24 Wellsona Road
About This Property
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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 |
|---|---|---|---|
| May 9, 2025 | Sold | ||
| Sold | |||
| Mar 24, 2025 | Listed by RE/MAX Success | $1,750,000 | |
| Listed by RE/MAX Success | |||
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Ranch Life.... Redefined! This Westside 40+ acre ranch perfectly blends classic beauty and ultimate functionality. Located just a couple miles northwest of Paso Robles, you'll love the convenience of the location, yet won't believe the feeling of seclusion here. Rarely do you find such a property, offering completely useable, oak dotted rolling acreage together with high quality ranching infrastructure and a stunning residence. Speaking of the residence, you would never know that the original structure was built nearly 50 years ago. The current owners invested huge sums of dollars and love to completely transform the 3 bedroom house into a home that guests don't soon forget. Wrapped in a custom sueded stucco finish, you'll notice attention to detail everywhere you look. A modern twist on Spanish Hacienda architecture was the goal, and it was perfectly executed as you'll see browsing the photo gallery. From the gorgeous custom designer flooring to the hand troweled drywall finishes.... the quartz counters to the hammered copper farmhouse sink - no detail was overlooked. With the exception of the floor-to-ceiling fireplace stone and the tongue & groove wood ceiling in the living room, every other surface has been replaced with new. Top-of-the-line Milgard windows - check. New HVAC system - check. All new electrical & plumbing - check. Even the tile roofing underlayment, attic insulation and in-wall plumbing! You get the point - it has all been redone in the last 7 years, making this dreamy Hacienda live like a new custom home! Entertaining friends and family is a treat, whether gathered around the massive kitchen island or outside in the easy care but incredibly inviting patio areas. If the privacy and natural beauty isn't enough for you, the views are beyond words.... especially since you can enjoy the panoramas in all directions without sitting atop a hill, being blasted by winds. There is more to this ranch though than just a great location and breathtaking house. The acreage is fully perimeter fenced and cross-fenced, providing ideal provisions for your hooved friends. Pipe fencing & 6-strand wire, pastures, paddocks with rain covers, tack and storage rooms, wash rack, etc - plus a 32x60 pole barn and a 30x30 shop building with 3/4 bath and bunkhouse room! Drought resistant landscapes, solar powered entry gate and another beautiful homesite (with separate entry) for a second home are additional extras. Be sure to check out the feature video!
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| Mar 7, 2018 | Sold | ||
| Sold | |||
| Oct 2, 2017 | Listed by RE/MAX Parkside Real Estate | $910,000 | |
| Listed by RE/MAX Parkside Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017