$663,000
●
House -
Off Market
1515 Ormond TERRACE
PARRISH, FL 34219
3 Beds
3 Baths,
1
Half Bath
2,900 Ft²
$720,342
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model
About This Property
Check out this beautiful lakefront home on a cul de sac lot in
Rivers Reach! With 2900 sq ft of AC space, this home
features 3 Bedrooms plus large office, Enclosed Florida Room, 2.5
baths and 3 car garage. Interior upgrades include satin
paint, 5.25" crown molding, decorative beams, granite countertops,
custom shelving in master bedroom closets, window treatments
including shutters, zoned AC and updraft thermostats, UV systems.
The enclosed Florida Room is 23 X 13 sq, ft complete with
heating and cooling. Relax and enjoy the pool and tropical
setting enhanced with Queen Palms and gorgeous lake views.
Rivers Reach is a highly in demand gated community offering
numerous amenities including resort style pool and spa, gas grill,
fitness center, playground and kayak launch with access to the
Manatee River. Easy access to nearby park and a short drive
to shopping, dining and the convenience of I75 access for commuting
to St. Pete, Bradenton or Sarasota.
Unit Size
2,900 Ft²
Days on Market
38 days
Land Size
0.28 acres
Price per sqft
$234
Property Type
House
Property Taxes
$674
HOA Dues
$11
Year Built
2014
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 years ago (Stellar MLS #A4550583)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 9, 2022 | Sold | ||
| Sold | |||
| Oct 31, 2022 | Listed by BETTER HOMES & GARDENS REAL ES | $679,000 | |
| Listed by BETTER HOMES & GARDENS REAL ES | |||
| Jul 3, 2020 | No longer available | - | |
| No longer available | |||
| Jun 18, 2020 | Sold | ||
| Sold | |||
| May 2, 2020 | Listed | $425,000 | |
| Listed | |||
| | |||
|
Beautiful home nestled in Rivers Reach near the peaceful Manatee River. Price improvement! Easy to show, Move-in ready, SELLER MOTIVATED! This 3 bedroom including den/office, 2.5 bath home has been upgraded with satin paint, 5 1/4 in crown molding, decorative beams, Granite countertops, custom shelving in master bedroom closets, window treatments, updrafts thermostats, UV systems, and 6 QUEEN PALMS in the backyard to give it that tropical Florida feel. Relax by your upgraded pool as you stare at the serene lake views from the 23x13 sunroom complete with a heating and cooling addition. You have to see it for yourself! The manager has listed the unit size as 2900 square feet.
| |||
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Waters Edge
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Listed by: Jan Jordan
BETTER HOMES & GARDENS REAL ES
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# A4550583
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
BETTER HOMES & GARDENS REAL ES
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# A4550583
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017