1536 E EDGEWATER Drive
About This Property
awaits in the highly desirable community in The Lakes Tempe.
This home offers a spacious floor plan and endless potential to
make it your own. It features 3 bedrooms, 2 bathrooms, functional
floor plan, large covered patio with plenty of space for outdoor
entertaining, a private pool, putting green, and an excellent
location within the community, and offers an excellent opportunity
for updates and customization. Residents of The Lakes enjoy
outstanding amenities, including a community clubhouse, fitness
center, tennis courts, pickleball courts and scenic lakes and
recreational areas. Whether you're looking for a primary
residence, investment property, or a home to renovate to your
taste, this property offers exceptional Location, Location, Location. This one has it! Opportunity
awaits in the highly desirable community in The Lakes Tempe.
This home offers a spacious floor plan and endless potential to
make it your own. It features 3 bedrooms, 2 bathrooms, functional
floor plan, large covered patio with plenty of space for outdoor
entertaining, a private pool, putting green, and an excellent
location within the community, and offers an excellent opportunity
for updates and customization. Residents of The Lakes enjoy
outstanding amenities, including a community clubhouse, fitness
center, tennis courts, pickleball courts and scenic lakes and
recreational areas. Whether you're looking for a primary
residence, investment property, or a home to renovate to your
taste, this property offers exceptional value and potential in one of
Tempe's most sought-after neighborhoods.
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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 2, 2026 | Price Decreased |
$625,000
↓ $20K
(3.1%) | |
| Price Decreased | |||
| Jun 20, 2026 | Listed by Compass | $645,000 | |
| Listed by Compass | |||
| Sep 20, 2017 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed by Compass | $329,900 | |
| Listed by Compass | |||
Property Highlights
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About Tempe
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017