388 Willow Creek Rd
About This Property
of Evergreen history. This 33+ acre parcel boasts pristine horse and meadow land that has been in the same family for
over a century. There are several building sites to choose where to put your dream estate. The location is extremely
private and surrounded by large 20-50+ acre estates. Special does not begin to describe this incredible property. The Anderson Ranch was divided into three parcels in 1990 via an exemption with Clear Creek County and a Land Survey and
Improvement Survey Plat was done at that time and recorded. There are two homes on the property, both are
sold strictly as is, and the main focus of the sale is the land. One home is not livable and is considered a
teardown, the other can be used for residential purposes or perhaps used as a construction trailer while you build your
luxury estate or pursue your passion to live off the grid. Both homes each have septic systems, conditions to both
unknown, and there is a well that allows 1 acre of irrigation and watering of domestic animals and poultry. There is a
three-stall barn next to the main meadow that needs repair and roof work, and there is cross-fencing throughout. The
property is completely fenced. All buildings on the property whether residential, sheds or outbuildings are strictly sold ASIS. An initial meeting with the listing agent to be shown key areas of the property is advised and the property is shown
strictly by appointment only. No trespassing is allowed. No access is granted without an appointment or permission by the
listing agent. Only pre-approved or qualified buyers, please.
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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 |
|---|---|---|---|
| Oct 31, 2022 | Sold | ||
| Sold | |||
| Jul 10, 2022 | Listed by Madison & Company Properties | $950,000 | |
| Listed by Madison & Company Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017