3811 Ridgelea DR
About This Property
appliances, oversized quartz island with seating for four, ample additional counter & cabinet space. The main level hosts a spacious living room surrounded by windows, while the upstairs light-filled living area showcases built-in bookshelves. A large bedroom/office/playroom on the first floor boasts a walk-in closet, offering versatility and convenience. Upstairs, the primary bedroom is a serene retreat, offering extra space for relaxation with two walk-in closets. The tranquil primary bath features a generously sized soaking tub, mosaic tile shower, and dual vanities. Additional secondary beds also feature walk-in closets, ensuring plenty of storage space. For outdoor entertaining a private courtyard with pavers provides generous room for seating, dining and gardening, easily accessible through amazing glass doors off the dining area. The yard is surrounded by xeriscaped landscaping and partially fenced for added privacy. Updates include a 2019 on-demand water heater, Upstairs bed closets outfitted by California Closets, both HVAC systems replaced in 2021, refreshed mason fence in 2024. Location is unbeatable, offering easy access to Jefferson shopping, Kerbey Lane Cafe, Tiny Boxwoods, Snooze, Central Market, St. Andrews, the Grove, UT and downtown. Shoal Creek Hike & Bike Greenbelt just a block away.
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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 |
|---|---|---|---|
| Jan 1, 2025 | No longer available | - | |
| No longer available | |||
| Oct 2, 2024 | Listed by Compass RE Texas, LLC | $1,235,000 | |
| Listed by Compass RE Texas, LLC | |||
| Jul 1, 2024 | No longer available | - | |
| No longer available | |||
| Jun 6, 2024 | Price Decreased |
$1,250,000
↓ $35K
(2.7%) | |
| Price Decreased | |||
| Apr 14, 2024 | Price Decreased |
$1,285,000
↓ $65K
(4.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017