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532 Canoe Point
About This Property
Large 3,448 Sq. ft. home with 2,972 under air, which is ready for move in. It has 5 bedrooms, 4.5 bathrooms, with a lake view directly off the back yard, built in 1998. It has a fully upgraded kitchen, bathrooms, and tiled floors. First floor has modern wood-like tile planks with a bamboo pattern, and second floor has large (24 in. x 24 in.) tiles. Has all new LG appliances, including refrigerator with French doors, dual ice maker, and bottom freezer with glide & serve drawer. The stove has self-cleaning convection oven. Microwave, dishwasher, and front loading washer and dryer. There is a two-zone wine cooler and a large single-level island with dining bar. The kitchen has recessed lights and drop-down lights over the kitchen island, and all new kitchen cabinets. Four of the bed rooms have in-suite bath rooms, all which have retailed floors and showers. 2 Master size bedrooms - one upstairs and one downstairs - have especially crafted walk-in closets. All 4 showers have seamless glass enclosures. The bathrooms have new water saving toilets. It has a finished 2-car garage, 400 sq. ft. attached, with a drop-down attic stair. The windows throughout the home have new 2-inch horizontal, energy-saving, blinds. There is a large 10 ft. x 20 ft. back porch with bricks in herring bone pattern. The lawn has been recently re sodded In addition, there is ample space to build a large pool. The backyard easement leads to the adjacent community pool, playground, and tennis court. along with the yard maintenance, the owner is also maintaining a pest control service and the house comes with a Termite warranty.
Gated community with low homeowner association fees. The home is in Delray Lakes - a gated community adjacent to Lake Ida Park - with a dog park, multiple party pavilions and playgrounds. It has relatively low homeowner's association fees. It is 2 miles from downtown Delray Beach's restaurant and boutiques, and an additional mile from the Atlantic Ocean beach. It is near Atlantic H.S. - with Magnet School programs.
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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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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 20, 2018 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed | $640,000 | |
| Listed | |||
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One of the largest lot in Delray Lakes, 532 Canoe Point is facing the lake in its length. Large 3,448 Sq. ft. home with 2,972 under air, which is ready for move in. It has 5 bedrooms, 4.5 bathrooms, with a lake view directly off the back yard, built in 1998.The manager has listed the unit size as 2972 square feet.
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| May 15, 2017 | Listed by Keller Williams Realty Service | $599,000 | |
| Listed by Keller Williams Realty Service | |||
| Sep 21, 1998 | Sold | ||
| Sold | |||
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About Delray Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017