295 Four Wheel Drive Road
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.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 17, 2023 | Sold | ||
| Sold | |||
| May 25, 2023 | Listed by Century 21 Farm & Forest/Burke | $369,900 | |
| Listed by Century 21 Farm & Forest/Burke | |||
| Apr 26, 2022 | No longer available | - | |
| No longer available | |||
| Apr 16, 2022 | Listed by Century 21 Farm & Forest/Burke | $370,000 | |
| Listed by Century 21 Farm & Forest/Burke | |||
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Set on 10 mostly wooded acres on a dead-end road, this log-sided home is a great option for those looking for an escape from life in the city. You enter through the basement level, which is divided into a garage with laundry area and a large family room, with a built-in bench that offers storage, and a 3/4 bath. Up the stairs on the main level the primary bedroom and a smaller bedroom are to the right with a shared full bath. To the left is the kitchen, dining and living area. The L-shaped kitchen features a center island with gas cooktop, oak cabinets, and dark granite counters. There are two sets of sliders with a trio of windows above letting in lots of natural light, and the glass-front pellet stove adds warmth and ambiance in cooler months. The sliders lead out to a 27'8"x19'8" deck, where you’ll want to spend endless hours listening to the sounds of nature and perhaps spotting some wildlife. Recreation options are many, with the VAST & VASA trails crossing the bottom of the driveway, plus Seymour Lake, Island Pond and Spectacle Pond are all nearby for swimming, boating, and fishing. Drive 30 minutes to Burke Mountain and Kingdom Trails for skiing and mountain biking. Shops and several restaurants are 7 minutes away in Brighton or drive 15 miles to the Derby/Newport area for more shopping and dining options. The manager has listed the unit size as 1785 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017