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265 SLATE LANE
About This Property
Tucked away on five private acres zoned for horses, this beautifully updated home is a rare blend of rustic charm and modern convenience. From the moment you arrive, the stone accents on the exterior and the welcoming covered front porch set the tone for timeless style and country character.
Inside, the heart of the home is the striking stone fireplace, anchoring the open living area with warmth and grandeur. Wood and LVP flooring carry throughout, enhancing the natural textures and creating a space that feels both cozy and sophisticated.
The fully remodeled kitchen shines with modern upgrades, perfectly designed for daily living and effortless entertaining. Two main-level bedrooms each feature en suite baths, offering exceptional flexibility for guests, multi-generational living, or even a short-term rental opportunity.
The finished walkout basement adds even more living space with a large bedroom, full bath, and a cozy wood stove, perfect for quiet evenings in.
Thoughtful updates in 2023-including a new septic system, upgraded electrical, new well pump, and five new mini-split units-ensure comfort and peace of mind. Outside, the detached garage with a brand-new roof provides room for storage, hobbies, or a workshop.
Whether you envision horses grazing, a flourishing garden, or simply wide-open space to enjoy the outdoors, this property delivers. With privacy and serenity just minutes from shopping, Route 7, and I-81, it's the perfect full-time residence, weekend escape, or investment.
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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 |
|---|---|---|---|
| Sep 9, 2026 | Sold | ||
| Sold | |||
| Aug 7, 2026 | In contract | - | |
| In contract | |||
| Mar 18, 2026 | Price Increased |
$640,000
↑ $5K
(0.8%) | |
| Price Increased | |||
| Jun 18, 2025 | Listed by Keller Williams Realty | $635,000 | |
| Listed by Keller Williams Realty | |||
| Jun 6, 2025 | Price Decreased |
$650,000
↓ $10K
(1.5%) | |
| Price Decreased | |||
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About Frederick
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017