20 PALMER SQ
About This Property
Making your way upstairs will bring you into the large family room with vaulted ceilings and large window to look out into the neighborhood. The dining room (currently used as a sitting room/office) is located right off the family room and kitchen. A perfect place to gather with new friends and family. The recently updated kitchen has newer flooring (2024) and refinished cabinets (2022), as well as newer stainless steel appliances (2022) and pantry. Off the kitchen is the den (currently used as a dining area) with vaulted ceilings and lots of natural light with a sliding door accessing the deck. Take in a beautiful summer day or an evening catching up with friends, while relaxing on the back deck. The master bedroom - also with vaulted ceilings, a walk in closet with pull down attic access and full bathroom with double sinks and tub/shower combo - is located off the den, while the second bedroom with walk in closet is located off the family room. Finishing off this lovely condo is another full bath off the hallway. If you are looking for storage... the one car garage with interior access allows for one car and additional storage space for all your belongings. Silver Park residents enjoy a low-maintenance lifestyle thanks to the HOA that takes care of landscaping, amenities and common area of maintenance, snow removal, exterior building maintenance (roof and siding) and much more. If you want to travel in your retirement years, you can just close the door and go with no concerns! Located close to all major highways and shopping, and Downtown Philadelphia is only 30 minutes away, you'll always be within easy reach of daily needs and fun opportunities. New HVAC installed 2017/2018. If you are ready for easy living, make your appointment today to see this lovely condo which is ready for you to call it home.
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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 |
|---|---|---|---|
| Nov 15, 2024 | Sold | ||
| Sold | |||
| Sep 16, 2024 | In contract | - | |
| In contract | |||
| Aug 30, 2024 | Price Decreased |
$244,900
↓ $5K
(2%) | |
| Price Decreased | |||
| Aug 5, 2024 | Price Decreased |
$249,900
↓ $5K
(2%) | |
| Price Decreased | |||
| Jul 18, 2024 | Price Decreased |
$254,900
↓ $4K
(1.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017