2815 Three Way Road
About This Property
This property has a well and septic (not warranted) and dozens of beautiful hardwood trees that will surround your dream home!
Location is just off of Hwy 20 offering privacy and gorgeous views of this crystal clear lake. Topography includes a steep incline down to the Lake, and property extends out aproximately 1 acre into the lake. Property is accessed by non-paved road, but suitable for most cars. Seller has survey and is motivated to move this land! Go and show - sign on property - wear good shoes! Check out our drone video in photos.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 18, 2023 | Sold | ||
| Sold | |||
| Aug 5, 2023 | No longer available | - | |
| No longer available | |||
| May 19, 2023 | Listed by Full Sail Realty of NWFL | $125,000 | |
| Listed by Full Sail Realty of NWFL | |||
| Jun 13, 2022 | Price Decreased |
$149,900
↓ $39K
(20.7%) | |
| Price Decreased | |||
| Feb 4, 2022 | Listed by The Naumann Group Real Estate, Inc | $189,000 | |
| Listed by The Naumann Group Real Estate, Inc | |||
| | |||
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Beautiful large lot backs to a lake. Make offer, seller motivated. No HOA
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017