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Rye 10580 Rye
8 Ridgewood Drive
Photo of 8 Ridgewood Drive
Sold on Apr 15, 2025

36

Map

Photo of 8 Ridgewood Drive
Photo of 8 Ridgewood Drive
$2,250,000
● House - Off Market

8 Ridgewood Drive

Rye City, NY 10580
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,948 Ft²
$15,303
Est. Monthly
3.32%
Cap Rate

About This Property

Located within a wonderful and private association neighborhood, this Stone and Brick Colonial exudes an aura of classic architecture. Upon entering, the foyer flows seamlessly into the spacious Living Room, where a beautiful wood surround Fireplace is the vocal point. Adjacent to the Living Room, the Dining Room offers informal and formal dining with french doors opening out to the side yard. The beautifully scaled Kitchen with custom cabinetry includes a 7 x 5 Granite island for casual dining, an additional Dining Alcove and Family Room with built in Bookcases, Laundry Room with four machines to the second floor. An Elevator services the lower level to the first floor. The second floor Primary Suite features a spa-like ensuite bathroom, ample closets, built ins, and a Home Office and Back Staircase, Two additional Bedrooms/Hall Bath and a Bedroom Suite with built-ins and a private Bath complete the second floor. A spacious Patio provides the perfect setting for outdoor relaxation and entertaining.....All within a short distance to the train station and downtown Rye. Additional Information: ParkingFeatures:2 Car Attached,
Unit Size
3,948 Ft²
Days on Market
306 days
Land Size
0.28 acres
Price per sqft
$627
Property Type
House
Property Taxes
$3,150
HOA Dues
-
Year Built
1924

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 4 months ago (OneKey MLS #KEYH6288671)

Price History

Date / Event Date Event Price
Apr 15, 2025 Sold
Premium
Sold
Dec 2, 2024 In contract -
In contract
Nov 23, 2024 No longer available -
No longer available
Sep 13, 2024 Price Decreased $2,475,000
↓ $120K (4.6%)
Price Decreased
Jun 13, 2024 Listed by Houlihan Lawrence Inc. $2,595,000
Listed by Houlihan Lawrence Inc.
Show More

Property Highlights

Elevator
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1924
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 11
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,197
  • Total Building Area: 3,948
  • Building Area: 3,948
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 3,948
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIDGEWOOD
  • Land Acres: 0000000280
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Rye City School District
  • School Tax School District: RYE
  • Census Tract: 007700

Zoning

  • Zoning: R3

Geography

  • District: 551400
  • Section: 146.06
  • Parcel: 551400 146-6-1-17
  • Block: 1
  • Lot: 17.000
  • Municipality: RYE
  • Latitude: 40.9856
  • Longitude: -73.6879

    Address

  • Full Address: 8 Ridgewood Dr
  • Address - House Number: 8
  • Address - Street Name: Ridgewood
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Rye
  • Carrier Code: C020
  • 4-Digit Zip Code: 1645
  • Zip Code: 10580

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,533,967
  • Initial Tax Delinquent Year: 2023
  • Tax Rate Code Area: 551400

    Appraisal Valuation

  • Standard Deviation: 0.2369
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 66
  • Final Value: 2,497,285
  • High Value: 3,089,090
  • Low Value: 1,905,481

    Market Valuation

  • Market Total Value: $2,449,613
  • Market Land Value: $418,605
  • Market Improvement Value: $2,031,008

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $31,600
  • Assessed Land Value: $5,400
  • Assessed Improvements Value: $26,200

    Sales

  • Current Sale Contract Date: Apr 15, 1999
  • Current Sale Recording Date: Jul 29, 1999
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Rye

Stats & Trends

Median Asking:

$2,695,000

Sale Price/ft²

$788

Above Asking

0.00%

Average Days on Market

89

Average Home Size

4109 ft²

Average Home Age

68.1 years

Currently For Sale

29 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 56 Wainwright Street, Rye, NY, 10580

$10,000 /mo

  • 3 Beds
  • 3 Baths
  • 2,168 ft²
56 Wainwright Street, Rye, NY, 10580 Listing by Katherine Irwin
Unit for rent at 29 Redfield Street, Rye, NY, 10580

$9,500 /mo

  • 6 Beds
  • 2 Baths
  • 2,628 ft²
29 Redfield Street, Rye, NY, 10580 Listing by Kori Sassower
Unit for rent at 319 Oakland Beach Avenue, Rye, NY, 10580

$11,000 /mo

  • 4 Beds
  • 2 Baths
  • 1,706 ft²
319 Oakland Beach Avenue, Rye, NY, 10580 Listing by Kori Sassower

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 4 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 8 Ridgewood Drive built and last sold?
The property at 8 Ridgewood Drive was built in 1924 and last sold on Apr 15, 1999 for $652,000.
How much is this home worth?
The estimated value of the home located at 8 Ridgewood Drive is $0.
What are some comparable homes to 8 Ridgewood Drive?
There are currently no comparable homes to 8 Ridgewood Drive.
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