580 ANDERSON Street
About This Property
Step into this enchanting 1962 home that beautifully merges historic charm with modern enhancements. Situated on a substantial 0.25-acre lot, this delightful property boasts 984 square feet of living space, with three inviting bedrooms and a well-equipped bathroom.
The interior features elegant Terrazzo flooring and laminated bamboo floors. The kitchen is a chef's dream, equipped with a full suite of GE appliances, including a stainless refrigerator, electric stove/range, over-the-stove microwave, and dishwasher. Recent upgrades include new kitchen countertops installed in January 2023. For added comfort, the home consists of a newly installed HVAC system (June 2023) and a new water heater installed in July 2023. Outside, you can relax or entertain on the screened back porch, overlooking a large backyard adorned with bamboo and night-blooming jasmine. The property includes dual 12' bay garages and an additional workspace with a sink, providing 936 square feet of utility space. A handy 10 x 16 shed offers substantial storage options. Notably, the roof was replaced in November 2023, ensuring long-term durability.
No flood insurance is required in Flood Zone X, enhancing affordability and appeal. The absence of an HOA allows the freedom to use this home for short-term rentals or as a personal residence with the potential for expansion or adding an in-law suite or a pool.
This property combines historical allure with contemporary amenities, making it an ideal choice for those looking to invest in a versatile property with room for personalization or income generation.
Don't miss this unique opportunity to own a piece of Saint Augustine's heritage. Contact us today for a tour and see how 580 Anderson Street can become your new dream home or a lucrative investment opportunity!
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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 |
|---|---|---|---|
| Nov 18, 2024 | Sold | ||
| Sold | |||
| Nov 1, 2024 | No longer available | - | |
| No longer available | |||
| Oct 18, 2024 | In contract | - | |
| In contract | |||
| Oct 15, 2024 | Relisted | $360,000 | |
| Relisted | |||
| Oct 12, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017