42559 Adirondack Drive
About This Property
At Babcock, you'll have access to many amenities and events, including pools and clubhouses, pickleball, tennis, bocce, weekend food trucks with live music, weekly Sunday farmers market, and a host of special events, concerts and festivals. The lifestyle team has many activities for you to enjoy, and Babcock is an extremely community-oriented town. You can also look at the community track record vs Mother Nature - we have withstood several hurricanes in the past couple of years with minimal impact. 60 Minutes did a story on Babcock after Hurricane Ian, where we never lost power or internet and had no flooding issues. The Fieldhouse, located adjacent to our schools, is used as a Charlotte County emergency shelter. This means that when there is severe weather, people come TO Babcock Ranch, not away. This home also has hurricane rated windows and doors, so you won't have to put up shutters prior to weather events. Another bonus...this home is covered by a transferrable warranty from the builder, Pulte's 1-2-5-10 plan. Everything is covered until the end of April 2025 (*EDIT: Homeowner did a home inspection prior to the 1-year warranty expiration - builder has already made all minor repairs from that inspection). Please inquire about the details of the remaining coverage.
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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 |
|---|---|---|---|
| Jul 3, 2025 | Sold | ||
| Sold | |||
| May 25, 2025 | In contract | - | |
| In contract | |||
| May 9, 2025 | Price Decreased |
$599,000
↓ $26K
(4.2%) | |
| Price Decreased | |||
| Feb 10, 2025 | Price Decreased |
$625,000
↓ $25K
(3.9%) | |
| Price Decreased | |||
| Dec 19, 2024 | Listed by Singurealty Inc | $650,000 | |
| Listed by Singurealty Inc | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
About Charlotte
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017