1940 Chapman Road
About This Property
This delightful home offers 4 spacious bedrooms, 2 original bathrooms, and a dedicated office with built-in desk and shelving. The kitchen is a wonderful blend of nostalgia and practicality, featuring solid wood cabinets, a classic electric cooktop, and a cozy breakfast nook with a charming, tiled countertop and updated ceramic sink with a vintage chrome faucet. Recently updated windows bring a modern touch, enhancing the home's bright and airy feel, while still preserving its classic charm.
The generous two-car garage provides plenty of space for storage and more. Inside, you'll find the perfect layout for entertaining starting with the large, enclosed patio surrounded by windows, creating an inviting space to gather with family and friends year-round.
Step outside into the expansive backyard, where you'll find lemon, grapefruit, and tangerine trees, plus plenty of space for barbecuing and outdoor activities. The well-maintained pool and jacuzzi are surrounded by a child-safety white vinyl fence, with an enclosed pool equipment area, making it ideal for endless summer fun. The pool is also heated, offering year-round enjoyment, whether you want to swim in the summer or relax in the winter.
Additional updates include a fully insulated garage door, a new automatic opener and water heater installed just four years ago, and the A/C unit that has been professionally maintained annually. The pool has also been recently acid washed, and the tile cleaned, ensuring it's ready for summer fun. The home features copper re-piping and a roof replacement as well-details that can be easily verified with the City of Claremont. PLUS, WITH THE SELLER OFFERING A GENEROUS $20,000 CREDIT FOR UPDATES, you have a fantastic opportunity to personalize this well-loved home to your own tastes. Don't miss out on this rare chance to make this charming property your own and create the home of your dreams!
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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 |
|---|---|---|---|
| Dec 24, 2024 | Sold | ||
| Sold | |||
| Nov 28, 2024 | In contract | - | |
| In contract | |||
| Oct 7, 2024 | Relisted | $988,888 | |
| Relisted | |||
| Oct 6, 2024 | No longer available | - | |
| No longer available | |||
| Sep 25, 2024 | Listed by RE/MAX CHAMPIONS | $989,000 | |
| Listed by RE/MAX CHAMPIONS | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017