5705 County Road 38
About This Property
This home offers over 2,200 sq ft with 3 bedrooms and 2 full baths, and sits on one acre. The spacious kitchen flows to the lower level, an open concept great room with cathedral, knotty pine, tongue and groove ceilings. You'll love the tile, radiant floor heat throughout the house that gives this home a warm and cozy feeling. Plenty of windows and doors bring in abundant natural lighting.
Travel upstairs to find your own master bedroom suite with a private bathroom, and walk-in closet with washer and dryer. New flooring is currently being installed in the bedroom. Enjoy the back porch that overlooks the peaceful yard where wildlife can be seen wandering about. This home is truly move-in ready.
Love to fish or kayak? This home is only 4 miles from Alma Pond, a popular fishing spot. Only a few minutes away from the PA border, and 10 minutes to the town of Wellsville.
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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 |
|---|---|---|---|
| Nov 3, 2025 | Sold | ||
| Sold | |||
| Sep 14, 2025 | In contract | - | |
| In contract | |||
| Jul 26, 2025 | Listed by Howard Hanna Professionals - Olean | $179,000 | |
| Listed by Howard Hanna Professionals - Olean | |||
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Welcome to this beautifully designed 3-bedroom, 2-bathroom home offering over 2,400 square feet of thoughtfully crafted living space, nestled on a peaceful 1-acre lot in scenic Alma, NY. Built in 2006, this custom home blends contemporary architecture with cozy comfort, all warmed by efficient radiant heated flooring throughout.
Step inside to a spacious vaulted-ceiling living room, perfect for entertaining or relaxing with family. Natural light pours in through large windows, highlighting the openness and flow of the main living area. The modern kitchen features ample counter space, updated cabinetry, and a built-in eat-in area just around the corner, creating a casual yet functional dining space. Just off the kitchen, enjoy easy access to the covered back deck – an ideal spot for morning coffee or summer evenings overlooking the backyard.
The first floor offers two generous bedrooms and a full bath, providing privacy and convenience for guests or family members. Upstairs, retreat to the expansive master suite, a true sanctuary boasting a fireplace, multiple oversized windows, and a full ensuite bath with modern finishes. You’ll also find the second-floor laundry room located just off the master suite for maximum convenience.
This home is built for comfort year-round, with radiant floor heating throughout – including the bathrooms – for a warm, inviting atmosphere on even the coldest days.
Outside, you'll find a detached garage providing space for vehicles, tools, or workshop needs. The 1-acre lot offers a nice balance of open yard and wooded privacy, giving you room to garden, relax, or explore.
If you're looking for a turnkey home with contemporary charm, spacious design, and modern comfort in a quiet rural setting, this one checks all the boxes.
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| May 27, 2022 | Sold | ||
| Sold | |||
| Feb 26, 2022 | Listed by Landquest Inc. | $135,900 | |
| Listed by Landquest Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017