Listed by: Dianne Laplante, KW Vermont-Stowe, Selling Office: Big Bear Real Estate, Listing Courtesy of Prime MLS
$400,000
●
House -
Off Market
318 Wallace Road
Derby, VT 05829
5 Beds
4 Baths,
2
Half Baths
3,700 Ft²
$434,811
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model
About This Property
5 bdrm. 2+ bath home on 10.35 acres with 4 stall horse barn (w/hay
storage on 2nd floor), & extra small storage building. Private,
quiet, mountain views, Derby Pond views. Contemporary ranch with
finished basement. Attached heated garage w/half bath, large 2 car
& extra storage and side garage entrance for utility vehicle. 3
minutes to downtown Derby Village, library, middle school, Derby
Village Grocery. 8 minutes to exit 28 or I-91 and large grocery
shopping. 10 minutes to downtown Newport. 8 miles to Canada border
crossing via I-91. Quiet neighborhood of nice homes and neighbors.
Built about 2000. EASY TO HEAT....!
Unit Size
3,700 Ft²
Days on Market
-
Land Size
10.35 acres
Price per sqft
$115
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1998
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 years ago (Prime MLS #4906515)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 20, 2022 | Sold | ||
| Sold | |||
| Apr 23, 2022 | Listed by KW Vermont-Stowe | $425,000 | |
| Listed by KW Vermont-Stowe | |||
| Jul 9, 2021 | Sold | ||
| Sold | |||
| Apr 22, 2020 | Listed by KW Vermont-Stowe | $317,000 | |
| Listed by KW Vermont-Stowe | |||
| | |||
|
Looking for a quiet 5 bedroom contemporary ranch and mini horse or large animal farm in the Derby limits on 10+ acres? 4 stall horse barn with hay storage on second floor with water & power. There’s a home for the chickens also. Large 34’ x 48’ Quonset hut with 2nd floor has lots of room for equipment storage. 2.5 attached garage with radiant heat & smaller 3rd door for riding mower, etc. and direct entry into house is helpful. Located on a nice long end of the road driveway that allows for total privacy. Located less than one minute to Derby Pond Animal Hospital. Far end of property gives entry to snowmobile trail. Long distant views and Derby Pond. ***minimum 48 hour notice to show-tenants with disabilities need time to prepare...!
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Property Highlights
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About Derby Center
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Listed by: Dianne Laplante, KW Vermont-Stowe
Last Updated Date: 2022-07-20
Last Checked: 3 hours ago
Data Source: Prime MLS, MLS# 4906515
Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated Date: 2022-07-20
Last Checked: 3 hours ago
Data Source: Prime MLS, MLS# 4906515
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