501 County Road 337
About This Property
The home is a classic 3-bedroom, 2-bath ranch-style residence, thoughtfully cared for and surrounded by mature trees, including towering Grandfather Mesquites, Pine trees, and producing Pear, Peach and Pecan trees. The land is cross-fenced into two separate pastures, perfect for sheep, goats, or horses, with plenty of space for grazing and future expansion.
A dedicated garden plot has a long, productive history of strong yields, making it ideal for anyone with a green thumb or aspirations of a sustainable lifestyle. The property also includes a 30' x 40' shop equipped with water and pneumatic air, plus an attached lean-to for storing large equipment. The storm cellar offers added peace of mind.
This is more than just a property-it's a homestead filled with character, history, and potential, the likes of which don't come up for sale very often. You won't want to miss this opportunity. Get your bid in and make this special place your own on April 12th!
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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 |
|---|---|---|---|
| May 12, 2025 | Sold | ||
| Sold | |||
| Apr 9, 2025 | Listed by Berkshire Hathaway HS Stovall | $475,000 | |
| Listed by Berkshire Hathaway HS Stovall | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017