53997 County Road LL56
About This Property
The lock-off apartment sits atop the main home with its own staircase and incredible deck. Imagine living in quiet seclusion and yet only 35 minutes from Salida and just 5 minutes to the historic town of Villa Grove. Enjoy high-altitude sunshine, no covenants, and access to the National Forest and BLM for all your recreational and hunting desires (game unit 681). Privacy abounds with juniper stands on three sides and an open meadow, complete with a fenced horse arena to the east. Entering the home from the covered carport or the front door, you are swept into a sun-drenched open combined kitchen, dining, and living area that provides expansive views across the valley. A wall of glass doors opens onto the front deck, complete with an outdoor fireplace, perfect for those small, intimate evenings or grand enough for large gatherings and family get-togethers. The kitchen features stainless steel appliances and colorful backsplash tiling. The primary bedroom opens to another smaller front deck that looks out over this beautiful property. Just off the kitchen and sun room, you will find a lovely front raised bed garden area just waiting for your vegetables and herbs. A separate she shed with a deck is ready to go, and two other outbuildings provide ample room for toy and vehicle storage. One of these is a barn with a separate workshop and office. There are three 40-foot storage containers tastefully tied in to make for more storage or expansion space.
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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 |
|---|---|---|---|
| Mar 14, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Mar 3, 2026 | Price Decreased |
$929,000
↓ $271K
(22.6%) | |
| Price Decreased | |||
| Oct 21, 2025 | Price Increased |
$1,200,000
↑ $202K
(20.2%) | |
| Price Increased | |||
| Jul 3, 2025 | Listed | $998,000 | |
| Listed | |||
| | |||
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This spacious contemporary home complex has it all and will inspire your mountain living dreams. The property sits in a well-established dark skies area that features incredible views of the Sangre De Cristo Mountains. The main house is a sizeable 3285 square feet and includes a small separate apartment that can produce income as a short-term rental, long-term rental, or guest quarters.
The lock-off apartment sits atop the main home with its own staircase and incredible deck. Imagine living in quiet seclusion and yet only 35 minutes from Salida and just 5 minutes to the historic town of Villa Grove. Enjoy high-altitude sunshine, no covenants, and access to the National Forest and BLM for all your recreational and hunting desires (game unit 681). Privacy abounds with juniper stands on three sides and an open meadow, complete with a fenced horse arena to the east. Entering the home from the covered carport or the front door, you are swept into a sun-drenched open combined kitchen, dining, and living area that provides expansive views across the valley. A wall of glass doors opens onto the front deck, complete with an outdoor fireplace, perfect for those small, intimate evenings or grand enough for large gatherings and family get-togethers. The kitchen features stainless steel appliances and colorful backsplash tiling. The primary bedroom opens to another smaller front deck that looks out over this beautiful property. Just off the kitchen and sun room, you will find a lovely front raised bed garden area just waiting for your vegetables and herbs. A separate she shed with a deck is ready to go, and two other outbuildings provide ample room for toy and vehicle storage. One of these is a barn with a separate workshop and office. There are three 40-foot storage containers tastefully tied in to make for more storage or expansion space.
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| Jan 3, 2023 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017