349 Gunsmoke Dr
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%.
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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.
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 |
|---|---|---|---|
| Mar 24, 2026 | Sold | ||
| Sold | |||
| Mar 2, 2026 | In contract | - | |
| In contract | |||
| Feb 20, 2026 | Price Decreased |
$645,000
↓ $20K
(3%) | |
| Price Decreased | |||
| Jan 20, 2026 | Listed | $665,000 | |
| Listed | |||
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Set on a full acre in Deer Creek Valley Ranchos, this home offers the kind of mountain space that's getting harder to find; flat, usable land, wooded views, and a layout that simply works. It's quiet here. Peaceful. The kind of place where you can settle in and actually enjoy your surroundings. The home presents beautifully from the street, with a commanding facade and polished curb appeal.
Inside, the living room is vaulted and filled with natural light, thanks to floor-to-ceiling windows that look out into the aspens. The main level flows easily from the living room to the kitchen and breakfast nook, creating an open, airy feel that works just as well for everyday life as it does for hosting guests.
The kitchen is practical and well-positioned, keeping you connected to the living spaces and the views beyond. Step outside to the deck and you'll find a pergola that becomes shaded and green in the summer as vines grow in; an easy spot for grilling, relaxing, or enjoying a quiet evening outdoors. The acre is flat and usable, giving you flexibility for outdoor projects, pets, or simply space around you.
The primary suite is located on the main level and offers a comfortable, spacious setup with French doors, a walk-in closet, and a five-piece en suite bath. Two additional bedrooms and bathrooms provide room for guests, work-from-home needs, or hobbies. Other features include a newer roof, natural gas forced-air heating, and an oversized 2-car garage.
And for location, you're just 4 miles to Highway 285 and 8 miles to downtown Bailey, making daily errands and commuting easy while still enjoying a quiet, wooded setting.
Seller is offering a $10,000 concession with an acceptable offer which can be used toward closing costs or to refresh the carpet, giving you options and flexibility right out of the gate!
If you're looking for space, privacy, and a solid mountain home in a great location, 349 Gunsmoke Drive is calling your name.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017