301 CR 253
About This Property
Located in desirable Summerlin Estates in Bertram, this exceptional 25-acre property offers a rare blend of comfort, functionality, and ranch-style charm. The 2,939-square-foot home features 3 bedrooms, 3.5 bathrooms, stained concrete floors throughout, a dedicated office, and a spacious primary suite with a large en-suite bath. The kitchen is outfitted with all Viking appliances, and the home also includes an on-demand gas water heater for added efficiency and convenience. A versatile bonus area, previously used as a kennel, offers endless potential for a separate office, man cave, hobby room, or flex space. Adding to the property's character, the original ranch manager's house still remains on site, offering a unique piece of its history. The attached garage includes a full bath, ideal for cleaning up after working outdoors on the property. Outside, the land is fenced with barbed wire and substantial pipe fencing and is well suited for livestock or ranch use. The 40x60 shop/barn is equipped with power and water and includes 3 loafing pens and a lean-to, making this property as practical as it is picturesque. **Special pricing for qualified cash buyers**
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Cap Rate Calculator
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 4, 2026 | Price Decreased |
$1,150,000
↓ $25K
(2.1%) | |
| Price Decreased | |||
| Jun 27, 2026 | Price Decreased |
$1,175,000
↓ $24K
(2%) | |
| Price Decreased | |||
| Jun 3, 2026 | In contract | - | |
| In contract | |||
| May 12, 2026 | Price Decreased |
$1,199,000
↓ $26K
(2.1%) | |
| Price Decreased | |||
| Apr 9, 2026 | Price Decreased |
$1,225,000
↓ $45K
(3.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017