11740 Ripple Road
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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.
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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 |
|---|---|---|---|
| Aug 23, 2024 | Sold | ||
| Sold | |||
| Apr 10, 2024 | Listed by Coldwell Banker Realty | $565,000 | |
| Listed by Coldwell Banker Realty | |||
| | |||
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Welcome to your dream home in the prestigious Indian Springs Hampton Fairways community! Nestled within the serene ambiance of a 55 and over community, this charming two-bedroom (plus bonus room), two-bathroom, two car garage home offers the epitome of luxury living with long lake views overlooking the 11th hole of the west course.
This meticulously maintained home is in pristine condition and features marble flooring throughout, soaring ceilings and many upgrades. The spacious light filled living and dining area boasts panoramic views of the lush greenery of the golf course and the tranquil lake beyond. Large sliding doors lead to a screened in patio providing outdoor living space that overlooks the stunning and peaceful views this home has to offer. The open floor plan seamlessly connects the living room, dining area, and kitchen, creating an inviting layout for both relaxation and entertainment.
The gourmet kitchen features white cabinetry, granite countertops, a large center island, stainless steel appliances and an eat in breakfast nook. Off the kitchen you will find a third bedroom that was opened up to enlarge the kitchen area creating an inviting and versatile space that can be used as an office, den area, hobby space, sitting room or anything that fits your needs (can be converted back to a bedroom). The second bedroom and bathroom are separate from the main living area and primary bedroom offering a private space for your guests to retreat.
The luxurious primary suite features a generously sized bedroom, dual closets and sliding doors leading out to the private screened in patio. The spa like en-suite bathroom has been recently refreshed with a new double vanity, separate tub and walk in rain shower.
With convenient features such as an inside laundry room, new kitchen refrigerator, reverse osmosis water system in the kitchen, dual A/C zones, Bose surround sound speakers and more this home is ready for you to move in and enjoy.
With its prime location on the golf course and proximity to shopping, dining, and recreational activities, this is truly a rare opportunity to enjoy resort-style living in the heart of Indian Springs. Indian Springs is a NO-EQUITY club with many membership options. You can play golf right away with access to 36 holes, tennis, clubhouse and social memberships are optional. The Hampton Fairway subdivision is a guard gated community with its own clubhouse and pool for residents to enjoy.
Lawn and landscape maintenance, irrigation systems, yearly cleaning of driveways/walkways, bi-annual roof cleaning, and scheduled community exterior home painting are including in Hampton Fairways yearly maintenance. Gate/Roving Security, cable TV service and trash removal are provided by Indian Spring Master Association.
Don't miss out on the chance to make this your forever home - schedule a showing today and experience true country club living!
Full list of features, upgrades and inclusions attached to the MLS.
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| May 9, 2023 | Sold | ||
| Sold | |||
| Nov 23, 2022 | Listed by KW Innovations | $595,000 | |
| Listed by KW Innovations | |||
| Apr 30, 2015 | Sold | ||
| Sold | |||
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About Indian Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017