292 Walter Road
About This Property
Tucked away in Chalfont, this charming blue bungalow blends modern style with timeless character, offering a rare opportunity to own a thoughtfully updated home with deep historical roots. Originally built in early 1900's as a Sears & Roebuck home, this single family residence began as a peaceful summer retreat for a Philadelphia family. Over a century later, its warmth and character still shine through. This home carries a history you can truly feel, right down to the original hitching posts that once welcomed horses.
Inside, the home has been carefully updated to reflect modern charm while preserving its original integrity. The layout is light filled and inviting, with living and dining spaces that flow seamlessly together, creating an open yet comfortable environment for both everyday living and entertaining. A structural LVL beam has been thoughtfully added to support the second floor, enhancing both function and flexibility. For buyers thinking long term, this provides the opportunity to expand upward, adding even more value and versatility.
The finishes strike a perfect balance between cozy bungalow charm and the features today's buyers expect. A new roof adds peace of mind, making this move in ready home as practical as it is beautiful. A spacious two car garage adds everyday convenience and extra storage, a feature that is increasingly valuable in homes of this era.
Step outside and the lifestyle continues. Located in desirable Chalfont, this home offers the charm of a tucked away neighborhood while remaining close to everything Bucks County has to offer. Enjoy mornings at Peace Valley Park, weekends at Peace Valley Lavender Farm, or quick trips into nearby Doylestown and Montgomeryville for shopping, dining, and entertainment.
For commuters, the location is exceptionally convenient, with easy access to Routes 202, 309, and 152, along with nearby SEPTA Regional Rail stations in Chalfont and Colmar on the Lansdale Doylestown Line. Traveling into Philadelphia and surrounding areas is simple and efficient.
This Chalfont home is truly a rare find, combining history, thoughtful updates, and future potential in one of Bucks County's most desirable locations. Whether you are drawn to its character, its updates, or its location, this home offers a lifestyle that feels both connected and serene.
This is more than just a house. It is a place with a story, beautifully brought into the present and ready for its next chapter.
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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%.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017