331 Cape Cod Cir #331
About This Property
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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%.
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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 |
|---|---|---|---|
| May 6, 2025 | Sold | ||
| Sold | |||
| Apr 16, 2025 | In contract | - | |
| In contract | |||
| Mar 4, 2025 | Listed by RE/MAX Direct | $100,000 | |
| Listed by RE/MAX Direct | |||
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REDUCED BELOW MARKET VALUE!!! Welcome to Covered bridge, an active adult community with single level Villa condos with wonderful amenities and neighbors! This 1 bedroom and 1 bath includes an enclosed Florida Room, hurricane panels and includes an in unit washer and dryer The perfect home for a snow bird looking to escape the cold at an affordable price or a retiree looking to live in South Florida full time. This unit comes with minimal maintenance and needs some updating but is available now and ready for you! New roof installed (2023). The community features two heated pools, tennis courts, shuffleboard, walking paths , community room and more. This unit is an amazing deal at this price so bring your offers in writing before this one is SOLD!!!
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/04/2025
|
1 Bed
|
1 Bath
|
642 ft²
|
$129,900
1 Bed
1 Bath
642 ft²
|
$87,000
-33.03%
05/06/2025
|
Deborah Carr
RE/MAX House of Real Estate
| |
|
08/30/2023
| |
1 Bed
|
1 Bath
|
642 ft²
|
$125,000
1 Bed
1 Bath
642 ft²
|
$125,000
12/06/2023
|
Hayley Albert
United Realty Group, Inc
|
Building Info
About Covered Bridge Condominiums
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017