402 THELMA
About This Property
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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.
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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 26, 2025 | No longer available | - | |
| No longer available | |||
| Jul 10, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Jun 18, 2025 | Price Decreased |
$1,095,000
↓ $40K
(3.5%) | |
| Price Decreased | |||
| May 1, 2025 | Listed by Forward Real Estate | $1,135,000 | |
| Listed by Forward Real Estate | |||
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Nestled in the heart of Olmos Park, this magnificent Thorman-renovated home beautifully blends its original 1930s architecture with luxurious modern updates. From the moment you enter, you'll be captivated by timeless elegance, warm finishes, and meticulous attention to detail. Featuring 4 bedrooms, 3.5 bathrooms, and a private office, the home offers a balance of historic charm and contemporary functionality. The chef's kitchen boasts granite counters, custom cabinetry, stainless appliances, and a gas cooktop island-ideal for entertaining. A spacious primary suite on the main level provides a private retreat, complete with a spa-like bath and sitting area. Upstairs, you'll find three additional bedrooms, two full bathrooms, and a versatile game room or potential 4th bedroom with a walk-in closet. Custom wood and polished travertine flooring, chevron patterns, and vibrant Talavera tile accent the living spaces, creating a home rich in character. Outside, the corner lot showcases a private gated circular drive, flagstone patio with pergola, lush landscaping, and ample space for a future pool. A detached storage shed offers added convenience, while the home's location within Olmos Park's private city limits ensures access to Alamo Heights ISD and proximity to The Pearl, downtown, parks, shopping, and dining. This rare gem is a true testament to thoughtful restoration and sophisticated design.
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| Aug 19, 2013 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017