12502 RIDGEGATE DRIVE
About This Property
Welcome to 12502 Ridgegate Drive, a stunning former model home in the highly sought-after Herndon Chase community! This meticulously maintained residence boasts major updates including a new roof (2023), plantation shutters, and dual-zone HVAC - with the downstairs system replaced in 2014 and upstairs in 2019. The water heater was replaced in 2021, and a beautiful new patio was added off the kitchen in 2020.
The gourmet kitchen features stainless steel KitchenAid appliances, NEW built-in microwave, gas cooking, and a bonus chef's kitchen with gas stove, additional cabinetry and sink - perfect for those who love both gas and electric options.
Upstairs, you'll find two luxurious primary suites.
The main primary suite offers a BRAND NEW spa-like bathroom with a tiled shower and frameless glass door, a standalone soaking tub, and dual vanities. The huge walk-in closet features its own center island and custom shelving for optimal organization. Enjoy a private sitting area just off the bedroom.
The second primary suite also boasts a NEW bathroom with a tiled tub/shower combo, dual vanity, and flooring.
The third and fourth bedrooms share a Jack-and-Jill bathroom, perfect for family or guests. The fully finished walk-up basement includes a bedroom, full bathroom, and a large laundry room with abundant storage.
Other highlights include:
Gutters (7 years old)
3-car garage (one bay finished), with newer garage doors (3 years old) featuring silent tracks
Built-in storage shelves in the garage
Private backyard oasis with peach, apple, pear, fig, cherry, and nut trees, plus a raspberry bush
This home truly has it all - modern upgrades, thoughtful extras, and a prime location. Move right in and enjoy luxury living!
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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 |
|---|---|---|---|
| Jun 20, 2025 | Sold | ||
| Sold | |||
| May 24, 2025 | In contract | - | |
| In contract | |||
| May 16, 2025 | Price Decreased |
$1,195,000
↓ $55K
(4.4%) | |
| Price Decreased | |||
| May 2, 2025 | Listed by Long & Foster Real Estate, Inc. | $1,250,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
| Mar 27, 2014 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017