374 Spruce 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 |
|---|---|---|---|
| Oct 29, 2024 | Sold | ||
| Sold | |||
| Oct 17, 2024 | In contract | - | |
| In contract | |||
| Aug 16, 2024 | Listed by Rhae Group Realty | $195,000 | |
| Listed by Rhae Group Realty | |||
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**Exceptional 35-Acre Mountain Retreat with Easy Access**
Seize the opportunity to build your dream mountain cabin on this rare and well-priced 35-acre lot, just a short 18-minute drive from Lyons. This unique property offers a blend of convenience and seclusion, featuring:
**Easy Access:** A pre-existing, fairly level driveway ensures hassle-free arrival, while the main building envelope of approximately 1 acre is ready for construction.
**Prime Building Site:** The designated building area is conveniently flat with excellent solar exposure, providing an ideal foundation for your mountain getaway.
**Expansive Outdoors:** Enjoy the remaining 35 acres for hiking, trail-building, and outdoor adventures. National Forest access is nearby, offering even more exploration opportunities.
**Seasonal Stream:** A seasonal stream runs through the property, offering great hunting opportunities.
**Utilities Ready:** Electricity is available at the property line, and a recent survey is provided for your convenience.
**Coordinates:** The primary building site can be located at 40.17843, -105.42220.
Don't miss out on this rare chance to create your perfect mountain escape with effortless access and abundant natural beauty.
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| May 26, 2021 | Sold | ||
| Sold | |||
| May 10, 2021 | Listed by Coldwell Banker Realty 56 | $149,000 | |
| Listed by Coldwell Banker Realty 56 | |||
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This is your chance to build the dream mountain cabin with super easy access. Rarely available, well priced 35 acre building lot within easy driving distance of Lyons (about 18 minutes). Driveway is already in and is fairly level with easy access, good solar exposure, an approximately 1 acre building envelope is fairly level. The other 34 acres are yours to enjoy for hiking, trail-building, riding, etc. National Forest access nearby. Electricity at property line. Recent survey available. Here are the coordinates for the location that is really the only legitimate building site on the property: 40.17843, -105.42220
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017