$249,900
●
House -
Off Market
418 SEAGATE Avenue
Neptune Beach, FL 32266
3 Beds
2 Baths
1,684 Ft²
$1,228
Est. Monthly
About This Property
Just in time to enjoy the beach this summer. This delightful
home, within walking distance of the beach, has just become
available. So cute. You'll love from the moment you see
it. A spacious dining and living area (with a tiled walkway -
how great is that at the beach) leads to the family room and
kitchen area. The master and one bath are downstairs.
Upstairs are the guest bedrooms and a full bath. While
you are uptairs, be sure you open the door into the attic storage
area. Purchase this property for as little as 3% down.
This is a Fannie Mae HomePath property and is eligible for
HomePath financing and HomePath Renovation Mortgage Financing BUYER
TO VERIFY ALL CONDOMINIUM INFORMATION WITH THE ASSOCIATION
MANAGEMENT COMPANY.
Property is sold strictly in as-is condition. Seller will make no repairs.
10% BINDER DEPOSIT REQUIRED ON ALL CASH SALES - NO EXCEPTIONS. On all cash sales, binder deposit is non-refundable after the ten day inspection period.
PLEASE READ THE FOLLOWING CAREFULLY:
1. There is a fifteen day first look period during which the seller will only negotiate offers with owner-occupant buyers and non-profits. Property must be actively listed in HOMEPATH for fifteen days. The number of days property is listed in the NEFMLS system does not matter. The HomePath listing will show the number of days remaining in the first look period.
2. Seller pays:
a. Real Estate Commission
b. Provided the buyer uses the seller's title company, the seller will pay for the owner's title policy. ALL other closing costs are considered to be buyer closing costs.
3. NOTE: BUYER MUST CHOOSE BETWEEN USING SELLER'S TITLE COMPANY, OR USING ANOTHER CLOSING AGENT OF BUYER'S CHOICE. BUYER MUST INITIAL THAT CHOICE IN PARAGRAPH 10F of the Fannie Mae Addendum. The seller will not negotiate, or accept any offer unless that is done. Please read that paragraph carefully. The seller will pay the owner's title policy ONLY if the buyer uses the seller's title company.
Special requirements include, but are not limited to: Buyer must sign Fannie Mae Addendum. Investors must agree to Deed Restriction Language.
SF is from tax rolls. Buyer must verify.
Listing office and agents represent the seller
Property is sold strictly in as-is condition. Seller will make no repairs.
10% BINDER DEPOSIT REQUIRED ON ALL CASH SALES - NO EXCEPTIONS. On all cash sales, binder deposit is non-refundable after the ten day inspection period.
PLEASE READ THE FOLLOWING CAREFULLY:
1. There is a fifteen day first look period during which the seller will only negotiate offers with owner-occupant buyers and non-profits. Property must be actively listed in HOMEPATH for fifteen days. The number of days property is listed in the NEFMLS system does not matter. The HomePath listing will show the number of days remaining in the first look period.
2. Seller pays:
a. Real Estate Commission
b. Provided the buyer uses the seller's title company, the seller will pay for the owner's title policy. ALL other closing costs are considered to be buyer closing costs.
3. NOTE: BUYER MUST CHOOSE BETWEEN USING SELLER'S TITLE COMPANY, OR USING ANOTHER CLOSING AGENT OF BUYER'S CHOICE. BUYER MUST INITIAL THAT CHOICE IN PARAGRAPH 10F of the Fannie Mae Addendum. The seller will not negotiate, or accept any offer unless that is done. Please read that paragraph carefully. The seller will pay the owner's title policy ONLY if the buyer uses the seller's title company.
Special requirements include, but are not limited to: Buyer must sign Fannie Mae Addendum. Investors must agree to Deed Restriction Language.
SF is from tax rolls. Buyer must verify.
Listing office and agents represent the seller
Unit Size
1,684 Ft²
Days on Market
-
Land Size
-
Price per sqft
$148
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1980
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (Real MLS #672957)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 5, 2020 | Sold | ||
| Sold | |||
| May 13, 2020 | Listed by BUCK & BUCK INC | $450,000 | |
| Listed by BUCK & BUCK INC | |||
| Mar 17, 2014 | Sold | ||
| Sold | |||
| Oct 16, 2013 | Listed by RE/MAX SPECIALISTS | $224,900 | |
| Listed by RE/MAX SPECIALISTS | |||
| | |||
|
Great location - steps from the beach. Must see this spacious beach house which features a master down, fireplace, guest bedroom with full bath upstairs and formal living and dining rooms. This is a Fannie Mae HomePath property. Purchase this property for as little as 5% down! This property is approved for HomePath Mortgage Financing. This property is approved for HomePath Renovation Mortgage Financing. Buyer should check with a HomePath lender for more information.
| |||
| Jul 1, 2013 | Listed by BUCK & BUCK INC | $249,900 | |
| Listed by BUCK & BUCK INC | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
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ft²
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HOA + Taxes
About Beaches
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Listed by: DEE BUMBARGER, BUCK & BUCK INC
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 672957
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by NEFMLS.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 672957
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