398 Middlebrook Road
About This Property
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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.
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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 |
|---|---|---|---|
| Aug 17, 2021 | Sold | ||
| Sold | |||
| May 3, 2021 | Listed by Martha E. Diebold/Hanover | $439,000 | |
| Listed by Martha E. Diebold/Hanover | |||
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Delightful vintage cape in an exceptionally pretty valley location. Surrounded by meadow and sited on Middlebrook Road with a short walk to Lake Fairlee or a minute drive to the boat launch, this 3 bedroom 2 bath cape is waiting to be your new home! The many new improvements include all new windows, paint inside and out, wiring and spray foam insulation on the foundation. There is also a 2 bedroom attached apartment with separate heat and hot water. The apartment has been rented consistently for 3 years and has the flexibility to be a short term rental for healthcare travelers, visiting faculty or avid fisherman which would be popular given its proximity to the lake’s boat launch. There is plenty of room for guests trailering a boat. Strong Wi-Fi connectivity through local ISP carrier and along with unobstructed views, make the office area an ideal remote worker location. The location is remote, however it is less than a 30 minute commute to the Lebanon/Hanover areas for shopping, school or work. Additionally, the apartment could also be used for preteen/teen area with bedrooms above and a separate rec room with a kitchenette which flows nicely into the main house. There is a terrific classic Vermont barn to store your many outdoor activities such as kayaks, canoes, tools and garden appliances. 3.5 lovely landscaped acres with backyard views overlooking the brook with its variety of wildlife throughout the year.
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| Dec 21, 2017 | Sold | ||
| Sold | |||
| Sep 2, 2017 | Listed | $180,000 | |
| Listed | |||
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This is a great opportunity to purchase a 1900s farmhouse with so much potential and charm! The main house has large open first floor and lots of windows letting in great light. The second floor has three bedrooms and a full bathroom. Enjoy the morning coffee on the front porch, or walk out from the sun room to the tranquil back yard and enjoy the brook that meanders along the back boundary. The house has an attached two bedroom apartment with separate entrance, heat and electricity. The property is being subdivided from a larger parcel of land, and will have 3+/- acres that create a lovely home. The manager has listed the unit size as 2177 square feet.
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| Aug 21, 2017 | Listed by Coldwell Banker LIFESTYLES - Hanover | $150,000 | |
| Listed by Coldwell Banker LIFESTYLES - Hanover | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017