617 Penn PLACE
About This Property
Situated on a quiet cul-de-sac overlooking the park, this home boasts stunning curb appeal with a paver driveway leading to a three-car rear load garage. The first floor features high vaulted ceilings and gorgeous wood flooring, creating an inviting and warm atmosphere throughout. The gourmet kitchen is every chef's dream, complete with top-of-the-line appliances and custom cabinetry. Adjacent to the kitchen is the perfect space for hosting family dinners or entertaining guests.
The master suite, located on the first floor, offers a luxurious retreat with a large master bath, soaking tub, and separate shower. Upstairs, you'll find two separate quarters - one perfect for use as an in-law suite or game room, complete with an additional bedroom and bathroom. The other quarter features two bedrooms, one and a half bathrooms, and a private office.
Step outside and be transported to a tropical oasis, with lush and vibrant landscaping surrounding the property. The outdoor space features a beautiful pool and spa, perfect for relaxing or hosting outdoor gatherings. For golf enthusiasts, the backyard also boasts a putting green, allowing you to practice your swing in the comfort of your own home.
Don't miss your opportunity to own this one-of-a-kind property in the heart of Winter Park.
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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 14, 2023 | Sold | ||
| Sold | |||
| Oct 10, 2023 | In contract | - | |
| In contract | |||
| Sep 15, 2023 | Price Decreased |
$2,695,000
↓ $155K
(5.4%) | |
| Price Decreased | |||
| May 5, 2023 | Listed by KELLER WILLIAMS WINTER PARK | $2,850,000 | |
| Listed by KELLER WILLIAMS WINTER PARK | |||
| Aug 18, 2010 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017