929 SE Stypmann
About This Property
Home sits on a corner lot comprised of 3 home sites (.35 Acre). Right in front of home is Lake Clark Park; a small, peaceful lake with two fountains.
a€¢ Built 1958
a€¢ Concrete Block Construction adorned with Hardy Board
a€¢ 1336 sq. ft. Living space
a€¢ 1672 Total sq. ft.
a€¢ Shed 100 sq. ft. Frame with Hardy Board
a€¢ Lot sq. ft. 15,006, Acreage 0.35 ( 114 X 125 )
a€¢ 3 bedrooms & 1 Full Bath
a€¢ All remodeled: new Kitchen, New Bath, New Cherry wood Floors
a€¢ Gas Stove
a€¢ Central Air Conditioner Replaced 2007
a€¢ Hot Water Heater 2007
a€¢ City Water
a€¢ Septic
a€¢ $220,000.
a€¢ Subdivision Lake Clark
a€¢ No HOA
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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 |
|---|---|---|---|
| Nov 7, 2024 | Price Decreased |
$499,888
↓ $20K
(3.9%) | |
| Price Decreased | |||
| Jul 12, 2024 | Listed | $520,000 | |
| Listed | |||
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Updated mid-century modern home located very close to downtown Stuart, the beaches. Across the street is a lovely pond with flocks of ducks for your enjoyment. The home features vaulted ceilings with wooden beams giving the spaces a cottage, spacious feeling. The home features, wood floors, updated kitchen and bathrooms, city water and sewer. Property is large with has lots of room to roam. Great investment for the future. A charming home sitting on 2.5 lots thus offering the possibility to redevelop and build two new homes now or in the future. Already, new homes are being built close by, one block south of East Ocean Blvd.
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| Mar 25, 2023 | No longer available | - | |
| No longer available | |||
| Feb 26, 2023 | Price Decreased |
$485,000
↓ $15K
(3%) | |
| Price Decreased | |||
| Jan 19, 2023 | Listed by ILLUSTRATED PROPERTIES | $499,888 | |
| Listed by ILLUSTRATED PROPERTIES | |||
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Updated mid-century modern home very close to downtown Stuart. This charming home is situated on approximately 2.5 lots, which makes it possible to tear down the existing structure and building 2 new homes. Only minutes to Downtown & the Beaches. This property is directly across the street from a small pond with great vistas overlooking the water and duck brigades. The neighbor to the east is a commercial property fronting on Palm Beach Road, so even more space on that side of the home. For those of you who want to keep the existing home & enjoy the oversized property with plenty of privacy. The home has vaulted wood beamed ceilings and wood floors. Updated kitchen & bath. The manager has listed the unit size as 1336 square feet.
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About Stuart
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017