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The Hideout 18436
243 Ridgewood Circle
$241,000
● House - Off Market

243 Ridgewood Circle

Lake Ariel, PA 18436
bedrooms
2 Beds
bathrooms
1 Bath
square feet
825 Ft²
$1,433
Est. Monthly
5.01%
Cap Rate

About This Property

Adorable cabin The Hideout!  Looking for a retreat this summer?  Here it is!  This A-Frame style cabin features an open floor plan, 1 car garage, large lot, and lots of construction upgrades.  Most furnishings will stay so this is truly move in ready!  Also available for long term rental.  Newly Installed in 2022: Full Roof, Daikin Aurora Mini Split System w/Heat Pump (For Sub-Zero Temps), Spray Foam Insulation (Including Garage), Hickory Hardwood Floors, Tankless Electric Water Heater, Chimney System w/Majestic Stove, Cabinetry, Smeg Refrigerator, Lighting, Butcher Block Countertops and Range Hood.
Unit Size
825 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$303
Property Type
House
Property Taxes
$205
HOA Dues
-
Year Built
1974

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 2 years ago (GSBR #GSBSC2096)

Price History

Date / Event Date Event Price
Jul 3, 2024 Sold
Premium
Sold
May 28, 2024 In contract -
In contract
Apr 20, 2024 Listed by CLASSIC PROPERTIES $250,000
Listed by CLASSIC PROPERTIES
Mar 29, 2023 Sold
Premium
Sold
Mar 25, 2023 No longer available -
No longer available
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 2
  • Exterior Walls Type: 18
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 280
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,433
  • Total Building Area: 825
  • Building Area: 825
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 2
  • Heated Square Feet: 825
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE HIDEOUT
  • Land Acres: 0000000515
  • Standard Land Use Code: 1001
  • County Land Use Code: 110
  • Legal Description 1: LOT 243 SECTION 3

Neighborhood

  • School District Name: Western Wayne School District
  • School Tax School District: W WAYNE SD
  • Census Tract: 961002

Geography

  • Assessors Map Reference: P-0005/0095
  • Account Number: 038346
  • Section: 3
  • Parcel: 22-0-0017-0013
  • Lot: 243
  • Municipality: SALEM
  • Latitude: 41.413
  • Longitude: -75.3572

    Address

  • Full Address: 243 Ridgewood Cir
  • Address - House Number: 243
  • Address - Street Name: Ridgewood
  • Address - Suffix Type: Cir
  • State: PA
  • City Name: Lake Ariel
  • Zip Code: 18436

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $234,074

    Appraisal Valuation

  • Standard Deviation: 0.1933
  • Valuation Date: Aug 23, 2023
  • Confidence Score: 61
  • Final Value: 102,415
  • High Value: 122,222
  • Low Value: 82,607

    Market Valuation

  • Market Total Value: $107,900
  • Market Land Value: $34,100
  • Market Improvement Value: $73,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $107,900
  • Assessed Land Value: $34,100
  • Assessed Improvements Value: $73,800

    Sales

  • Current Sale Contract Date: Mar 11, 2023
  • Current Sale Recording Date: Mar 29, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 1725
  • Previous Sale Recording Date: Nov 02, 2021
  • Previous Sale Contract Date: Oct 12, 2021
  • Previous Sale Amount: $128,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About The Hideout

Stats & Trends

Median Asking:

$305,000

Sale Price/ft²

$175

Below Asking

0.05%

Average Days on Market

104

Average Home Size

2220 ft²

Average Home Age

28.9 years

Currently For Sale

8 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 788 Hamlin Highway, LAKE ARIEL, PA, 18436

$2,500 /mo

  • 4 Beds
  • 2 Baths
  • 1,800 ft²
788 Hamlin Highway, LAKE ARIEL, PA, 18436 Listing by Mary Ann O'Keeffe

Rentals Near You

Click here to view more rentals in the neighborhood.
GSBR

Listed by: Sara J. Levy
CLASSIC PROPERTIES
Last Updated: 2 years ago
Data Source: GSBR , MLS#
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 243 Ridgewood Circle built and last sold?
The property at 243 Ridgewood Circle was built in 1974 and last sold on Mar 11, 2023 for $238,000.
How much is this home worth?
The estimated value of the home located at 243 Ridgewood Circle is $0.
What are some comparable homes to 243 Ridgewood Circle?
There are currently no comparable homes to 243 Ridgewood Circle.
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