3900 Katie Lane
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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 |
|---|---|---|---|
| Apr 1, 2021 | Sold | ||
| Sold | |||
| Sep 2, 2020 | Listed by RE/MAX Solutions | $1,045,000 | |
| Listed by RE/MAX Solutions | |||
| Oct 13, 2017 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed | $725,000 | |
| Listed | |||
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Priced $125,000 below appraised value! 3.92 Acres, No HOA, and a 10 CAR ATTACHED GARAGE in the Lake Washington area! Custom builder's private home so no expense spared or detail overlooked. 5 spacious bedrooms, 4, including master, on ground floor. Upstairs is a private suite with a balcony, bath, and large walk-in closet. Quartz countertops, extensive crown molding, tray ceilings, plantation shutters, custom window treatments, and NO carpeting! 8 seat theater room; Tornado room. Courtyard featuring waterfall, summer kitchen, in ground spa, putting green & huge covered patio. 2 A/C units new in 2015 & 2011. Recirculating HWH new in 2013. Backup natural gas generator, 300 AMP service, radiant barrier, thermal pane windows, CAT 5 wiring. A 15 minute drive to the beach! The 2-Car side garage measures 22x24. The boat garage is 22x30 and the 6-car garage is 56'8'' x 22'8''.The manager has listed the unit size as 4297 square feet.
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| Jun 1, 2017 | Listed by RE/MAX Absolute Service Team | $698,990 | |
| Listed by RE/MAX Absolute Service Team | |||
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3.92 Acres, No HOA, and a 10+ CAR ATTACHED GARAGE in the Lake Washington area! Custom builder's private home so no expense spared or detail overlooked. 5 spacious bedrooms, 4, including master, on ground floor. Upstairs is a private suite with a balcony, bath, and large walk-in closet. Quartz countertops, extensive crown molding, tray ceilings, plantation shutters, and custom window treatments! 8 seat theater room with projection & sound system; Tornado room. Courtyard featuring waterfall, summer kitchen, spa, putting green & huge covered patio. 2 A/C units new in 2015 & 2011. Recirculating HWH new in 2013. Backup natural gas generator, 300 AMP service, radiant barrier, thermal pane windows, CAT 5 wiring. One garage bay oversied for your boat or RV. A 15 minute drive to the beach beach
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About Melbourne
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Last Updated: 4 months ago
Data Source: Space Coast MLS, MLS# 884424
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