33
Map
3564 Magellan Circle #2121
About This Property
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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.
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 |
|---|---|---|---|
| Feb 2, 2024 | Sold | ||
| Sold | |||
| Jan 7, 2024 | In contract | - | |
| In contract | |||
| Dec 15, 2023 | Listed by Century 21 Tenace Realty Inc | $394,900 | |
| Listed by Century 21 Tenace Realty Inc | |||
| | |||
|
Located in the heart of Aventura. First-floor unit in a gated waterfront community with a 24-hour manned gate. Updated unit: bathroom and kitchen updated, water heater 2021, A/C 2017, Appliances 2018, electric panel 2017, the unit has Accordion shutters and impact door. Create your own beautiful garden of the primary suite or make it into an office. Enjoy the screened patio in the back with a peaceful garden view. Assessment paid off by seller includes Stucco 2019, Painting exterior 2019 Roof 2019. A-rated elementary and B-rated middle school. Access to waterways marina in walking distance with shops and dining and a gorgeous water view. Close to Brightline station and Aventura Mall for great shopping and dining. Easy to show just 1 call.
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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 |
|---|---|---|---|---|---|---|---|
|
12/15/2023
|
2 Bed
|
2 Bath
|
1096 ft²
|
$394,900
2 Bed
2 Bath
1096 ft²
|
$388,800
-1.54%
02/02/2024
|
Ana Gonzalez
The Valenzuela Real Estate Group
| |
|
07/19/2019
|
1 Bed
|
2 Bath
|
-
|
$199,900
1 Bed
2 Bath
|
-
-
|
Milton R Andrade
Compass Florida, LLC
|
Building Info
About Aventura
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017