515 S County Road 121
About This Property
Coming in the second front door you will find the common area with heated floors. From there you can enter the garage; or a second office area which could easily be converted to another bedroom. In the garage you will find a mud room area, additional food storage closet, and also a heated secondary laundry area complete with bathroom. Above the 1,000+ sq ft garage, you'll find the second residence with a fully equipped kitchen, living area complete with a soapstone wood burning stove to keep you toasty on those chilly days, large primary bedroom with vaulted ceiling and a bathroom. There is a private deck that wraps around with access from the upstairs kitchen and the primary suite.
This home offers endless possibilities for multi-generational living or creative utilization. Rent part of it out. It is nestled on 38 acres, with mature landscaping near the house. In addition, this property features several custom designed outbuildings, sheds, a tack room, hay room, chicken coop, small animal barn, loafing sheds - all adding to its charm and potential. No HOA. Zoned A-1 in Arap County. Seize the opportunity to own a property that blends comfort, functionality, and expansive acreage.
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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 |
|---|---|---|---|
| Jul 12, 2024 | Sold | ||
| Sold | |||
| May 25, 2024 | In contract | - | |
| In contract | |||
| Jan 18, 2024 | Listed | $1,055,000 | |
| Listed | |||
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**Highly Motivated Seller! Bring your offers!** This custom built country estate was thoughtfully designed and has limitless potential and breathtaking views of the mountain range. Bring your livestock animals, bring your toys, bring your family. Extremely versatile 6,900+ sq ft property, boasting two residences under one roof. The main residence has a primary bedroom upstairs with ensuite full bathroom, an additional 3 bedrooms upstairs, 1 full bath and a laundry area. Downstairs you'll find an office and a wide open great room and large kitchen great for hosting. The basement is 1576 square feet, unfinished and waiting for your creativity.
Coming in the second front door you will find the common area with heated floors. From there you can enter the garage; or a second office area which could easily be converted to another bedroom. In the garage you will find a mud room area, additional food storage closet, and also a heated secondary laundry area complete with bathroom. Above the 1,000+ sq ft garage, you'll find the second residence with a fully equipped kitchen, living area complete with a soapstone wood burning stove to keep you toasty on those chilly days, large primary bedroom with vaulted ceiling and a bathroom. There is a private deck that wraps around with access from the upstairs kitchen and the primary suite.
This home offers endless possibilities for multi-generational living or creative utilization. Rent part of it out. It is nestled on 38 acres, with mature landscaping near the house. In addition, this property features several custom designed outbuildings, sheds, a tack room, hay room, chicken coop, small animal barn, loafing sheds - all adding to its charm and potential. No HOA. Zoned A-1 in Arap County. Seize the opportunity to own a property that blends comfort, functionality, and expansive acreage.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017