2999 Butternut Lane
About This Property
4 bed 2 1/2 bath corner lot home is perfect for a first time home buyer. Detached home with fenced yard and 2 car garage for growing family. Fenced yard for pets. Asssociation allows up to 5 pets. Only one owner for last 4 years. 4 parks, walking trails and dog paths. Community pool and gym. This gated community is right off Military trail. Great location. Close to PBI, VA, downtown West Palm and Jupiter.
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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 |
|---|---|---|---|
| Jan 15, 2025 | Sold | ||
| Sold | |||
| Dec 20, 2024 | In contract | - | |
| In contract | |||
| Nov 19, 2024 | Relisted | $497,000 | |
| Relisted | |||
| Nov 7, 2024 | In contract | - | |
| In contract | |||
| Jul 21, 2024 | Listed by Atlantic Shores ERA Powered | $497,000 | |
| Listed by Atlantic Shores ERA Powered | |||
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Assumable mortgage at 3.5% for buyer that plans on it being a primary residence. 4 bed 2 1/2 bath corner lot home is perfect for a first time home buyer. Detached home with fenced yard and 2 car garage for growing family. Fenced yard for pets. Asssociation allows up to 5 pets. Only one owner for last 4 years. 4 parks, walking trails and dog paths. Community pool and gym. This gated community is right off Military trail. Great location. Close to PBI, VA, downtown West Palm and Jupiter.
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About Woods Edge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017