451 Old Sawmill Rd
About This Property
A newer well, completed in Fall 2022, provides ample water resources for all your needs. The well is 900 feet deep with a static 1,200-gallon capacity and strong replenishment rate, ensuring a reliable water supply for nearly any sized future residence.
Set against a backdrop of rugged rock outcroppings with multiple areas to build viewing decks and a mix of aspens and pines, this private location is perfect for creating your personal sanctuary. With year-round access via a county-maintained road, you're only 10 minutes from Highway 285.
Several building sites are available, with natural gas, electric, and phone services accessible from the road. While the well is ready, a septic system has yet to be installed to allow for optimal placement once a building site has been finalized. The land, the layout, and the resources are all ready and waiting for a one-of-a-kind Colorado mountain getaway.
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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 |
|---|---|---|---|
| Nov 6, 2024 | Sold | ||
| Sold | |||
| Sep 22, 2024 | In contract | - | |
| In contract | |||
| Sep 22, 2024 | Price Decreased |
$294,000
↓ $1K
(0.3%) | |
| Price Decreased | |||
| Jun 7, 2024 | Price Increased |
$295,000
↑ $1K
(0.3%) | |
| Price Increased | |||
| Apr 4, 2024 | Listed | $294,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017