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2348 Timberline Drive
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 |
|---|---|---|---|
| Jun 14, 2024 | Sold | ||
| Sold | |||
| May 13, 2024 | In contract | - | |
| In contract | |||
| May 7, 2024 | Relisted | $470,000 | |
| Relisted | |||
| Apr 27, 2024 | In contract | - | |
| In contract | |||
| Apr 22, 2024 | Listed by RE/MAX Solutions | $758,900 | |
| Listed by RE/MAX Solutions | |||
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Sure to please the most discriminating buyers! This luxurious Country Craftsman home sits on 1-acre of manicured lawn and majestic oaks, giving the impression of rural living while being conveniently situated in the heart of Melbourne. Step inside to discover high-end touches throughout, including a gourmet kitchen with all new stainless appliances, waterfall granite countertops, and wine fridge. The oversized master bedroom boasts a large walk-in closet and an opulent wet-room bathroom that dreams are made of. No detail has been overlooked in this meticulously renovated home, with recent updates including a newer AC, new roof, updated flooring, water heater, electrical, plumbing and so much more. Outside, you'll find a spacious yard with an upstairs deck and a brand-new paver patio with a built-in firepit, perfect for outdoor entertaining. There is also a 12x14 storage shed wired with electric for added convenience. Located in a rare, beautifully maintained neighborhood with no HOA!
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About Timberline Estates
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Last Updated: 2 months ago
Data Source: Space Coast MLS, MLS# 958108
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017