311 Miners Way
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%.
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 |
|---|---|---|---|
| Oct 3, 2024 | Sold | ||
| Sold | |||
| Sep 5, 2024 | Price Decreased |
$750,000
↓ $25K
(3.2%) | |
| Price Decreased | |||
| Sep 5, 2024 | In contract | - | |
| In contract | |||
| Jul 12, 2024 | Price Increased |
$775,000
↑ $25K
(3.3%) | |
| Price Increased | |||
| Jun 13, 2024 | Listed by Coldwell Banker Realty 18 | $750,000 | |
| Listed by Coldwell Banker Realty 18 | |||
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Welcome to 311 Miners Way, a stunning mountain contemporary home in Fairplay, CO, located in the coveted Valley of the Sun subdivision. This single-family residence built in 2011 offers modern amenities and rustic charm on a spacious 1.32-acre lot. This 1,388 square foot raised ranch features an open floor plan with hardwood floors and vaulted tongue and groove ceilings. The living room is a cozy retreat from the outdoors with a floor-to-ceiling stone accented, gas fireplace and large windows that flood the space with natural light and provide stunning views to the main living space. The dining room continues the elegant design with a rustic overhead light fixture. The kitchen is a delight, boasting oak cabinets, granite countertops, and stainless steel appliances. The master suite features a walk-in closet and en-suite bathroom with dual sinks, an oversized shower stall, and tile countertops. Two additional bedrooms provide ample space for family or guests. All bedrooms have carpeted floors and ceiling fans. A full bathroom with ceramic tile floors and a shower/tub combo doubles as a laundry room, and completes the interior of the home. The expansive wrap-around deck offers breathtaking mountain views, perfect for outdoor entertaining or relaxing alike. The oversized 2-car garage provides plenty of space for storing outdoor gear or creating a workspace. The property's natural vegetation and gravel public road access enhance its rustic appeal. Starlink high-speed internet ready! Property sold with all furnishings included. New septic field installed in 2022. Enjoy the best of mountain living with easy access to local amenities and recreational activities. Only minutes to the free shuttle to Breckenridge Resort. 7 miles to downtown Fairplay, 8 miles to downtown Alma, and 25 miles to Breckenridge. Welcome Home!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017