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1741 Scotch Ridge Road
About This Property
A Unique opportunity awaits at this 1.39 acre lot that combines the delights of nature with the convenience of carefully planned utilities, delivered by septic and well. An ideal setting for your dream abode or a savvy investment, this parcel is marked as a ''building lot'',because it is grandfathered in you will just need to speak to the inspector for approval, offering boundless possibilities to shape as per the architectural aspirations.
One of the standout aspects is its location within the reputable Schalmont Schools district: an undeniable draw for those seeking quality education. This land embodies tranquility, couched within a lush landscape that ensures an everyday escape from city's hustle and bustle.
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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 |
|---|---|---|---|
| Oct 2, 2026 | Price Decreased |
$55,000
↓ $5K
(8.2%) | |
| Price Decreased | |||
| Jul 21, 2026 | Listed by Coldwell Banker Prime Properties | $59,900 | |
| Listed by Coldwell Banker Prime Properties | |||
| Nov 17, 2023 | Sold | ||
| Sold | |||
| Sep 29, 2023 | Sold | ||
| Sold | |||
| Aug 1, 2023 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017