324 Pine Ridge Circle #APTC1
About This Property
Property being sold ''As Is'' & subject to 24 CFR 206.125; It's encouraged that offers include proof of funds (if cash) or a Pre-approval (if financed). This is a requirement for seller's final acceptance. Although a FNMA property, it DOES NOT qualify for HomePath Mortgage or Renovation Financing programs.(Please see supplemental remarks) This is a FHA reverse mortgage product, which must be sold subject to 24 CFR 206.125.
*The home cannot be sold for less than the current ''AS-IS'' appraised value (the current list price) as established by an FHA Roster Appraiser, without HUD's express authorization.
*Under 24 CFR 206.125 (a) the lender that now owns the house isn't going to make any repairs unless they are required by local law or HUD standards for HUD-insured properties, and (b) the property cannot be sold to a buyer that has a family, ownership, employment or other relationship with the lender.
The seller will not be responsible for the cost of turning utilities on for buyer inspections and/or appraisal. No mailbox, pool or garage keys are given at closing. Buyer is responsible for any association docs.
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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 |
|---|---|---|---|
| Jul 31, 2014 | Sold | ||
| Sold | |||
| Nov 7, 2013 | Listed by Joe Sauter Realty A Name You | $39,000 | |
| Listed by Joe Sauter Realty A Name You | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/05/2024
|
2 Bed
|
1 Bath
|
935 ft²
|
$149,500
2 Bed
1 Bath
935 ft²
|
$150,000
+0.33%
09/06/2024
|
Ginette S Pesant
LAER Realty Partners Bowen/Delray Beach
| |
|
01/18/2024
|
2 Bed
|
1.5 Bath
|
935 ft²
|
$188,888
2 Bed
1.5 Bath
935 ft²
|
-
-
|
Jessica Hollins
Continental Properties, Inc.
| |
|
10/18/2022
|
2 Bed
|
1 Bath
|
935 ft²
|
$195,000
2 Bed
1 Bath
935 ft²
|
$192,000
-1.54%
04/26/2023
|
Madeline Noguera
Prestige Real Estate & Invest
| |
|
01/28/2019
|
2 Bed
|
1 Bath
|
935 ft²
|
$95,000
2 Bed
1 Bath
935 ft²
|
$92,000
-3.16%
03/15/2019
|
Lorena Fuentes
CGI Realty
| |
|
01/28/2017
|
2 Bed
|
1 Bath
|
819 ft²
|
$59,800
2 Bed
1 Bath
819 ft²
|
$53,000
-11.37%
05/03/2017
|
Daurice Coleman
Signature International RE,LLC
| |
|
11/20/2014
|
2 Bed
|
1 Bath
|
1043 ft²
|
$49,900
2 Bed
1 Bath
1043 ft²
|
$44,000
-11.82%
03/05/2015
|
James Viscome
Your Home Sold Guaranteed Realty Services
| |
|
11/07/2013
|
2 Bed
|
1 Bath
|
819 ft²
|
$39,000
2 Bed
1 Bath
819 ft²
|
$39,000
07/31/2014
|
Joe Sauter
Joe Sauter Realty "A Name You
| |
|
06/18/2013
|
2 Bed
|
1 Bath
|
819 ft²
|
$52,500
2 Bed
1 Bath
819 ft²
|
$49,000
-6.67%
06/09/2014
|
Cheryl A Speziale
CENTURY 21 Tenace Realty
|
Building Info
About Chelsea Commons
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$2,200 /mo
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- 1 Bath
- 920 ft²
$2,250 /mo
- 3 Beds
- 2 Baths
- 1,050 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017