24516 Ridgewood Drive
About This Property
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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%.
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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 |
|---|---|---|---|
| Apr 11, 2025 | Sold | ||
| Sold | |||
| Feb 18, 2025 | Listed by Berkshire Hathaway HomeServices California Properties | $715,000 | |
| Listed by Berkshire Hathaway HomeServices California Properties | |||
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Welcome to this stunning, move-in ready pool and spa home that offers the perfect blend of comfort, style, and functionality. With four spacious bedrooms and three bathrooms, this beautiful home boasts 2,007 square feet of meticulously maintained living space. One of the bedrooms and a full bath are conveniently located downstairs, making this an ideal layout for guests or multigenerational living.
As you enter the home, you are greeted by a bright and airy living room featuring a high vaulted ceiling, plantation shutters, and gorgeous wood flooring. The view of the lushly landscaped backyard, complete with a sparkling pool and spa, creates the perfect backdrop for relaxation or entertaining.
The chef’s kitchen is truly a highlight, featuring tile flooring, stainless steel appliances (refrigerator included), granite countertops, and a breakfast bar – perfect for preparing meals or enjoying a quick snack. The spacious family room, also with wood flooring, includes a cozy fireplace and sliding glass doors that open to the backyard, bringing the outdoors in.
Upstairs, you’ll find the luxurious primary bedroom with an en-suite bath, offering the perfect retreat at the end of the day. Two additional well-sized bedrooms and another full bath complete the upper level.
The backyard is a true entertainer's dream, with a sparkling pool and spa, five different varieties of fruit trees lining one side of the yard, and still ample space to plant a garden or create your personal oasis. Enjoy your own slice of paradise right at home!
This home also comes with several noteworthy upgrades, including a new A/C and heater, a leased solar system for energy efficiency, new luxury vinyl wood flooring upstairs (including the staircase), new dual-pane windows upstairs, a new garage door, and new wood fencing on two sides of the backyard. For added security, the home is equipped with an alarm system and cameras in both the front and backyard.
Completing this exceptional property is a 3-car garage, providing plenty of space for vehicles and storage.
Conveniently located near schools, shopping, and freeways, this home offers easy access to everything you need. And, of course, let's not forget – you’re just a short drive away from the world-renowned Wine Country!
Don't miss the opportunity to make this meticulously cared-for home yours. Schedule your private showing today!
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| Sep 29, 2017 | Sold | ||
| Sold | |||
| Aug 17, 2017 | Listed by Exit Alliance Realty | $410,000 | |
| Listed by Exit Alliance Realty | |||
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About Murrieta Oaks
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017