14079 NESTING Way #APTC
About This Property
Property being sold ''As Is'' & subject to 24 CFR 206.125; It's encouraged that offers include proof of funds (If cash) or a Pre-approval (If financed). This is a requirement for seller's final acceptance. Although a FNMA property, it DOES NOT qualify for HomePath Mortgage or Renovation Financing programs and all offers must be submitted by email Multiple offers. Highest and best due by 11/2/13 5 PM
This is a FHA reverse mortgage product, which must be sold subject to 24 CFR 206.125.
*The home cannot be sold for less than the current ''AS-IS'' appraised value (the current list price) as established by an FHA Roster Appraiser, without HUD's express authorization.
*Under 24 CFR 206.125 (a) the lender that now owns the house isn't going to make any repairs unless they are required by local law or HUD standards for HUD-insured properties, and (b) the property cannot be sold to a buyer that has a family, ownership, employment or other relationship with the lender.
The seller will not be responsible for the cost of turning utilities on for buyer inspections and/or appraisal. No mailbox, pool or garage keys are given at closing. Buyer is responsible for any association docs.
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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 |
|---|---|---|---|
| Dec 27, 2013 | Sold | ||
| Sold | |||
| Oct 30, 2013 | Listed by Joe Sauter Realty A Name You | $52,000 | |
| Listed by Joe Sauter Realty A Name You | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/28/2014
|
2 Bed
|
2 Bath
|
1255 ft²
|
$149,000
2 Bed
2 Bath
1255 ft²
|
$140,000
-6.04%
06/05/2015
|
Bill Tison
RE/MAX Select Group
| |
|
02/17/2014
|
2 Bed
|
2 Bath
|
1160 ft²
|
$89,900
2 Bed
2 Bath
1160 ft²
|
$86,000
-4.34%
04/14/2014
|
Michele A Michaud
RE/MAX Direct
| |
|
10/30/2013
|
2 Bed
|
2 Bath
|
1160 ft²
|
$52,000
2 Bed
2 Bath
1160 ft²
|
$56,100
+7.88%
12/27/2013
|
Joe Sauter
Joe Sauter Realty "A Name You
|
Building Info
- 1 Unit for Sale
About High Point of Delray West Condominiums
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017