1835 Wellspring Drive
About This Property
Inside, the residence offers a comfortable and welcoming layout. A standout feature is the spacious upstairs great room, offering wonderful flexibility as an additional large bedroom, a home office, playroom, or media center – adapting easily to your family's needs.
Step outside into the expansive backyard, a true highlight of the property. Beautifully landscaped, it provides a generous private retreat for outdoor living, entertaining, or simply enjoying the California sunshine. The location benefits from the local pleasant microclimate, often enjoying gentle breezes during the summer months and comfortable warmth through the winter.
The current owners, who arrived as first-generation immigrants from China, chose this house as the foundation for their new life. It was within these walls that their children thrived, achieving significant milestones that included acceptances to esteemed universities like UC Berkeley and Princeton, with their daughter graduating with honors.
As a meaningful gesture of goodwill, and hoping to pass on the positive legacy of their home, the owners are generously including several instruments that filled the house with music: their grand piano, a violin, and the very viola their daughter played to national acclaim.
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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 3, 2025 | Sold | ||
| Sold | |||
| May 9, 2025 | In contract | - | |
| In contract | |||
| Apr 30, 2025 | Price Decreased |
$1,480,000
↓ $70K
(4.5%) | |
| Price Decreased | |||
| Apr 2, 2025 | Listed by ReMax 2000 Realty | $1,550,000 | |
| Listed by ReMax 2000 Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017