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616 CHICHESTER LANE
About This Property
The home features luxury vinyl plank flooring throughout, creating a clean, durable, and cohesive living space. The kitchen has been refreshed with quartz countertops, offering a modern look with everyday practicality. Bathrooms have been updated with newer vanities and contemporary finishes, providing a clean and functional space for daily use.
Key system updates include HVAC (2019), roof replacement (2022), and a new water heater (2025), helping reduce future maintenance concerns. The home has also been freshly painted, with upgraded light fixtures, electrical outlets, and vent covers throughout-small details that make a noticeable difference.
The layout is flexible and well-suited for a variety of living needs. In addition to the main bedrooms, there are bonus spaces that can be used as a home office, guest room, or additional sleeping area, offering versatility for changing lifestyles.
This home is a great fit for larger households or multi-generational living, providing both shared space and the ability to create separation when needed.
One of the standout features is the exceptional parking capacity-with a private driveway and additional street parking, the property can comfortably accommodate 6–7 vehicles, a rare advantage in the area.
The outdoor space offers room for relaxing, gardening, or casual gatherings, with privacy and flexibility to make it your own.
Conveniently located near major commuter routes, shopping, dining, and parks, this home delivers a balance of location, updates, and everyday livability.
Homes that combine updated major systems, flexible space, and strong functionality like this are increasingly hard to find. Schedule your showing to see the value for yourself.
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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 |
|---|---|---|---|
| Jul 7, 2026 | Sold | ||
| Sold | |||
| Jun 26, 2026 | In contract | - | |
| In contract | |||
| May 29, 2026 | Price Decreased |
$624,900
↓ $14K
(2.2%) | |
| Price Decreased | |||
| May 7, 2026 | Price Decreased |
$639,000
↓ $20K
(3%) | |
| Price Decreased | |||
| Apr 23, 2026 | Listed by Signature Home Realty LLC | $659,000 | |
| Listed by Signature Home Realty LLC | |||
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About Colesville
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$4,100 /mo
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$5,100 /mo
- 5 Beds
- 3 Baths
- 4,644 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017