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3303 Springer Lane
About This Property
First time offered and located ''up on the hill,'' this bright and inviting 1,600 sq. ft. home features cathedral ceilings, newer Pergo flooring throughout the main living areas, new wall-to-wall carpeting in the bedrooms, and a desirable split-bedroom layout. The open living room and dining room combination is perfect for entertaining, while the bonus sunroom/den offers flexible space for a home office, reading room, hobby room, or quiet place to relax. The eat-in kitchen shines with a brand-new Samsung stainless steel appliance package, including a French door refrigerator, 5-burner stove, microwave, and dishwasher, plus 42-inch upper cabinets, recessed lighting, a light tube for natural light, pantry, and ceiling fan. The private primary suite features cathedral ceilings, a walk-in closet plus an additional double closet, and an ensuite bath with a double-stall shower. The guest bedroom is located on the opposite side of the home and features a charming bay window. The guest bath includes a tub. Major updates include a new furnace (2025) and A/C unit with Hi/Lo HVAC vents designed to help improve air circulation and year-round comfort, plus a newer roof and hot water heater, approximately 5 years old. Additional highlights include a laundry room with utility sink and front-loading Samsung washer and dryer, direct-entry garage with pull-down attic storage, and an oversized rear patio perfect for relaxing or entertaining. Lake Ridge offers low HOA fees, low taxes, gated entry, indoor and outdoor pools, fitness center, tennis, pickleball, clubs, activities and so much more.
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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%.
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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 |
|---|---|---|---|
| Oct 16, 2026 | In contract | - | |
| In contract | |||
| Aug 19, 2026 | Price Decreased |
$364,900
↓ $10K
(2.7%) | |
| Price Decreased | |||
| Jun 12, 2026 | Listed by RE/MAX Elite | $374,900 | |
| Listed by RE/MAX Elite | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017