896 Shannon Trl
About This Property
What truly sets this lot apart is the grove of pinon pine trees, a feature not commonly found in the area where many parcels are more open and bare. This natural tree coverage adds privacy, character, and a more established feel, while still leaving plenty of space for building.
The property offers multiple potential building sites, with the possibility of capturing views of the Sangre de Cristo Mountains depending on your home placement. The combination of trees, usable terrain, and views makes this a versatile property whether you're planning a full-time home, cabin, or weekend retreat.
Located within a short drive of the Arkansas River, you'll have access to world-class fishing, rafting, and outdoor recreation, along with nearby public lands for hiking and exploring. All of this while enjoying the quiet and slower pace of Fremont County living.
If you've been searching for acreage in this area but want something with more character than the typical vacant lot, this property stands out in all the right ways.
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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 |
|---|---|---|---|
| Oct 6, 2026 | Price Decreased |
$31,900
↓ $1K
(3%) | |
| Price Decreased | |||
| Aug 27, 2026 | Price Decreased |
$32,900
↓ $1K
(3%) | |
| Price Decreased | |||
| Jul 20, 2026 | Price Decreased |
$33,900
↓ $1K
(2.9%) | |
| Price Decreased | |||
| Jun 17, 2026 | Listed | $34,900 | |
| Listed | |||
| Nov 29, 2017 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017