4829 San Palermo DRIVE
About This Property
As you step inside, the extended lanai immediately captures attention with its tranquil water views, accentuated by a calming fountain and stamped concrete flooring. The comforting ambiance is enhanced by the cooling ceiling fan, creating an ideal space for relaxation or entertainment.
Convenience meets functionality with a two-car garage, a dedicated laundry room, and the added security of an ADT alarm system. The open design seamlessly connects the dining room, adorned with vinyl flooring and a ceiling fan, creating a welcoming atmosphere.
The primary bathroom offers a full bath with a tub/shower combination and a linen closet, while the first bedroom features cozy carpeting, a closet, and a ceiling fan. Currently utilized as an office space, the second bedroom includes a closet, ceiling fan, and an additional storage closet.
The kitchen exudes modern elegance, equipped with a breakfast bar, granite countertops complemented by a stylish backsplash, and matching black appliances. Meanwhile, the living room exudes sophistication with wainscoting, a ceiling fan, and sliders leading out to a spacious lanai, providing sweeping water vistas.
The master bedroom presents a haven of comfort, boasting a large walk-in closet and an ensuite bathroom featuring a stand-up shower and dual sinks, offering a luxurious retreat.
Conveniently located near SR 64, this residence offers easy access to a myriad of shopping options and the allure of Anna Maria Island. Additionally, its proximity to I-75 ensures effortless journeys to various beaches, the UTC mall, and an array of entertainment options, providing an ideal blend of tranquility and accessibility.
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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%.
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 |
|---|---|---|---|
| May 31, 2024 | Sold | ||
| Sold | |||
| May 7, 2024 | In contract | - | |
| In contract | |||
| Apr 29, 2024 | Relisted | $380,000 | |
| Relisted | |||
| Feb 27, 2024 | No longer available | - | |
| No longer available | |||
| Feb 27, 2024 | Relisted | $380,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017