217 S COMMON Lane
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%.
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 23, 2018 | Sold | ||
| Sold | |||
| Jun 14, 2016 | Sold | ||
| Sold | |||
| Nov 12, 2015 | Listed by MAY REAL ESTATE GROUP | $289,000 | |
| Listed by MAY REAL ESTATE GROUP | |||
| Feb 1, 2010 | Sold | ||
| Sold | |||
| Jul 6, 2009 | Listed by WATSON REALTY CORP | $249,000 | |
| Listed by WATSON REALTY CORP | |||
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!!NOT A SHORT SALE!! Golden opp to live in Palencia! Stunning Richard Doste home, located in Palencia Village. Feels larger than its 2,166 sq ft. You'll love the open floorplan, 10’ ceilings thruout. Sep LR, DR, FR + kit with breakfast bar. FR with gas fp. Spacious screened lanai with attached deck. This home has gas heat, and irrigation deep well. !!MOTIVATED SELLER!! The Palencia CDD fees for each home are comprised of two components, a capital assessment and an operating assessment. The capital assessment was fixed at the time of lot development and will remain constant until the bonds are paid off in the year 2032.
The Operating portion of the Assessment for homes behind the guard houses are $1536 annually. This is an increase of 3% from the previous year or about $40. Homes that are not behind the guard gates are slightly lower. The following are the services the CDD provides for the $1536 annual fee (which is really an HOA fee, as Palencia does not have traditional HOA fees except for a $73 dollar per month cable fee.)
1) 10 Har-tru tennis courts with lights and a full time staff or 3 professionals
2) Staffed Fitness facility with separate weight and aerobic equipment rooms. Facility also includes an aerobics room with 16 class offerings provided at NO charge, a Steam Room , Sauna and massage are also offered. (Typical massage ther
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017