5635 ORANGEWOOD Road
About This Property
Before preparing the offer, be aware that lenders are now dictating how buyers names should appear on the contract. Please confirm with the lender the way the name(s) should appear and make your offer accordingly, both on the contract, Fannie Mae Addendum and in HomePath. Any name change after acceptance of the offer will be a renegotiation of the offer.
Seller will pay:
1. Real Estate Commission
2. Provided the buyer uses the seller's title company the seller will pay for the Owner's Title Policy
ALL OTHER CLOSING COSTS ARE CONSIDERED TO BE BUYER CLOSING COSTS AND IF PAID BY THE SELLER WILL BE CONSIDERED A SELLER CONCESSION. Any closing costs checked for the seller to pay in Paragraph 9 of the NEFAR Purchase and Sale Agreement will be presented to the seller as a seller concession. This could affect your buyer's offer, particularly in a multiple offer situation. SELLER WILL NOT PAY DEED STAMPS. Buyer must pay State Doc. Stamps on Deed Stamps.
KEYS WILL NOT BE RELEASED AT CLOSING. Buyer must wait for Fannie Mae Approval to release keys (receipt of closing documents and final Wire).
Buyer must confirm SF, utilities, lot size - anything of importance to buyer. If applicable: amenities, costs of club memberships, covenants and restrictions, HOA requirements and/or restrictions.
FIRST LOOK PERIOD OF 21-DAYS IS RESERVED FOR OWNER-OCCUPANT OR NON-PROFIT OFFERS. After 21st day Investor Offers are allowed. Please inform the purchaser before closing that Ocean Grove condo units can only be leased with an approved leasing permit. Leasing permits are not transferable with the sale of a unit. At this time there are no leasing permits available.
Call Seller: No, Click "Showing Assist"
Common/Club Amenities: none
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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 |
|---|---|---|---|
| Sep 12, 2018 | Sold | ||
| Sold | |||
| Jun 13, 2018 | Listed by FLORIDA REO SERVICES OF JAX INC | $112,500 | |
| Listed by FLORIDA REO SERVICES OF JAX INC | |||
Property Highlights
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About Southeast Jacksonville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017