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7635 GATES CIRCLE
About This Property
Beautifully updated pool home offering comfort, functionality, and a backyard designed to be enjoyed year-round. The outdoor space features a resurfaced saltwater pool, brand new pool deck, and a new pool heater, creating the perfect setting for relaxing evenings or hosting family and friends. The fully fenced yard, automatic sprinkler system, and new rain gutters add both convenience and peace of mind. Additionally, the roof was replaced in 2023 and the drain field was replaced in 2019.
Inside, the home continues to shine with a kitchen renovation completed in 2024, featuring an upgraded appliance package and a clean, modern feel that makes everyday living and entertaining effortless. Split plan floor plan with a private primary bedroom with an ensuite with an updated walk in shower. In addition, the two additional bedrooms are spacious and have ample closet space.
Conveniently located near US-19 with easy access to shopping, dining, medical facilities, and everyday essentials, and just approximately 15 minutes to the Suncoast Parkway for a smooth commute.
With thoughtful improvements throughout and a focus on easy, enjoyable living, this home is a standout opportunity in Spring Hill.
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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%.
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 |
|---|---|---|---|
| Jul 8, 2026 | Sold | ||
| Sold | |||
| Jun 8, 2026 | In contract | - | |
| In contract | |||
| May 30, 2026 | Price Decreased |
$359,900
↓ $25K
(6.5%) | |
| Price Decreased | |||
| May 5, 2026 | Price Decreased |
$385,000
↓ $14K
(3.5%) | |
| Price Decreased | |||
| Apr 22, 2026 | Listed by PREMIERE PROPERTIES | $399,000 | |
| Listed by PREMIERE PROPERTIES | |||
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About Spring Hill
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017