948 RIDGEWOOD LANE
About This Property
The main living area is both inviting and functional, seamlessly flowing into the kitchen, which is equipped with ample counter space and breakfast area. Adjacent to the kitchen, the dining area and living room provide a comfortable gathering space. The choice of screened porch overlooking the pond complete with sunshades OR a Florida room area allow for full lake viewing pleasure.
The master suite offers a private retreat with an en-suite bath, ensuring comfort and privacy. A second bedroom and adjacent full bath accommodate guests or family members, while the separate den provides a flexible space for a home office, library, or creative studio. Home also has a 2-car garage and laundry room.
This home is designed for worry-free living, with recent updates including a new roof installed in 2022 and a new HVAC system 2025. Lawn care is included, making maintenance effortless-ideal for those who prefer a lock-and-leave lifestyle.
Beyond the home, the community pool and cabana serve as a central gathering place for neighbors, fostering a friendly and welcoming atmosphere with low HOA fees. The location is also highly convenient, with shopping, dining, and medical facilities just a short drive away.
Whether you're looking for a full-time residence or a low-maintenance retreat, this home is an exceptional opportunity. Schedule your visit today!
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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 |
|---|---|---|---|
| May 9, 2025 | Sold | ||
| Sold | |||
| Mar 22, 2025 | In contract | - | |
| In contract | |||
| Feb 22, 2025 | Price Decreased |
$369,900
↓ $5K
(1.4%) | |
| Price Decreased | |||
| Jan 31, 2025 | Listed by BERKSHIRE HATHAWAY HOMESERVICE (ST AUG) | $375,000 | |
| Listed by BERKSHIRE HATHAWAY HOMESERVICE (ST AUG) | |||
| Oct 28, 2019 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017