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485 Lee Avenue
About This Property
As you step inside, you'll be greeted by an updated kitchen featuring sleek stainless steel appliances and elegant quartz countertops, ideal for culinary enthusiasts and gatherings alike. The main level is where you'll find a spacious primary suite, providing a private sanctuary complete with convenience and style.
Upstairs, discover three additional generously sized bedrooms and two full baths, ensuring ample space for family and guests. Each room is thoughtfully designed to maximize comfort and functionality. Additionally, a laundry area is stationed upstairs for convenience.
Outside, the expansive backyard beckons with a wooden deck patio directly accessible from the kitchen, perfect for morning coffees or evening BBQs. The ground-level outdoor entertainment area leads to a large fenced backyard, featuring an oversized pool and a charming fire pit area. Whether hosting summer pool parties or cozying up by the fire on crisp evenings, this outdoor oasis is sure to be a favorite gathering spot. See attached sheet for upgrades and features!
Garage frig and downstairs teal mini frig do not convey. Handrails on order and will be installed on front steps
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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 |
|---|---|---|---|
| Aug 21, 2024 | Sold | ||
| Sold | |||
| Aug 8, 2024 | In contract | - | |
| In contract | |||
| Aug 6, 2024 | Price Decreased |
$650,000
↓ $25K
(3.7%) | |
| Price Decreased | |||
| Jul 29, 2024 | Relisted | $675,000 | |
| Relisted | |||
| Jul 25, 2024 | In contract | - | |
| In contract | |||
Property Highlights
Building Info
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Price/ft²
Listed On
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About Eau Gallie Shores
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017