3045 Shallow Ridge Road
About This Property
Although listed as a 2-bedroom, the septic permit allows for up to 4 bedrooms, offering substantial options for expanding living accommodations. The home currently features 3.5 bathrooms, providing convenience and comfort for large families or guests. The property includes a 3,596 sq. ft main level, 1,160 sq. ft. finished basement, plus an additional 2,036 sq. ft. of unfinished space, ideal for storage, a workshop, or future expansion. A 1-car basement garage and a 2-car detached garage provide ample space for vehicles, equipment, or projects. Inside, the home features dual kitchens, a cozy wood-burning fireplace, and generous living space for comfort and functionality.
Recent updates include a roof less than 10 years old and an HVAC unit replaced about 2 years ago. The property has a private well with a softener system, and public water is available at the street for added convenience. Enjoy the views of the mountains and the serenity of country living while being just minutes from I-40, Jefferson City, and Morristown.
This home is move-in ready but offers fantastic potential for customization. With sprawling acreage, privacy, and abundant storage, this is a rare opportunity to own a property with so much space and versatility. Schedule your private showing today!
Information taken from tax records. All information is deemed reliable but not guaranteed. Buyer to verify everything to their satisfaction.
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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 13, 2025 | Sold | ||
| Sold | |||
| Feb 5, 2025 | Listed by Century 21 Legacy | $899,000 | |
| Listed by Century 21 Legacy | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017