25
Map
1537 ELMAR Road
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 |
|---|---|---|---|
| Mar 16, 2026 | Sold | ||
| Sold | |||
| Jul 24, 2025 | In contract | - | |
| In contract | |||
| Jun 15, 2025 | Price Decreased |
$385,000
↓ $4K
(1%) | |
| Price Decreased | |||
| May 24, 2025 | Listed by LISA DUKE REALTY LLC | $389,000 | |
| Listed by LISA DUKE REALTY LLC | |||
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Discover the perfect blend of peaceful rural living and convenient suburban amenities in this charming ranch style, 3 bedroom, 2 bath home. Imagine relaxing on the welcoming 24' covered front porch and enjoying the freedom of a spacious 0.75-acre property without HOA restrictions.
This property is a dream for anyone who loves the outdoors, offering covered parking for your boat - no need to lower those fishing poles! - as well as covered RV parking. You'll find plenty of storage space with a 2-car attached garage, a detached garage with 30 amp service, a significant 15' high metal carport (24x46) also equipped with 30 amp service, and a fully fenced backyard with a convenient wide gate on the side yard.
Inside, you'll appreciate the open floor plan, cleverly defined by a half wall between the kitchen and living room. Enjoy casual meals in the eat-in kitchen and host gatherings in the formal dining room. The glass-enclosed Florida Room provides versatile space for a home office, playroom, or a peaceful retreat. Just off the Florida Room, an open patio invites you to grill out and/or cultivate your favorite plants.
The current homeowner has taken exceptional care of this home, ensuring it's move-in ready with numerous updates. These include new wood block countertops, stainless steel kitchen appliances, double-insulated windows, and a new roof installed in 2018. Recent upgrades in 2025 feature exterior vinyl siding on the sides and rear, an updated HVAC system with an Alexa thermostat, and a refreshed hall bathroom shower. The septic system was pumped out in 2024. Notably, the current owner benefits from approximately $350 in savings on homeowners insurance due to installed hurricane clips.
Enjoy the convenience of being within walking distance to Tom Marshall Park, a city park offering a playground, batting cages, covered picnic tables, baseball and basketball courts, and a concession stand. For young baseball enthusiasts, the Northside Athletic Association has sign ups for their leagues at the park.
This location offers a quick commute to Mayport Naval Base and provides easy access to Jacksonville International Airport, the Amazon warehouse, VA Hospital, and UF North Hospital.
This home truly offers a unique blend of comfortable living and outdoor convenience.
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| Sep 2, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017