231 ALERTO Street
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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.
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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 8, 2023 | Sold | ||
| Sold | |||
| Sep 7, 2023 | Listed by COLDWELL BANKER PREMIER PROPERTIES | $1,299,000 | |
| Listed by COLDWELL BANKER PREMIER PROPERTIES | |||
| Apr 19, 2022 | Listed by COLDWELL BANKER PREMIER PROPERTIES | $1,300,000 | |
| Listed by COLDWELL BANKER PREMIER PROPERTIES | |||
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Unbelievable unobstructed views of the Lighthouse from this well cared for marsh front home. Nestled in a hidden part of Davis Shores, but a quick walk, bike, or golf cart ride to downtown, local restaurants, Anastasia State Park, or St Augustine Amphitheatre for concerts or the weekly farmer's market. The Alligator Farm's Natural Bird Rookery is your front yard. Watch Roseate Spoonbills relax in the marsh daily and an amazing bird show everyday from any floor's balconies or living rooms. As you enter the home take a quick right and the party begins, a handcrafted unique bar adorned with pictures of local establishments, game room and tv's greet you. Take the elevator or stairs up to the second floor living area to find the remodeled kitchen, new appliances, 2 bedrooms, and a comfortable living area overlooking the pool and marsh. Venture to the third floor to watch the amazing sunsets, and find 3 more bedrooms, a living room, with a mini kitchen and the best views of the Lighthouse,downtown intracoastal, and a peak of the cross from the 3rd floor balcony. This well maintained home has new gutters, roof 2017, new exterior paint, heated pool has been modernized & resurfaced, master showers updated, tile throughout second floor, newer Appliances, outdoor mini kitchen with gorgeous granite bar, and so many tv's throughout the house you will never miss a game! The home has never been used as a vacation rental but is zoned for 1 week rentals. Living in this home is like a never ending vacation. The third floor can be self contained and used as a mother in law suite or a private escape from the downstairs living. All furniture can remain with the home or be moved. Don't miss Paradise!! Owner is a licensed real estate agent.
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| Apr 23, 2018 | Sold | ||
| Sold | |||
| Jan 17, 2018 | Listed by COLDWELL BANKER PREMIER PROPERTIES | $609,000 | |
| Listed by COLDWELL BANKER PREMIER PROPERTIES | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017