6274 VT Route 14 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 |
|---|---|---|---|
| Jun 21, 2019 | Sold | ||
| Sold | |||
| Apr 13, 2019 | No longer available | - | |
| No longer available | |||
| Apr 10, 2019 | Listed by BHHS Vermont Realty Group/Montpelier | $199,500 | |
| Listed by BHHS Vermont Realty Group/Montpelier | |||
| Jul 4, 2017 | Listed | $297,500 | |
| Listed | |||
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Locally known as "The Gulf House", this property was extensively renovated 12 years ago: Wiring, windows, upgraded kitchen w/ stainless steel appliances & granite countertops. Modern bathrooms. Re-insulated. New whole house generator. Chimney liner. New slate hearth. Seller has initiated $30,000+/- worth of renovations this winter. Overhead steel garage door. Security system. Wide open, spacious rooms w/ exposed hardwood flooring. Master bedrooms has private dressing room. Heated workshop. Mostly hillside wooded land with trails for hiking and/or hunting, and waterfalls (2nd branch of the White River is known for it's trout), is enrolled in the Current Use program which provides property tax relief. Fenced side yard. There are 7 mineral springs on the property although house is now serviced by a high-flow drilled well. Natural wetlands have attracted blue heron and beaver. Long road frontage. Directly across the road from the 400+ acre Ainsworth State Park. Site has very easy access & excellent visibility for your home occupation or commercial venture, if you choose, as there is no local zoning in Williamstown. House has a rich history of diversified uses. In the late 1800's this site was a Tourist Destination. More recently, it was known as the Gulf House Restaurant. The old cash register is onsite and included in the sale. Then, it has a short stint as a Day care Center, and now a residence. What did you have in mind for this versatile property? The manager has listed the unit size as 2560 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017