438 E Cashew
About This Property
Welcome home to Burnt Store Meadows! Located just south of historic downtown Punta Gorda, Florida is where you'll find this 2017 built, three-bedroom, two-bath pool home with an attached three-car garage. Situated on a quarter-acre lot in a quiet cul-de-sac and nicely maintained, this home sports a unique and efficient great room plan with trey ceilings and ceramic tile flooring throughout. The open kitchen sports ample wood cabinetry and granite counters, and enjoys a closet pantry, breakfast bar and stainless appliances. The primary en-suite bedroom is split from the two guest rooms for added privacy, has direct pool enclosure access and has a spacious bath with dual sinks and a larger walk-in closet. The vast screened pool enclosure, which is accessible from the great room, kitchen, primary bedroom and one of the two guest rooms, measures over 1680 square feet in size and includes 300 square feet of under-roof lanai space, a heated pool, paver-stone pool decking plus a utility closet. Other features include a new roof (2023), an indoor utility room, window storm protection and generous storage space. Burnt Store Meadows is one of Punta Gorda's most sought-after, non-waterfront communities and was platted with miles of community-maintained green spaces, giving it a spacious feel and look. This home is just 2.1 miles from shopping, 2.9 miles from Interstate 75, 5.5 miles from historic downtown Punta Gorda and Punta Gorda Airport (PGD) and just 35 minutes from Southwest Florida International Airport (RSW) at Fort Myers. If you are looking for your place in the Florida sun, you may have just found it here in Burnt Store Meadows!
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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 |
|---|---|---|---|
| May 10, 2024 | Sold | ||
| Sold | |||
| Apr 18, 2024 | In contract | - | |
| In contract | |||
| Apr 12, 2024 | Price Decreased |
$499,000
↓ $50K
(9.1%) | |
| Price Decreased | |||
| Mar 13, 2024 | Price Decreased |
$549,000
↓ $31K
(5.3%) | |
| Price Decreased | |||
| Mar 3, 2024 | Price Decreased |
$579,900
↓ $45K
(7.2%) | |
| Price Decreased | |||
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About Punta Gorda
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017