288 PIKE RD
About This Property
We are selling a unique, one of a kind family home ideally situated overlooking a very private canyon with a beautiful year around stream below. Our home was custom built in 1980 by one of the premier builders in Pendleton County. Our parents were the only owners of this solidly built home that has been well maintained.
It enjoys a private, out of town feel, but has an in town feel within walking distance to the grocery store and downtown in mintues.
Some features are as follows:
*2 level home, fully finished downstairs which could also be converted into a mother in law/rental apartment
*Lot size is 1.83 acres
*4 bedroom (2 upstairs and 2 downstairs)
*2 full baths, 1/2 bath off master bedroom
*Approximately 2700 square feet
*Large closets for storage
*Anderson windows throughout
*Heat pump with propane gas furnace, electric hot water heater, air conditioning, and small pot belly stove
*Large living room and dining room with beautiful stone fireplace
*Kitchen has refrigerator, new electric stove, microwave and dishwasher with spacious oak cabinets
*Large laundry room with washer and dryer and double washed sinks
*Large workshop with refrigerator, shelves, and exit door to the back lower level
*Separate sewing room with spacious cabinets along one wall with closet
*Separate pantry room
*Central vacuuming system throughout the house
*Full attic with storage
*Nice fully covered two car carport on the same level as the upstairs main floor
*Attractive deck outside the front door entrance
*Beautiful screened in sun room with storm windows overlooking the canyon and stream below
*Ledge overlooking the canyon which could be an ideal place for a gazebo and/or fire pit for outdoor relaxation
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Cap Rate Calculator
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 |
|---|---|---|---|
| Feb 7, 2025 | Sold | ||
| Sold | |||
| Jan 8, 2025 | In contract | - | |
| In contract | |||
| May 22, 2024 | Listed by USRealty.com LLP | $319,000 | |
| Listed by USRealty.com LLP | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017