7123 Summer Tree Dr #B
About This Property
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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.
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 |
|---|---|---|---|
| Apr 7, 2023 | Sold | ||
| Sold | |||
| Mar 11, 2023 | Listed by LPT Realty, LLC | $419,900 | |
| Listed by LPT Realty, LLC | |||
| | |||
|
Located in the prestigious gated community of Palm Isles, This 3-bedroom, 2-bathroom villa in is the perfect oasis with its spacious open floor plan, vaulted ceilings, and skylights. The bright kitchen, formal dining room, and Florida room overlooking the water view provide ample space for relaxation and entertainment. The state-of-the-art clubhouse, complete with indoor and outdoor pools, tennis courts, pickle ball, billiards, a gym, and a cafe, is just a short walk away. With a huge master bedroom, over 50,000 sq. ft. of amenities, and a serene location, Palm Isles truly offers the ultimate luxury lifestyle. AC 2021 , HOUSE PAINTED DEC 2022, ADT SECURITY PROVIDED BY HOA
| |||
| Jan 20, 2021 | Sold | ||
| Sold | |||
| Nov 20, 2020 | Listed by Florida Preferred Realty LLC | $234,900 | |
| Listed by Florida Preferred Realty LLC | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/11/2023
|
3 Bed
|
2 Bath
|
1722 ft²
|
$419,900
3 Bed
2 Bath
1722 ft²
|
$440,000
+4.79%
04/07/2023
|
Sierra Lafferty
LPT Realty, LLC
| |
|
11/20/2020
|
3 Bed
|
2 Bath
|
1722 ft²
|
$234,900
3 Bed
2 Bath
1722 ft²
|
$231,500
-1.45%
01/20/2021
|
Margaret Kasenberg
Florida Preferred Realty LLC
|
Building Info
About Palm Isles
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017