8324 E Summit Rd
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%.
How much can I actually make?
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 |
|---|---|---|---|
| Sep 4, 2025 | Sold | ||
| Sold | |||
| Aug 7, 2025 | In contract | - | |
| In contract | |||
| Jul 19, 2025 | Listed by Coldwell Banker Realty 24 | $993,000 | |
| Listed by Coldwell Banker Realty 24 | |||
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Experience the serenity of mountain living in coveted Ponderosa Hills! Escape to peace and privacy in this beautifully updated home nestled among majestic pine trees and gently rolling grassy fields. Located high in the hills above Parker, this stunning property feels like a private mountain retreat-yet it's just minutes from downtown Parker and the Southlands of Aurora. Set on a sprawling 2.51-acre corner lot, this ER-zoned property is perfect for horse lovers and nature enthusiasts alike. Frequent visitors include deer, foxes, and a variety of birds, adding to the tranquil, natural ambiance. Inside, you'll find a bright and inviting home filled with natural light. Open the 8-foot accordion doors and new vinyl windows to let in the fresh scent of the pines and enjoy the seamless connection between indoor and outdoor living. The open-concept floor plan effortlessly blends the kitchen, dining, and living areas-ideal for entertaining or quiet evenings at home. The cozy living room features a wood-burning fireplace and custom built-ins, while stylish upgrades throughout include luxury vinyl plank flooring, newer carpet and paint, modern light fixtures, and gleaming white Corian kitchen countertops. Both the primary and lower-level bathrooms have been tastefully remodeled, with unique touches like a hand-crafted floating wood vanity, modern sink and custom wall art that give the home its one-of-a-kind charm. A nearly 900 sq ft multi-purpose barn adds incredible value and versatility, featuring large service doors, a loft, a hoist, and multiple entry points-ready for your horses, RV, workshop, storage, or hobby space. Take in breathtaking views from nearly every window. Follow the private trail to a secluded bench overlooking a framed view of Pikes Peak-an unforgettable place to relax and recharge. Lovingly maintained and move-in ready, this rare gem in Ponderosa Hills offers the best of Colorado living. https://media.cineflyfilms.com/8324-E-Summit-Rd
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| Oct 19, 2010 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017