224 Under Mountain Road
About This Property
Step inside and you are immediately welcomed by gorgeous wood floors, natural light and a sense of warmth that continues throughout the home. The living room centers around a wood insert fireplace, creating the perfect gathering place on cool evenings. The heart of the house is the incredible chef's kitchen, complete with a generous island and high-BTU gas range--just right for unleashing your inner professional chef. From casual breakfasts to elaborate dinners with friends, this is a kitchen meant to be enjoyed.
A proper mudroom provides a practical transition from the outdoors and leads into the inviting family room, where wooden ceiling beams and a wood stove add character and warmth. When the weather cooperates, life naturally moves outdoors to the rear covered, screened-in porch. It is an ideal spot for morning coffee, dinner al fresco, or lingering with friends while listening to the sounds of nature. Here, the distinction between inside and outside seems to disappear.
Upstairs, the private primary en-suite bedroom offers a comfortable retreat with its own walk-in shower, while two additional bedrooms and a full hall bath provide plenty of room for family and guests.
Recent improvements make this country retreat as comfortable as it is charming, including a new HVAC system (central AC too!), new windows, durable cement siding, and a new rear deck and fire pit area. High-speed internet is on site, making it possible to enjoy the tranquility of the woods without giving up modern connectivity.
A full basement provides abundant storage and offers potential for additional finished living space, studio, recreation room or workshop. The attached two-car garage keeps vehicles protected and provides easy access to the house, while a smaller detached garage is perfectly suited for lawn equipment, bicycles and all the tools needed to maintain your country surroundings. The whole house generator will rise above any storm and keep the electric on.
And then there is the location. The Harlem Valley Rail Trail and Alander mountain trail heads are just steps away, offering miles of scenic terrain for walking, running and cycling. Under Mountain Golf Course is practically at your doorstep, just yards up the road. Spend Saturday mornings at the Copake Farmers' Market, explore the nearby lakes, villages and restaurants, or head out for a day of skiing at Butternut or Catamount, both approximately 30-45 minutes away. Hudson and Amtrak are about 25 minutes away, while New York City is approximately 2.25 hours.
A peaceful woodland setting, wonderful character, exceptional kitchen, inviting outdoor spaces and significant recent improvements come together beautifully here. This is more than a house in the country--it is a place where nature becomes part of everyday life.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017