3470 Sims Rd
About This Property
This beautifully updated brick ranch sits on just over an acre of level land, offering the perfect balance of privacy and accessibility to town. Featuring new flooring, fresh paint, and remodeled bathrooms, this home is move-in ready with modern touches throughout.
The main level boasts a cozy yet functional layout, complete with a two-car garage for easy access. Downstairs, a full unfinished basement provides endless potential, along with an additional garage-perfect for a workshop, extra storage, or a classic car.
Outside, the partially fenced yard offers a great space for pets, gardening, or outdoor entertaining. The property also includes a lean-to structure, ideal for a small barn, equipment storage, or hobby farming.
Enjoy the peace of country living while staying just minutes from town. Don't miss out on this unique opportunity!
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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 |
|---|---|---|---|
| Apr 21, 2025 | Sold | ||
| Sold | |||
| Jan 28, 2025 | Listed by The Real Estate Firm Inc. | $385,000 | |
| Listed by The Real Estate Firm Inc. | |||
| Jun 12, 2024 | Listed by The Real Estate Firm Inc. | $385,000 | |
| Listed by The Real Estate Firm Inc. | |||
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Welcome to this 2-bedroom, 2-bathroom all-brick basement rancher, no-steps to enter, ideally situated just 2 miles from Douglas
Lake. This updated home features a spacious living area with all new flooring, updated bathrooms, a full unfinished basement with garage in basement as well offering endless potential, and a lean-to carport for tractors or more cars. Enjoy outdoor activities in the partially fenced mostly level yard.
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| May 20, 2024 | No longer available | - | |
| No longer available | |||
| May 2, 2024 | Price Decreased |
$380,000
↓ $20K
(5%) | |
| Price Decreased | |||
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Last Updated: 2 months ago
Data Source: Realtracs, MLS# RTC3265425
Brokerage email: [email protected]
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017