11490 NE 109TH PLACE
About This Property
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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 |
|---|---|---|---|
| Apr 3, 2026 | Sold | ||
| Sold | |||
| Feb 15, 2026 | In contract | - | |
| In contract | |||
| Jan 23, 2026 | Listed | $439,000 | |
| Listed | |||
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Escape the congestion without giving up convenience in this beautiful stone home located just beyond the Alachua County line in Levy County, offering Gainesville buyers the perfect balance of space, privacy, and accessibility along with the benefit of lower property taxes. Set on 1.24 fully fenced acres with wide double gate access, this 4 bedroom, 3 bathroom home features an open concept layout with a split floor plan that provides comfort, natural light, and ideal separation for families, guests, or working from home. A full wraparound porch invites you to relax and entertain while the expansive yard offers room for pets, gardens, recreational toys, and future additions. The property is exceptionally equipped with two large freestanding carports, a spacious workshop, and a climate controlled shed, plus a standout 16x16 tiki bar and outdoor kitchen complete with gas grill, pizza oven, sink, and private bath house, creating the ultimate space for hosting friends or enjoying peaceful Florida evenings. This is more than a home, it is a lifestyle upgrade that delivers more land, more freedom, and more flexibility while keeping shopping, schools, dining, and medical facilities just a short drive away.
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| Dec 12, 2025 | Price Decreased |
$444,900
↓ $4K
(0.9%) | |
| Price Decreased | |||
| Nov 27, 2025 | Relisted | $449,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017