7123 Summer Tree Drive #B
About This Property
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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 |
|---|---|---|---|
| Apr 7, 2023 | Sold | ||
| Sold | |||
| Mar 11, 2023 | Listed by LPT Realty, LLC | $419,900 | |
| Listed by LPT Realty, LLC | |||
| Jan 20, 2021 | Sold | ||
| Sold | |||
| Nov 20, 2020 | Listed by Florida Preferred Realty LLC | $234,900 | |
| Listed by Florida Preferred Realty LLC | |||
| | |||
|
Premier location in the gated community of Palm Isles. Spacious open floor plan with vaulted ceilings (with sky lights) in this 3 large bedroom, 2 bathroom villa with 1 car garage. Large bright kitchen has double pantry, eat in area plus formal dining room. Florida room makes a great TV area and overlooks large screened patio with the most peaceful water view! Huge master bedroom with big walk in closet. Master bathroom offers 2 sinks, roman tub and separate shower. You can walk to the state of the art clubhouse which offers over 50,000 sq. ft. of amenities including indoor and outdoor pools, tennis courts and pickle ball, 600 seat Theatre of Performing Arts, card rooms, billiards, mens and womens spa facilities, gym. Even a Cafe! You won't want to leave your neighborhood!
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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