259 Ridge View Drive #A
About This Property
The manager has listed the unit size as 1364 square feet.
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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 |
|---|---|---|---|
| Nov 15, 2023 | No longer available | - | |
| No longer available | |||
| Nov 9, 2023 | Listed | $380,000 | |
| Listed | |||
| Jul 29, 2021 | No longer available | - | |
| No longer available | |||
| Jul 27, 2021 | Listed | $289,900 | |
| Listed | |||
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Rare Opportunity! This centrally located Ridge View Townhome is just 1 mile off of King Street and is less than 5 minutes from Appalachian State University. This end unit features 2 bedrooms and 2 1/2 bathroom along with a 1 car garage, a kitchen complete with dishwasher, fridge, oven and pantry, a side-by-side washer and dryer, and a gas fireplace in the living room surrounded by built in bookcase. It also features porch space off the front of the unit with mountain views and additional porch space out back with direct access to the communal lawn. Freshly painted as well and new carpet in bedrooms. Act quick as these units do not last long!! The manager has listed the unit size as 1232 square feet.
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| Jun 17, 2019 | No longer available | - | |
| No longer available | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/09/2023
|
2 Bed
|
2.5 Bath
|
1364 ft²
|
$380,000
2 Bed
2.5 Bath
1364 ft²
|
-
-
|
Brandon Walker
Keller Williams High Country
| |
|
03/09/2022
|
2 Bed
|
3 Bath
|
1232 ft²
|
$285,000
2 Bed
3 Bath
1232 ft²
|
-
-
|
Brandon Freyer
Keller Williams - Lake Norman - Cornelius
| |
|
07/27/2021
|
2 Bed
|
3 Bath
|
1232 ft²
|
$289,900
2 Bed
3 Bath
1232 ft²
|
-
-
|
Brandon Freyer
Keller Williams - Lake Norman - Cornelius
| |
|
05/21/2019
|
2 Bed
|
3 Bath
|
1232 ft²
|
$199,900
2 Bed
3 Bath
1232 ft²
|
-
-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017