Sullivan
116 Spring Glen Road
$627,500
●
House -
Off Market
116 Spring Glen Road
Fallsburg, NY 12763
8 Beds
5 Baths
5,920 Ft²
$701,920
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model
About This Property
Welcome home to this majestic 6,000 sqft home that has all the
charm of yesteryear with all the amenities of modern day. This
spectacular fully renovated, 3 story colonial sits on over 2 acres
with waterfall and stone lined creek. Boasting 8 bedrooms and 5
full bathrooms, space will never be an issue! Enjoy the serene
setting of country living as you sip some wine or your morning
coffee on the wrap-around porch or on any of the five private
decks. Perfect house for entertaining and hosting large gatherings.
Stargaze from any bedroom as skylights abound. Home features
beautifully refinished hardwood floors, exquisite crown molding,
quartz countertops, two separate staircases, wood-burning stove,
two full kitchens and additional loft space with roof top terrace.
90 minutes from NYC, nestled into hillside but less than 1 mile
from the town of Mountain Dale. Far enough to be country but close
enough to be convenient. Perfect for year round living or potential
for Bed and Breakfast. Additional Information: HeatingFuel:Oil
Above Ground,
Unit Size
5,920 Ft²
Days on Market
204 days
Land Size
2.86 acres
Price per sqft
$117
Property Type
House
Property Taxes
$798
HOA Dues
-
Year Built
1927
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 5 months ago (OneKey MLS #KEYH6212910)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 28, 2023 | Sold | ||
| Sold | |||
| Mar 20, 2023 | In contract | - | |
| In contract | |||
| Jan 31, 2023 | Price Decreased |
$689,900
↓ $20K
(2.8%) | |
| Price Decreased | |||
| Nov 16, 2022 | Price Decreased |
$709,900
↓ $65K
(8.4%) | |
| Price Decreased | |||
| Oct 6, 2022 | Listed by Keller Williams Hudson Valley | $774,900 | |
| Listed by Keller Williams Hudson Valley | |||
| | |||
|
Welcome home to this majestic 6,000 sqft home that has all the charm of yesteryear with all the amenities of modern day. This spectacular fully renovated, 3 story colonial sits on over 2 acres with waterfall and stone lined creek. Boasting 8 bedrooms and 5 full bathrooms, space will never be an issue! Enjoy the serene setting of country living as you sip some wine or your morning coffee on the wrap-around porch or on any of the five private decks. Perfect house for entertaining and hosting large gatherings. Stargaze from any bedroom as skylights abound. Home features beautifully refinished hardwood floors, exquisite crown molding, quartz countertops, two separate staircases, wood-burning stove, two full kitchens and additional loft space with roof top terrace. 90 minutes from NYC, nestled into hillside but less than 1 mile from the town of Mountain Dale. Far enough to be country but close enough to be convenient. Perfect for year round living or potential for Bed and Breakfast.
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Property Highlights
Parking Available
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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About Sullivan
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Last Updated: 5 months ago
Data Source: OneKey MLS
Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017