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3502 First Light Dr
About This Property
This home has amazing upgrades to include granite countertops, stainless appliances, kitchen cabinets and newer carpet in the master. When entering you will be pleasantly surprised by the open floor plan and grand entry way. This home offers 1870 sq. ft. on the main level and 704 sg. ft. on the upper level, 3 bedrooms, 2 which are on the main floor and the 3rd located upstairs has it's own bathroom and large walk-in closet, 3 bathrooms and a 2 car garage. Washer and dryer are included. The spacious kitchen has a large kitchen island and all appliances are included. Upstairs you will find a massive multi-purpose room/loft that can be used as a home theater, living room, library, home gym or playroom! Yard is fenced and zero scape for low maintenance. Walking distance to Clear Sky Elementary and Bison Park! HOA includes use of The Grange and The Taft House community pools. Close to Ridgeline Trailhead. This fantastic neighborhood has a high school, middle school, several elementary schools, hospital, ACC/CSU college campus, movie theatre, lots of restaurants, salons and shopping! Easy access to I-25, Denver and Colorado Springs.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 8, 2025 | Sold | ||
| Sold | |||
| Jul 18, 2025 | In contract | - | |
| In contract | |||
| Jul 3, 2025 | Price Decreased |
$639,900
↓ $10K
(1.5%) | |
| Price Decreased | |||
| May 8, 2025 | Price Increased |
$649,900
↑ $10K
(1.6%) | |
| Price Increased | |||
| Apr 24, 2025 | Listed | $639,900 | |
| Listed | |||
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Main-Floor Living & Versatile Loft Space in The Meadows!
Welcome to this beautifully maintained home in The Meadows-one of Castle Rock's most sought-after communities! Thoughtfully designed with a main-floor primary suite, this 3-bedroom, 3-bathroom gem offers over 2,500 square feet of comfortable living space and a flexible layout to suit your lifestyle.
Step inside to a grand, light-filled entryway and an open-concept floor plan that feels both inviting and spacious. The kitchen is a chef's delight-featuring granite countertops, stainless steel appliances, a large center island, and upgraded Cardell real wood cabinetry with dovetail joinery and soft-close doors and drawers.
The main-floor primary suite features plush newer carpet, a generous walk-in closet, an en-suite bath, and a private sliding glass door to the backyard-your own peaceful retreat. A second bedroom and full bath are also conveniently located on the main level.
Upstairs, you'll find a private third bedroom with its own full bathroom and walk-in closet, along with a huge loft that's perfect for a media room, home office, gym, or playroom-the options are endless!
Additional features include a 2-car garage, included washer and dryer, and a low-maintenance xeriscaped backyard that's fully fenced.
Located near Clear Sky Elementary, Bison Park, and miles of scenic trails. Residents enjoy access to community amenities like The Grange and The Taft House pools, with shopping, dining, schools, hospitals, and I-25 all close by-offering easy connections to both Denver and Colorado Springs.
Don't miss your chance to live in one of Castle Rock's most vibrant neighborhoods-schedule your showing today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017