336 Orange Way
About This Property
Located in the highly desirable ''So-So'' neighborhood. This 4 bedroom, 2 bath home has been meticulously renovated and lovingly maintained. Renovations include; fully refinished kitchen, breakfast nook, both bathrooms and laundry room. The roof, air conditioner and main electrical panel were replaced in 2014, providing for many years of worry free living. Situated on a large lot, the rear of the property is fully fenced in with ample room for a pool. Location says it all and this home has it; 10 minutes to the beach, located in an A-rated school district (elementary), just south of downtown West Palm Beach, a short drive to the airport, the Palm Beach Zoo and Science Center, and many other amenities, all just a short drive from home. For the fisherman, just a block away is the C-51 spillway where you can find some world class freshwater fishing. This home has so much to offer and will not last long.
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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.
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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 |
|---|---|---|---|
| Nov 3, 2023 | Sold | ||
| Sold | |||
| Aug 4, 2023 | Listed by Brown Harris Stevens of PB | $849,000 | |
| Listed by Brown Harris Stevens of PB | |||
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Nestled on a quiet street, south of Southern Blvd. and east of Dixie Highway rests the charming 3 bedroom, 2 bathroom home with a BONUS office/ gym, art studio or even nursery. Boasting a large living room adjacent to a massive eat-in-kitchen and dining room, this home is move-in-ready. Originally built in 1950, this quaint home has ample storage space and a lovely laundry room. Fully fenced backyard with plenty of room for a swimming pool. Located in close proximity to Flagler Drive bike path, the Intracoastal waterway, area beaches, fabulous restaurants/ shopping, I-95, PBI Airport and much more. *In the South Olive Elementary school district.
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| Jun 27, 2023 | No longer available | - | |
| No longer available | |||
| May 19, 2023 | Price Decreased |
$875,000
↓ $34K
(3.7%) | |
| Price Decreased | |||
| Apr 1, 2023 | Listed by Century 21 America's Choice/WPB | $909,000 | |
| Listed by Century 21 America's Choice/WPB | |||
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About Homewood
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Century 21 America's Choice/WPB
Last Updated: 4 months ago
Data Source: Beaches MLS, MLS# R10675620
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