714 COURTHOUSE ROAD
About This Property
Situated on an expansive corner lot with road frontage on both Courthouse Road and Kelsey Road, the property provides the unique opportunity for driveway access from either side, offering added flexibility for future development or site planning. A single-family home currently exists on the property and is believed to be a teardown. The property previously had utilities; however, no information or representations are available regarding their current status. Sold strictly AS-IS. Buyers are encouraged to perform their own due diligence regarding zoning, utilities, and any future development potential. Don't miss this rare opportunity in a rapidly developing location with outstanding visibility and accessibility.
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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 27, 2026 | Price Decreased |
$425,000
↓ $25K
(5.6%) | |
| Price Decreased | |||
| Jul 24, 2026 | Listed by Keller Williams Realty | $450,000 | |
| Listed by Keller Williams Realty | |||
| Oct 23, 2025 | Sold | ||
| Sold | |||
| Jul 23, 2025 | In contract | - | |
| In contract | |||
| May 19, 2025 | Listed by Spring Hill Real Estate, LLC. | $399,900 | |
| Listed by Spring Hill Real Estate, LLC. | |||
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LOCATION, LOCATION, LOCATION...! older 3 bed, 2 bath home that either needs to be removed or possibly completely rehabilitated and restored. This is a 1.69 acre premium corner lot at the corner of Courthouse Road and Kelsey Road. There is an overgrown driveway on Courthouse or potentially an alternate on Kelsey. DO NOT ENTER THE STRUCTURE.
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About Stafford
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017