20 TOM WELLS ROAD
About This Property
with Space for Everyone: While the property is officially listed as a four-bedroom, it includes multiple bonus rooms that can be configured to suit your needs-think home office, hobby room, playroom, or additional bedrooms. Three bedrooms are located upstairs, along with a full bath. Downstairs, you'll find a fourth bedroom, a half bath, and at least two additional bonus rooms, providing plenty of flexibility for your family's lifestyle. A Prime Setting with Ample Parking: Set on a sprawling one-acre lot, the property's wooded surroundings offer a peaceful retreat with a large front yard and ample space for parking multiple vehicles. The home's previous use included a professional home office setup, and for those interested in utilizing the space as a business, certain uses may be eligible for grandfathered status. While this home is ready for cosmetic updates, it already boasts several important upgrades. ROOF SHINGLES REPLACED 2015, NEW HVAC SYSTEM INSTALLED 2018 (including an air conditioner condenser and coil also installed in 2018. The property is heated by an oil furnace (2018), with an above-ground oil tank located downstairs in the utility room for convenience and ease of maintenance. Great Customization Potential! A Blank Canvas, Sold As-Is: This home is being sold as-is, allowing buyers to take it over with a clean slate. Buyers are welcome to conduct their own due diligence and inspections, giving you the opportunity to assess the property and bring your own vision to life. A Home Ready for a New Chapter: 20 Tom Wells Road is a blank canvas awaiting its new family. With room to expand, grow, and customize, this large property offers the space and setting to create a truly unique home environment. This home is brimming with potential for those looking to make it their own in a peaceful corner of Winslow Township. Schedule your private tour today and discover how this spacious property can be transformed into your dream home. Opportunities like this are rare-don't miss your chance to bring new life to 20 Tom Wells Road
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Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 29, 2025 | Sold | ||
| Sold | |||
| Feb 19, 2025 | In contract | - | |
| In contract | |||
| Jan 5, 2025 | Price Decreased |
$339,900
↓ $20K
(5.6%) | |
| Price Decreased | |||
| Dec 27, 2024 | Price Decreased |
$359,900
↓ $10K
(2.7%) | |
| Price Decreased | |||
| Dec 13, 2024 | Price Increased |
$369,900
↑ $30K
(8.8%) | |
| Price Increased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017