8249 Severn Drive #B
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%.
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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 |
|---|---|---|---|
| Dec 30, 2022 | Sold | ||
| Sold | |||
| Nov 9, 2022 | Listed by EXP Realty LLC | $335,000 | |
| Listed by EXP Realty LLC | |||
| Jun 12, 2022 | No longer available | - | |
| No longer available | |||
| Jun 8, 2022 | Listed by EXP Realty LLC | $335,000 | |
| Listed by EXP Realty LLC | |||
| | |||
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Welcome to the peace and serenity of Banyan Lakes. This corner unit townhome offers 2 master suites, both with private bathrooms and a relaxing adjoined balcony with stunning views of the property's mature trees and gorgeous landscaping. Boasting beautiful wood floors, a main level bathroom for guests, and stainless steel appliances, this meticulously well-maintained home is packed with wall-to-wall amenities. Outside you'll find a large, private, paved patio fully fenced-in. There's plenty of room for comfortable outdoor seating and delicious grilling. Banyon Lakes provides a spacious heated pool with hot tub, tennis courts with lighting, racquetball courts, a 4000 sq ft fitness center, and a party and media room for large events. You can relax knowing your kids are attending A-rated scho The manager has listed the unit size as 1302 square feet.
| |||
| Jul 24, 2016 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/08/2022
|
2 Bed
|
3 Bath
|
1302 ft²
|
$335,000
2 Bed
3 Bath
1302 ft²
|
$330,000
-1.49%
12/30/2022
|
Joseph Rosen
EXP Realty LLC
| |
|
03/29/2020
|
2 Bed
|
2 Bath
|
1302 ft²
|
$230,000
2 Bed
2 Bath
1302 ft²
|
$225,000
-2.17%
05/08/2020
|
Tiina Marita Joutsaari
Reliant Realty ERA Powered
| |
|
05/11/2016
|
2 Bed
|
2 Bath
|
1302 ft²
|
$174,000
2 Bed
2 Bath
1302 ft²
|
$174,000
07/24/2016
|
Loretta Cohen
Keller Williams Miami Beach Rlty
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017