2979 Colvin Hill Road
About This Property
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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%.
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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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 9, 2022 | Sold | ||
| Sold | |||
| Mar 19, 2022 | No longer available | - | |
| No longer available | |||
| Feb 2, 2022 | Price Increased |
$1,700,000
↑ $400K
(30.8%) | |
| Price Increased | |||
| Oct 22, 2021 | Listed by Josiah Allen Real Estate, Inc. | $1,300,000 | |
| Listed by Josiah Allen Real Estate, Inc. | |||
| Sep 4, 2021 | Listed by Josiah Allen Real Estate, Inc. | $1,850,000 | |
| Listed by Josiah Allen Real Estate, Inc. | |||
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Noted "Best View in Vermont"! Two Residences with Amazing 360 degree "Top of the World" perspective as unobstructed views are layered over valley's, water and countryside to a multitude of mountain ranges to sunset west, north of Killington & south to Stratton. This 30.7 acre Sanctuary shall never disappoint with a fantastic custom crafted "Old World" 3875 SF Main Residence boasting an open floor plan supporting rich tradition featuring exposed antique post & beam as well as hosting Count Rumford fireplaces in each: Great Rm Kitchen, Living Rm, Study, and Sunroom on the main level adding two others in the Master Bedroom and Tavern Room! Open Dining Rm! Nice ceiling height, beaded panels, and pine floors with a warm patina are a constant throughout. This fantastic residence offers spacious gathering areas as well as intimate rooms taking in the views. There are 4 Bedrooms plus an in-law suite upstairs and the inviting playful lower level adds recreation, storage, and a most charming reclaimed antique pub tavern! The property straddles Colvin Hill where the power lines are buried further enforcing the magic of these views which are just as impressive from the two bedroom, 1300 SF Guest House with open great room. The land level to sloping and open shall support agriculture, animals or sledding, pool and spas! Wrap around porches with screened room ideal! Generator, slate roofs, and nearby Rutland Airport. One of, if not, the MOST SPECTACULAR VIEWS available in Southern Vermont! The manager has listed the unit size as 6544 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017