Welcome to 249 Otero, your future retreat in Palencia! This
spacious home is at the end of a quiet street behind the gates of
the exclusive master planned community. There is a pond just
outside the fenced yard providing nature watching. The
floorpan has a good flow and great entertaining space with triple
sliders opening from the large living room to the screened porch.
The Primary Bedroom overlooks the back yard and preserve
while the other two bedrooms downstairs flank a bonus room, all
with views of the pond. Tucked away upstairs is the fourth
bedroom, almost as large as the primary with an en suite and large
walk in closet.
The amenities of Palencia give the feel of living at a resort.
There are multiple pools, tennis, pickleball, athletic
fields, a fitness center, golf course, trail, playgrounds,
restaurants, shops, a boardwalk & fishing piers along the
intracoastal.
Like the neighborhood, this home effortlessly combines comfort,
privacy, & the luxury Florida lifestyle
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.
HOA/Condo/Coop Amenities: Pool, Barbecue, Basketball Court, Clubhouse, Dog Park, Fitness Center, Gated, Golf Course, Jogging Path, Maintenance Grounds, Park, Playground, Sauna, Security, Spa/Hot Tub, Tennis Court(s), Children's Pool, Pickleball
HOA Fee: $130
HOA Fee Frequency: Annually
Building Info
Overview
General
Year Built:
2017
Effective Year Built:
2017
Building Count:
1
Bedroom Count:
4
Bathroom Count:
3
Full Bathrooms:
3
Partial Bathrooms:
3
Bathroom Plumbing Fixtures:
14
Building Condition:
3
Building Quality:
4
Construction Type:
17
Building Style:
0
Exterior Walls Type:
6
Interior Walls Type:
3
Roof Shape Type:
7
Roof Cover Type:
3
Floor Count:
100
Floor Cover:
9
Basement Type:
0
Basement Area:
0
Garage Type:
1
Garage Square Area:
476
Parking Space Count:
2
Patio Type:
0
Porch Type:
125
Pool Type:
0
Dimensions
Lot Size Square Feet:
8,276
Total Building Area:
3,003
Gross Building Area:
3,163
Building Area:
2,527
Building Area Measurement:
L
Heating and Cooling
Air Conditioning:
1
Heating:
4
Heated Square Feet:
2,527
Heating Fuel Type:
0
Utilities
Sewer System:
0
Water Service:
0
Building
Building Type:
0
Property Class:
R
Subdivision:
PALENCIA NORTH PHASE III B
Land Acres:
0000000190
Standard Land Use Code:
1001
County Land Use Code:
0100
Legal Description 1:
81/28-35 PALENCIA NORTH PHASE III B LOT 391 OR4764/278 & 4926/1461
Neighborhood
School District Name:
St. Johns County School District
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