616 QUEEN PALM STREET
About This Property
INTERIOR:
Immerse yourself in this meticulously maintained home, where charm and sophistication merge effortlessly. Fully furnished with tasteful decor, this residence exudes warmth and character. Freshly painted throughout, with crisp baseboards adding a polished touch, the home features sleek laminate flooring in most areas, complemented by durable tile in both bathrooms. Central heat and air ensure year-round comfort, while ceiling fans and strategically placed ceiling ducts enhance airflow. Newer, updated windows allow natural light to pour in, creating an inviting atmosphere. The kitchen is a true delight-neat as a pin and thoughtfully designed. It comes fully equipped with a refrigerator, range, oven, dishwasher, and microwave, along with a breakfast bar for casual dining. The sizeable dining area is perfect for hosting, featuring a built-in mirrored buffet, spacious cupboards, and generous room for entertaining. Seating is never an issue, with a comfortable living area as well as an additional seating area offering additional space to relax or welcome guests. The substantial primary bedroom serves as a private retreat, complete with an ensuite bathroom that includes a generous walk-in closet, a vanity, and an easily accessible walk-in shower. The guest bedroom is equally inviting, featuring a bright and airy ambiance with a large closet for storage. The recently updated guest bathroom showcases modern, stylish fixtures, with a tub and shower combination that offers luxury for visitors and residents alike.
EXTERIOR:
Talk about an eye-catcher-this stunning corner-lot home is sure to impress! Wrapped in durable vinyl siding and accented with stylish awnings and lush landscaping, the exterior not only enhances curb appeal but also adds to its lasting allure. The lowered Florida room, upgraded in 2024 with sleek ceramic tile, provides a space to relax, and with a sofa sleeper included, it easily accommodates the occasional overnight guest.
Everyday ease and efficiency are at the forefront with the two-car carport and a shed which houses a washer and dryer, making household tasks simple. Some shed tools will remain, adding extra value for the new owner. The roof-over was updated in 2022, offering long-term durability. Priced at $157,000 with a share, this home is a true standout, combining meticulous maintenance with reflective upgrades to deliver style and versatility in one incredible package.
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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 31, 2026 | Sold | ||
| Sold | |||
| Mar 9, 2026 | In contract | - | |
| In contract | |||
| Feb 3, 2026 | Price Decreased |
$157,000
↓ $7K
(4.3%) | |
| Price Decreased | |||
| Oct 17, 2025 | Price Decreased |
$164,000
↓ $11K
(6.3%) | |
| Price Decreased | |||
| Mar 15, 2025 | Listed by SELECT REAL ESTATE OF PINELLAS | $175,000 | |
| Listed by SELECT REAL ESTATE OF PINELLAS | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017