38 LITKE Lane
About This Property
Upstairs, you'll find a large loft, two additional bedrooms, a full bath, and a generous storage closet. Enjoy added peace of mind with a whole-house generator, ensuring uninterrupted comfort during power outages. Additional highlights include a 3-car tandem garage, low HOA fees, and a peaceful backyard backing to a wooded preserve, offering privacy and tranquil views.
Ideally located just 10-15 minutes from historic downtown St. Augustine, area beaches, shopping, dining, and entertainment, this home combines modern convenience, reliable functionality, and a desirable location in one exceptional package.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 12, 2026 | Sold | ||
| Sold | |||
| Jul 11, 2026 | In contract | - | |
| In contract | |||
| Jun 5, 2026 | Price Decreased |
$374,900
↓ $20K
(5.1%) | |
| Price Decreased | |||
| Apr 3, 2026 | Price Decreased |
$394,999
↓ $5K
(1.3%) | |
| Price Decreased | |||
| Dec 1, 2025 | Price Decreased |
$399,999
↓ $10K
(2.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017