Fairfield
48 Ridge
$382,000
●
House -
Off Market
48 Ridge
New Fairfield, CT 06812
3 Beds
1 Bath
1,118 Ft²
$498,813
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model
About This Property
ireplace, exposed beams, an eat-in-kitchen with a deck off the
sunroom to catch the beautiful sunsets over Candlewood Lake. This
home offers three bedrooms and one full bathroom along with a
one-car garage. It also has plans for expansion, should one desire.
Located about 60 miles outside of Manhattan, Candlewood Isle is a
community within the heart of Candlewood Lake in New Fairfield, CT.
Whether you're looking to live on the Isle full-time or want a
part-time home, this charming cottage fits the bill with its
accessibility to major highways and Metro-North trains. Candlewood
Isle is a gated community and offers year-round amenities including
a clubhouse, beautiful sandy beach, dedicated swimming areas with
seasonal lifeguards, a marina, lighted tennis & bocce courts,
basketball hoops, playground, summer youth camp and social
activities such as Yoga and movie nights; something for everyone!
Additional Information: Amenities:Tennis,HeatingFuel:Oil
Above Ground,ParkingFeatures:1 Car Detached,
Unit Size
1,118 Ft²
Days on Market
-
Land Size
-
Price per sqft
$330
Property Type
House
Property Taxes
$551
HOA Dues
-
Year Built
1935
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 6 months ago (OneKey MLS #KEYH6056080)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 18, 2020 | Sold | ||
| Sold | |||
| Jul 21, 2020 | Listed by Neumann Real Estate | $369,000 | |
| Listed by Neumann Real Estate | |||
| | |||
|
ireplace, exposed beams, an eat-in-kitchen with a deck off the sunroom to catch the beautiful sunsets over Candlewood Lake. This home offers three bedrooms and one full bathroom along with a one-car garage. It also has plans for expansion, should one desire. Located about 60 miles outside of Manhattan, Candlewood Isle is a community within the heart of Candlewood Lake in New Fairfield, CT. Whether you're looking to live on the Isle full-time or want a part-time home, this charming cottage fits the bill with its accessibility to major highways and Metro-North trains. Candlewood Isle is a gated community and offers year-round amenities including a clubhouse, beautiful sandy beach, dedicated swimming areas with seasonal lifeguards, a marina, lighted tennis & bocce courts, basketball hoops, playground, summer youth camp and social activities such as Yoga and movie nights; something for everyone! Additional Information: Amenities:Tennis,HeatingFuel:Oil Above Ground,ParkingFeatures:1 Car Detached, Appliances: Electric Water Heater ConstructionDescription: Wood Siding,
| |||
| Jul 8, 2020 | No longer available | - | |
| No longer available | |||
| Feb 14, 2020 | Listed by Neumann Real Estate | $375,000 | |
| Listed by Neumann Real Estate | |||
| Oct 14, 2000 | Sold | ||
| Sold | |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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