316 STOKES CREEK Drive
About This Property
The Operating portion of the Assessment for homes behind the guard houses are $1536 annually. This is an increase of 3% from the previous year or about $40. The following are the services the CDD provides for the $1536 annual fee (which is really an HOA fee, as Palencia does not have traditional HOA fees)
1) 10 Har-tru tennis courts with lights and a full time staff or 3 professionals
2) Staffed Fitness facility with separate weight and aerobic equipment rooms. Facility also includes an aerobics room with 16 class offerings provided at NO charge, a Steam Room , Sauna and massage are also offered. (Typical massage therapist fee would apply)
3) Child watch is presently provided for fitness and tennis programs at no charge
4) Poo
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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 |
|---|---|---|---|
| Jul 20, 2012 | Sold | ||
| Sold | |||
| Feb 13, 2012 | Listed by WATSON REALTY CORP | $379,900 | |
| Listed by WATSON REALTY CORP | |||
| May 1, 2009 | Listed by WATSON REALTY CORP | $424,900 | |
| Listed by WATSON REALTY CORP | |||
| Mar 19, 2009 | Listed by WATSON REALTY CORP | $447,770 | |
| Listed by WATSON REALTY CORP | |||
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***PRICED TO SELL QUICKLY*** You will be impressed from the moment you enter the foyer with the unobstructed view of the heated pool, spa and the preserve in the background. Plantation shutters, gourmet kitchen with food prep island. Very impressive home with many upgrades throughout. Split plan. Formal dining and living areas and fire place. Bonus Rm
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| Dec 11, 2002 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017