40 Pond Path
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%.
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 |
|---|---|---|---|
| Aug 6, 2025 | Sold | ||
| Sold | |||
| Jul 1, 2025 | In contract | - | |
| In contract | |||
| Apr 12, 2025 | Listed | $549,900 | |
| Listed | |||
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Welcome to Pond Path, where natural beauty & contemporary comfort come together in perfect harmony. Perched in a quiet, gated community known for its larger lots & serene pond & mountain views, this striking contemporary-style home offers the ideal blend of privacy, space & sophisticated design-all just minutes from Ellijay's beloved apple orchards, wineries & hiking trails. Step inside to an open floor plan designed to showcase the home's most spectacular feature: breathtaking, panoramic views of the mountains & community pond. The spacious kitchen features plenty of workspace & a breakfast bar that flows effortlessly into a dining area with large windows, bathing the space in the amazing view. A 2-sided fireplace offers cozy ambiance to both the dining area & the inviting living room, which opens to a small porch-perfect for morning coffee. The main level features a well-appointed full bath easily accessible by guests & a generous master suite w/vaulted ceilings & lots of windows. A large screened-in porch offers a peaceful place to unwind. Upstairs, you'll find a 2nd master BR w/roomy walk-in closet & private 1/2 bath, while also connecting to a full bath. Finishing the upper level is a spacious office/bedroom that also connects to the full bath. The lower level is a versatile space with in-law suite potential, featuring cozy living area w/sliding doors that lead to a private courtyard & those breathtaking views. This level also includes a full bathroom, flexible sleeping or hobby space, laundry area & an abundance of storage. An additional room, perfect for a home gym or extra bedroom, also features direct outdoor access w/sliding door. Whether you're looking for a full-time residence or a serene mountain getaway, this home offers the peace & privacy of mountain living with the convenience of paved roads & nearby attractions. Come experience the magic of this one-of-a-kind retreat-where every window frames a view & every space invites you to stay a little longer.
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| Apr 5, 2007 | Sold | ||
| Sold | |||
| Apr 8, 2005 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017