301 Alpine TRL
About This Property
The front of the property features two entrances that lead to the crown jewel: the rustic, hand-built stone cabin. This unique structure incorporates granite, petrified wood, natural crystals, fossils and stones sourced from throughout Texas. Its two buildings connected by a breezeway feature stone fireplaces, a vintage Franklin heating stove, window AC, full bathroom with a new freestanding tub and full kitchen. Spend days exploring the native flora and fauna and evenings soaking up the stars from the built-in outdoor seating or rooftop deck.
Past the cabin, the lot slopes down towards dry creek and shares a small pond with the neighboring lot. Included with the property are multiple sheds, a small screened-in pavilion and a foundation for a mobile home.
This special property truly must be seen to be understood. Escape the noise and bustle of the city at your own Hill Country haven while keeping its comforts a short drive away!
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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 |
|---|---|---|---|
| Nov 19, 2024 | In contract | - | |
| In contract | |||
| Aug 15, 2024 | Listed by JBGoodwin REALTORS WL | $650,000 | |
| Listed by JBGoodwin REALTORS WL | |||
| Mar 15, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Jan 2, 2024 | No longer available | - | |
| No longer available | |||
| Feb 6, 2023 | Listed by JB Goodwin Realtors | $650,000 | |
| Listed by JB Goodwin Realtors | |||
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Hunter's Retreat in the making. This 12.027 acre lot is covered in native vegetation and wildlife. Lot slopes down towards dry creek and shares a small pond with the neighboring lot. The lot comes with multiple sheds, small screened in pavilion, 2 wells, septic, and a hand built, multi-room, stone cabin. Cabin is built from Texas sourced granite, petrified wood and other assorted stones and contains:2 fireplaces, iron stove, window unit air conditioners, partial bathroom, outdoor seating, storage, and a lookout deck. There is also a foundation for a mobile home on property.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017