56504 Shaw Road
About This Property
The main level features 1,889 square feet, 3 bedrooms, and 2.5 bathrooms. At the heart of the home is a spacious kitchen complete with a large island, custom cabinetry, generous pantry, and adjoining utility room. Vaulted ceilings and an open-concept design create a bright, inviting living space. Sliding glass doors open onto the expansive wraparound porch, where panoramic views stretch across the pasture and toward South Moreau Creek-an ideal setting for enjoying quiet mornings or evenings overlooking the property. The finished basement adds approximately 1,500 square feet of living space and includes an additional bedroom and bathroom, office nook, and large living area. One of the home's most unique features is the climate-controlled safe room, providing more than 500 square feet of additional secure space.
Outside, the property is equally impressive. A 32'x50' enclosed shop features concrete floors, power, and a 12-foot overhead door, along with two 14'x50' lean-tos for additional equipment, hay, or livestock storage. Pipe fencing surrounds the shop area, where you'll also find a pipe corral and automatic waterer. The southern portion of the property is fenced and cross-fenced, making it ready for cattle, horses, or other livestock. Just west of the home sits a beautiful pond measuring nearly an acre and stocked with crappie, bass, and catfish. For even more live-water recreation, the South Moreau Creek winds directly through the property. Multiple gravel bars create incredible spots for fishing, swimming, relaxing, or spending summer afternoons with family and friends. Cross the creek to the northern portion of the property and the landscape transitions into a wildlife haven. An established trail system provides access through a diverse mixture of open areas, mature hardwood timber, and walnut groves. This variety creates excellent habitat and cover for deer and turkey, and the seller has enjoyed successful hunts on the property.
Maintain peace and privacy with outstanding accessibility. Located in the Eldon School District, you're approximately 15 minutes from Eldon, 25 minutes from Osage Beach, and 30 minutes from Jefferson City. Call for your showing today!
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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 18, 2023 | No longer available | - | |
| No longer available | |||
| Jul 1, 2023 | In contract | - | |
| In contract | |||
| Apr 14, 2023 | Listed by Promo Realty, LLC | $585,000 | |
| Listed by Promo Realty, LLC | |||
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Don’t miss this rare opportunity to own a beautiful piece of farmland property in Olean! This fenced-in cattle land offers two picturesque ponds (one stocked with fish!) and a small, serene creek. The charming farmhouse features a new HVAC system and AC as well as a galley-style kitchen and a cozy hearth room with a fireplace. Also located on the property are a well house, barn, feed shed, and two garden sheds. Doubling as a great storm shelter, the well house has a cellar with a water heater and well tank. The spacious 40x60 metal barn boasts a metal roof, concrete flooring, a new 12ft door, and electric and water conveniently located right outside. The manager has listed the unit size as 1621 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017