2970 Packinghouse Road
About This Property
Welcome to your dream farmhouse retreat! Set on a peaceful and secluded 1-acre lot zoned AG-2, this beautifully remodeled 3-bedroom, 2-bath home combines classic charm with modern comfort.
Step inside to an open, airy layout featuring luxury laminate plank flooring throughout, an updated kitchen with granite countertops and newer appliances, and ceiling fans throughout. The spacious living area flows effortlessly to the outdoors through a large sliding glass door, offering a view of the screened-in pool area - perfect for relaxing or entertaining.
The primary suite boasts an updated en-suite bath, while the guest bathroom has also been tastefully renovated for comfort and style.
Outside, enjoy the fruit of your mulberry tree and a truly exceptional 30 x 30 shop with two Large bay doors, a cement floor, and full electric - ideal for projects, hobbies, RV or extra storage.
This property offers privacy, space, and the lifestyle flexibility of AG-2 zoning - all in a picturesque setting that feels like home the moment you arrive.
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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 |
|---|---|---|---|
| Jul 10, 2025 | Sold | ||
| Sold | |||
| Jun 5, 2025 | In contract | - | |
| In contract | |||
| May 25, 2025 | Price Decreased |
$395,000
↓ $20K
(4.8%) | |
| Price Decreased | |||
| May 3, 2025 | Price Decreased |
$414,950
↓ $10K
(2.4%) | |
| Price Decreased | |||
| Apr 16, 2025 | Listed by Home Source Realty of SWFL LLC | $424,950 | |
| Listed by Home Source Realty of SWFL LLC | |||
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About Alva
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017