61 Elm
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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 11, 2026 | Sold | ||
| Sold | |||
| Feb 8, 2026 | In contract | - | |
| In contract | |||
| Feb 8, 2026 | Price Decreased |
$700,000
↓ $100K
(12.5%) | |
| Price Decreased | |||
| Oct 24, 2025 | Listed by Keller Williams Realty-Metropolitan | $800,000 | |
| Listed by Keller Williams Realty-Metropolitan | |||
| Mar 17, 2025 | Listed | $795,000 | |
| Listed | |||
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Step into the timeless elegance with this beautifully maintained historical home offering several updates, providing modern conveniences while respecting its original charm. Nestled just off the Common in the heart of Walpole providing local amenities including a Post Office, Town Hall, summertime band concerts and much loved Burdicks, all just minutes to I91. The updated double-paned windows allow an abundance of natural sunlight to flow through the home enhancing the home's warm and inviting atmosphere while keeping the heating costs down. A moisture control system in the basement along with the multi-zone Buderus and updated 200 amp electric panel ensure year round comfort while providing peace of mind. Enjoy the convenient direct entry garage offering ample protection from the elements. Step inside the spacious three-season room which leads to the main house or the versatile bonus wing, currently equipped with a 1st floor bedroom, stunning bath with a roll-in shower and bonus room, ideal for visiting guests, a studio or possibly convert to a large apartment. The main home's 1st floor offers a galley kitchen open to a dining area or cozy family room with a soapstone woodstove, 1st floor laundry in the half bath, a formal dining room, library/den, full bath/powder room and elegant parlor. Upstairs you will find a 3/4 bath and 4 more generously sized bedrooms, 2 of which feature a decorative fireplace. Don't miss this rare opportunity to own a piece of Walpole's history.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017