4881 Edgewater LANE
About This Property
Upon entering you'll discover tasteful updates, a calm palette of color and updated plank vinyl flooring throughout. The kitchen that opens to the the family room features an EAT IN area, WOOD cabinetry and white QUARTZ countertops. The family room features a wood burning FIREPLACE to cozy up to during colder evenings. The highlight of this property is the oversized PAVERED POOL area, perfect for outdoor gatherings. Toast smores over the brick FIRE PIT on the extended PATIO. With a spacious BACKYARD, there's ample room for recreation and outdoor activities.
Living in this community opens up a world of possibilities. Join the East Lake Woodlands Country Club and embrace an active lifestyle with a Premier 36 hole Golf Course, Tennis, Pickleball, Community pools, Fitness center and various dining options. Just outside the gates you'll find even more dining, entertainment and shopping.
The property's location is exceptionally convenient, only 20 minutes away from several top BEACHES and TWO international AIRPORTS that offer you easy access to travel whenever needed. Don't miss out on this wonderful opportunity to experience the best of East Lake Woodlands living!
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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 |
|---|---|---|---|
| Aug 10, 2023 | Sold | ||
| Sold | |||
| Jul 28, 2023 | Listed by COLDWELL BANKER REALTY | $600,000 | |
| Listed by COLDWELL BANKER REALTY | |||
| Jul 24, 2023 | No longer available | - | |
| No longer available | |||
| Jul 8, 2023 | Price Decreased |
$620,000
↓ $10K
(1.6%) | |
| Price Decreased | |||
| Jun 6, 2023 | Listed by COLDWELL BANKER REALTY | $630,000 | |
| Listed by COLDWELL BANKER REALTY | |||
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About East Lake Woodlands
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017