356 SOPHIA Terrace
About This Property
The gourmet kitchen offers a 4 burner gas cooktop, granite countertops, walk in pantry, food prep island, and all stainless steel appliances. The family room is just off the kitchen with a tiled gas burning fireplace and wired ceilings for surround sound. The substantial first floor master suite offers a restful sitting area surrounded by windows, private access to the lanai and 2 separate walk in closets with custom shelving. Roof and AC are 2 years new! The master bath includes a large Jacuzzi tub, his and hers vanities and a separate walk in shower. A formal living/dining room, guest suite with private bath, utility room as well as an office space complete the downstairs of this home. On the second floor there are two additional bedrooms and 2 baths. One of the bedrooms has its own private bath. Additionally, there is a spacious media/bonus room, wired for sound that would make a perfect space for a home theatre, game area, teenager retreat or private guest quarters. The room also features a wet bar and glass doors leading out to a gracious balcony overlooking the preserve and golf course beyond. Neighborhood amenities include a state of the art fitness center, clay tennis and pickle ball courts, community pools with awesome slides for kids and separate pool with lap lanes, jogging paths, forested wooden walkways, and boardwalk to the Intracoastal and fishing pier. Palencia also boasts fifteen parks and an Arthur Hills championship golf course. The neighborhood also has a new Publix shopping center, thriving town square with shops, a community playground, baseball and soccer fields, basketball courts and a pavilion for picnics by the lake. Zoned for A Rated schools this home will bring family-friendly fun for years to come. Great opportunity to own a large home on a mature private lot in a thriving community!
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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 |
|---|---|---|---|
| Sep 3, 2021 | Sold | ||
| Sold | |||
| Jun 18, 2021 | Listed by RE/MAX UNLIMITED | $835,000 | |
| Listed by RE/MAX UNLIMITED | |||
| Aug 25, 2011 | Sold | ||
| Sold | |||
| Aug 22, 2010 | Listed by RE/MAX UNLIMITED | $634,900 | |
| Listed by RE/MAX UNLIMITED | |||
| Apr 6, 2007 | Listed by WATSON REALTY CORP | $924,900 | |
| Listed by WATSON REALTY CORP | |||
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Lovely Palencia traditional home with large screened lanai overlooking conservation area & golf view. 4BR/4BA, office/study, Billiard Room with wet bar. Tile & hardwood floors, Gas range & fireplace. Glamor MBA & large MBR w/sitting area. AHS Home Warranty.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017