2 Corey Hill Road
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.
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 |
|---|---|---|---|
| Mar 10, 2026 | Sold | ||
| Sold | |||
| Jan 20, 2026 | Listed by Coldwell Banker Realty Salem | $699,000 | |
| Listed by Coldwell Banker Realty Salem | |||
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Rare equestrian estate opportunity in scenic Brookline, NH. This unique property offers substantial horse infrastructure and a flexible multi-unit residence at a value well below replacement cost. The main home features 4 bedrooms, 1 full bath and 1 half bath, generous living spaces, and a warm country-style layout. A private 1-bedroom in-law apartment with full bath and kitchenette provides ideal accommodations for multigenerational living, guests, caretaker housing, or rental potential. An additional office/studio space overlooks the barn and indoor arena, creating a one-of-a-kind work-from-home environment. Equestrian facilities include multiple barns, extensive stall space, an indoor riding arena, wash stall, tack and feed rooms, and large hay storage areas. The scale and layout of these improvements would be extremely costly to replicate today. The property has experienced deferred exterior maintenance and equestrian facilities require restoration and capital improvements. Major value is in the acreage, infrastructure, and irreplaceable barn and arena improvements. The home itself is fully livable as-is but reflects older finishes and systems. The property is offered below the current town assessment of $739,600, reflecting deferred exterior maintenance and restoration needs to the equestrian facilities. Replacement cost of the barns and indoor arena today would be substantially higher than the asking price alone, making this a rare opportunity to acquire irreplaceable equestrian infrastructure at a significant discount to reproduction cost. Priced accordingly and being sold as-is. Ideal for horse professionals, contractors, hobby farmers, or vision buyers seeking a value-add equestrian estate. Exceptional potential! Agent is related to seller.
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| May 1, 2025 | Listed | $899,000 | |
| Listed | |||
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Spacious 4BR Home with In-Law Apartment on 4+ Acres – Ideal for Multigenerational Living or Rental Income! Tucked just minutes from the town center, this versatile property offers more than just country charm—it delivers flexible living options and room to grow. The main residence is a generous 11-room Garrison-style home featuring 4 bedrooms, 2 full baths, an updated eat-in kitchen, formal dining room, cozy fireplaced family room, sunroom, and deck—all perfect for everyday living and entertaining. A private 1-bedroom in-law apartment with a full kitchen, living room, separate laundry, and utilities provides an excellent option for extended family, guests, or supplemental rental income. Set on over 4 acres, the property also includes an indoor riding arena (140' x 70') with geothermal textile footing, 16 stalls across two attached barns, heated tack rooms, paddocks, and a riding ring—perfect for hobbyists or professionals alike. Whether you're drawn by the land, the flexible living setup, or the equestrian potential, this property is a rare opportunity that offers it all. Seller is related to agent
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| Aug 17, 2016 | Sold | ||
| Sold | |||
| May 15, 2012 | Listed by Coldwell Banker Realty - Chelmsford | $449,000 | |
| Listed by Coldwell Banker Realty - Chelmsford | |||
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Spacious 11 rm. Garrison with Horse Farm. Set on 4+ acres the property has 16 stalls in the barn, 140x70ft. indoor arena, 9 paddocks, a 2 car detached garage and run in shed.There is an in-law apt. attached to the house with its own entrance. This home has an updated kitchen, family rm. with fireplace, sunroom, porch, in-ground pool, dog kennel and a 1 car garage under. Easy access to trails and great income potential! Recently reduced by $35,000 and priced way below assessed value.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017