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2507 Lake Ridge Road
About This Property
Enjoy peaceful pond views from your backyard, with the property extending to the center of the pond. The backyard is designed for entertaining, featuring a sparkling in-ground pool, an expansive patio naturally shaded by mature hardwood trees, and plenty of room to relax or play.
Inside, you'll find 4 spacious bedrooms, 2 beautifully updated bathrooms, a bright sunroom overlooking the backyard, and an updated kitchen with stainless steel appliances, painted cabinetry, modern fixtures, and abundant storage.
The spacious primary suite includes hardwood flooring, a tray ceiling, and a remodeled spa-like bathroom with a frameless glass shower, soaking tub, quartz countertops, and dual vanities.
Additional highlights include:
Nearly 0.95-acre lot
Waterfront property
Heated and air-conditioned attached garage with backyard access
Detached workshop
Circular driveway with abundant parking
2023 Trane HVAC system
Mitsubishi mini-split system
Mature trees providing exceptional shade and privacy
Plantation shutters
Hardwood flooring
Updated lighting and neutral paint throughout
This property offers the perfect balance of everyday comfort and outdoor living. Whether you're relaxing by the pool, enjoying the peaceful pond views, working in the detached workshop, or entertaining family and friends, this home offers a lifestyle that is difficult to find.
Properties offering this unique combination of land, waterfront, workshop, pool, and beautifully updated living spaces are rarely available.
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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 23, 2026 | Sold | ||
| Sold | |||
| Jul 10, 2026 | In contract | - | |
| In contract | |||
| Jun 24, 2026 | Price Decreased |
$500,000
↓ $25K
(4.8%) | |
| Price Decreased | |||
| Apr 15, 2026 | Listed by Keller Williams Realty DPR | $525,000 | |
| Listed by Keller Williams Realty DPR | |||
| Aug 3, 2021 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017