53520 Middle Ridge Drive
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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%.
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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.
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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 |
|---|---|---|---|
| May 5, 2022 | Sold | ||
| Sold | |||
| Apr 6, 2022 | Listed by Compass | $425,000 | |
| Listed by Compass | |||
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Tucked away on a quiet, maintained street, this charming 1 bedroom, 1 bath mountain cottage sits on a flat, .39 acre lot. The yard is fully fenced, surrounded by lush foliage, tall pines, cedars, and manzanitas. The interior exudes classic cabin charm and also has thoughtful upgrades throughout. The living area is warm and inviting with hardwood floors, a wood-beamed ceiling, brick fireplace with wood stove insert, and adjacent built-in bench. The open concept kitchen showcases a large, concrete slab island with a built-in gas range and hood, a large stainless steel basin sink, and floating wood shelves. The bathroom has updated fixtures and a custom-tiled bath and shower, you will also find the washer and dryer in this room with its own closet space that can be closed off. The bedroom is filled with gorgeous, natural light has plenty of closet space and access to the backyard, where you can sit and enjoy the covered patio, Trex deck and hot tub. There are two sheds for storage and a pad for RV parking. House is also heated and cooled by a newer split system, new gutters, plumbing, wiring, and the roof is less than a year old. House is occupied. Please do not disturb tenants.
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| Jun 24, 2020 | No longer available | - | |
| No longer available | |||
| May 13, 2020 | Price Decreased |
$309,000
↓ $11K
(3.4%) | |
| Price Decreased | |||
| Apr 29, 2020 | Listed | $319,900 | |
| Listed | |||
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This beautifully refurbished cabin combines the romance of the classic cabin with modern, rustic charm of today's aesthetics for a perfectly balanced and welcoming interior. This single-level home boasts a spacious living room with original, well-maintained wood beams and T&G on ceilings and walls as well as built-in shelving, cabinets, and seating bench w/storage. Entering the kitchen, you'll be met with a bright and sunny space featuring custom made pine island with oven/stove range and storage cabinets. The pine shelving is ideal for displaying your collectible kitchen items. The simple beauty of the pine cabinets and concrete counters carries into the equally-sunny full bath where everything is new, including the subway tile with tasteful colorful glass accents bath/shower enclosure, insulated tub, and custom vanity. There is a conveniently located laundry closet with storage. The very large bedroom is dreamy, light, and airy with direct access to the rear deck and yard, where you'll find a hot tub with privacy fencing and two storage sheds/workshops. All season access and excellent off-street parking including room for boat or RV. Excellent Airbnb history. The manager has listed the unit size as 1021 square feet.
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About West Ridge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017