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201 ARBOR GLEN DRIVE
About This Property
Stylish wood-look luxury vinyl flooring flows throughout the home (2024), complemented by fresh interior paint (2024) and crown molding in the main living area. The kitchen was renovated in 2023 and features a new range, stainless steel hood, Bosch dishwasher (2021), granite countertops, and a spacious island with comfortable seating for four. LED recessed lighting throughout the great room, kitchen, flex room, and office can be conveniently controlled by app.
The primary bathroom was tastefully updated in 2022, while the guest bathroom was updated in 2019. Most windows have been replaced with quality double-pane insulated glass, adding to the home's comfort and efficiency.
One of the standout features is the abundance of additional living and flex space. The former 2-car garage has been converted into a spacious bonus room, private office, dedicated laundry room, and multiple storage closets - all served by central A/C. The former screened lanai has also been transformed into fully conditioned space with A/C added in 2024, creating even more room to relax, entertain, work from home, or customize to fit your needs.
Outside, enjoy a private fenced backyard with mature landscaping, deck space, and a peaceful "secret garden" feel. A nicely sized storage shed along the side of the home provides additional space for tools, lawn equipment, bikes, beach gear, and more. A front fence with double-gate access was added in 2022.
Located in the highly sought-after school zones for Palm Harbor University High, Palm Harbor Middle, and Ozona Elementary, and just minutes from vibrant downtown Palm Harbor, local restaurants, breweries, shopping, parks, medical facilities, marinas, and the Pinellas Trail. Enjoy nearby kayak access at Pop Stansell Park, boating from Sutherland Boat Ramp, and easy access to some of the area's most beautiful Gulf beaches.
With its extensive updates, flexible living spaces, beautiful presentation, and outstanding Palm Harbor location, this home offers a tremendous opportunity at an exceptional value. Schedule your showing and see for yourself!
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017