592 Magee Hill Road
About This Property
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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 |
|---|---|---|---|
| Dec 8, 2024 | In contract | - | |
| In contract | |||
| Nov 20, 2024 | Relisted | $399,000 | |
| Relisted | |||
| Sep 6, 2024 | In contract | - | |
| In contract | |||
| Aug 30, 2024 | Price Decreased |
$433,000
↓ $16K
(3.6%) | |
| Price Decreased | |||
| Aug 16, 2024 | Listed | $449,000 | |
| Listed | |||
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This custom 3-level home is ready for your finishing touches. Located near the crest of Magee Hill Road, situated well back from the road on a sizable 3.3-acre lot with a large gently sloping field & lots of level parking. The kitchen and the living room are on the light filled main floor with windows in each direction. Large, long plank wood floors on the main floor have been protected under FLOR modular flooring. New ductless Mini-Split AC & Heat Pump plus the new Harman pellet stove keeps the home toasty warm in the winter & cool in the summer. The main level bath & laundry is ready to expand to a full bath with included Kohler cast iron tub. The top floor has the generously sized primary bedroom, with gorgeous long views towards Lake Champlain & Blueberry Hill, with a separate den, closet & full bathroom with a tub / shower. Set into the hillside, the basement floor includes a 1 car garage, entry way, utilities, with plenty of space to spare. Large cement parking pad next to the house w/ new 200-amp outdoor load center. The pasture is ready for your gardens, livestock or trails. Just 23 miles from the heart of Burlington, 2.9 miles to Sleepy Hollow Ski & Bike Center, 2.8 Miles to Lake Iroquois, 4.2 miles from Hinesburg Village restaurants, brewery, & shops + only 6.2 miles to Richmond Village. Great location for lots of recreational fun, yet an easy commute to Williston / I89, Airport, Hospital & Waterbury.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017