38 Pine Ridge Dr
About This Property
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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 13, 2025 | Sold | ||
| Sold | |||
| Oct 15, 2025 | In contract | - | |
| In contract | |||
| Oct 8, 2025 | Listed by RE/MAX Encore | $650,000 | |
| Listed by RE/MAX Encore | |||
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Beautiful home in idyllic country setting and close to all amenities! This Ayer, MA gambrel/dutch colonial is located on a cul-de-sac in the Sandy Pond and Flanagan Pond neighborhood! Residents have access to the beach and walking trails! Step inside to a welcoming layout, updated kitchen open to the dining area and living room with wood burning fireplace. A full bath, laundry and an office complete the first floor. A spacious primary bedroom on the second floor has a walk in closet. Two additional bedrooms and a full bath round out the second floor. Extra storage is in the attic. The oversized garage has parking for two vehicles and can accommodate a large vehicle. The finished lower level provides a large family room with full size windows, offering many options, currently utilized as a home gym. Recent upgrades include mini splits, 200 amp electrical panel and a portable generator.
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| Apr 20, 2018 | Sold | ||
| Sold | |||
| Feb 14, 2018 | Listed by Coldwell Banker Residential Brokerage - Chelmsford | $379,900 | |
| Listed by Coldwell Banker Residential Brokerage - Chelmsford | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017