5507 Useppa Drive
About This Property
A SCREENED FRONT ENTRY adds convenience and creates a welcoming arrival. Inside, the BRIGHT KITCHEN features WHITE CABINETRY, a WHITE SUBWAY TILE BACKSPLASH, and AMPLE STORAGE, opening to the main living area for easy everyday living. There is NO CARPET, with TILE FLOORING throughout the main living areas and LUXURY VINYL PLANK FLOORING in the bedrooms and den for a clean, modern look and easy maintenance. A NEWER A/C SYSTEM and FOUR CEILING FANS provide year-round comfort.
The SCREENED LANAI features a PICTURE-SCREEN ENCLOSURE, offering UNOBSTRUCTED VIEWS OF THE TRANQUIL LAKE. With NO NEIGHBORS DIRECTLY ACROSS THE LAKE, the home offers an added sense of privacy and openness.
A SPECIAL FINANCING FEATURE may be available: the home has an EXISTING MORTGAGE WITH A 4.75% INTEREST RATE that may be ASSUMABLE BY AN ELIGIBLE VETERAN, subject to lender approval and loan qualification.
Residents enjoy ACCESS TO THE MAPLE RIDGE CLUBHOUSE, featuring a RESORT-STYLE POOL, FITNESS CENTER, PICKLEBALL COURT, PLAYGROUND, and SOCIAL AMENITIES, as well as the FITNESS CENTER IN AVE MARIA'S TOWN CENTER. Ave Maria is also recognized as a BLUE ZONE COMMUNITY and offers PARKS, WALKING AND BIKING TRAILS, GOLF, RESTAURANTS, SHOPPING, COMMUNITY EVENTS, AVE MARIA ELEMENTARY, AVE MARIA CATHOLIC ACADEMY, and AVE MARIA UNIVERSITY.
5507 Useppa Dr offers a wonderful opportunity to enjoy LAKEFRONT LIVING, THOUGHTFUL UPDATES, and the AVE MARIA LIFESTYLE in one of the community's most popular neighborhoods. Ave Maria: where community meets paradise!
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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%.
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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.
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 |
|---|---|---|---|
| Sep 13, 2026 | Price Decreased |
$319,900
↓ $20K
(5.9%) | |
| Price Decreased | |||
| Aug 26, 2026 | Price Decreased |
$339,900
↓ $5K
(1.5%) | |
| Price Decreased | |||
| Aug 6, 2026 | Price Decreased |
$345,000
↓ $5K
(1.4%) | |
| Price Decreased | |||
| Jul 11, 2026 | Listed by Realty One Group MVP | $349,900 | |
| Listed by Realty One Group MVP | |||
| Apr 28, 2022 | No longer available | - | |
| No longer available | |||
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About Corkscrew
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017