2971 Fall River Rd
About This Property
Italian granite island, perfect for entertaining while cooking. A Wolf range and double ovens, and Sub Zero refrigeration and freezer appliances complete the essentials. A large pantry, copper prep sinks, coffee nook and custom cabinetry reflect the thoughtful design and beauty found throughout this home. The acid-stained concrete floors resemble rich leather and an efficient Russian stone fireplace and bread oven blend the cozy ambiance of the open floor plan. Tall barn doors open to a spacious outdoor patio with a dedicated propane line for the grill, an automatic whole house generator, and new hot tub. A fenced backyard with a large covered dog run is a pet's dream. The primary suite features programmable skylights and adjoins a bonus room - an exercise room, den, or a second office. A detached heated studio adds versatility, offering a creative space for your imagination or easily converted back to a 2-car garage. Completing the outdoor amenities is a fairy play garden, picnic area, greenhouse, and extra storage. The 18-inch thick walls, custom Hunter Douglas electric blinds and radiant floor heat creates a luxurious and energy-efficient environment. This home is where history and modernity converge offering a Colorado lifestyle that is truly unique.
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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 |
|---|---|---|---|
| Mar 31, 2026 | Sold | ||
| Sold | |||
| Feb 18, 2026 | In contract | - | |
| In contract | |||
| Oct 12, 2025 | Price Decreased |
$1,575,000
↓ $50K
(3.1%) | |
| Price Decreased | |||
| Aug 20, 2025 | Price Decreased |
$1,625,000
↓ $75K
(4.4%) | |
| Price Decreased | |||
| Mar 6, 2025 | Listed by Madison & Company Properties | $1,700,000 | |
| Listed by Madison & Company Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017