486 Falls 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%.
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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 30, 2023 | Sold | ||
| Sold | |||
| Oct 27, 2023 | Listed by Coldwell Banker Hickok and Boardman | $559,000 | |
| Listed by Coldwell Banker Hickok and Boardman | |||
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Location, Location, Location! You’ll love this light-filled Shelburne Village home and be excited to make it yours! Features include a beautiful open floor plan with a wonderful kitchen complete with cathedral ceiling, Danby marble countertops, and stainless appliances. This gem is charming in every way and offers three bedrooms, two baths, gorgeous wood flooring and updated carpeting, a cozy fire-lit living and dining area, an entryway mudroom, mini splits for heat and air conditioning, and an abundance of natural light throughout! The home feels pleasantly perched above the street, and has the added benefits of an oversized garage and private backyard oasis, complete with a spacious deck that's perfect for 3-season enjoyment. The owners have taken care to preserve and modernize this 1930’s farmhouse to ensure that the home offers comfort and utility, including a light-filled bedroom and full bath on the first level. Just a stone's throw from all of the amenities the Village of Shelburne offers, this home is also across the road from the Beautiful LaPlatte Nature Park filled with trails and 145 acres of town owned land. Additionally, the sought-after Shelburne Community School is located just a few miles from the home. 486 Falls Road is a truly unique opportunity in Shelburne and is convenient to everywhere!
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| Dec 19, 2018 | Sold | ||
| Sold | |||
| Oct 19, 2018 | Listed by Coldwell Banker Hickok and Boardman | $329,000 | |
| Listed by Coldwell Banker Hickok and Boardman | |||
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Charming Farmhouse in Shelburne Village with three bedrooms, hardwood floors, and many aesthetic highlights. Kitchen boasts a vaulted ceiling, stainless steel appliances, and a gas stove with hood. Brazilian cherry floors in dining and living rooms. Deck with hot tub overlooks large, flat back yard. House sits back from road for privacy and is directly across the street from the vast LaPlatte River trails and fields. It is a stone's throw away from restaurants, shops, and groceries. A character-filled home in a wonderful location! Seller is a Vermont licensed real estate agent.
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| Jun 16, 2015 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017