39
Map
18498 E Covington Trace
About This Property
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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.
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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 |
|---|---|---|---|
| Jun 7, 2024 | Sold | ||
| Sold | |||
| Apr 17, 2024 | Listed by The Keyes Company | $700,000 | |
| Listed by The Keyes Company | |||
| | |||
|
Nestled on a picturesque corner lot in Pelican Cay-Lakes at Boca Raton, this beautiful property offers views of the serene lake and lush yard. Expansive backyard, wi/ pavered deck and room for a pool. Inside, the home has been tastefully upgraded. Lots of natural light! Discover a gourmet kitchen featuring two tone cabinets, granite countertops, and stainless steel appliances. Large loft area offers the possibility of transforming into a 4TH bedroom to suit your lifestyle needs. Hurricane French sliding doors in the dining room. Concrete floors on 1st floor. Carpet just replaced on stairs and upstairs hallway. Interior laundry room. Lakes At Boca Raton has tennis, Junior Olympic sized pool, pickleball, basketball, soccer, and fitness center. Low HOA fee. Best ''A'' rated schools!! Rarely available almost 2700 sq ft home in Lakes at Boca Raton. This spacious property has only one neighbor for ultimate privacy. Spacious yard and lake view.
The loft area is easily converted to a 4th bedroom by adding doors to complete the room. If you prefer an upstairs entertainment area or office, it's great for that too!
Hurry, this is an opportunity you don't want to miss!
All figures approx and not warranted.
| |||
| Dec 18, 2017 | Sold | ||
| Sold | |||
| Jul 23, 2017 | Listed by Century Village Real Estate, | $428,800 | |
| Listed by Century Village Real Estate, | |||
| Jun 20, 1994 | Sold | ||
| Sold | |||
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About Lakes at Boca Raton
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017