620 ROUTE 343
About This Property
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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 |
|---|---|---|---|
| Jul 18, 2025 | Sold | ||
| Sold | |||
| Jun 10, 2025 | In contract | - | |
| In contract | |||
| May 22, 2025 | Listed by Corcoran Country Living | $695,000 | |
| Listed by Corcoran Country Living | |||
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Introducing the Millbrook Farmhouse. This beautifully updated cedar shake farmhouse blends idyllic charm with modern upgrades on a landscaped one-acre parcel just minutes from the Village of Millbrook. Fully gut-renovated in 2015, every detail of the property was thoughtfully rebuilt, from the house and garage to the expansive landscaping. Extensive yard work—including tree removal and clearing of overgrowth—has opened up the land, creating a sun-filled space surrounded by vibrant greenery and enhancing its natural appeal. The 1,500 sqft home features all-new insulation, walls, windows, flooring, mechanicals, and freshly painted cedar siding, making it feel fresh and move-in ready. Inside, the open-concept living and dining area is anchored by a cozy wood-burning fireplace and flows seamlessly into a bright, functional kitchen. Stone countertops wrap around the kitchen, offering ample prep and cooking space, while windows frame picturesque views of the manicured grounds, bringing the outdoors in. Upstairs, two spacious bedrooms share a well-appointed full bath, with an additional powder room on the main floor. Central air, propane-fueled forced air heat, and a backup generator ensure year round comfort. The outdoor space features a stone patio and fire pit, ideal for relaxing or entertaining, as well as a detached garage with space for a workshop. Located on a country road surrounded by farmland, the property offers scenic views of Black Angus cattle grazing across the street. It is bordered by conserved land and nestled among prominent neighboring estates, providing a tranquil and established setting. Just 5 minutes from the Village of Millbrook and Dover Plains Metro-North station, and 10 minutes from the Taconic State Parkway, this turnkey home offers the perfect combination of charm, comfort, and convenience in the heart of the Hudson Valley.
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| Oct 16, 2014 | Sold | ||
| Sold | |||
| Jun 6, 2014 | Listed by PAULA REDMOND REAL ESTATE, INC ML | $275,000 | |
| Listed by PAULA REDMOND REAL ESTATE, INC ML | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017