703 Devon Road
About This Property
The formal living room is anchored by a wood-burning fireplace with a handsome mantel and built-in shelving, while elegant plantation shutters throughout the entire upstairs provide a consistent custom touch. Adjacent to the living room, a bright family room features a full wall of built-in bookcases and painted wood paneling; this versatile, airy space is substantial enough to serve as a secondary living area or a spacious main-level bedroom.
The renovated kitchen has been opened into the sunroom to create one expansive, light-filled heart of the home, designed for seamless entertaining. This combined space features a center island with seating, granite countertops, and stainless appliances. From the sunroom, French doors lead to a favorite retreat, the covered porch-complete with a porch swing-overlooking an expansive, fully fenced backyard.
The walk-out basement is designed for leisure and utility, featuring a huge recreation room with a wet bar-a favorite gathering space for movies and games. This level also includes an expansive mudroom just off the garage, along with a large laundry room with plumbing potential for a bathroom expansion.
The desirability of this location is unmatched, situated blocks from Tuckahoe Elementary and the University of Richmond. Residents are perfectly positioned to enjoy the proximity to Ridge Top Recreation Association with tennis, pool and clubhouse, Bandy Field Park and the boutiques, coffee houses, and markets at the Ridge Shopping Center and The Village. This property combines timeless Richmond character with a premier Westham location.
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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 |
|---|---|---|---|
| Apr 26, 2026 | Listed by The Steele Group | $837,500 | |
| Listed by The Steele Group | |||
| May 16, 2007 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017