10 Ragged Mountain Road
About This Property
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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 11, 2024 | Sold | ||
| Sold | |||
| Aug 25, 2024 | In contract | - | |
| In contract | |||
| Jul 25, 2024 | Listed by Old Mill Properties REALTORS | $199,900 | |
| Listed by Old Mill Properties REALTORS | |||
| | |||
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INVESTMENT OPPORTUNITY: This solid Antique Cape is just around the corner from Ragged Mountain Ski Area. In need of renovations, it is nestled on a pretty 3/4 acre lot with white picket fence, rolling lawns, flowering shrubs, old stone foundation & frontage on Bog Brook. Steeped in history, this home was once a store in the village of Elmwood. The home offers a spacious 3 season porch with Fir floor. Open kitchen/living area, walk in pantry, office & first floor bedroom. On the second level you'll find 2 more spacious bedrooms with large closets. The basement is partially finished with a walk out door as well as direct access to the workshop/garage under. Bring your ideas, this sturdy home is in need of updating to restore to its former glory. Heating system is vintage, likely needs insulation & electrical work as well as cosmetic updates. Be one of the first in line at the Mountain on a fresh powder day. Don't forget, the Rail Trail offering snowmobiling, hiking, biking, walking, & horseback riding is just a mile away. Seller will only consider CASH or 20% DOWN CONVENTIONAL OFFERS. Property is being sold in AS-IS condition. Shown by appointment only.
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| May 12, 2015 | Sold | ||
| Sold | |||
| Aug 13, 2014 | Listed by Old Mill Properties REALTORS | $114,900 | |
| Listed by Old Mill Properties REALTORS | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017