$89,900
●
Land -
Off Market
692 PROMENADE POINTE Drive
St Augustine, FL 32095
Studio
0 Bath
$195,288
RealtyHop Estimate
105.78%
Since Apr 1, 2013
National-US
Primary Model
About This Property
This is one the best views in Palencia overlooking the lake and 9th
fairway in the premier estate section in Promenade Pointe II. This
lot is improved with a partially constructed concrete block home.
Attached are the plans for residence obtained from St. Johns
County. This lot with infrastructure is sold ''AS-IS'' with buyer
to complete all due diligence. Seller and agent have no prior
knowledge of property. All offers submitted on ''AS-IS'' contract
including any existing improvements. All offers submitted on
'AS-IS' contract include any existing appliances, plumbing, HVAC &
electrical systems (if applicable). No offers for 1st 7 days. Days
8-12 offers ONLY from NSP buyers, municipals, non-profit orgs &
owner-occup. Days 13+ offers from all buyers. Buyers should obtain
a free prequalification letter from Wells Fargo Home Mortgage or an
entity which is a joint venture with WFHM by working directly with
a mortgage consultant or going online at www.wellsfargo.com. Buyers
also have the option to provide proof of other credit decisioned
financing or a NACA (Neighborhood Assistance Corporation of
America) qualification letter.
Unit Size
-
Days on Market
-
Land Size
0.35 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$16
Year Built
2015
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (Real MLS #652504)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 14, 2013 | Sold | ||
| Sold | |||
| Feb 5, 2013 | Listed by FIRST COAST SOTHEBYS INTERNATIONAL REALTY | $94,900 | |
| Listed by FIRST COAST SOTHEBYS INTERNATIONAL REALTY | |||
| Mar 7, 2012 | Listed by UNITED REAL ESTATE GALLERY | $200,000 | |
| Listed by UNITED REAL ESTATE GALLERY | |||
| | |||
|
This is a partially constructed Concrete block home. Price includes plans for a beautiful home with all the amenities. Consider the value of a beautiful waterfront lot with all of the infrastructure in and paid for. Check Documents for plan sheets.
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Listed On
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Closing Price
Sold On
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HOA + Taxes
About St. Johns
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Listed by: JOE HATIN, FIRST COAST SOTHEBYS INTERNATIONAL REALTY
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 652504
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by NEFMLS.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 652504
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