Location! Location! An outstanding lake front FREE STANDING VILLA
CONDO that is nestled on a quiet cul-de-sac in West Bradenton's
"Spring Lakes" Condominium Community. Spring Lakes is an officially
designated wildlife and bird sanctuary full of lush landscaping
providing a truly exceptional and genuine Florida atmosphere. This
is also a maintenance free property siting on a 10 acre lake so you
can obsoletely get lost in the day while enjoying natures water
fowl and lake front views. Views are exceptional while relaxing
from the living area, on the glassed in lanai and from the fresh
outside air on the screened in sun deck. This home features 2
bedrooms, 2 full bathroom's, has a 2 car garage and is loaded with
updates. Most of the flooring has been updated to engineered
hickory hardwood throughout paired with 5 inch baseboards. The
kitchen, light and bright now features custom cabinets with the
smooth soft shut hardware, dovetail fastened, solid surface
countertops, a range hood, recessed lighting, a large island for
extra chef prep space, storage and a built in desk. The
refrigerator and microwave have been recently replaced as well.
This is a wide open floor plan with Vaulted ceilings throughout
making it feel extra spacious and roomy. The living area has a wood
burning fireplace for those colder winter nights. This is a split
bedroom floor plan both individualized suites with the master suite
also sporting views of the lake, a large fully remodeled master
bath and as a bonus a 9x7.5 walk-in closet having an overhead loft
with drop down door making for additional storage. Both bathrooms
have been updated with custom wood vanities, solid surfaced
counters, marble tile flooring, lights, toilets and fixtures. Some
other perks to the property include the six panel interior doors,
sliding doors to the lanai, insulated French doors leading to the
outside screened in sun deck, a permitted A/C 3/2021 and the HWH
10/2015 and an ADT security system installed in 2020. This unit
enjoys two separate heated pool with spa areas and also have a
choice of a pickleball court and a tennis court. This Spring Lakes
VII condo is conveniently located close to medical facilities,
shopping, restaurants, Robinsons Preserve, GT Bray Park and the
beaches of Anna Maria Island. The Seller knows of no defects, but
being sold "AS IS" with buyers right to inspect. Some furnishings
are available and negotiable. A few furnishings and some personal
items do not convey. The condo fee includes cable tv,
Community pool/maintenance, reserves, internet, maintenance
exterior, grounds, manager pest control, sewer, trash and water.
Unit Size
1,473 Ft²
Days on Market
55 days
Land Size
0.09 acres
Price per sqft
$299
Property Type
Condo
Property Taxes
$235
HOA Dues
-
Year Built
1993
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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.
Parking Features: Covered, Driveway, Garage Door Opener, Ground Level
Garage Spaces: 2
Garage Dimensions: 20x21
Interior Details
Full Bathrooms: 2
Interior Features: Built-in Features, Ceiling Fan(s), High Ceilings, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Stone Counters, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Washer
Flooring Type: Engineered Hardwood, Marble, Tile
Laundry Features: Inside, Laundry Closet
Rooms: 8
Has Fireplace
Fireplace Features: Living Room, Wood Burning
Exterior Details
Square Footage: 1473
Square Footage Source: $0
Security Features: Fire Alarm, Secured Garage/Parking, Security System Owned, Smoke Detector(s)
Property Condition: Completed
Architectural Style: Contemporary, Florida, Patio
Year Built: 1993
Waterfront Features: Lake, Lake - Chain of Lakes
Waterview: Lake
Building Area Total: 1908
Levels: One
Other Structures: Tennis Court(s)
Building Area Units: Square Feet
Window Features: Blinds, Shades
Construction Materials: Block, Concrete, Stucco
Patio and Porch Features: Deck, Other, Patio, Rear Porch, Screened
Pool Features: Heated, In Ground
Lot Features: Cul-De-Sac, In County, Landscaped
Lot Size Area: 4051
Lot Size Units: Square Feet
Lot Size Acres: 0.09
Lot Size Square Feet: 4051
Tax Lot: 9
Water Source: Public
Financial Details
Tax Annual Amount: $2,817
Lease Considered: Yes
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Cable TV, Common Area Taxes, Community Pool, Escrow Reserves Fund, Fidelity Bond, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Manager, Pest Control, Pool Maintenance, Sewer, Trash, Water
733 Spring Lakes BOULEVARD
#733,
BRADENTON, FL, 34210
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