640 NE 29th Place
About This Property
THIS HOME IS LOCATED IN THE QUIET TUCKED AWAY NEIGHBORHOOD OF BLUE INLET. THIS HOME FEATURES 3 BEDROOMS, 2 1/2 BATHS AND A GUEST HOME WITH 1 BEDROOM AND 1 BATH AND KITCHEN ON A LOVELY CORNER LOT. 9,824 SQ, FT, ALL OVERLOOKING POOL AND CANAL WITH DIRECT ACCESS TO THE INTRACOASTAL. THIS IS THE PRIME LOCATION TO BEACHES, SHOPPING AND FINE DINING. A MUST SEE.
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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 |
|---|---|---|---|
| Dec 11, 2020 | Sold | ||
| Sold | |||
| Jul 17, 2020 | Listed by Lang Realty/Delray Beach | $799,900 | |
| Listed by Lang Realty/Delray Beach | |||
| Jul 14, 2020 | No longer available | - | |
| No longer available | |||
| May 22, 2019 | Price Decreased |
$840,000
↓ $59K
(6.6%) | |
| Price Decreased | |||
| Mar 19, 2019 | Listed | $899,000 | |
| Listed | |||
| | |||
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Incredible opportunity to renovate or tear down and build your dream home. Corner lot with dockage and direct access to Intracoastal and the Atlantic. Charming 2-story home with 3 bedrooms in the main house and a large guest house that includes bedroom, kitchen and bathroom. Oversized pool/patio area overlooking water. The manager has listed the unit size as 2356 square feet.
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About Blue Inlet
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$9,900 /mo
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$9,000 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017