2009 Ketch CIRCLE
About This Property
Enter the home through one of two sets of sliders with "in-door" shades that open onto a spacious covered 8'x12' updated patio/porch with Trex Composite Decking, Simpson hurricane hangers, new 2x8 and 4x4 columns and support columns underneath, as well as all aluminum deck and staircase columns and railings treated to PVC Coverings for longevity and safety. Inside, you'll appreciate the beachy LifeProof Sterling Oak Luxury Vinyl Plank flooring, numerous light-filtering windows, vaulted ceilings, and neutral decor as well as the spacious bonus Florida room with newer insulation, beadboarded walls, and vinyl paneled ceiling that greets you. The remodel done in 2020 features newer "fingerprint proof" stainless steel appliances, granite countertops, a breakfast bar, and soft-close cabinets and drawers. The bedroom includes abundant built-in drawers, a mirrored sliding door closet, and a 24,000 Double Head Mitis Mini Split System replaced in 2023 to keep you cool. Additionally, the home saw some additional major updates in 2020, some of which included a new roof with a 100-year guarantee, along with new covered gutters, downspouts, and a French Drain System to divert water to the street, as well as th electrical panel which was upgraded to a new 100 AMP system, and all GFCIs and outlets were replaced. The home also features new hurricane ties for added stability, brand new CPVC piping serving the entire building from the home shutoff, and new supply lines to both the bathroom and kitchen, ensuring peace of mind for years to come.
Crystal Bay offers a wealth of amenities, including a boat dock, private boat ramp, fishing pier with running water, shuffleboard court, heated community pool, and community barbecue grills on the water. There are two clubhouses that host numerous social activities such as boat outings, game nights, holiday celebrations, dinners, dancing, and even pancake breakfasts. All of this, plus water, sewer, trash, lawn care, and an Escrow Reserve fund, is included for the low fee of $190 a month!
The community is minutes from the Gulf beaches and downtown areas of Palm Harbor, Tarpon Springs, and Safety Harbor, all of which boast a wealth of shops, restaurants, breweries, and entertainment options, including plenty of yearly festivals and events. Don't miss out on this unique listing!
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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 |
|---|---|---|---|
| Jul 1, 2024 | Sold | ||
| Sold | |||
| Jun 4, 2024 | In contract | - | |
| In contract | |||
| May 28, 2024 | Listed by KELLER WILLIAMS GULF BEACHES | $180,000 | |
| Listed by KELLER WILLIAMS GULF BEACHES | |||
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About Crystal Bay Travel Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017