848 QUEEN Road
About This Property
This solid, well-maintained home offers the rare combination of major system upgrades already completed with the opportunity to personalize cosmetic finishes to your taste.
Recent improvements include brand new LVP flooring, fresh interior paint, a brand new roof, new water heater, new breaker box, and a full re-plumb, providing long-term peace of mind. The A/C system is only 3 years old, making this a dependable, move-in-ready home from a mechanical standpoint.
The partially finished garage offers excellent flexibility and could easily be converted into a 4th bedroom, home office, or flex space, adding instant value. Outside, enjoy a fully fenced backyard, perfect for pets or entertaining, along with two exterior storage sheds for tools, hobbies, or extra sto rage.
While the home has seen extensive functional upgrades, the kitchen and bathrooms offer a great opportunity for a buyer to add their own style and finishes, allowing you to create a space that truly feels like home without paying a premium for renovations you didn't choose.
Competitively priced for the location and condition, this home is ideal for first-time buyers, downsizers, or anyone looking for a reliable home in a no-HOA boating community close to shopping, dining, beaches, and historic downtown St. Augustine.
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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 |
|---|---|---|---|
| Apr 29, 2026 | Sold | ||
| Sold | |||
| Feb 28, 2026 | In contract | - | |
| In contract | |||
| Feb 4, 2026 | Price Decreased |
$330,000
↓ $18K
(5%) | |
| Price Decreased | |||
| Jan 22, 2026 | Price Decreased |
$347,500
↓ $3K
(0.7%) | |
| Price Decreased | |||
| Dec 19, 2025 | Listed by US REALTY HUB | $350,000 | |
| Listed by US REALTY HUB | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017