2623 Basin Dr
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
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| Oct 16, 2023 | Sold | ||
| Sold | |||
| Mar 2, 2023 | Listed | $389,900 | |
| Listed | |||
| Apr 1, 2022 | Listed | $499,000 | |
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Beautiful 3 bedroom/2 bath home surrounded by tall pines, scrub oak and aspens on 16.16 acres. Perfectly situated to take in the grand views of the Sangre De Cristo Mountains. The South facing large deck spans the entire front of the house and offers the opportunity to BBQ, gather and talk with family and friends or sit down and relax while taking in the breathtaking views. The exterior walls are of 2X6 construction and the many of the interior walls are sheetrock. The kitchen has a large amount of cabinet space which is also accessible from the dining area which is open to the living room. The primary bedroom has enough closet space for two and the remaining two bedrooms have spacious walk-in closets. The floor plan includes a centrally located full bathroom and a 5 piece primary bathroom. The primary bathroom is also accessible from the open area near the kitchen. The covered wood patio in the back of this home borders a large aspen grove intermixed with local vegetation on the outskirts. A 1 bedroom/1 bath 600 square foot auxiliary dwelling unit/cabin is also located within this mountain oasis. This ADU/cabin is connected to electric and heat is available via a wood burning stove which heats the entire space or a propane wall heater located in the kitchen/dining room area. With a few construction updates, this ADU could be used as a vacation rental, long term rental or a studio for the aspiring artist. An oversized metal carport with a workshop, benches and electricity is located close by. There are also two sheds with room to store more tools and toys. Access to public lands are only a few miles away and the Arkansas River is close by. Salida is less than an hour away and offers amenities such as white water rafting, downhill skiing, fishing, mountain biking, hiking, golf, shopping and restaurants. This area also offers excellent art and entertainment. Come and take in the sights, sounds and feelings that this move in ready home and area creates. Welcome home.
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| Dec 22, 2021 | Listed | $600,000 | |
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Lovely 16 acre parcel with a well insulated 3 bedroom/2 bath home, an additional dwelling unit, and an oversized carport with a separate storage room for all your projects and toys in the sought after Spruce Basin neighborhood. Want views to forever? You can see for miles from both homes. Surrounded by pines and aspens, the feeling of peace and privacy abound. The main home is incredibly well kept, and move in ready. The 600 square foot 2nd home (1 bed/1 bath) is perfect for a vacation rental, studio or just great space for family and friends who will certainly come when they see where you have landed. You are within a couple miles of public land, close to the Arkansas River, and the lesser known Bernard Creek and waterfall for those of you who are outdoor enthusiasts. Ready for great food and entertainment? Head to nearby Salida, rated among the best small towns in the nation with white water, downhill skiing, golf, music, art and great restaurants. Make this slice of paradise yours. Welcome home.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017