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8138 VIOLA STREET
About This Property
The main level features a bright living room with large windows, dining area, updated kitchen, three bedrooms, and two full baths. The kitchen is appointed with stainless steel appliances, expansive granite countertops, ample cabinetry, and hardwood flooring, all updated in 2023. The primary bathroom has also been updated, providing more contemporary finishes while maintaining the home's practical layout.
The lower level expands the home's usable living space with a large recreation room featuring a wood burning fireplace, an additional bedroom, and a third full bathroom. The lower level also provides convenient interior access to the attached two-car garage.
Outdoor living is enhanced by a sliding glass door from the main level leading to the rear stone patio which opens to a beautifully landscaped bi-level back yard, creating a natural extension of the home's living and entertaining areas.
The home has benefited from several substantial improvements in recent years. The HVAC system and exterior condenser were replaced in 2023; interior painting and carpeting were completed in 2022. The hot water heater was replaced in 2017, while the roof and vinyl windows were replaced in 2015.
Overall, the home combines a traditional design commonly found in established West Springfield neighborhoods with meaningful updates to several major systems and interior finishes. Located 20 minutes to the Pentagon, 25 minutes to downtown Washington, D.C. and 20 minutes to Old Town Alexandria, this property provides easy access to wherever you need to go. This well-maintained home provides a strong foundation for buyers seeking an established home in a well-known West Springfield community.
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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.
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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 |
|---|---|---|---|
| Oct 2, 2026 | Listed by Serhant | $850,000 | |
| Listed by Serhant | |||
| Feb 14, 2024 | Sold | ||
| Sold | |||
| Jan 22, 2024 | In contract | - | |
| In contract | |||
| Jan 18, 2024 | Listed by Serhant | $800,000 | |
| Listed by Serhant | |||
| Jun 25, 2022 | No longer available | - | |
| No longer available | |||
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About West Springfield
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017