1224 RIVER Road
About This Property
The covered front patio is where you'll spend so much time, back from the road but with a spectacular river view. Very private and spacious.
Additional features include Automatic hurricane shutters,chair lift to 2nd floor, 3 zoned a/c, well water for sprinkler system, security system, two car garage has room for a small workshop. Also, talking more about the wonderful 720 sq ft guest house perfect for dual families, grown kids, studio, man cave, in-law suite,etc. This skylited studio apartment with ship lap walled mini kitchen and a full bath is an oasis. The main house has 5br/5/ba and the cottage has 1br/1 ba.
They have riparian rights on the river so a dock would be allowed. This is one of prettiest streets in Jax area with Spanish moss hanging on huge live oak trees, fruit trees and a sidewalk along the river for miles of walking and viewing.
This property alone has 16 mature satsuma orange trees, azalea trees galore, jasmine on the arbors and a huge gardenia tree. The home is part of the history of this sweet little town of Orange Park,( pop. 8705) and originally this whole area was an orange grove and hence the name Orange Park. The "Town of Orange Park" runs N/S for 4 miles from I 295 to the Dr. Lake bridge along the St Johns River. There is a monthly Farmers market, plus festivals, fairs, and lots of community participation. It is anywhere from 15 to 30 min to downtown Jax depending on traffic and 30 min from the beach.
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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 |
|---|---|---|---|
| Apr 5, 2024 | Sold | ||
| Sold | |||
| Mar 4, 2024 | In contract | - | |
| In contract | |||
| Feb 4, 2024 | Price Decreased |
$1,185,000
↓ $95K
(7.4%) | |
| Price Decreased | |||
| Feb 1, 2024 | Relisted | $1,280,000 | |
| Relisted | |||
| Jan 25, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017