583 Normandy M #583
About This Property
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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 |
|---|---|---|---|
| Mar 15, 2024 | Sold | ||
| Sold | |||
| Feb 16, 2024 | In contract | - | |
| In contract | |||
| Jan 24, 2024 | Price Decreased |
$119,900
↓ $80K
(40%) | |
| Price Decreased | |||
| Jan 3, 2024 | Price Increased |
$199,900
↑ $80K
(66.7%) | |
| Price Increased | |||
| Aug 22, 2023 | Listed by Keller Williams Realty Profess | $119,900 | |
| Listed by Keller Williams Realty Profess | |||
| | |||
|
Talk about bang for the buck! Best price for this condition. You'll love Kings Point in Delray Beach. What makes this special? It's updated, super clean and from the inside it feels like a little house. Cute 1 Bedroom, 1.5 bathroom condo. Light and bright with neutral tile. The updated kitchen has plenty of cabinet and black granite countertops. There is a new A/C and Water heater. Ample closet space and a great indoor/outdoor screened Florida room. En Suite Laundry. Active Adult community with two golf courses, two restaurants, three club houses, Indoor and outdoor pools, community transportation, tons of clubs and sporting activities. Minutes to Downtown Delray, Boca Town Center, Delray Market Center, Dining, Shopping, Houses of Worship and major roads. Unit close to ample guest parking.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/21/2024
| |
1 Bed
|
1.5 Bath
|
760 ft²
|
$148,500
1 Bed
1.5 Bath
760 ft²
|
-
-
|
Arturo Osorio
United Realty Group, Inc
|
|
08/22/2023
|
1 Bed
|
2 Bath
|
760 ft²
|
$135,000
1 Bed
2 Bath
760 ft²
|
$114,000
-15.56%
03/15/2024
|
Dave Gervase
Keller Williams Realty Profess
| |
|
02/07/2022
| |
1 Bed
|
1 Bath
|
760 ft²
|
$119,000
1 Bed
1 Bath
760 ft²
|
$116,000
-2.52%
04/15/2022
|
Debra S Gattelaro
Signature International RE
|
|
03/25/2020
| |
1 Bed
|
2 Bath
|
760 ft²
|
$79,900
1 Bed
2 Bath
760 ft²
|
-
-
|
-
|
Building Info
About Kings Point
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$7,900 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017