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7 TRACEWAY COURT
About This Property
Recent interior updates include luxury flooring throughout, fresh interior and exterior paint, updated lighting and ceiling fans, modern plumbing fixtures, and updated window treatments. The kitchen and living areas flow seamlessly for a functional and welcoming layout.
The exterior has also been improved with full rain gutters, generator outlet, new garage door opener, garage floor coating, and a fully fenced backyard with room for boat or RV storage and the potential for rear gate access. Additional features include a hardwired security system and a newer washer and dryer less than a year old, along with a home warranty and lifetime window warranty for added buyer confidence.
Located in Southern Trace in Ormond Beach, the home is just minutes from shopping, dining, schools, parks, and convenient access to I-95.
Homes in Southern Trace with this level of updates and lot size are rarely available. Buyers looking for a move-in ready home with major systems already updated will want to see this property quickly. Schedule your showing today.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 10, 2026 | Sold | ||
| Sold | |||
| May 21, 2026 | In contract | - | |
| In contract | |||
| May 9, 2026 | Price Decreased |
$598,900
↓ $100
(0%) | |
| Price Decreased | |||
| Apr 23, 2026 | Price Decreased |
$599,000
↓ $26K
(4.1%) | |
| Price Decreased | |||
| Mar 27, 2026 | Price Decreased |
$624,900
↓ $24K
(3.7%) | |
| Price Decreased | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017