3361 S Pipestone Road
About This Property
This inviting 5-Bdrm, 3-Bath home is made for gathering, whether you're hosting a family reunion, celebrating a special occasion, or enjoying a peaceful escape w/ friends. Step outside & you'll find your own private resort: newly remodeled 472 sq ft pool house w/ bedroom, bath, & kitchenette, party room, french doors open onto new wood deck, an in-ground pool, a sun-drenched patio & surround sound to keep the vibe going.
All pool & pool house furniture is included, so you can start enjoying this unique retreat from day one!
Love a little rustic charm? The property also includes a large vintage red barn full of potential-think catered, elegant dinners, hobby or storage space, endless possibilities- let your creative juices flow. Also, the detached 2-car garage with room for recreational gear, storage, and current workshop is a great bonus feature.
Inside the main home, you'll find character everywhere you look: original wood floors, (also believed to be under carpeting), built-ins, a cozy fireplace, and bright bay window. The centrally located kitchen & main floor is flanked by multiple dining spaces, including a formal dining room and a sunny breakfast room with garden doors that swing open to fresh morning air & exterior patios. Upstairs, spacious bedrooms feature walk-in closets and even a stately dressing room, true to the home's historic roots.
Surrounded by lush lawns, flowering & mature trees and just a short drive from Chicago or South Bend, this country paradise is close to beaches, golfing, boating, wineries and makes this location very attractive for full time living or as in income property.
And YES! SHORT TERM RENTALS are welcome here! Airbnb or VRBO perhaps? Whether you're looking for a personal retreat, a party-ready escape, or an income-generating investment, the Hogue House delivers charm, history, and fun in one unforgettable package.
See all of the wonderful improvements & features this property has to offer on attachments.
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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 |
|---|---|---|---|
| Aug 13, 2025 | Sold | ||
| Sold | |||
| Jul 10, 2025 | In contract | - | |
| In contract | |||
| May 23, 2025 | Price Decreased |
$549,000
↓ $30K
(5.2%) | |
| Price Decreased | |||
| May 8, 2025 | Listed by Coldwell Banker Anchor R.E. | $579,000 | |
| Listed by Coldwell Banker Anchor R.E. | |||
| Oct 25, 2019 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017