302 County Road 314
About This Property
As you step onto the property, the Morrison Ditch winds through the land, bringing a peaceful flow that enhances the property's rustic beauty. With 2.25 shares of the Morrison Ditch, you'll have exceptional irrigation to support productive land use. A bridge crosses over the ditch, leading you to a stunning piece of land where you can watch your horses graze or enjoy the wide-open skies. The property is perfect for an equestrian enthusiast or hobby farmer, featuring a large horse barn, outdoor riding arena and a round pen. Additionally, the property includes two shops, and a historic log shed, ready to store all your gear, whether you're tending to the ranch or just living your western dreams. An orchard awaits, offering the opportunity to grow your own fruit.
Rancho Notso Grande-where every day feels like a new chapter in your own western story. This property is not to be missed, schedule your showing today!
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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 |
|---|---|---|---|
| Feb 14, 2025 | Sold | ||
| Sold | |||
| Feb 1, 2025 | In contract | - | |
| In contract | |||
| Nov 20, 2024 | Listed by Berkshire Hathaway HomeServices Colorado Real Estate, LLC - Erie | $495,000 | |
| Listed by Berkshire Hathaway HomeServices Colorado Real Estate, LLC - Erie | |||
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Welcome to Rancho Notso Grande, where country living meets Western charm. Set on nearly 20 acres, this property truly has it all! The cozy 2-bedroom, 2-bathroom home, plus an office, captures the essence of country living with a wood-burning fireplace for chilly nights and a wraparound porch perfect for sipping coffee at sunrise. With unobstructed views of the La Plata Mountains, you'll never tire of the breathtaking backdrop. Located just 10 minutes from Durango Airport and a short drive to Ignacio's shops, restaurants, and casino, you're close to town yet feel miles away from it all-living your own piece of the wild, a true cowboy's haven.
As you step onto the property, the Morrison Ditch winds through the land, bringing a peaceful flow that enhances the property's rustic beauty. With 2.25 shares of the Morrison Ditch, you'll have exceptional irrigation to support productive land use. A bridge crosses over the ditch, leading you to a stunning piece of land where you can watch your horses graze or enjoy the wide-open skies. The property is perfect for an equestrian enthusiast or hobby farmer, featuring a large horse barn, outdoor riding arena and a round pen. Additionally, the property includes two shops, and a historic log shed, ready to store all your gear, whether you're tending to the ranch or just living your western dreams. An orchard awaits, offering the opportunity to grow your own fruit.
Rancho Notso Grande-where every day feels like a new chapter in your own western story. This property is not to be missed, schedule your showing today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017