1
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460 & 462 BOGTOWN Road
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 |
|---|---|---|---|
| Jan 18, 2023 | No longer available | - | |
| No longer available | |||
| Jul 16, 2022 | Listed by WHITETAIL PROPERTIES REAL ESTATE LLC | $325,000 | |
| Listed by WHITETAIL PROPERTIES REAL ESTATE LLC | |||
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Looking for a large property to build your dream home, farm or hunting cabin, this property has it all with tillable fields, timber, views, privacy, a well and electric. From the road a driveway leads up a gentle hill to a large opening that faces west and offers picturesque views of the surrounding hills. Power and a drilled well make building a breeze and there are multiple locations perfect to build your dream home or hunting cabin. Taking advantage of the slope provides the opportunity for a walkout basement for expanded living space. Imagine sitting on a deck overlooking the clearing while you catch the last rays of the sun as it sets on the mountains beyond looking west. Following the main trail south leads to 3 large tillable fields currently in hay production and totaling nearly 20 acres. There is a network of trails throughout the property perfect for ATV's and horses and wide enough to accommodate trucks or 4-wheel drive vehicles. With some light chainsaw work and brush cutting the trails could be expanded to provide miles of riding enjoyment and access to all points of the property. The main trail passes through the fields in the south and heads north along the top of the hill that runs north and south through the property. The hill drops off towards the west and features heavy brush and views of the mountains of Vermont looking east. At the north end of the property is an overgrown pasture nearly 20 acres in size, small saplings and shrubs are scattered throughout the pasture but with some clearing the pasture could easily be reclaimed. Hunters take notice this property sets up incredibly well for hunting. The fields and overgrown pasture are the perfect setup for food plots with multiple locations for tree stands or blinds to take advantage of various wind conditions. Heavy brush and east/southeast facing slopes provide excellent cover and bedding areas. There is heavy deer sign throughout the property including rubs, beds and trails showing consistent use. Turkey, coyote, rabbit and other small game are abundant throughout. If horses or farming is your passion then look no further. Located in an Agriculture District this property is the perfect setting for horses, cows or other farm animals. Plenty of space for barns, pastures and miles of trails for horseback riding. Build your dream home, farm or hunting cabin and enjoy everything this property has to offer with the serenity of peaceful views, privacy and acres and acres to roam. Located just 3 miles north of the historic town of Salem and close proximity to the Vermont border the area features cultural events, historic landmarks, covered bridges and various cultural events. Call today to see this incredible property.
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| Feb 25, 2021 | Sold | ||
| Sold | |||
| Sep 7, 2018 | Listed by Heritage Manor Realty | $225,000 | |
| Listed by Heritage Manor Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017