391 MCGHEE HILL 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 |
|---|---|---|---|
| Feb 18, 2025 | Sold | ||
| Sold | |||
| Feb 1, 2025 | In contract | - | |
| In contract | |||
| Nov 23, 2024 | Relisted | $595,000 | |
| Relisted | |||
| Nov 23, 2024 | No longer available | - | |
| No longer available | |||
| Sep 18, 2024 | Listed by George T Whalen Real Estate | $595,000 | |
| Listed by George T Whalen Real Estate | |||
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Located on a picturesque road in the scenic Hudson Valley is this country home set amid 5 acres with amazing panoramic views. The main level of the house features an open concept layout. Living room, dining room, and kitchen seamlessly flow together with plenty of space to entertain. Sliding glass doors to the spacious deck, facing north and east, offers a place to relax and enjoy stunning vistas of farmland and rolling hills beyond. Upstairs is finished with three bedrooms and one full bathroom. The lower level offers a light-filled family room with sliding glass door to a lower deck, a half bath, a utility/laundry room, and access to a two-car garage. Many recent improvements. The land consists of 5 acres of lawn and meadow, surrounded by agricultural land and bordered on the east by land in conservation. There is an attractive barn, perfect for storage, a workshop, or raising farm animals. Conveniently located to the Village of Millerton, Pine Plains, and Amenia. Many of the area’s best attractions are nearby; Harlem Valley Rail Trail, antiquing, The Moviehouse, Lime Rock, Catamount Mountain, Taconic State Park - Rudd Pond Area hiking trails, and some of the best restaurants in the Hudson Valley. The Metro-North train station is just a 15 minute drive.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017