431 Veronese DRIVE
About This Property
villa with hurricane impact windows, new light fixtures and new fans, lives like a single-family home but offers the convenience
of condo living. The HOA covers maintenance of the exterior including paint, roof replacement and maintenance of the grounds. Luxurious earth tone tile throughout the entire home. No carpet anywhere! Left of the villa is the spacious primary bedroom and walk-in closet that connects to the bath and a bath/shower combo. Central is the open great room, dining room, breakfast nook and kitchen. Far right is the guest bedroom/bath with walk-in shower and bench. This smart floor plan flows nicely for easy living and entertaining.
The garage is as clean as a hospital with its newly painted white walls and floor. The main pipe has been lined and the supply lines were epoxy sprayed. Roof was replaced in 2010 and the AC in 2016. The vibrant landscape surrounding the villa is lovingly maintained and gives the appearance that a master gardener resides there. Because Sorrento East is a designated bird sanctuary, you will regularly spot sandhill cranes, herons, egrets, and if you're lucky, the occasional spoonbill. Plus, this property is NOT in a flood zone! The quiet neighborhood of Sorrento East is conveniently located between Sarasota and Venice, close to the new hospital, schools, shopping, restaurants, tiki bars, Nokomis Beach, Oscar Scherer State Park and the Legacy Trail. Come claim your piece of paradise!
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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 |
|---|---|---|---|
| Nov 5, 2024 | Sold | ||
| Sold | |||
| Oct 8, 2024 | In contract | - | |
| In contract | |||
| Oct 1, 2024 | Price Decreased |
$285,000
↓ $14K
(4.7%) | |
| Price Decreased | |||
| Jul 23, 2024 | Price Decreased |
$299,000
↓ $20K
(6.3%) | |
| Price Decreased | |||
| Jun 3, 2024 | Price Decreased |
$319,000
↓ $10K
(3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017