23 Spruce Ridge 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 |
|---|---|---|---|
| Dec 15, 2023 | Sold | ||
| Sold | |||
| Aug 25, 2023 | Listed by KW Coastal and Lakes & Mountains Realty/Meredith | $4,600,000 | |
| Listed by KW Coastal and Lakes & Mountains Realty/Meredith | |||
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3,320 Acres +/- with breathtaking panoramic views that range from Newfound Lake to Cardigan Mountain. This once in a lifetime property spans over the towns of Alexandria, Groton, Orange & Hebron. This is a significant parcel with 3 mountains and a valley all within this property. Great elevation and terrain variety. A 1 mile road into the property provides great access. There are also logging roads and trails throughout. Great recreation access points for hiking, biking, snowmobiling, hunting, and more. Large and impressive 5,000 sqft heavy duty steel garage with 4 large 14 foot doors, gantry beams in place. Commercial well and septic system in place. Off grid 3 phase generator. Extensively gated and secured. Abutting conservation properties including Cardigan Mt. State Forest, Kimball Hill, Appalachian Mountain Club, SPNHF, & Sculptured Rocks make this a unique property. Access from Boston is under 2 hours. Property is shown by appointment only, no one shall enter access road without prior permission. Hardy Country Road is a class VI road and Spruce Ridge Road is private.
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| Dec 28, 2021 | Sold | ||
| Sold | |||
| Jun 30, 2020 | Listed by Badger Peabody & Smith Realty | $3,400,000 | |
| Listed by Badger Peabody & Smith Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017