871 SE Westminster Place
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 |
|---|---|---|---|
| Mar 12, 2026 | Sold | ||
| Sold | |||
| Feb 28, 2026 | In contract | - | |
| In contract | |||
| Feb 14, 2026 | In contract | - | |
| In contract | |||
| Feb 7, 2026 | Listed by RE/MAX of Stuart | $599,000 | |
| Listed by RE/MAX of Stuart | |||
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Lakefront single story charmer in desirable Willoughby Glen. Built in 2002, this popular 2 possible 3-bedroom home features a spacious great room layout and an impressive custom addition built in 2008. This addition is complete with French doors, impact glass, full bath, large closet space offering versatility and comfortable living space. Currently utilized as a gathering/TV room, this flexible space is ideal for a 3rd ensuite bedroom, extended family living, game room, hobby area or more. Tile on the diagonal throughout living area, vaulted ceilings, eat in kitchen with a movable island and abundant storage, natural gas water heater, dryer and piping for gas stove and outdoor kitchen, plantation shutters throughout, whole house generator. 2024 metal roof, refinished screened patio with refinished screened patio with new pavers, and fenced yard. Beautiful landscaping frames the wide lake view, creating a peaceful backdrop for everyday living. Warm, inviting, and impeccably maintained in a sought-after community.
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| Feb 6, 2026 | Price Decreased |
$599,000
↓ $101K
(14.4%) | |
| Price Decreased | |||
Property Highlights
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About Martin
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017