50
Map
25149 US Highway 40
About This Property
The property is one of four that was parceled and sold by Mt Vernon Country Club in 1988 and titled "Ashley Estates" consisting of approximately 22 acres total; the access road is private and thus a 4 property HOA established for road maintenance and snow removal; HOA assessments are on an "as needed" basis for snow removal and road repair....there is no set monthly, quarterly or annual dues, but the average is $1500 - $2K/ year; all of the acreage to the east and northeast is dedicated as a "no build" zone and is owned by Mt. Vernon CC; There's a lovely private pond on your property fed by a spring & surrounded by willows, where you may find elk chest-deep cooling themselves on warm summer days and kids ice skating on the cold winter ones! The main home is oriented to capture both sunrise and moon rise over the distant horizon and expansive meadows. The setting is so private and quiet yet the "openness" of the setting is truly unique with astounding views from virtually every room. Watching the wildlife can become a full-time hobby!
The ease of access to I-70 is such a major plus...downtown in 25 minutes, to the ski areas in less than an hour!!
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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.
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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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 14, 2024 | Sold | ||
| Sold | |||
| Jul 16, 2024 | In contract | - | |
| In contract | |||
| Jun 20, 2024 | Listed by Clarke Real Estate | $2,150,000 | |
| Listed by Clarke Real Estate | |||
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Once in a generation a true opportunity knocks.....where the deer and the elk do play.....offered for the FIRST TIME, this remarkable estate situated on over 5 acres overlooking hundreds more is the chance of a lifetime! The property includes 3 structures...the gracious main residence built in 1991, the charming "Stone House" a cozy one bedroom, full kitchen with 3/4 bath comprising approx 730 square feet & said to have been "Mt Vernon Hunting Club's Quarters", built circa 1930 and the "Log House" a two room well-constructed facility with attached 2 car garage built in 1947 which was heated by a wall-furnace but not currently; both of these older structures are "grandfathered" in with the property and its uses; the stated square footage above does not include either of these additional improvements.
The property is one of four that was parceled and sold by Mt Vernon Country Club in 1988 and titled "Ashley Estates" consisting of approximately 22 acres total; the access road is private and thus a 4 property HOA established for road maintenance and snow removal; HOA assessments are on an "as needed" basis for snow removal and road repair....there is no set monthly, quarterly or annual dues, but the average is $1500 - $2K/ year; all of the acreage to the east and northeast is dedicated as a "no build" zone and is owned by Mt. Vernon CC; There's a lovely private pond on your property fed by a spring & surrounded by willows, where you may find elk chest-deep cooling themselves on warm summer days and kids ice skating on the cold winter ones! The main home is oriented to capture both sunrise and moon rise over the distant horizon and expansive meadows. The setting is so private and quiet yet the "openness" of the setting is truly unique with astounding views from virtually every room. Watching the wildlife can become a full-time hobby!
The ease of access to I-70 is such a major plus...downtown in 25 minutes, to the ski areas in less than an hour!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017