39
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85 Kelder Road
About This Property
Set on 6.5 picturesque, quiet acres with the Shawangunk Ridge rising to the east, this beautifully renovated 18th century farmhouse feels like the place you've been looking for. Wide board floors, post and beam construction. The chef's kitchen includes a center island for prep and conversation, a dining table ready for long Sunday breakfasts, game night, or entertaining guests. The heart of the home is the great room, where picture windows flood the space with light and a woodstove waits for the first cold snap. On the third floor, a light-filled loft becomes whatever you need: a yoga studio, a home gym, or the writing retreat you've always wanted. With amazing views that make it hard to leave.
The updates are already done for you: a new roof in 2018 with 50-year shingles, a new septic system in 2015, and mini-splits that handle heating and cooling year-round.
Living in Olivebridge means having the best of the Hudson Valley right outside your door. Everyday errands are easy and satisfying: grab a breakfast sandwich at Tetta's Deli, pick up vegetables from a local farm stand, or find handmade pierogies and wood-fired sourdough from nearby bakeries. The area is full of small, locally owned businesses that make daily life simple and good.
Outdoor life is just as close at hand. Rail trails, swimming holes, orchards, and parks are minutes away, and the Ashokan Reservoir and Catskill Mountains offer endless room to roam. You'll find libraries, yoga studios, community events, and recreational facilities nearby too. Music lovers can catch everything from intimate local shows to world-class performances at Maverick Concerts and Bethel Woods.
What really sets Olivebridge apart is its arts scene. A short drive brings you to live theater, independent film, chamber music, jazz, festivals, bookstores, and workshops throughout Stone Ridge, Rosendale, Woodstock, and Bard College. It's a place where rural quiet and creative energy live side by side. It feels peaceful, but never disconnected.
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Cap Rate Calculator
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 28, 2026 | Sold | ||
| Sold | |||
| Sep 4, 2026 | In contract | - | |
| In contract | |||
| Jul 14, 2026 | Price Decreased |
$799,900
↓ $50K
(5.9%) | |
| Price Decreased | |||
| Jun 15, 2026 | Price Decreased |
$850,000
↓ $79K
(8.5%) | |
| Price Decreased | |||
| May 27, 2026 | Listed by Hudson Dwellings Realty | $929,000 | |
| Listed by Hudson Dwellings Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017