4801 Luster Leaf Circle #301
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%.
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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 |
|---|---|---|---|
| Aug 19, 2023 | No longer available | - | |
| No longer available | |||
| Aug 10, 2023 | Sold | ||
| Sold | |||
| Jun 16, 2023 | Price Decreased |
$324,797
↓ $15K
(4.4%) | |
| Price Decreased | |||
| May 15, 2023 | Listed | $339,797 | |
| Listed | |||
| | |||
|
Located in Magnolia Pointe, this furnished 3 bed/2 bath condo, is an end unit on the 3rd and top floor accessible by stairs or an elevator. An open floorplan with 1 year old LPV flooring in living area, includes a full compliment of appliances under a year old and a washer/dryer. The relaxed beach flow through the main living area opens to an end unit balcony overlooking the pool and an extravagant view of the golf course. A new water heater was added last year. Magnolia Pointe offers 7 community pools & 2 Clubhouses! Located in the heart of Myrtle Beach, just a short drive to Broadway at The Beach, shopping, restaurants, and lots of attractions! Golf carts are allowed with several charging stations throughout the community. Hop on your golf cart for a quick 2 mile ride to the Beach. This unit can be used for Short Term rentals, a Second Home, or perfect for a Primary Residence! This beautiful condo is a MUST SEE! There is also a garage for sale just around the corner that could compliment your condo with some additional storage and parking. MLS 2309565
| |||
| Apr 5, 2021 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/06/2024
|
2 Bed
|
2 Bath
|
-
|
$245,000
2 Bed
2 Bath
|
-
-
|
The Abe Safa Team
Century 21 The Harrelson Group
| |
|
09/16/2023
|
Loft
|
-
|
-
|
$40,000
Loft
-
|
-
-
|
Jane Daniel
Sea Oats Real Estate
| |
|
06/25/2023
|
2 Bed
|
2 Bath
|
-
|
$264,900
2 Bed
2 Bath
|
-
-
|
The TJ O'Brien Team
RE/MAX Southern Shores
| |
|
05/15/2023
|
3 Bed
|
2 Bath
|
-
|
$339,797
3 Bed
2 Bath
|
-
-
|
Brad Emond
Keller Williams - Myrtle Beach South
| |
|
02/01/2021
|
3 Bed
|
2 Bath
|
-
|
$194,500
3 Bed
2 Bath
|
-
-
|
-
| |
|
10/27/2020
|
3 Bed
|
2 Bath
|
-
|
$205,000
3 Bed
2 Bath
|
-
-
|
-
| |
|
08/05/2020
|
2 Bed
|
2 Bath
|
-
|
$153,900
2 Bed
2 Bath
|
-
-
|
-
| |
|
02/06/2020
|
3 Bed
|
2 Bath
|
-
|
$189,000
3 Bed
2 Bath
|
-
-
|
-
| |
|
08/01/2019
|
2 Bed
|
2 Bath
|
-
|
$164,900
2 Bed
2 Bath
|
-
-
|
-
| |
|
01/03/2019
|
2 Bed
|
2 Bath
|
-
|
$154,900
2 Bed
2 Bath
|
-
-
|
-
| |
|
07/29/2017
| |
3 Bed
|
2 Bath
|
-
|
-
3 Bed
2 Bath
|
-
-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017