1350 County Road 404
About This Property
ADORABLE FARMHOUSE, METICULOUSLEY REMODELED! THREE BEDROOMS, ONE BATH. METAL ROOF, SITS ON 57.70 ACRES OF COASTAL, FENCED AND CROSSED FENCED. BARB WIRE, SMOOTH HORSE FENCING, IDEAL FOR CATTLE, HORSES, SHEEP, GOATS. CORRAL WITH HEAD GATE, TWO STOCK TANKS, ONE SPRING FED. 48'X75' METAL HAY BARN WITH 14' CEILINGS, SLIDING DOORS ON EACH END. SEVERAL STORAGE BUILDINGS, TWO STORAGE CONTAINERS ONE 40' AND ONE 20', WATER WELL, UPPER LEON WATER. A VERY, VERY NICE 48' COVERED RV CAMPER WITH 3 SIDEOUTS, SITS ON A GRAVEL PAD, HAS IT OWN SEPTIC, AND ELECTRICITY. THIS PROPERTY HAS SEVERAL BEAUTIFUL BUILDING SITES. CONCRET CELLAR. BEAUTIFUL LARGE SCATTERED OAKS.
SELLER WILL CONSIDER FIRST SPLITING 36.81 ACRES OFF OF THE SOUTH END OF THE PROPERTY.
ALL OF THIS FOR ONLY $950,000.00
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 14, 2026 | No longer available | - | |
| No longer available | |||
| Jun 13, 2025 | Listed by C Merworth Holdings, LLC | $950,000 | |
| Listed by C Merworth Holdings, LLC | |||
| May 8, 2024 | No longer available | - | |
| No longer available | |||
| Dec 7, 2023 | Listed by C Merworth Holdings, LLC | $423,315 | |
| Listed by C Merworth Holdings, LLC | |||
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36.81 Acres
Looking for grazing or hay property? This 36.81 more or less acres could work for you. Mostly in coastal, close to town, county road frontage, 6 strand barb wire fencing around perimeter, stock tank for the livestock, community water and electric available. This property could easily be split into smaller tracts for building those dream homes, over 2,200' (0.39 miles) of county road frontage with existing gate entrance. New survey.
$423,315.00
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| Aug 5, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017