1664 Saturn ROAD
About This Property
This home underwent a complete renovation in 2019, featuring a new roof, remodeled kitchen and bathrooms, and stylish vinyl flooring throughout. The current owners have further enhanced the property with modern appliances, elegant Florida Plantation shutters, and new window shades. A newly installed glass storm door at the front entry floods the living room with natural light, creating a warm and inviting atmosphere. On cooler winter evenings, enjoy the cozy ambiance of the wood-burning fireplace.
The property boasts a comprehensive Kinetico water treatment and softener system, with reverse osmosis at the kitchen sink and refrigerator and a new well/water pump. Breathe easy with all-new ductwork and an upgraded air conditioning system. Recent upgrades include a hurricane-rated garage door, a new electrical box with an outlet for a whole-house generator, and a brand-new hot water heater.
Step outside to the newly installed 18 x 23 paver patio, perfect for soaking up the Florida sunshine. It's an ideal space for outdoor entertaining, with room to add a firepit, hot tub, or tiki bar. The generous yard offers the potential to add a pool, transforming this property into your personal Florida oasis. With a little TLC, the original circular lanai can be restored to its mid-century charm. Importantly, this property remained high and dry, with no flooding or water intrusion.
As a bonus, owners have the option to join the South Venice Beach Ferry Association, granting access to a private beach just a short ferry ride away. Memberships for the boat ramp and kayak launch are also available, though currently on hold due to facility repairs.
All aerial photographs were taken pre-Milton. Fire in fireplace is virtually staged.
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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 |
|---|---|---|---|
| Jan 31, 2025 | Sold | ||
| Sold | |||
| Jan 9, 2025 | In contract | - | |
| In contract | |||
| Jan 7, 2025 | Price Decreased |
$275,000
↓ $21K
(7.1%) | |
| Price Decreased | |||
| Dec 20, 2024 | Relisted | $296,000 | |
| Relisted | |||
| Dec 17, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017