1916 Ripon DRIVE
About This Property
Bring the family and enjoy! Perfectly poised on a lovely tree-shaded corner lot, this 3-bedroom, 2-bath home awaits the family who wants to enjoy the best Florida lifestyle. The property's convenient Clearwater location facilitates easy access to award-winning beaches and professional sports venues, as well as the quaint towns of Dunedin and Tarpon Springs. Reflecting pride of ownership along every street, this well-established family-friendly community offers a neighborhood park and bike trail and is within close proximity to choice schools. Inside the 1,836 square foot layout is an open plan that flows effortlessly between rooms creating a relaxed ambiance that encourages friendly get togethers. The sun-dappled living room features a large bay window while a brick fireplace, beamed ceiling and a wood floor add warmth and character to the family room. Glass doors open the family room to a light and bright Florida room where you can curl up with a good book or host family game night. Just outside is a breezy patio area surrounded by a lushly landscaped backyard punctuated with mature plantings and fenced for maximum privacy. Principal spaces are easily served by the generously-sized kitchen which is outfitted with beautiful wood cabinetry, stainless steel appliances and ample work and counter space. The spacious master suite offers storage galore with three closets-including one that is a walk-in. The remaining two bedrooms are also well-sized. Additional notable features include a 2-car garage, new air conditioning unit in 2018 and a new roof this year.
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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 |
|---|---|---|---|
| Dec 29, 2021 | Sold | ||
| Sold | |||
| Dec 15, 2021 | No longer available | - | |
| No longer available | |||
| Dec 4, 2021 | Listed by RE/MAX ACTION FIRST OF FLORIDA | $385,000 | |
| Listed by RE/MAX ACTION FIRST OF FLORIDA | |||
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About Clearwater
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017