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6946 Paul Mar Drive
About This Property
Don't let this one pass you by.
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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%.
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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.
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 |
|---|---|---|---|
| Jul 30, 2024 | Sold | ||
| Sold | |||
| Jun 12, 2024 | Listed by Redfin Corporation | $929,000 | |
| Listed by Redfin Corporation | |||
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Discover this Island estates home, free from HOA restrictions on lake Osbourne. Renovated in 2023 with a new roof and hurricane-proof features including doors, windows, sliders, and garage door, ensuring peace of mind. Professionally landscaped with mature trees, a serene meditation garden, and butterfly garden, this property offers tranquility. Enjoy the spacious backyard with a covered patio housing a new 2023 Cal Spa hot tub. Inside you'll find a welcoming foyer leading to a cozy sitting room with a crystal chandelier and mounted TVs included. Delight in the full surround sound Yamaha system with 5-way channels. The kitchen boasts ample cabinet and counter space, an island, intimate custom lighting, and a large formal dining room adjacent to the family room featuring a Samsung TV mounted over the fireplace with a stone surround. Three sliders open to the pool area, perfect for entertaining. The expansive primary bedroom features a custom-built closet and a luxurious primary bath with a walk-in shower, vanity, and additional storage. The second bedroom offers built-in storage, while the third bedroom doubles as an office with two hidden Murphy beds (one full, one queen) and a closet for storage. The beautifully landscaped front yard mirrors the elegance of the backyard, which includes a deep pool, a fisherman's hotspot direct from the seawall, and boat dock, all on a serene canal just minutes from the heart of lake Osborne. Desirable investor potential for short-term rental. Furniture negotiable. Central vac, new gutters and exterior paint.
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| Jun 23, 2022 | Sold | ||
| Sold | |||
| May 24, 2022 | No longer available | - | |
| No longer available | |||
| May 9, 2022 | Listed by CENTURY 21 Tenace Realty | $799,900 | |
| Listed by CENTURY 21 Tenace Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017