7685 Colony Lake Drive
About This Property
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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 |
|---|---|---|---|
| Oct 19, 2022 | Sold | ||
| Sold | |||
| Aug 22, 2022 | Listed by Arena and Company | $449,500 | |
| Listed by Arena and Company | |||
| Jul 11, 2012 | Sold | ||
| Sold | |||
| Apr 9, 2011 | Listed by Signature Int'l Premier Properties | $173,000 | |
| Listed by Signature Int'l Premier Properties | |||
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This 3BR 2 1/2 bath house was comped at $185,000 and had been approved by the bank as a short sale for $173,000. It is a fantastic deal and it should be relatively quick turn-around by the bank. No offers lower than $173,000 will be considered. Open, airy 3 BR 2 1/2 Bath home in gated community. Volume ceilings and lots of high hat lights. Kitchen has island and opens to family room. Great for entertaining. Walking distance to A Rated elementary school. Private, lush backyard has huge patio. Ceramic tile throughout livings areas. Master bedroom suite has trey ceiling, two walk-in closets, separate Roman tub, walk-in shower and dual sinks. Dining room light fixture and MB ceiling fan do not convey. The Colony has a community clubhouse with a large pool ... (see supplement for full remarks) This 3BR 2 1/2 bath house was comped at $185,000 and had been approved by the bank as a short sale for $173,000. It is a fantastic deal and it should be relatively quick turn-around by the bank. No offers lower than $173,000 will be considered.Open, airy 3 BR 2 1/2 Bath home in gated community. Volume ceilings and lots of high hat lights. Kitchen has island and opens to family room. Great for entertaining. Walking distance to A Rated elementary school. Private, lush backyard has huge patio. Ceramic tile throughout livings areas. Master bedroom suite has trey ceiling, two walk-in closets, separate Roman tub, walk-in shower and dual sinks. Dining room light fixture and MB ceiling fan do not convey. The Colony has a community clubhouse with a large pool and spa, tennis and basketball. Exceptional gym has state-of-the-art equipment. Catch and Release fishing from the beautiful community gazebo. Low HOA. Great Palm Beach County location is close to shopping, restaurants, medical facilities and entertainment and an easy drive to the Palm Beach International Airport. Don't miss this one.
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| Mar 5, 2004 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017