40
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1200 County Road 233
About This Property
Built in 2002, this single-story home sits on 10 acres with 2,448 square feet, 3 bedrooms, 2 baths, a study, built in safe, and a separate laundry room. The open kitchen has granite counters, an island, an induction cooktop, a built-in electric oven, and a pantry, and it opens to the living room with a wood-burning fireplace. The primary bath has a garden tub, separate shower, and walk in closet. Updates include dual pane windows, gutters, new side and back doors, and a Lutron lighting system.
Outside, there's a shop for tools and projects, a pump house that doubles as a mini shop, a pole barn, full fencing, and an enclosed garden with water that's basically a chicken coop waiting to happen. Two RV spots with electric and water (one covered, so it doubles as a carport) take care of the big toys, the pool takes care of August, and city water means no well to babysit. The ag exemption helps keep the tax bill reasonable too. Grab a chair, the sunset's about to start.
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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.
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 28, 2026 | Listed by Compass RE Texas, LLC | $800,000 | |
| Listed by Compass RE Texas, LLC | |||
| Jan 29, 2019 | No longer available | - | |
| No longer available | |||
| Nov 5, 2018 | Listed | $439,500 | |
| Listed | |||
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Beautiful heavily wooded property backing up to the Florence Vineyards.Trees,trees and more trees!Swimming pool with deck,barn,chicken coup,shortage building,rv pad with electric, workshop with 220V and 120V outlets.5 ton AC (2015) and Hot water heater (2017) are digitally controlled from your phone. Storm shelter is in a bedroom closet, oversized laundry room with sink, cabinets, pet door and room for a freezer, Full gutters,added blown insulation,water softener and so much more! This home has it all! The manager has listed the unit size as 2448 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017