46
Map
12973 Upper Ridge Rd
About This Property
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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 30, 2024 | Sold | ||
| Sold | |||
| Aug 22, 2024 | In contract | - | |
| In contract | |||
| Jun 25, 2024 | Listed by RE/MAX Alliance | $1,500,000 | |
| Listed by RE/MAX Alliance | |||
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Constructed in 1998 by renowned architect and owner, Frank Kuenz, this custom home was named Tower Ridge, because of the central tower being the focal point of the design and elevated front access walkway. This home's passive solar design incorporates lots of windows and amazing views of Mount Blue Sky and the valley. Preserved debarked tree bases and limbs have been artfully designed into this homes rustic ambiance. The front sun room has built-in planter boxes perfect for year-round enjoyment. An updated kitchen designed with both propane and electric cooking appliances will accommodate any culinary needs or cooking situation. Watercolor art by a local accomplished artist named Rita Derjue is displayed on removable panels within the dining room and family room with other framed pieces throughout home. Relax in the oversized family room with custom wood fireplace or on the attached deck with amazing views of Mount Blue Sky and the valley. Work from home in the main floor office with second floor library. The home incorporates propane to fuel a boiler system. Three separate wood burning stoves and a gas burning stove in the primary bedroom provide ample and reliable heating options. Three spacious secondary bedrooms are on the second floor, one with its private ensuite and others share a full bath. The signature tower is located on the third level with ceiling ladder access to an observation deck. A lower level mother-in law suite is perfect for a caretaker. The basement also has an open entertainment area complete with wet bar. Additional features include a covered gazebo, a small one bedroom bunkhouse named "Old School" complete with wood stove. Enjoy the marked mountain trail with several metal benches to stop and enjoy the serene views from Old School to a two story bunkhouse called Cliff Point complete with a heating stove, cooking stove and outhouse. From this location you have unobstructed views from Pikes Peak to Mount Blue Sky.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017