$53,000
●
Land -
Off Market
2821 Knudsen DRIVE
SANFORD, FL 32773
Studio
0 Bath
$324
Est. Monthly
26.15%
Cap Rate
About This Property
Here's the chance to build your DREAM HOME in an ideal location!
This quiet neighborhood offers a serene living environment with
modern convenience at your fingertips and NO HOA. The electric
connection is on the corner of the lot, septic will be needed, and
the well has already been drilled. Zoned for manufactured and
single-family homes, a mobile home would need to be approved
through the City of Sanford. The property backs up to railroad
tracks, but only four businesses still utilize the tracks, ensuring
minimal disruption. The lot to the south is all wetlands, a minor
amount encroaching onto this parcel, preserving your space and
privacy. Enjoy easy access to major highways, downtown Sanford,
Lake Monroe and the Riverwalk, Seminole Community College, and
Sanford International Airport. Plus, there are plenty of great
local shopping and dining options nearby. Boasting over 1/3 of an
acre, you've got plenty of room to enjoy. Get those blueprints
ready-you've been waiting for the perfect spot to build on, and
this is it!
Unit Size
-
Days on Market
58 days
Land Size
0.38 acres
Price per sqft
-
Property Type
Land
Property Taxes
$54
HOA Dues
-
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 years ago (Stellar MLS #O6219354)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 30, 2024 | Sold | ||
| Sold | |||
| Jul 20, 2024 | In contract | - | |
| In contract | |||
| Jul 3, 2024 | Listed by RE/MAX 200 REALTY | $54,900 | |
| Listed by RE/MAX 200 REALTY | |||
| Nov 3, 2022 | No longer available | - | |
| No longer available | |||
| Jul 23, 2022 | Listed by RE/MAX 200 REALTY | $54,900 | |
| Listed by RE/MAX 200 REALTY | |||
| | |||
|
Here’s the chance to build your DREAM HOME in an ideal location! This quiet neighborhood offers up a serene living environment, with modern convenience at your fingertips and NO HOA. The stem wall is already in place, electric connection is on corner of lot, septic will be needed, well has been drilled - you'll just need to have a pump, pressure tank and water filtration system installed. Zoned for manufactured and single family homes, a mobile home would need to be approved through a variance with the City of Sanford. Backs up to railroad tracks, but only four businesses still utilize the tracks; so the train traffic is minimal. The lot to the south is all wetlands with only a minor amount encroaching on to this parcel. Easy access to major highways, downtown Sanford, Lake Monroe and the Riverwalk, Seminole Community College and Sanford International Airport along with plenty of great local shopping and dining options. Boasting over 1/3 of an acre, you’ve got plenty of room to enjoy. Get those blueprints ready, you’ve been waiting for the perfect spot to build on, this is it!
| |||
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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About Sanford
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Listed by: Abby Nelson
RE/MAX 200 REALTY
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# O6219354
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
RE/MAX 200 REALTY
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# O6219354
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