1043 Elm Ridge Drive
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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.
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 26, 2022 | No longer available | - | |
| No longer available | |||
| May 25, 2022 | In contract | - | |
| In contract | |||
| May 5, 2022 | Relisted | $3,499,900 | |
| Relisted | |||
| Mar 12, 2022 | In contract | - | |
| In contract | |||
| Mar 9, 2022 | Listed by Jameson Sotheby's Intl Realty | $3,499,900 | |
| Listed by Jameson Sotheby's Intl Realty | |||
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A new construction, 6 bed 6 1/2 bath home with pool and pool house, 1043 Elm Ridge Drive truly transcends trends. Professional landscaping that channels the region's native flora adds to the exterior charm, too, while a heated driveway dispels ice and snow concerns. Inside, seamless living space lends itself to family time and sizable gatherings, fresh oak floors, and custom millwork add dimension. The family room flaunts custom lighting, a limestone fireplace. All this and also a true indoor/outdoor living feel. The home's striking chef's kitchen-appointed with a state-of-the-art appliances package large island, custom-designed cabinetry, and walk-in pantry ensures surplus in storage. Nearby, the adjacent mudroom, outfitted with custom cabinets, washer and dryer for ease at the pool and a dog shower, is accessible via the home's three-car, attached garage. The first floor is also home to a sophisticated WFH office for taking care of business undisturbed or utilizing it as a first-floor bedroom. The primary suite features a vaulted ceiling, a custom closet lined in linen, an electric fireplace, a beverage station, a private glass office/den, a spa-like bath with porcelain walls, quartzite-topped vanity, a standalone soaking tub, and an epic steam shower. Sub-level, nine-foot-high ceilings, heated porcelain floors, a gym complete with shower and sauna, a home theater, and an ensuite bedroom reside, in addition to a chic changing area that connects to the home's private backyard with a heated pool and epic pool house. Positioned within New Trier's premier school district and within a short distance to Glencoe's vibrant downtown, not to mention a stone's throw from Lake Michigan and lush parks, 1043 Elm Ridge Drive is luxury living made easy. Build by renowned developer and designed by Lisek Interiors. The manager has listed the unit size as 8000 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017