689 County Road 4
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 |
|---|---|---|---|
| Aug 13, 2025 | Sold | ||
| Sold | |||
| Jul 8, 2025 | In contract | - | |
| In contract | |||
| Jun 12, 2025 | Listed by Pinon Real Estate Group LLC | $550,000 | |
| Listed by Pinon Real Estate Group LLC | |||
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Charming farmhouse on 2.26 acres in Howard. Recently updated with new plumbing all the way from the well, new kitchen, new flooring, paint and drywall in 2025. New metal roof 2021, septic system replaced in 2016 and a 1620 square foot two-story workshop built in 2007. The home features a welcoming covered porch for morning sun and afternoon shade, leading into an entryway and a main level with two living areas, bright open kitchen, full bathroom and one bedroom. Upstairs are two further bedrooms, one non-conforming with egress but no closet, and a half bath. The two-level workshop is ideal for artists, craftspeople, contractors, toy collectors and potentially conversion to an ADU. A small year-round creek flows through the property providing a lush and shaded spot for shelter from summer heat. The well allows for watering of up to an acre of ground, and there is also a fenced garden area, outdoor pizza and bread oven, and chicken coop. No HOA. Easy year round access, 15 minutes to Salida, 5 minutes to the Arkansas River.
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| Feb 7, 2006 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017