406 Oak Heritage DRIVE
About This Property
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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 |
|---|---|---|---|
| Jun 22, 2023 | Sold | ||
| Sold | |||
| May 12, 2023 | Listed by PREMIER SOTHEBYS INTL REALTY | $499,000 | |
| Listed by PREMIER SOTHEBYS INTL REALTY | |||
| | |||
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Picturesque lake views capture your attention the moment you walk through the front door of this light and bright residence. You will appreciate the vaulted ceilings and the abundance of natural light in this versatile open floor plan. Plenty of cabinetry and counterspace adorned with quartz, along with an expansive breakfast bar and pantry, makes entertaining friends and family and meal prep a breeze. The spacious screened lanai, with access from the great room, kitchen and master suite, is perfectly placed maximizing the serene lake view to savor your morning coffee, alfresco dining, and winding down at day’s end with your libation or drink of choice. A spacious primary suite features two walk-in closets and a large en-suite bath with plenty of room for two to get ready. The popular split bedroom layout, with two additional bedrooms and a bath, assures privacy for you and your guests. The large laundry room and oversized garage allow space for your extra storage need. With its neutral color palette, this home is move-in ready to enjoy and make it your own. Hidden Lakes Club is a wonderful, gated community where residents experience an active, friendly atmosphere with a clubhouse, pool, tennis courts and basketball court. It’s just minutes to Historic Downtown Venice with its abundance of shopping, dining, cultural events, biking, hiking and pristine Gulf beaches. Look no further and start living your best life.
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| Aug 11, 2022 | No longer available | - | |
| No longer available | |||
| Jul 19, 2022 | Price Decreased |
$649,500
↓ $10K
(1.4%) | |
| Price Decreased | |||
| Jul 14, 2022 | Price Decreased |
$659,000
↓ $41K
(5.8%) | |
| Price Decreased | |||
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About Hidden Lakes Club
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$2,795 /mo
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$2,995 /mo
- 3 Beds
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017