1220 Walnut Ridge
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 |
|---|---|---|---|
| Jul 17, 2026 | Price Decreased |
$634,900
↓ $15K
(2.3%) | |
| Price Decreased | |||
| Jun 26, 2026 | Listed by RE/MAX Town & Country | $649,900 | |
| Listed by RE/MAX Town & Country | |||
| Mar 15, 2026 | Price Decreased |
$650,000
↓ $25K
(3.7%) | |
| Price Decreased | |||
| Jan 28, 2026 | Price Decreased |
$675,000
↓ $20K
(2.9%) | |
| Price Decreased | |||
| Dec 11, 2025 | Listed by RE/MAX Town & Country | $695,000 | |
| Listed by RE/MAX Town & Country | |||
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This beautifully renovated mountain retreat blends modern comfort with serene ridge-top living. Step inside to find professional-grade appliances; including an induction cooktop, making meal preparation effortless and enjoyable. Recent upgrades provide peace of mind for years to come: a new roof, new retaining wall, and a new dual-zoned HVAC system for personalized comfort. Warm wood flooring flows across the main and upper levels, complementing the home's fresh, inviting atmosphere. The spacious walk-out basement is ideal for entertaining, complete with an additional room perfect for a home office or extra bedroom. Thoughtful storage on every level ensures organized living throughout the home. Outdoor living shines on the wraparound deck, offering mountain views and space for relaxed dining or gatherings. The large flat circular driveway makes access and parking easy. Located in a vibrant community with public water, this property includes water and trash removal in the HOA dues. Residents enjoy hiking trails, four small lakes, an Olympic-sized swimming pool, clubhouse, and tennis/pickleball courts, creating a resort-style experience right at home. With the high end finishes and a setting designed for both comfort and recreation, this home delivers mountain living at its best.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017