644 FREDERIC Drive
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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%.
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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.
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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 |
|---|---|---|---|
| Jan 22, 2021 | Sold | ||
| Sold | |||
| Dec 18, 2019 | Listed by WATSON REALTY CORP | $795,000 | |
| Listed by WATSON REALTY CORP | |||
| Jul 27, 2018 | Listed by LEE DANIELL REALTY, INC | $1,199,000 | |
| Listed by LEE DANIELL REALTY, INC | |||
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Private 193' riverfront creates a two-plus-acre sanctuary with little traffic. Enjoy spectacular sunrises and sunsets in harmony with nature including heron, eagles, resident red hawks, an occasional manatee, or perhaps a fox or deer. This delightful historic home has been meticulously preserved for generations to enjoy.
Delight in the quaint luscious gardens, especially the riverfront fragrant wild ginger garden that permeates the entire property. This tranquil pleasant setting displays gardens with sitting areas, patios, and riverview guest house. Charming guest house features one bedroom, bath, kitchenette, laundry area, two car garage, perfect for parents, guests, or college student. Home and property designed for large gatherings. Perfect location for lavish riverfront weddings. Built from the original plans of the 1938 New York World's Fair House, with documentation in the the Library of Congress. This is an original Fleming Family built home , the second oldest on Fleming Island. This home has a lovely flowing flloor plan with riverview from almost every room. Please note that last year's hurricanes did not bring water within 100-150' of this home that sits 12' above and 400' from the river. Owners installed a full home and guest house generator for future torrent weather. One of few standing docks from hurricane Irma in all of Fleming Island, sustained some damage and will either be repaired prior to closing or a credit or escrow account for purchaser at closing. Guest house features kitchenette, bedroom, sitting room, full bath, and laundry area with wonderful view of river with two-car garage and and overhead storage. Pleasant quiet gardens, patios, and sitting areas. Luscious wild ginger garden near river permeates the whole property when in bloom. Truly one of a kind historic property that could easily be remodeled into a riverfront mansion. Enjoy with all it's rich history or bring your architect to modify to just your specifications. This home offers wood floors, butlers pantry, numerous book shelves, and much more with all it's old world charm.
Please read and enjoy the snippets of the history of this unique great historic property and Fleming Island along with St. Margaret's Church. This delightful property has marvelous history!
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| Apr 23, 2007 | Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | $1,850,000 | |
| Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | |||
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Built from the original plans of the 1938 World's Fair House, this beautifully restored home sits on over 2 acres with 193' on the river! Home includes 3BR/3BA in main house & 1BR/1BA in separate guest house. One of the most beautiful settings in the area with panoramic river views. 350-ft dock built to avoid wave damage. Buyer to verify square footage (square footage includes guest house).
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About Fleming Island
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$2,000 /mo
- 2 Beds
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- 1,385 ft²
$1,850 /mo
- 3 Beds
- 2 Baths
- 1,667 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017