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Map
128 Normandy C #128
About This Property
The recreational facilities (in brief) consists of 3 clubhouses, swimming pools, golf courses, tennis, pickleball, bocce ball, racquetball and basketball courts.
There are all courtesy buses for all residents. Kings Point also offers it residents an outstanding array of shows, movies, clubs and social organizations.
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128 NORMANDY C DISCLOSURE:
1) The proposed 2022 monthly condo fee for this unit is $478 (with fully funded reserves). There is a Normandy C Association meeting in late December 2021 where there will be a vote (if they have a quorum) to see if a majority of the association members want to have partially funded reserves - in which case the monthly condo fee will be less than $478.
2) In all sections of Kings Point including Normandy C, the new owner must pay a "Capital Contribution and Processing Fee" of $1,500 to Kings Point Recreation Corporation Inc-(Vesta Property Services is the authorized manager of the Rec Facilities.) The processing fee includes issuance of one Resident ID card and 1 access barcode. A 2nd resident ID card is $60 and a 2nd access barcode is $10.
3) The unit must be owned for 24 months for rental eligibility
4) At least one owner of the unit must be 55+. Approved co-occupants must be 18+.
5)The unit may not be occupied by any persons in the absence of a least one owner.
6) A maximum of 2 resident ID cards are issued of the unit. And the first of the 2 cards must be for a 55+ owner.
7) Persons under 18 years old may visit for up to 30 days per calendar year.
8) No pets of any kind are permitted in the unit or on common grounds.
9) Second floor units must place felt tips under movable furniture sitting on hard surfaces.
10) Smoking/vaping is not permitted on catwalks or stairwells.
11) One reserved parking space is designated for each unit. Maximum of 2 vehicles per unit. The parking space for this unit is #14.
12) Commercial vehicles, non-passenger vehicles, trucks, recreational vehicles, boats, golf carts , motorcycles and vehicles in excess of 6 feet in height and any vehicle with visible signage may NOT be parked overnight. Guests may receive a 2-day permit to park prohibited vehicles.
13) The condo association approval application fee is $150 per single or $150 per couple.
The above information is not warranted nor guaranteed as 100% accurate. It is subject to inadvertent error, omission, misinterpretation or modification by the condo board of directors or by vote of the association members.
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As a buyer in Normandy C you will receive the following 120 pages of condominium documents:
1) Amended & Restated Declaration of Condominium (2002)- 54 pages
2) Amended & Restated By-Laws (2002)- 14 pages
3) Original Articles of Incorporation (1979)- 9 pages
4) First Amendment to #1 above (2010)-- 3 pages
5) Second Amendment to #1 above (2018) - 9 pages
6) Most recent "Rules & Regulations" (2018 edition)- 5 pages
7) Frequently Asked Questions & Answers Sheet (2021)- 1 page
8) Florida Not For Profit Corp Annual Report (2021)- 1 page
9) Normandy C 2021 Budget With Fully Funded Reserve - 1 page
10) Kings Point Recreation Corp. Budget (2022)- 6 pages
11) King Point Recreation Corp resale information sheet (2021) -1 page [Vesta Property Services Inc, Recreation Area Management Firm]
12) Proposed Normandy C 2022 Budget(with Fully Funded Reserves) - 1 page
13) Normandy C 2020 year end financial statements - 10 pages
14) Condominium Governance Booklet (2021)- 5 pages
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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%.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 18, 2022 | Sold | ||
| Sold | |||
| Dec 8, 2021 | Listed by Coldwell Banker | $84,900 | |
| Listed by Coldwell Banker | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/08/2021
|
1 Bed
|
1 Bath
|
760 ft²
|
$84,900
1 Bed
1 Bath
760 ft²
|
$85,000
+0.12%
01/18/2022
|
Jeff Rosenthal
Coldwell Banker
|
Building Info
About Kings Point
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