640 STATE RD 20
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 |
|---|---|---|---|
| Jun 4, 2024 | Sold | ||
| Sold | |||
| May 2, 2024 | In contract | - | |
| In contract | |||
| Apr 18, 2024 | Price Decreased |
$380,000
↓ $10K
(2.6%) | |
| Price Decreased | |||
| Apr 1, 2024 | Listed by KELLER WILLIAMS CORNERSTONE RE | $390,000 | |
| Listed by KELLER WILLIAMS CORNERSTONE RE | |||
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This charming 3 bedroom/2 bath home is nestled on a sprawling, high and dry 9.4-acre parcel of serene and picturesque land with watershed views zoned for agricultural use offering a tranquil escape from the hustle and bustle of everyday life. As you step inside, you'll be greeted by a warm and inviting living space ready for you to make it your own. The kitchen is designed for both functionality and style with direct access to a covered porch where you can unwind and enjoy the breathtaking views of your peaceful, private acreage. Enjoy lots of living space with a large family room, formal dining room, a primary bedroom that offers ample room for relaxing and unwinding, two additional guest rooms, and a guest bath. In addition to the inviting living spaces, the property also features a separate massive three-bay metal storage building and a carport-style shed providing convenient storage solutions for all your needs. This location offers an abundance of natural beauty and easy access to a multitude of recreational opportunities including Bass fishing, camping, canoeing, kayaking, hiking on the scenic Blueway Trails, and visiting birding sites listed in the Great Florida Birding Trail. An easy commute to Gainesville and historical downtown Palatka is just 15 minutes away offering shopping, dining, the beautiful Ravine Gardens, and picturesque St. Johns River Park with annual riverfront festivities. If you're ready to embrace this lifestyle, make your move today. The possibilities are endless!
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| Oct 17, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017