407 ARDILA Circle
About This Property
Don't miss this second chance to own this beautiful 2024 home in the highly desirable Entrada community. The previous buyer successfully obtained short sale approval from the lender but ultimately terminated the contract for reasons unrelated to the property. To the seller's knowledge, there are no known issues with the home, which remains within the builder's warranty.. Offering 4 bedrooms, 2 bathrooms, and 1,488 square feet of thoughtfully designed living space, this home provides an excellent opportunity to own a newer construction home in one of St. Augustine's most sought-after communities and highly rated school districts at an exceptional value.While the home is nearly new, it could benefit from minor interior cosmetic touch-ups and some landscaping to restore its full curb appeal. Whether you are a first-time homebuyer, an investor, or simply looking to build instant sweat equity, this property presents outstanding potential. This is a short sale and is subject to final lender approval. The lender has already approved the previous contract, which may help streamline the approval process for a new qualified buyer, although a new approval will still be required.
The property is being sold As-Is. The seller makes no warranties or representations, expressed or implied, regarding the condition of the property. Buyers are encouraged to conduct all desired inspections and independently verify all information, including square footage, measurements, HOA information, and school assignments.
This is an outstanding opportunity to purchase a newer home in St. Augustine at an affordable price. Schedule your showing today.
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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 |
|---|---|---|---|
| Sep 16, 2026 | Price Increased |
$305,000
↑ $5K
(1.7%) | |
| Price Increased | |||
| Aug 24, 2026 | In contract | - | |
| In contract | |||
| Aug 6, 2026 | Relisted | $300,000 | |
| Relisted | |||
| Aug 3, 2026 | In contract | - | |
| In contract | |||
| Jul 7, 2026 | Relisted | $300,000 | |
| Relisted | |||
Property Highlights
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About St. Johns
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017