$229,900
●
House -
Off Market
157 SUMMER POINT Drive
St Augustine, FL 32086
4 Beds
3 Baths,
1
Half Bath
2,768 Ft²
$1,171
Est. Monthly
$42
HOA / Fees
13.61%
Cap Rate
About This Property
Gorgeous 2 story house located in desirable Summer Point
subdivision in St. Augustine. The home features big closets, lots
of cabinets, and a spacious pantry provide ample space for stowing
items neatly away. An oversized kitchen with stainless steel
appliances overlooks the great room and creates the heart of this
homes and the perfect place in which to gather family and friends.
Enjoy a cool nights around your gas fireplace in family room. The
master bedroom suite has tray ceiling, large walk-in closet, french
doors. Large bedroom upstairs with its own bath and closet. A
covered patio is in the rear.
Unit Size
2,768 Ft²
Days on Market
-
Land Size
-
Price per sqft
$83
Property Type
House
Property Taxes
-
HOA Dues
$42
Year Built
2009
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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: 2 years ago (Real MLS #617050)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 18, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
| Jun 11, 2024 | Price Decreased |
$487,000
↓ $2K
(0.4%) | |
| Price Decreased | |||
| May 22, 2024 | Price Decreased |
$489,000
↓ $11K
(2.1%) | |
| Price Decreased | |||
| May 18, 2024 | Price Decreased |
$499,500
↓ $20K
(3.8%) | |
| Price Decreased | |||
| May 13, 2024 | Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | $519,000 | |
| Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | |||
| | |||
|
**Assumable 2.49% Interest Rate Available for a significantly lower payment** Conveniently located with easy access to downtown St. Augustine and the beaches, this spacious 2 story Key West style home has been thoughtfully maintained. Entry of the home presents with a 20' ceiling. Downstairs a half bath is added for convenience to the formal dining area or second sitting area. Primary bedroom and bathroom located on the first floor. Well appointed kitchen with 42'' cabinets and stainless steel appliances (brand new refrigerator) allow an open concept to the family room. Fully fenced back yard with a covered patio. Upstairs a loft space provides enough room for an office area or sitting/TV area. A full bathroom and three bedrooms upstairs with one being large enough for a den or second primary bedroom. Paved driveway adds additional curb appeal. This family friendly neighborhood sits well off the main highway and has a community play area for children.
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Property Highlights
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About St. Johns
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Listed by: ALINA PEKARSKY, VIRTUAL HOMES REALTY
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 617050
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. Data is deemed reliable but is not guaranteed accurate by NEFMLS.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 617050
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