450370 STATE ROAD 200
About This Property
The home features a newer A/C and water heater, along with a new roof, providing important updates and peace of mind. The classic brick exterior offers timeless appeal and durability, while the expansive acreage gives you plenty of room to enjoy the outdoors, garden, entertain, or simply relax and enjoy the peaceful country setting. One of the property's most exciting features is the potential to subdivide approximately one acre from the right side of the parcel and build another home. Imagine living in the existing home while constructing your new home, then potentially renting the existing home or selling it after the new residence is completed. Buyers should verify subdivision, zoning, permitting, and building requirements with the appropriate county authorities.
For additional storage and workspace, the property includes three sheds. You'll also find your own chicken coop, perfect for those looking to embrace a more self-sufficient, farm-to-table lifestyle.
Water is well covered with two wells on the property, including a reliable artesian well, offering an additional benefit for country living.
Located in Callahan, this property provides a peaceful country atmosphere while remaining conveniently close to local schools, shopping, restaurants, and everyday amenities. If you're looking for acreage, flexibility, investment potential, and the freedom of NO HOA, this property offers an exceptional opportunity to make your vision a reality!
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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 |
|---|---|---|---|
| Sep 11, 2026 | Listed by TRUDEALS REALTY CORP | $350,000 | |
| Listed by TRUDEALS REALTY CORP | |||
| Dec 27, 2023 | Sold | ||
| Sold | |||
| Sep 11, 2023 | Listed by TRUDEALS REALTY CORP | $315,000 | |
| Listed by TRUDEALS REALTY CORP | |||
| Oct 15, 2021 | Listed by RICHR HOMES | $239,800 | |
| Listed by RICHR HOMES | |||
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Artesian well property .Charming classic located just outside of Callahan on just over 1 acre. This 1963 Norwegian brick home has many originals. As you walk through the front door you immediately notice the wood floors and brick fireplace. Home features 3 bedrooms, 1 bath, screened in porch, 2 car carport with security lighting, and a well/septic tank. Beautiful park like yard with fruit tress and lots of flowers that can be used for gardening, farm animals, or to just sit back and relax. This home would be a great starter home or if you are looking to downsize. Conveniently located near 95. Won't last long. Schedule your showing today. Being Sold AS IS
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| Aug 18, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017