Immaculate Townhouse Near Innisbrook
303 OLD MILL POND ROAD 303 Palm Harbor, FL 34683
303 OLD MILL POND ROAD 303, Palm Harbor, FL, 34683
$365,000
For Sale
$365,000
Spacious 3-bedroom townhouse with recent updates and community amenities.
Property Size2,004 SF
Lot Size0.05 Acres
Price / SF$182.14
Days on Market677
Property Features for 303 OLD MILL POND ROAD 303
General Information
- Standard status
- Active
- Size
- 2,004 SF
- Lot size
- 0.05 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1978
Listing Agency
1% LISTS CENTRAL FLORIDA
(727) 656-3788
Listed by
Ryan Diaz · License #3489136
(727) 656-3788
Source
Exitrealty
Added: Sep 12, 2024 Updated: Jul 6 at 12:08 pm Checked: May 20 at 12:19 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 1% LISTS CENTRAL FLORIDA
Investment Insights
Based on property information with market context.
This two-story townhouse features a spacious, open layout with three bedrooms and 2.5 baths. Details include a fireplace and an in-unit laundry room, along with extra storage space. A covered carport is included. The roof was replaced in 2019, and a new A/C unit was installed in 2020. The property is located in a private community with mature landscaping. HOA fees cover water, sewer, trash, basic cable, high-speed internet, exterior insurance, grounds maintenance, pest control, and reserve funds. Situated north of Innisbrook Golf Resort, the townhouse is also near beaches and dining options. The property size is 2004 square feet.
Key Highlights
- Prime Location: Moments from pristine beaches, exquisite dining, and just north of Innisbrook Golf Resort.
- Worry‑Free Living: HOA covers water, sewer, trash, basic cable, high‑speed internet, exterior insurance, grounds maintenance, pest control, and reserve funds.
- Updated and Move‑In Ready: Features a new roof (2019) and A/C unit (2020).
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.1k | $18.00 |
| − Vacancy | −$2.6k | −$1.28 |
| EGI | $33.5k | $16.72 |
| − OpEx | −$15.1k | −$7.52 |
| NOI | $18.4k | $9.20 |
2,004 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$263.3K
$230.4K – $307.2K
NOI $18,431 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$521.3K
$456.1K – $608.1K
NOI $36,488 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Spacious 3-bedroom townhouse with recent updates and community amenities.
Where is this residential income property located?
The property is located at 303 OLD MILL POND ROAD 303 Palm Harbor, FL.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Prime Location: Moments from pristine beaches, exquisite dining, and just north of Innisbrook Golf Resort.; Worry‑Free Living: HOA covers water, sewer, trash, basic cable, high‑speed internet, exterior insurance, grounds maintenance, pest control, and reserve funds.; Updated and Move‑In Ready: Features a new roof (2019) and A/C unit (2020).
