219 Third Avenue
About This Property
This well-maintained Colonial residence with geothermal cooling and heating offers 4 bedrooms and 2.5 bathrooms, ideally located on a tree lined street in the heart of Pelham.
Inside, you're welcomed by a mudroom and gracious foyer that leads to a cheery sun filled living room with a wood-burning fireplace. A connected first-floor sunroom with three exposures provides flexible space for guests or remote work. Flow into the sizable formal dining room, ideal for gatherings and includes a bonus Dishware closet. Enjoy cooking in the eat-in kitchen designed with vintage character: includes space for casual dining, boasts two exposures, a gas range and has a vented cooking hood. A full bath and two entry coat closets round out the first floor.
Upstairs, you'll find three well-lit bedrooms all with ample closets, a full windowed bathroom plus linen closet, and a bonus room that can serve as a home office, exercise room, or walk-in closet. The finished attic with added dormer is currently used as an office and includes tons of storage. In addition to the 2,298 of recorded square feet the walk-out deep basement has another 512 sq. ft of usable recreation room area and includes laundry, a utility sink, ample storage, two hot water tanks(one gas, one geothermal), geothermal mechanicals and a contractor toilet.
Outside the driveway can accommodate up to three cars. The level backyard is fully fenced and features a patio, garden area, and custom shed for additional storage or firewood. In ground sprinklers will keep the azaleas, peonies, and other colorful perennials in the flower beds blooming.
Recent upgrades and improvements include:
• New roof (1999)
• Electrical service upgraded to 200 amps (1999)
• Ductwork installed (1999)
• New windows throughout (2000)
• Steel chimney liner added (2020)
• Geothermal heating and cooling system installed (2021)
• Replacement of main water plumbing lines (2024)
The property is situated just one block from the new Hutchinson Elementary School and within three blocks to the Pelham Metro-North station, offering an approximately 28-minute commute to Grand Central Terminal. Fifth Avenue's restaurants, cafes, shops and the Sunday farmers' market are also nearby. This section of Pelham-often referred to as "Pelville"-is known for its strong sense of community, including neighborhood events and a friendly atmosphere.
Move-in ready and thoughtfully updated over 26 years by one family.
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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 |
|---|---|---|---|
| Sep 10, 2025 | Sold | ||
| Sold | |||
| Jul 26, 2025 | In contract | - | |
| In contract | |||
| Jun 17, 2025 | Price Decreased |
$999,000
↓ $101K
(9.2%) | |
| Price Decreased | |||
| May 14, 2025 | Price Decreased |
$1,100,000
↓ $100K
(8.3%) | |
| Price Decreased | |||
| May 2, 2025 | Listed by Brown Harris Stevens | $1,200,000 | |
| Listed by Brown Harris Stevens | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017