For SaleRisky Deal134 days on market
985 RIDGEMOUNT PLACE
985 RIDGEMOUNT PLACE, LAKE MARY, FL 32746, Heathrow, FL 32746
$515,000
Estimate®:$503,400
Listing Price
985 RIDGEMOUNT PLACE, LAKE MARY, FL 32746
Loc: Heathrow, FL
Days Listed
134
Tax Assessed
$390k
Estimate®
$503k
Market Rate
Lot Size
6,140 sqft
Rent Estimate
$2,767/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
10
Heathrow Elementary School
PK-5
0.9 mi away
6
Markham Woods Middle School
6-8
0.9 mi away
5
Seminole High School
9-12
5.1 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
single-storyranch stylestucco exteriortwo-car garagearched entrywaylandscaped yardmature treessuburbanresidentialwell-maintainedconcrete drivewaygable roofneutral color palette
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
3.62%
Total ROI
37.5%
Cash Flow
$-1,118/mo
DSCR
0.58
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-1,118/mo net cash flow with a 3.6% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Heathrow, FL
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-07-09 | Price change | $515,000 | $332 |
| 2026-05-13 | Listed for sale | $525,000 | $338 |
| 2014-07-13 | Listing removed | $1,600 | $1 |
| 2014-05-30 | Listed for rent | $1,600 | $1 |
| 2007-07-13 | Sold | $47,500 | $31 |
| 1999-08-09 | Sold | $154,400 | $99 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $5,643.07 | $390,239 |
| 2024 | $5,045.58 | $380,947 |
| 2023 | $4,673.7 | $346,315 |
| 2022 | $4,276.87 | $314,832 |
| 2021 | $4,188.16 | $286,211 |
| 2020 | $3,866.16 | $260,983 |
| 2019 | $3,810.61 | $253,139 |
| 2018 | $3,810.61 | $234,510 |
| 2017 | $3,583.16 | $228,135 |
| 2016 | $3,548.96 | $234,545 |
| 2015 | $3,666.58 | $210,600 |
| 2014 | $3,666.58 | $203,555 |
| 2013 | $3,008.14 | $187,950 |
| 2012 | $2,752.15 | $179,060 |
| 2011 | $2,605.78 | $167,692 |
| 2010 | $3,007.89 | $191,555 |
| 2009 | $3,193.25 | $204,375 |
| 2008 | $3,820.94 | $253,717 |
| 2007 | $1,707 | $155,339 |
| 2006 | $1,914.41 | $151,550 |
| 2005 | $1,876.37 | $147,136 |
| 2004 | $1,991.81 | $142,850 |
| 2003 | $1,974.76 | $140,186 |
| 2002 | $1,949.94 | $136,900 |
| 2000 | $1,874.71 | $131,033 |
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