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5597 Lee Dr
About This Property
Inside, the warm and inviting floor plan features an open living area filled with natural light, hardwood flooring, and a cozy wood-burning fireplace. The updated kitchen showcases custom cabinetry, butcher block countertops, newer LG appliances (2021), and new hardwood flooring installed in 2024.
Extensive recent improvements provide exceptional value and peace of mind, including a new roof (2026), new water heater (2026), newer furnace (2020), radon mitigation system (2022), whole-house tri-level water filtration system, and all new exterior and interior doors, including the front door, back door, fire-rated garage entry door, and garage door.
Step outside to enjoy the newly fenced backyard, providing a private and functional outdoor space perfect for pets, gardening, entertaining, or simply taking in the beautiful Evergreen surroundings. The spacious lot offers room to relax while enjoying mountain views, mature trees, and Colorado's abundant wildlife.
Few Evergreen homes offer this combination of walkability, major system upgrades, usable outdoor space, and immediate access to both downtown amenities and trail systems. With significant improvements already completed and an unbeatable Central Evergreen location, this home is ready to be enjoyed from day one
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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 |
|---|---|---|---|
| Aug 10, 2026 | Sold | ||
| Sold | |||
| Jul 13, 2026 | In contract | - | |
| In contract | |||
| Jul 3, 2026 | Relisted | $440,000 | |
| Relisted | |||
| Jun 22, 2026 | In contract | - | |
| In contract | |||
| Jun 19, 2026 | Listed | $555,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017