602 CO RD 14B
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%.
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 |
|---|---|---|---|
| Apr 3, 2023 | Sold | ||
| Sold | |||
| Jan 9, 2023 | Listed by Mountain Dream Real Estate, LLC | $525,000 | |
| Listed by Mountain Dream Real Estate, LLC | |||
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Impeccable adobe home on 56.88 acres close to town. The house commands vast 360 degree views of the southern San Juan and La Garita mountains and is surrounded by the diverse ranch land of the San Luis Valley. Ten minutes from downtown Del Norte and 15 minutes from South Fork, you feel worlds away from it all, but just minutes away from restaurants, grocery stores, shopping, and an award winning Rio Grande Hospital and Main Street. Second owner/seller has invested in multiple upgrades to make the house energy efficient, and surpass today’s standards. Improvements include an oversized heated 2+ car garage, spacious enough for a tall class B camper van. New energy efficient Rannai water heater with smart thermostat, and new Jotul F 370 wood burning stove, coupled with newly installed propane tank means warm and cozy winters. 2 foot thick exterior walls keep you cool in the summer and warm in the winter. The interior brick walls retain heat for extra comfort, and the solar array means the lowest bills possible and off grid luxury. The private, tested well has delicious water and there is an exempt domestic/stock well permit. New washer, refrigerator, light fixtures, ceiling fans, fences, patio, and storm doors complete the long list of improvements. Walk-in closet and en suite bathroom, the primary bedroom boasts plenty of extra space for yoga mats or dog beds. Soak in the hot tub with awe inspiring views of Bennett Peak and Del Norte Peak. The enclosed patio offers plenty of privacy and is secure for the dogs. Walk out your back door to enjoy the private walking trails and get to know the families of birds that frequent the acreage. Walk down the country dirt roads, one mile to the south of the house to BLM land. From the front porch, enjoy spectacular views of the the Sangre del Christo & La Garita Mountains, with a newly built covered patio, to greet your guests as they arrive in a newly gravel paved circular driveway to enjoy a relaxing and peaceful getaway.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017