84 Mountain 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%.
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 |
|---|---|---|---|
| Jun 12, 2026 | Price Decreased |
$549,000
↓ $221K
(28.7%) | |
| Price Decreased | |||
| Jun 6, 2025 | Sold | ||
| Sold | |||
| Apr 29, 2025 | In contract | - | |
| In contract | |||
| Mar 31, 2025 | Listed by Keller Williams Realty Group | $775,000 | |
| Listed by Keller Williams Realty Group | |||
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Welcome to 84 Mountain Road, a beautifully renovated 3-bedroom, 2-bathroom home nestled in the sought-after Rainbow Lake community. Thoughtfully updated while preserving its charm, this stylish retreat offers stunning water views, modern amenities, and cozy living spaces designed for comfort and convenience. Step inside to find a bright and airy first floor featuring an updated kitchen, a charming dining nook overlooking the lake, and a warm living room centered around a striking stone fireplace. Sliding doors lead to a wraparound deck, perfect for outdoor entertaining or simply soaking in the tranquil surroundings. The main level also includes a bedroom, full bathroom and a dedicated home office. Upstairs, you'll find two more bedrooms, including the primary suite with an en-suite bath, offering a peaceful escape with serene views. The finished walk-out basement is staged as a home office and includes a utility room and laundry area. Outside, the property features a flat, fenced-in front lawn, a driveway with parking for four cars, and a backyard shed with electricity-ideal for a workshop or additional storage. Enjoy lake life with easy access to Rainbow Lake's recreational activities while being just minutes from downtown Ridgefield's vibrant shops, dining, and top-rated schools. Lake access permits swimming, fishing and kayaking through two beach areas. Property is surrounded by hundreds of acres of Hemlock Hills and Bennetts Pond State Park and their hiking trails.Don'
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| Oct 31, 2024 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017