40527 County Road 37
About This Property
The thoughtfully updated turn-of-the-century ranch home combines timeless charm with modern comfort. Recent upgrades include new windows and doors, improved attic insulation, a newer roof, and fresh concrete work on the front porch and side entry. Inside, natural light pours through large windows, highlighting a functional, open layout designed for both everyday living and entertaining. The spacious living room features durable wood laminate flooring, while the kitchen shines with stainless steel appliances, generous prep and storage!
The primary bedroom offers a walk-in closet, and two additional (nonconforming) rooms provide flexibility for guests, a home office, or creative space.
With public water to the home, a well for livestock and irrigation, and solar panels helping offset energy costs, this property is as practical as it is picturesque. A detached two-car garage completes the package. Quonset hut, barn, and additional sheds offer ample storage for hay, equipment, and toys.
All of this, just minutes from local dining, amenities, and easy highway access-proving you don't have to sacrifice convenience for a little slice of country paradise.
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Cap Rate Calculator
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 13, 2026 | Sold | ||
| Sold | |||
| Jul 3, 2026 | In contract | - | |
| In contract | |||
| Jun 8, 2026 | Price Decreased |
$490,000
↓ $10K
(2%) | |
| Price Decreased | |||
| May 12, 2026 | Listed | $500,000 | |
| Listed | |||
| Jun 9, 2023 | Listed | $515,000 | |
| Listed | |||
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This 2-acre horse property offers a unique opportunity to experience the idyllic beauty of country living. The vast outdoor space allows for recreational activities, gardening, a hobby farm, or simply enjoying the fresh country air. The property features a rustic antique barn with electricity, offering a perfect environment for horses or other animals. A Quonset hut provides generous storage space for hay, equipment, tools, or vehicles. Embrace the opportunity to indulge in your passions or explore new hobbies within the comfort of your own property. The charming turn-of-the-century ranch home has been updated throughout, including new windows, new doors, updated attic insulation, a newer roof, a new concrete front slab porch, and new concrete side stairs. Inside, the floor plan is designed to maximize space and functionality, with large windows allowing an abundance of natural light to fill the home. The spacious living room has wood laminate floors and plenty of space to host gatherings. The well-appointed kitchen will inspire your culinary creations and boasts new stainless steel appliances, custom cabinetry, and plenty of counter prep space. The primary bedroom includes a walk-in closet, while two additional rooms can serve as an office area or guest bedroom. Start each morning with coffee and a beautiful sunrise as you gather eggs from the chicken coop, and end the day sitting around the firepit gazing out at the gorgeous Colorado sunset over the Rocky Mountains. The house is on public water, while a well provides water for livestock and irrigation. Solar panels help keep your energy costs low. A detached 2-car garage and two storage sheds provide additional space to house equipment. This is an ideal location where you can enjoy the tranquility of country living without sacrificing convenience. Just a few minutes away from dining options and other amenities, with easy access to major highways and neighboring communities.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017