5711 Title Row DRIVE
About This Property
Continue up the wooden staircase with carpet runner leading to a bonus room featuring built-in wall shelving. This large room is perfect for entertaining or just gathering with family. A large storage closet holds those extra games or personal belongings. At day's end, find solitude in the huge, light filled primary suite boasting tray ceiling with crown molding, dual walk-in closets, ensuite bath with large walk-in shower, dual vanities, corner soaking tub, separate toilet room and linen closet. On this second floor, find three additional bedrooms; including a one with ensuite bathroom with tub/shower and walk-in closet. A large, shared hall bathroom has tub and shower.
This home includes Ring doorbell and alarm system. Exterior painted 2022 and updated exterior lighting installed as well. Legends Bay HOA includes contracted lawn care, irrigation, clubhouse and pool, cable, internet and an observation boardwalk overlooking Sarasota Bay.
Legends Bay is a gated community located along Sarasota Bay and is just 6 miles from the Gulf of Mexico's white sand beaches of Anna Maria Island, Bradenton Beach and Longboat Key. In close proximity is World Class IMG Academies and Golf Course. Sarasota International Airport is a short ten minute drive. This area offers quick access to local restaurants and fine dining, cultural events and world class entertainment venues in both Bradenton and Sarasota. Bond portion of the CDD has been paid off ;a huge annual savings. This home has never been a rental.
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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 |
|---|---|---|---|
| Jul 1, 2024 | Sold | ||
| Sold | |||
| May 31, 2024 | In contract | - | |
| In contract | |||
| May 30, 2024 | Relisted | $995,000 | |
| Relisted | |||
| May 4, 2024 | In contract | - | |
| In contract | |||
| Mar 28, 2024 | Price Decreased |
$1,095,000
↓ $100K
(8.4%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017