39 Grimes Road
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 |
|---|---|---|---|
| May 1, 2023 | Sold | ||
| Sold | |||
| Oct 25, 2022 | Listed by KW Vermont Woodstock | $95,000 | |
| Listed by KW Vermont Woodstock | |||
| Jun 10, 2021 | No longer available | - | |
| No longer available | |||
| Jan 27, 2021 | Listed | $80,000 | |
| Listed | |||
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This 31.56 acre parcel is awaiting a new owner. The road is in, and the lot has been cleared for possible 3 lot subdivision or building potential. Property could be used for the trails recreationally, to bring a camper, and to enjoy the outdoors if a year round home is not what you are looking for. The local views get better as you travel up the gradual slope from one cleared area to the next. Close enough to town for regular travel, but far enough to keep it out of your daily business.
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About Caledonia
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Last Updated Date: 2023-05-01
Last Checked: less than 1 hour ago
Data Source: Prime MLS, MLS# 4934828
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017