407 County Road 3
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 |
|---|---|---|---|
| Jul 23, 2025 | Listed | $349,000 | |
| Listed | |||
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***Seller is adding buyer incentive. Seller will owner finance with 20% down. 10 year loan with favorable interest rates to qualified buyers***Looking for privacy, space, and waterfront? This incredible 178-acre parcel in Redwood checks all the boxes. With a mix of hardwood and softwood trees, it's the perfect setting to build your dream home or a cozy cottage tucked deep into nature. Part of the property includes over 2,600 feet of lake frontage, offering beautiful views and endless recreational opportunities. There's also approximately 2,000 feet of road frontage on County Route 3 and another 500 feet on Cole Road, giving you multiple access points. A 1,000-foot power line runs parallel to the road and leads right up to a stone building on the property. There's also an old barn that could be used for storage or possibly restored. Wildlife is abundant—deer, turkey, and other wild game are frequently seen on the land—making it a great option for hunting or just enjoying the outdoors. Whether you're looking to build, camp, hunt, or invest, this property offers a rare combination of seclusion, natural beauty, and water access.
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| Jun 10, 2025 | Listed | $349,900 | |
| Listed | |||
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This incredibly unique property is now on sale! 178 acres of peaceful easy living. Imagine building your dream house surrounded by nature then walking down to the lake, where you have your cottage overlooking 2600 ft of lake front. Private and secluded!! Nature lovers won't want to pass up this opportunity! There is a powerline running 1,000 feet into the property that runs parallel to the road right up to the stone building. Although the power isn't hooked up anymore, you would just need to install a new power box. The barn also used to have power in it and would just need to be hooked up again.
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| May 22, 2025 | Price Decreased |
$349,000
↓ $10K
(2.8%) | |
| Price Decreased | |||
| Feb 13, 2025 | Listed | $359,000 | |
| Listed | |||
| | |||
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This incredibly unique property is now on sale! 178 acres of peaceful easy living. Imagine building your dream house surrounded by nature then walking down to the lake, where you have your cottage overlooking 2600 ft of lake front. Private and secluded!! Nature lovers won't want to pass up this opportunity! There is a powerline running 1,000 feet into the property that runs parallel to the road right up to the stone building. Although the power isn't hooked up anymore, you would just need to install a new power box. The barn also used to have power in it and would just need to be hooked up again.
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| Sep 5, 2018 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017