45
Map
157 Old Ridge
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%.
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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.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 13, 2026 | Listed by Gallo Realty Group | $575,000 | |
| Listed by Gallo Realty Group | |||
| Jun 5, 2026 | Sold | ||
| Sold | |||
| May 17, 2026 | In contract | - | |
| In contract | |||
| May 14, 2026 | Listed by PJMrealestate.com | $350,000 | |
| Listed by PJMrealestate.com | |||
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Offered for sale to those willing to take on projects is a once charming house with the familiar lines of an old New England cape, built in the latter 1970's, needing lots of care and attention. The house was never finished and has not been maintained for many years. It is part of an estate, so some information is a bit sketchy. Restored, it could be a lovely place for a family, a woodsman, a nature lover, an artist. Sited on 17 acres of woodlands and wetlands, it offers the comfort and peace that nature provides. Located about a mile down a publicly maintained dirt road in the Bow Lake section of Strafford. The foundation has a major crack, and some minor ones, but a foundation remedy company has assessed the damage and has made two proposals to fix the crack; these proposals will be made available to a prospective buyer. There are two outbuldings which also need repairs: a small horse barn and a tool and wood shed. A large deck on the back of the house may need to be rebuilt. There are a kitchen and bath on the first floor and new asphalt shingles on the house in 2025, but there is still much work to do. Listing agent is executor of the estate which owns the property. See disclosures. A quitclaim deed for 12 acres behind the house is recorded at Book 1031 Page 0879 at Strafford County Registry of Deeds. THE PROPERTY IS TO BE SOLD AS IS. DUE DILIGENCE IS THE RESPONSIBILITY OF THE BUYER. BRING YOUR NOTEBOOK AND COME SEE IF THIS PROJECT IS FOR YOU.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017