4505 Old Colony Line Rd
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 |
|---|---|---|---|
| Nov 17, 2023 | Sold | ||
| Sold | |||
| Oct 6, 2023 | No longer available | - | |
| No longer available | |||
| Sep 14, 2023 | Listed by Link Realty, LLC | $725,000 | |
| Listed by Link Realty, LLC | |||
| Sep 8, 2023 | No longer available | - | |
| No longer available | |||
| Aug 15, 2023 | Listed by Link Realty, LLC | $749,000 | |
| Listed by Link Realty, LLC | |||
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A divine country home with all the perks! This 3 bedroom 2 bathroom custom home w/metal roof on 5 acres also includes a guest home and workshop. The fully fenced property welcomes you through a custom automatic gate to the stone home with lovely front porch. High ceilings, open floor plan, no carpet, and neutral colors throughout. Custom cabinets in the kitchen with an 8 foot island, gas range, granite counters, large pantry, and an abundant of cabinet space. Don't miss the special touches throughout--the swinging laundry room door, custom lighting, antique double screen doors, and stone fireplace are one of a kind! Double barn doors lead to the primary suite, bathroom, and walk in closet. Just off the open living areas are two additional bedrooms that share a bathroom w/ a walk in shower. The main home has a 2 car carport. The guest home is 1 bed/1 bathroom and includes a full kitchen, front porch, and covered parking--a great generational living option or income producing rental. The workshop is 30'x40' feet with 22'x63' lean-tos for additional storage. There's also a full bathroom and several storage rooms that have electricity. This property is serviced by a well but also includes a 5000 gallon storage tank for rain water collection with a whole home UV filtration system. The mature post oaks offer so much shade and the pond is stocked with bass, catfish, and perch. You'll be just minutes to Lockhart, Bastrop, and Austin from either FM 713 or Old Colony Line Road off HWY 20. This is a one of a kind gem that been manicured and maintained for the pickiest buyer. Welcome Home! The manager has listed the unit size as 2949 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017