7635 CHIPWOOD Lane
About This Property
Lovely Home with huge glass room overlooking lake and located in outstanding gated community, 3-Car Garage, Freshly painted, new counter tops in kitchen, new refrigerator, new carpet, nice master suite with luxurious bath, 5th bedroom/bonus room upstairs, 42'' kitchen cabs, lots of community amenities - clubhouse, pool, tennis, soccer, basketball and more. Sold as-is ".
"Calendar Days 1-7: All offers will be rejected. We want REOs to have exposure to the market and potential buyers. The date the property is listed is counted as Day 1.Calendar Days 8-15: PAS will entertain offers from all buyers except buyers purchasing as a secondary residence or investors. Note: Non-profits purchasing vacant lots will also be considered during calendar days 8-15.Calendar Days 16+: We will entertain offers from all buyers once all offers received during days 8-15 have been fully vetted."
Buyer should obtain free prequal from Wells Fargo Home Mtg or entity which is a joint venture w/WFHM by working directly with (Susan Miller at NMLSR 330467).Buyers have the option to provide proof of other credit decision financing or a NACA (Neighborhood Assistance Corporation of America) Qualification Letter. Earnest deposit is due to Title Company upon acceptance in the form of a bank wire. All funds needed to close this transaction must be in the form of a bank wire. All inspections must be completed within 7 calendar days. This contract may not be assigned. Counter offers are subject to Wells Fargo Sr. Management approval and an offer will not considered bilateral until both Buyer and Seller have signed the preprinted sales contract counter and addendums. No offer will be accepted without a pre-qualification letter from Wells Fargo Home Mortgage or a pre-approval letter from other lenders or a verification of funds for cash offers. Earnest Money Deposits will be 5% or a maximum of $5000.00 on cash offers 2% or a maximum of $3000.00 on conventional financed offers and $1000.00 for FHA or VA financed offers. MLS Attachment: Buyers/Agents - for any escalations surrounding the offer on your property where our Listing Agent is unable to provide an answer, please call the Wells Fargo REO Department at 1-.
Once an offer is accepted, you will be sent a bank addendum for review and your signature. There is a sample in MLS BUT please do not complete the sample.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 30, 2013 | Sold | ||
| Sold | |||
| Sep 6, 2013 | Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | $319,900 | |
| Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | |||
| Jan 29, 2013 | Sold | ||
| Sold | |||
| Oct 12, 2010 | Listed by ALL REAL ESTATE PRO | $449,000 | |
| Listed by ALL REAL ESTATE PRO | |||
| | |||
| Sep 27, 2003 | Listed by ALL REAL ESTATE PRO | $389,000 | |
| Listed by ALL REAL ESTATE PRO | |||
| | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017