501 Soque Falls Drive
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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.
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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 |
|---|---|---|---|
| Jun 17, 2022 | Sold | ||
| Sold | |||
| Feb 23, 2022 | Listed by Keller Williams Lanier Partners | $825,000 | |
| Listed by Keller Williams Lanier Partners | |||
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545 ft. of SOQUE FRONTAGE + 18 ACRES + MOUNTAIN VIEWS + CABIN + 500 Acres of National Forest! Within the gates of Soque Falls, the sounds of the rushing river extend upward to the lower mountain side of this 18+ acre fly fishing retreat, which stretches from the river all the way up to an elevation of 1800’ with sweeping long range views. Artistically & colorfully inspired by the trophy trout teeming just below and the 500+ acres of national forest surrounding, the charming studio cabin welcomes warmly those seeking escape and rest. Lined with 545 ft of Soque frontage plus additional access to the Soque Falls community river fishing & pic-nic area. Managed by a trout committee, this property’s river frontage lies among annually stocked & regularly fed water to provide for some of the best wadeable fly fishing the Soque is known for. This property is comprised of 3 lots, which are held in conservation & can be removed rather easily for building purposes as it has just been placed within conservation. The lower site has a slight view & excellent sound of the water, both of which could be improved with selective pruning. The studio cabin features a large covered front porch, bedroom without a closet, bathroom, full kitchen, dining area, oversized living area with space to host guests & a unique bay door opening to bring the great outdoors inside. The cabin is easily accessible for all vehicle types & is located on the lower site. The upper mountain view site is best viewed by hiking or 4x4. 500+ Acres of National Forest borders most of the Northern boundary line.
**Taxes are reflective of conservation & will adjust if buyer prefers to remove from conservation**
**Gated Community & Gated Driveway**Call for appointment**
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017