17706 Cresswind TERRACE
About This Property
appliances. 36" Birch kitchen cabinets. The party will center around the focal point of the quite open combined great room and kitchen. There is an abundant amount of countertop area for the chef to create delights. Low E double pane hurricane impact windows including the sliders that lead out to the extended covered pavered lanai. A split plan with the Master suite off the back of the residence featuring an enormous walk in closet, dual granite sinks and an oversized seamless glass shower. Second bedroom is closer to the front entry and has its own bathroom off the main entry hallway. The third bedroom and bath are off the laundry room and garage entry. The Den is great
for those working from home. If needed, it can easily be turned into a 4th bedroom. Upgraded carpet with additional padding in each bedroom. The gas line is pre-plumbed for a potential pool and outdoor kitchen. Built in pest control wall tubbing system. High efficiency tankless water heater. R38 blown in insulation. Knockdown ceiling finish. As of 12/7/ 23 seller has added brand new lighting fixtures, screened in the lanai space and landscape around the back lanai. Transferable 2-10 home buyer warranty. Cresswind is a gated 55+ Lakewood Ranch community and provides easy access to so much within the surrounding area. State of the Art Clubhouse offering an exceptional fitness facility and community room. There is an outdoor covered bar alongside the resort style pool and expansive sundeck. Multi purpose pickleball and basketball court. A wonderful place to call home!
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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%.
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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 29, 2024 | Sold | ||
| Sold | |||
| Mar 11, 2024 | In contract | - | |
| In contract | |||
| Mar 8, 2024 | Price Decreased |
$759,000
↓ $40K
(5%) | |
| Price Decreased | |||
| Feb 18, 2024 | Price Decreased |
$799,000
↓ $50K
(5.9%) | |
| Price Decreased | |||
| Nov 22, 2023 | Price Decreased |
$849,000
↓ $30K
(3.4%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017