208 SOMERSET Court
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 2, 2023 | Sold | ||
| Sold | |||
| May 18, 2023 | Listed by RE/MAX UNLIMITED | $835,000 | |
| Listed by RE/MAX UNLIMITED | |||
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Beautifully, updated home on the intercostal waterway. Breathtaking sunsets. High end granite counters, solid wood ''Smith Cabinets'' full house water filtration system, reverse osmosis drinking water, ''Dan's Fans'' throughout the house, high end tile throughout the house. Concrete block construction, hurricane covers for windows and doors, spacious outdoor deck and a private tiki hut which overlooks the intercostal waterway. The association includes: Pool, tennis/pickle ball court, club house, separate beach cabana on the beach complete with a restroom, and stairs to the beach. Maintenance includes: Grass cutting, watering, annual mulching and tree trimming of front yard palm trees. There has been no flooding during any of the hurricanes. New roof July 2023. It is a 4 minute walk to the ocean via the Beach Cabana for the Beachwalk community. The homes private Tiki hut offers breathtaking view of the sunsets and birds. The community is 10 minutes from historical downtown Saint Augustine and is a quick drive to the Jacksonville or Saint Augustine airports, shopping and medical facilities.
Excludes: TV in living room and wine refrigerator. This property has an assumable Flood Insurance policy which runs approximately $625 per/year. Minimum rental period is 181 days.
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| Sep 12, 2022 | Listed by ENDLESS SUMMER REALTY | $795,000 | |
| Listed by ENDLESS SUMMER REALTY | |||
| Apr 29, 2022 | Listed by RE/MAX UNLIMITED | $795,000 | |
| Listed by RE/MAX UNLIMITED | |||
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This is the best view you are going to find of the marsh & intercostal waterway at any price. The photos do not do it justice. Outstanding sunsets which you can view from the tiki hut or the spacious patio. Totally updated home with high end amentities throughout. Includes: private tiki hut, granite counters, and stone/tile floors, water filtration systems, gas stove (propane), heated towel bar in master bath, ceiling fans, wood cabinets with soft closing doors, outside shower, gardening station with sink, hurricane window covers and is only a 4 min. walk to the beach. Low HOA fees of $225 per/month which includes, lawn maintenance & watering, pool, tennis/pickle ball court, club house, beach cabana and private access to the beach. Only 15 min. to downtown St Augustine. Live the dream. One level home. Private Sunset Viewings available. Call for an appointment. The home has been totally updated, floors, ceilings, kitchen, bath rooms, electrical, plumbing. Has outdoor shower, gardening station, large deck, patio and tiki hut. High end Dan's fans throughout house and tiki hut. It has a water softener, full house water filtration system and a separate reverse osmosis system for drinking water.
The home is a Block home.
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| Sep 5, 2018 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017