$290,000
●
House -
Off Market
7196 SE Magellan Lane
Stuart, FL 34997
4 Beds
2 Baths,
1
Half Bath
2,189 Ft²
$478,236
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model
About This Property
Best price per sq. foot in the area.Great location situated at the
back of this gated community. This home is on a premium lot with
preserve views at the back and side of the property. Enter through
the covered front door to a Foyer and living room. The master
bedroom is on the first floor with access to a large covered lanai.
There are four bedrooms and 2 1/2 baths. The 4th bedroom has a half
wall but can be replaced by buyer. Accordion and panel shutters.
This great neighborhood has a community pool, tennis courts,
basketball courts and a Nature trail. All this plus basic cable and
lawn maintenance are included in the low HOA fee. Seller will give
a $500.00 credit for living room carpet replacement.
Unit Size
2,189 Ft²
Days on Market
96 days
Land Size
0.14 acres
Price per sqft
$137
Property Type
House
Property Taxes
$339
HOA Dues
$200
Year Built
1997
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 months ago (Beaches MLS #R10337390)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 30, 2017 | Sold | ||
| Sold | |||
| Jul 9, 2017 | Listed | $299,900 | |
| Listed | |||
| | |||
|
Best price per sq. foot in the area.Great location situated at the back of this gated community. This home is on a premium lot with preserve views at the back and side of the property. Enter through the covered front door to a Foyer and living room. The master bedroom is on the first floor with access to a large covered lanai. There are four bedrooms and 2 1/2 baths. The 4th bedroom has a half wall but can be replaced by buyer. Accordion and panel shutters. This great neighborhood has a community pool, tennis courts, basketball courts and a Nature trail. All this plus basic cable and lawn maintenance are included in the low HOA fee. Seller will give a $500.00 credit for living room carpet replacement.The manager has listed the unit size as 2964 square feet.
| |||
| May 25, 2017 | Listed by Illustrated Properties LLC (Jupiter) | $299,900 | |
| Listed by Illustrated Properties LLC (Jupiter) | |||
| Dec 22, 2008 | Sold | ||
| Sold | |||
Property Highlights
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Martin
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Listed by: Thomas I Blythe
Illustrated Properties LLC (Jupiter)
Last Updated: 3 months ago
Data Source: Beaches MLS, MLS# R10337390
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.
Illustrated Properties LLC (Jupiter)
Last Updated: 3 months ago
Data Source: Beaches MLS, MLS# R10337390
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017