7288 Anderson County Road 404
About This Property
Built in 1984, the two-story home at Dogwood Ridge offers 2,718 square feet of comfort and charm. With five bedrooms, three bathrooms, and two spacious living areas, there's plenty of room for family gatherings or hosting friends. The kitchen has been meticulously updated with custom cabinets, solid countertops, and premium appliances, making it the heart of the home-ideal for preparing a feast or enjoying casual morning coffee. The downstairs floor plan can be remodeled to accommodate or add a master suite. Picture yourself unwinding on the expansive front deck, soaking in the peaceful views, or making use of the large carport that keeps your vehicles sheltered.
This property's landscape will take your breath away-120 feet of elevation change creates incredible northern views, while mature hardwood and pine trees bring the landscape to life, especially in spring when Dogwoods and Redbuds burst into bloom. Picture an open understory that lets you wander under a majestic tree canopy with ease. Hidden among the hillsides, a series of springs form a small creek-the perfect reward for those seeking a bit of adventure. Whether you travel there by buggy or on foot, you'll be welcomed by a quiet valley filled with the soothing sound of running water.
For those who cherish wildlife, Dogwood Ridge doesn't disappoint. The property's long driveway winds through the woods, giving you a sense of seclusion as you approach the house. The area is known for its high deer population, and local conservation efforts have encouraged an increasing presence of wild turkeys. You'll truly feel at home surrounded by nature.
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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 |
|---|---|---|---|
| Apr 1, 2025 | Sold | ||
| Sold | |||
| Jan 6, 2025 | Listed by Whitetail Properties Real Estate | $899,000 | |
| Listed by Whitetail Properties Real Estate | |||
| Dec 24, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Nov 27, 2023 | Listed by Whitetail Properties Real Estate | $995,000 | |
| Listed by Whitetail Properties Real Estate | |||
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Dogwood Ridge, located at 7288 ACR 404 north of Palestine, Texas, offers 77.752 acres of wooded serenity in a landscape reminiscent of the Arkansas countryside. The estate features a two-story, 2,718 square-foot home built in 1984 with five bedrooms, three bathrooms, two living areas, and an updated kitchen with custom cabinets, solid countertops, and premium appliances. An expansive front deck and a large carport enhance the home's functionality.
The property boasts diverse topography with a 120-foot elevation change, providing scenic northern views, particularly from the southern portion. Mature hardwood and pine timber, along with blooming Dogwood and Redbud trees, create a picturesque setting. The relatively clear understory enhances visibility and the property's natural beauty.
Dogwood Ridge is ideal for a recreational getaway or a private residence, offering opportunities for sustainable living, hunting, or simply enjoying the tranquility of nature.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017