480 Ridge Rd
About This Property
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Dec 17, 2021 | Sold | ||
| Sold | |||
| Jun 16, 2019 | Listed by Berube Real Estate | $228,000 | |
| Listed by Berube Real Estate | |||
| | |||
|
This first view is from property a short distance away on same ridge, the second is from the land itself without view cleared. Rare opportunity to build a home overlooking Moose Brook Valley and beyond. Build and perc site almost 1000 feet back where the ridge provides the view. The property continues about 700 ft further SE. Ridge runs NE to SW enabling good solar perspective along with a great view. Perc testing was done in 2006, will need re-certification. Frontage and acreage provide for apparent option to divide the land into two buildable lots. Buyer will have to confirm. Front of lot beautifully defined by stone wall and gate at the paved entrance. Amazing stone wall near where owner intended to build, perc was done to the north with house site between that stone wall and the perc site. Ridge RD is home to some of the finest properties in Hardwick, this land is on the side with the view. Is this where you want to build your dream home?
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017