2419 ORMSBY Circle E
About This Property
Welcome to your serene escape on Cedar River, tucked away on a nice quiet street where neighbors cherish both privacy and a sense of community. This four-bedroom, three-bathroom home offers spacious living areas with breathtaking waterfront views through large panoramic windows that span across the home. The extra large primary suite and the smaller ensuite both have the same picturesque views of the river. Stepping out back is magical! Each room on the riverside, has a door with its owns semi-private covered porch to sit and soak up the beauty, while reading a book or sipping on your morning coffee. This home offers direct access to the river via your private covered boat dock. The dock comes with brand new deck boards, a 14000 lb capacity boat lift, and a separate 2000 lb jet ski lift.
***Never Flooded*** No flood insurance required. Rest easy knowing your home is outside the flood zone. Located only a five minute boat ride to downtown Jax and a five minute drive to the Shoppes of Avondale.
Updates include: Newer HVAC (2023), garbage disposal (2023), electrical panel and electrical (2022), water heater (2022), GAF shingle roof (2021), Energy star refrigerator (2020), Septic pumped and inspected and new PVC drain line pipe and clean out installed (2020), remote control Liftmaster dual driveway gates (2017), new vinyl windows (2013), Murphy bed with built in office in 4th bedroom.
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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 |
|---|---|---|---|
| Oct 28, 2024 | Sold | ||
| Sold | |||
| Oct 6, 2024 | In contract | - | |
| In contract | |||
| Sep 20, 2024 | Price Increased |
$649,000
↑ $229K
(54.5%) | |
| Price Increased | |||
| Jul 14, 2024 | Relisted | $420,000 | |
| Relisted | |||
| Jul 5, 2024 | In contract | - | |
| In contract | |||
Property Highlights
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About Southwest Jacksonville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017