649 Wedgewood Drive
About This Property
A charming 500 sq. ft. guest house-with its own bathroom, walk-in tub -provides the perfect space for extended family, guests, or a potential rental opportunity. With deeded water rights to the North Bosque River, you can draw water for personal use, and a shared well supplies the home and property. A 2,500-gallon backup water system adds valuable peace of mind.
Inside, the inviting open floor plan connects the living, dining, and kitchen areas-ideal for everyday living and entertaining. The galley kitchen features granite countertops, stainless steel appliances, and ample storage. A cozy flex space offers the perfect reading nook or sitting room, while a dedicated office with built-in shelving makes working from home effortless. The spacious enclosed sunroom provides endless possibilities-crafting, workouts, hobbies, or relaxation.
The downstairs primary suite includes a beautifully updated ensuite with dual sinks, a walk-in shower, and a newly resurfaced bathtub. Upstairs, you'll find two additional generously sized bedrooms and a refreshed bathroom.
Outdoors, a thoughtfully designed workshop–garage combination offers exceptional storage, covered parking on both sides, and ample space for vehicles, tools, and recreational equipment-perfect for projects, equipment, or extra vehicles. Sit on the back patio and take in breathtaking sunsets-you may even spot deer, hummingbirds, or other local wildlife.
If you've been dreaming of peaceful country living without sacrificing proximity to restaurants, schools, and shopping...welcome home!
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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 |
|---|---|---|---|
| Jul 7, 2026 | Sold | ||
| Sold | |||
| May 28, 2026 | In contract | - | |
| In contract | |||
| Mar 27, 2026 | Price Decreased |
$614,900
↓ $10K
(1.6%) | |
| Price Decreased | |||
| Nov 25, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Nov 25, 2025 | Listed by Axio Real Estate LLC | $624,900 | |
| Listed by Axio Real Estate LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017