238 Springmeadow Way
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%.
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 |
|---|---|---|---|
| Dec 18, 2025 | Listed by Coldwell Banker Realty- Fort Collins | $470,000 | |
| Listed by Coldwell Banker Realty- Fort Collins | |||
| May 21, 2024 | Listed | $525,000 | |
| Listed | |||
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Amazing mountain acreage waiting for your inspiration. Build your dream home on this 6.45 acre gem perched high on a hill with spectacular views of the Mummy range and bordering National Forest Service. All the infrastructure is already in place! Utilize the Gothic Castle-themed buildings as your home base, while you build your masterpiece. The existing structures will also make an amazing music/art studio, podcasting home base, mountain hideaway, or a truly unique Short-Term Rental. Trusty Owl studios was created to inspire your inner creativity. This custom crafted, Eco-friendly work of art is just a few weeks away from full functionality. You will love the unique artwork throughout including the 2 story Rumford fireplace, and light fixtures with an artistic flare. There is even room for your friends to bring their RV with hookups close by! Bring your horses and ride into the neighboring NFS lands or enjoy the many recreational opportunities just mere minutes away like fishing, hiking, paddleboarding, hunting, snowshoeing and ATVing. Combine this property with the neighboring property for sale (142 Springmeadow Way) and you have a 13.5 acre retreat plus 80 acres of adjoining National Forest Service with 4 +1 potential separate dwelling units. The possibilities are endless!
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| Nov 25, 2022 | Listed | $525,000 | |
| Listed | |||
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One of a kind hand built eco friendly cabin and castle with majestic views and second to none craftsmanship. Nicknamed the "Owl Studio", this unique property will take your breath away as it is truly a work of art. Upon entering the studio, you will immediately notice the incredible details throughout, from the hand picked rock, to the hand built fireplace, every detail was carefully thought out. With a gothic architectural theme, the two structures are considered structural art due to meeting 3 criteria, elegance, efficiency, and economy. The 360 degree view paired with the warmth and care for detail leave you speechless. Inside the castle structure, you will find an operational half bath as well as rough-ins for a shower and kitchen. The property itself consist of 6.5 acres bordering national forest. Septic is installed and will accommodate a 4 bedroom house. In addition the seller has installed a 1,000 gallon cistern. There are several great building sites for a single family home should a Buyer wish to leave the existing structures as they are. The possibilities are endless for a property like this. Some possible uses immediately would include: nightly rental, art studio, videography studio, podcast studio, wellness retreat/yoga studio, and a high altitude training facility. Come take a look and see how truly special this property is. Absolutely no entering the property without a licensed agent.
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| Oct 31, 2011 | Sold | ||
| Sold | |||
| Sep 26, 2006 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017