7424 NANCEMOND STREET
About This Property
So many updates throughout, including many BIG TICKET ITEMS like the ROOF, FURNACE, WATER HEATER, and a SOLAR-POWERED SHED!
This thoughtfully maintained home offers 3 bedrooms and 1 full bathrooms on the main level, along with a beautifully finished lower level featuring a 4th bedroom and another full bath-ideal for guests, a home office, or multi-generational living. Step into the bright and airy living room with rich hardwood floors and a cozy fireplace, then flow seamlessly into the updated kitchen boasting granite countertops, stainless steel appliances, and an abundance of cabinet space. The adjacent dining area is flooded with natural light and perfect for casual meals or formal entertaining.
The lower level is a true bonus-a spacious rec room complete with a custom built-in bar and kegerator, perfect for hosting game nights or relaxing with friends.
Out back, enjoy a large, fully fenced yard that backs to mature trees, offering both privacy and a peaceful, wooded backdrop. There's also a raised deck for grilling, a play structure, and plenty of open space to unwind or garden.
Located just minutes from major commuter routes, Franconia-Springfield Metro, shopping, and dining, this home delivers easy access to everything Springfield has to offer while still feeling tucked away in nature.
This is the perfect blend of location, layout, and lifestyle-come see it 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 |
|---|---|---|---|
| Sep 8, 2025 | Sold | ||
| Sold | |||
| Aug 26, 2025 | In contract | - | |
| In contract | |||
| Aug 21, 2025 | Listed by eXp Realty LLC | $639,888 | |
| Listed by eXp Realty LLC | |||
| Aug 16, 2025 | In contract | - | |
| In contract | |||
| Jul 9, 2025 | Price Decreased |
$649,000
↓ $21K
(3.1%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017