717 Normandy Lane #O
About This Property
The manager has listed the unit size as 907 square feet.
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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 |
|---|---|---|---|
| Jan 15, 2020 | No longer available | - | |
| No longer available | |||
| Sep 23, 2019 | No longer available | - | |
| No longer available | |||
| Sep 20, 2019 | Listed | $88,500 | |
| Listed | |||
| | |||
|
MOTIVATED SELLER !! REMODELED ''Corner'' 2 bedroom / 2 bathroom condo located in desirable King Point 55+ Gated Community in Delray Beach overlooking GORGEOUS lake view from enclosed screened patio. Beautiful kitchen with wooden cabinets, granite counter & Stainless Steel appliances. Tile & Laminate flooring throughout and carpeted bedrooms. Bright & Airy condo w/Crown Molding. Nice size Laundry room with FULL size washer & dryer. Bathrooms have been recently renovated. Newer A/C & ECO Smart water heater less 3 years old. Country Club Living with Shuttle Service to Shopping/ Events/ Grocery/ Library/ Pharmacy and Extras! Beautifully Renovated clubhouse with Golf, Tennis, Theater, Indoor / Outdoor Pools, and SO MUCH MORE! Don't miss out on this great opportunity! The manager has listed the unit size as 907 square feet.
| |||
| Jun 15, 2019 | Price Decreased |
$89,999
↓ $4K
(3.7%) | |
| Price Decreased | |||
| Mar 20, 2019 | Listed | $93,500 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/25/2020
| |
2 Bed
|
2 Bath
|
907 ft²
|
$85,000
2 Bed
2 Bath
907 ft²
|
$83,500
-1.76%
12/29/2020
|
Thomas D Gonzalez
Bink Realty, LLC
|
|
09/20/2019
|
2 Bed
|
2 Bath
|
907 ft²
|
$88,500
2 Bed
2 Bath
907 ft²
|
-
-
|
-
| |
|
03/20/2019
|
2 Bed
|
2 Bath
|
907 ft²
|
$93,500
2 Bed
2 Bath
907 ft²
|
-
-
|
-
|
Building Info
About Kings Point
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