesn't come along all that often. Showings are by appointment only. Warwick School District. Additional Information: Amenities:Guest Quarters,Storage,
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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 |
|---|---|---|---|
| Nov 16, 2023 | Sold | ||
| Sold | |||
| Oct 10, 2023 | In contract | - | |
| In contract | |||
| Sep 20, 2023 | Price Decreased |
$749,000
↓ $36K
(4.6%) | |
| Price Decreased | |||
| Jun 2, 2023 | Price Decreased |
$785,000
↓ $40K
(4.9%) | |
| Price Decreased | |||
| May 15, 2023 | Listed by RE/MAX Town & Country | $825,000 | |
| Listed by RE/MAX Town & Country | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017