329 COVINGTON STREET
About This Property
Relax on the inviting front porch or unwind on the oversized private rear porch, ideal for enjoying your morning coffee or evening breeze. The 9x14 shed offers plenty of room for storage or woodworking projects, and the oversized garage features an access door and covered storage area for added convenience.
Situated on a huge in-town lot, zoned R2, the property may have future development potential (buyers should verify). The expansive yard offers plenty of space for outdoor activities and gardening. Located just a stone's throw from historic downtown Culpeper, you'll enjoy easy access to shopping, dining, and entertainment, all within a very walkable neighborhood equipped with sidewalks.
Offered strictly AS-IS, this bungalow is a fantastic opportunity for those looking to renovate, reconfigure, or expand. Make it your own and bring new life to this classic Culpeper gem!
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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 22, 2025 | Sold | ||
| Sold | |||
| May 6, 2025 | Price Increased |
$338,000
↑ $13K
(4%) | |
| Price Increased | |||
| May 6, 2025 | In contract | - | |
| In contract | |||
| Apr 28, 2025 | Listed by One Percent Lists Virginia | $325,000 | |
| Listed by One Percent Lists Virginia | |||
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PLEASE NOTE seller is currently reviewing Multiple Offers----Beautifully renovated -- APX $90,000 in renovation/upgrades/repairs -- Charming 2 bedroom bungalow with nice eat in kitchen, cozy living room and large family room. Refinished beautiful Gleaming hardwood floors, NEW carpet, NEWLY renovated kitchen, NEW renovated bath, NEW HVAC, NEW windows, NEW lighting & plumbing fixtures, Freshly painted inside & out, huge usable unfinished attic, NEW gutters, Enormous covered rear deck (apx 371 sqft), Very large front porch, Unusually large almost 1/2 acre lot-rare size lot at this price this close to town!!! very large garage/work shop (apx 672sqft) with electric & attached covered carport/storage area, 9x14 dual shed, home located at end of street providing near 0 traffic. Very very close to downtown-just a stone's throw from historic downtown Culpeper. You'll enjoy easy access to shopping, dining, and entertainment, all within a very walkable neighborhood equipped with sidewalks. Arguably The best priced/best condition/offering the most features-detached home for the money in 22701!!! Apx $90K in reno cost in 2025!!!! Tools & other items in garage at time of settlement will convey.
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| Mar 24, 2025 | Listed by One Percent Lists Virginia | $325,000 | |
| Listed by One Percent Lists Virginia | |||
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Beautifully renovated Charming 2 bedroom bungalow with nice eat in kitchen, cozy living room and large family room. Refinished beautiful Gleaming hardwood floors, NEW carpet, NEWLY renovated kitchen, NEW renovated bath, NEW HVAC, NEW windows, NEW lighting & plumbing fixtures, Freshly painted inside & out, huge usable unfinished attic, NEW gutters, Enormous covered rear deck (apx 371 sqft), Very large front porch, Unusually large almost 1/2 acre lot-rare size lot at this price this close to town!!! very large garage/work shop (apx 672sqft) with electric & attached covered carport/storage area, 9x14 dual shed, home located at end of street providing near 0 traffic. Very very close to downtown-just a stone's throw from historic downtown Culpeper. You'll enjoy easy access to shopping, dining, and entertainment, all within a very walkable neighborhood equipped with sidewalks. The best priced/best condition home in 22701!!! Apx $90K in reno cost in 2025!!!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017