34 Mill Road
About This Property
The former Grasmere Cottage sits on almost one acre of land in a fantastic location and is walking distance to the center of Rhinebeck. One will need their imagination as the house needs restoration. Additional Information: HeatingFuel:Oil Above Ground,
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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%.
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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.
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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 |
|---|---|---|---|
| Sep 25, 2024 | Sold | ||
| Sold | |||
| Jul 17, 2024 | In contract | - | |
| In contract | |||
| Jun 19, 2024 | Listed by Houlihan Lawrence Inc. | $339,000 | |
| Listed by Houlihan Lawrence Inc. | |||
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This historically important C. 1900 house is located in a historic site and has potential for National Register Eligibility. The cottage was once the tenant/Gate Keeper's house for the Grasmere Estate, now simply known as Grasmere. This house is a rectangular, side gabled Mission inspired cottage with a three-ranked fa ade and central entry. The house features stuccoed walls, and diamond pane casement windows in sets of three. The front elevation includes a gabled entry porch (one bay) which shelters a paneled door with glass panes within a simple surround. The house has a new roof pierced by a central corbelled chimney. The roof overhangs are broad with fascia, exposed rafters and purlins. The former Grasmere Cottage sits on almost one acre of land in a fantastic location and is walking distance to the center of Rhinebeck. One will need their imagination as the house needs restoration.
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