3702 Stone WAY #1703
About This Property
The manager has listed the unit size as 1113 square feet.
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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 |
|---|---|---|---|
| Jul 15, 2024 | Sold | ||
| Sold | |||
| Jan 25, 2024 | Listed | $309,900 | |
| Listed | |||
| | |||
|
BEST PRICED Villa in Fountain Lakes and all of Estero. Open concept 2 bed, 2 bath with volume ceilings offers a perfect blank canvas for all your decorating ideas. Super clean, freshly painted interior, plantation shutters and new automated room darkening blinds in the master bedroom, family room, and lanai sliders. Updated master bath with walk in shower, new white cabinet with quartz counter top. Walk in master closet has built ins. HVAC and water heater 2017. New roof 2023. Newer front door. Rear eastern exposure over looks the 2nd hole of the golf course. Enjoy your morning coffee or an adult beverage in the evening while taking in the view. Newer stainless steel kitchen appliances, washer and dryer. The community offers a salt water pool, par 3 golf course, exercise room, tennis & pickle ball, billiards room and library. Active activities calendar during season. Great location close the beaches, I75, RSW airport, Coconut Point Mall, Miromar outlets, FGCU University, Hertz arena, and plenty of casual and fine dinning near by. Great Florida lifestyle at an affordable price!
| |||
| Dec 29, 2022 | No longer available | - | |
| No longer available | |||
| Dec 24, 2022 | Relisted | $334,900 | |
| Relisted | |||
| Dec 14, 2022 | No longer available | - | |
| No longer available | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/25/2024
|
2 Bed
|
2 Bath
|
1113 ft²
|
$309,900
2 Bed
2 Bath
1113 ft²
|
$302,000
-2.55%
07/15/2024
|
Shelley Millard
Realty World J. PAVICH R.E.
| |
|
10/28/2022
|
2 Bed
|
2 Bath
|
1113 ft²
|
$334,900
2 Bed
2 Bath
1113 ft²
|
-
-
|
Michele Casale
Downing Frye Realty Inc.
|
Building Info
About Estero
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