381 Town Line Road
About This Property
Built in the 1850s, this home is full of charm and character, featuring gorgeous woodwork and timeless details throughout. The first-floor primary bedroom offers added convenience with first floor laundry, and the full, dry basement provides plenty of storage.
Over the years, the home has been thoughtfully updated with new windows throughout, new drywall, copper plumbing, and major mechanical improvements, including a boiler and hot water tank installed in 2020.
Outside, you'll find a huge detached 1.5-car garage with plenty of space for vehicles, tools, hobbies, or extra storage. The expansive lot offers room to enjoy the outdoors while still benefiting from low taxes.
If you're looking for a home that blends historic charm with important updates and a peaceful country setting, 381 Town Line Road is one you won't want to miss. Showings begin July 19th at 9am.
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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 |
|---|---|---|---|
| Oct 2, 2026 | Sold | ||
| Sold | |||
| Jul 24, 2026 | In contract | - | |
| In contract | |||
| Jul 14, 2026 | Listed by Keller Williams Realty WNY | $350,000 | |
| Listed by Keller Williams Realty WNY | |||
| May 22, 2018 | Sold | ||
| Sold | |||
| Mar 2, 2018 | Listed by Keller Williams Realty WNY | $270,000 | |
| Listed by Keller Williams Realty WNY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017