7429 Ridgelake CIRCLE
About This Property
A dedicated office space or den provides the perfect spot for working from home or enjoying quiet moments. The pristinely kept kitchen boasts quartz countertops, white cabinets, and an Italian porcelain backsplash, creating a sophisticated culinary space. Equipped with an LG Profile air fryer range and vented exhaust hood, the kitchen also features a large basin stainless steel sink with a designer faucet and a new garbage disposal. Ample storage is provided by a spacious pantry, ideal for organizing kitchen essentials and groceries.
Year-round comfort is ensured with a new Lennox HVAC system and whole-house fresh air ventilation. Throughout the home, updated lighting, new carpeting, and an updated shared bathroom with quartz counters, a new sink, and modern fixtures add to the allure.
Outside, the oversized lot offers plenty of room to add a pool and create an outdoor entertainment area. The covered lanai with an extended screen is perfect for relaxing and watching the vibrant wildlife. Plus, you can enjoy quick access to the community pool via a convenient backyard shortcut. The laundry room, complete with cabinets for storage and a utility sink, adds to the home's convenience.
Additional features include a 2-car garage with a workbench, two large walk-in closets, a solar attic fan, and whole yard sprinklers. The home has been freshly painted.
Community amenities enhance the lifestyle, featuring a resort-style pool with a spa and outdoor kitchen, as well as a kayak and canoe launch for easy water access. Located just minutes from UTC Mall and the white sand beaches of Anna Maria Island, Siesta Key, and Lido Beach, the home is also surrounded by numerous restaurants, embodying the Florida lifestyle.
Embrace the serene and sophisticated living experience in Ridge at Crossing Creek. This home is a true gem, combining elegance, comfort, and a prime location. Don't miss the opportunity to make it yours!
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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 |
|---|---|---|---|
| Jan 6, 2025 | Sold | ||
| Sold | |||
| Nov 23, 2024 | In contract | - | |
| In contract | |||
| Sep 14, 2024 | Price Decreased |
$524,900
↓ $10K
(1.9%) | |
| Price Decreased | |||
| Aug 28, 2024 | Price Decreased |
$534,900
↓ $15K
(2.7%) | |
| Price Decreased | |||
| Jun 13, 2024 | Price Decreased |
$549,900
↓ $10K
(1.8%) | |
| Price Decreased | |||
Property Highlights
Building Info
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About Manatee
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017