Manatee
3125 N Rye Rd
$310,000
●
Land -
Off Market
3125 N Rye Rd
PARRISH, FL 34219
Studio
0 Bath
$384,944
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model
About This Property
Fantastic opportunity available for this 10 acre parcel off of Rye
Road! Located down a long driveway, this property is tucked
away from the road noise. A large space on the property has
been cleared for your future dream home. Several beautiful
trees have been left around the building site to provide shade and
enjoyment. The site has been leveled, cleared, and is
completely ready to go. Also on the property is a nice sized
deep pond. On the backside of the property there is a nature
trail. The possibilities are endless, and the site is even
zoned for horses.
Unit Size
-
Days on Market
70 days
Land Size
10.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$167
HOA Dues
-
Year Built
-
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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 #A4497277)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 20, 2023 | No longer available | - | |
| No longer available | |||
| Nov 18, 2023 | Relisted | $625,000 | |
| Relisted | |||
| Apr 7, 2023 | Listed by Michael Saunders & Company | $625,000 | |
| Listed by Michael Saunders & Company | |||
| | |||
|
Hidden Parrish Gem! There are not many 10-acre parcels with options to potentially build your single-family home, potentially develop several residences, or potentially develop fully to 3 homes per acre, as future-use zoning is UF-3. The acreage sits between property that is already fully developed and a new housing development and a boasts an elevated homesite, surrounded by large oaks and overlooking neighboring preserve and pond. Some perimeter wetland provides privacy on the south and west side. Property has a half-acre pond, the perimeter is fenced, and high and dry pasture makes this ideal for a retreat that is convenient to 301 and 64, schools, and shopping. Environmental report with wetland mapping is available upon request.
| |||
| Feb 2, 2022 | No longer available | - | |
| No longer available | |||
| Oct 12, 2021 | Price Decreased |
$699,999
↓ $50K
(6.7%) | |
| Price Decreased | |||
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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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HOA + Taxes
About Manatee
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Listed by: Jennifer Ford
HORIZON REALTY INTERNATIONAL
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# A4497277
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.
HORIZON REALTY INTERNATIONAL
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# A4497277
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