Lot 2 VT Route 14 #LOT2
About This Property
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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 |
|---|---|---|---|
| Aug 9, 2024 | Sold | ||
| Sold | |||
| Jun 28, 2024 | In contract | - | |
| In contract | |||
| Jun 2, 2024 | Listed by BHHS Vermont Realty Group/Montpelier | $75,000 | |
| Listed by BHHS Vermont Realty Group/Montpelier | |||
| Sep 1, 2021 | No longer available | - | |
| No longer available | |||
| Mar 2, 2021 | Listed by BHHS Vermont Realty Group/Montpelier | $69,000 | |
| Listed by BHHS Vermont Realty Group/Montpelier | |||
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A Portion of the Property previously part of the Former Gulf Spring House land holdings, this 82+/- Acre wooded hillside still hosts one of the mineral springs that attracted tourists from afar in the 1880's. Offering great privacy, hunting (bear, deer, and occasional moose) and other recreational endeavors. Second branch of the White River cascades through property along Route 14. Forest is being managed to insure wildlife and healthy trees with a plan approved by the County forester. Some wetlands on the south end of ravine, that has been home to beaver and blue heron. Enrolled in Current Use Forest Management Plan for property tax savings. A permit would be needed before any structure requiring a connection to a potable water supply or wastewater system could be constructed per WW-5-7922. Former Gulf House on 10+/- acres was sold in 2019, ref: Book 174 page 186-6. Land was logged in 2018+/- per Management Plan.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017