307 Lantern Ridge Lane
About This Property
The kitchen is designed for both everyday living and entertaining, featuring a Wolf 6-burner gas range with griddle and vent hood, pot filler, farm-style sink, granite countertops, tile backsplash, and a spacious center island with a veggie sink. Recent upgrades include a new refrigerator and wine fridge in 2023. An eat-in breakfast area and built-in desk add even more versatility. A main-floor guest suite with a private full bath and walk-in tiled shower provides ideal flexibility for visitors or multi-generational living. Upstairs, the primary suite is a true retreat with a vaulted ceiling, built-in bookshelves, and his-and-her custom closets. The spa-inspired bath offers a freestanding tub, walk-in shower, double vanities, water closet, and tile flooring. Additional upstairs living includes a bedroom with en suite bath, a bonus room with hardwood floors, and two more bedrooms connected by a Jack-and-Jill bath. A convenient upstairs laundry area includes a sink and storage. Note: A main-floor mudroom offers the potential to be converted into a laundry room for added convenience. The finished third floor is a fantastic flex space-complete with a kitchenette (mini dishwasher and refrigerator), half bath, wood ceiling, hardwood floors, and generous walk-in storage-perfect for a media room, teen suite, home office, or guest retreat. Outdoor living is just as impressive, with a screened porch featuring skylights, an open deck area, and a fully fenced backyard enhanced with low-maintenance astroturf, a putting green, and a hot tub. Additional highlights include a new roof (2023), tankless water heater (2023), and a side-entry 3-car garage with epoxy flooring plus two electric car-charging ports. With its flexible floor plan, great outdoor spaces, and prime Cary location, this home manages to be both impressive and incredibly livable.
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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.
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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 |
|---|---|---|---|
| Mar 11, 2026 | Sold | ||
| Sold | |||
| Feb 17, 2026 | In contract | - | |
| In contract | |||
| Feb 12, 2026 | Listed by Hodge & Kittrell Sotheby's Int | $1,450,000 | |
| Listed by Hodge & Kittrell Sotheby's Int | |||
| Nov 28, 2022 | Sold | ||
| Sold | |||
| Aug 5, 2022 | Listed by Hodge & Kittrell Sotheby's Int | $1,299,900 | |
| Listed by Hodge & Kittrell Sotheby's Int | |||
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About Southbridge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017