608 Route 7
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.
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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 6, 2025 | Sold | ||
| Sold | |||
| Jan 16, 2025 | In contract | - | |
| In contract | |||
| Jan 8, 2025 | Listed by TPW Real Estate | $499,000 | |
| Listed by TPW Real Estate | |||
| Jun 17, 2022 | Sold | ||
| Sold | |||
| Apr 9, 2022 | Listed by Josiah Allen Real Estate, Manchester Branch Office | $469,000 | |
| Listed by Josiah Allen Real Estate, Manchester Branch Office | |||
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Otter Creek runs through it… beautifully and privately with 2,449’ on the usually smooth-flowing Otter Creek where ‘Trophy Trout’ fly fishing is abundant. The creek supports brown and rainbow trout, frogs, American toads, songbirds, ducks, deer, black bear all enjoy this beautiful habitat. The property is contiguous with the Otter Creek Wildlife Management Area (WMA), a 1,139-acre tract that is owned by the State of Vermont and managed by the Vermont Fish & Wildlife Department. There are cleared meadows with wire fencing set up previously for livestock on most of the 36.10 level acres. Enjoy hiking, kayaking and wildlife viewing on this nature’s paradise. The 2800+sf multi-level home enjoys spectacular views of the Green Mountain range from the open concept kitchen, dining and living room, expansive deck and plenty of natural light. The main floor has beautiful hardwood flooring and includes a bonus room currently used as a 3rd bedroom. There are 3 full baths-one on each level, 2 large primary bedrooms- each with 2 closets. On the first level is a 560sf 1BDRM/1BA apartment, laundry rm, utilities, storage & garage space. Income producing property. New roof 2021, V-Tel internet, conveniently located 15 minutes to Manchester or Rutland restaurants, hospitals, and shopping. 25 minutes to Bromley Mountain, 45 to Stratton Mountain skiing. 1½ hrs to Albany Int’l Airport and 13 miles to Rutland Regional Airport. All measurements are approximate.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017