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1644 Sumter Lane
About This Property
3 bedroom (PLUS OFFICE!), 2 bath, 3 car garage, open floor plan. Bonus room upstairs for a library, media room or gym! Chef's dream kitchen has been renovated w/ top of the line quartz countertops. Plenty of food prep, cabinet space and huge pantry too!
Remodeled bathrooms, neutral colors throughout home w/ plenty of natural light. ALL APPLICANCES INCLUDED!
Fresh exterior paint & landscaping make this homes curb appeal POP! Tropical back yard for relaxing w/ hot tub while you enjoy those lake views!
Walking distance to A+ schools, library &
park. 15 minutes away from some of the most beautiful beache beache
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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 |
|---|---|---|---|
| Apr 4, 2025 | Sold | ||
| Sold | |||
| Feb 20, 2025 | In contract | - | |
| In contract | |||
| Feb 6, 2025 | Listed by Coastal Life Properties LLC | $669,000 | |
| Listed by Coastal Life Properties LLC | |||
| | |||
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Experience unparalleled craftsmanship and attention to detail in this exquisite West Melbourne residence. The Brand new screened-in pool area offers a serene retreat, perfect for both relaxation and entertaining. The gourmet kitchen is designed to impress, featuring quartz countertops, stainless steel appliances, and abundant cabinetry. The expansive family room provides a warm and inviting atmosphere perfect for movie nights. The primary suite is a sanctuary, boasting a spa-like bathroom, an oversized walk-in closet, and private access to the trussed screened patio leading to your pool oasis. A versatile fourth bedroom or flex space is thoughtfully positioned above the three-car garage, offering additional privacy. Nestled on a premium homesite, this exceptional property seamlessly blends luxury and comfort with endless private views of the lake. Roof 2023, Brand New AC within the year. Location is premier to shopping and restaurants.
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| May 16, 2023 | Sold | ||
| Sold | |||
| Apr 15, 2023 | Listed by RE/MAX Aerospace Realty | $500,000 | |
| Listed by RE/MAX Aerospace Realty | |||
Property Highlights
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About Oak Grove at West Melbourne
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017