229 Arbor Ridge Drive
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 |
|---|---|---|---|
| Dec 29, 2022 | Sold | ||
| Sold | |||
| Nov 11, 2022 | No longer available | - | |
| No longer available | |||
| Nov 10, 2022 | Listed by Baird & Warner | $299,900 | |
| Listed by Baird & Warner | |||
| Oct 26, 2022 | Price Decreased |
$309,900
↓ $10K
(3.1%) | |
| Price Decreased | |||
| Oct 19, 2022 | Listed by Baird & Warner | $319,900 | |
| Listed by Baird & Warner | |||
| | |||
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SIMPLY IRRESISTIBLE RANCH IN ARBOR RIDGE SUBDIVISION ~ 2000 SF ~ OPEN FLOOR PLAN ~ LARGE GREAT ROOM WITH 2 PATIO DOORS OVERLOOKING TREELINED BACKYARD ~ CUSTOM KITCHEN WITH AN ABUNDANCE OF QUALITY OAK CABINETRY & INCLUDES ALL APPLIANCES TOO ~ MASTER BEDROOM WITH PRIVATE BATH WITH WALK OR ROLL IN SHOWER, DUAL VANITY & WALK-IN CLOSET ~ 2 ADDITIONAL BEDROOMS, THE BEDROOM OFF THE FOYER FUNCTIONS AS AN OFFICE WITH DOUBLE DOORS, LARGE ARCHED WINDOW, BUT HAS NO CLOSET ~ LARGE 1ST FLOOR LAUNDRY & MUD ROOM WITH STAIR LIFT TO HUGE UNFINISHED BASEMENT WITH PARTIAL CRAWL ~ TONS OF CURB APPEAL WITH HIGH ROOF LINE, MAINTENANCE FREE VINYL EXTERIOR WITH STONE ACCENTS, 2.5 CAR GARAGE ~ BACKYARD PATIO ~ BEAUTIFUL PERENNIALS & MATURE TREES BACKING TO OPEN SPACE ~ GREAT NEIGHBORHOOD CLOSE TO EVERYTHING ~ WEST AURORA SCHOOL DISTRICT ~ THE HOME IS IN AN ESTATE SO OWNERS ARE SELLING AS IS ~ MAKE YOUR MOVE TO 229 ARBOR RIDGE DRIVE TODAY! The manager has listed the unit size as 2002 square feet.
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About Montgomery
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017