Canal Front Home in
1562 SANDERLING DRIVE Englewood, FL 34224
1562 SANDERLING DRIVE, Englewood, FL, 34224
$159,900
For Sale
$159,900
Spacious canal front home with optional Edgewater Club membership.
Property Size1,508 SF
Lot Size0.18 Acres
Price / SF$106.03
Days on Market600
Property Features for 1562 SANDERLING DRIVE
General Information
- Standard status
- Active
- Size
- 1,508 SF
- Lot size
- 0.18 Acres
- Property subtype
- Mobile Home
Building Details
- Year Built
- 1983
Listing Agency
KEY REALTY, INC.
(941) 474-3228
Listed by
Chris Clayton · License #705639
(941) 474-3228
Source
Exitrealty
Added: Nov 26, 2024 Checked: Jul 17 at 4:23 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 KEY REALTY, INC.
Investment Insights
Based on property information with market context.
This spacious canal front home is located in the sought-after community of Holiday Mob Estates III. The 1,508 square-foot property features an oversized living room, dining area, and family room/kitchen. Both of the two large bedrooms offer ample space for king-size beds. The living, dining, and family rooms include built-in shelving and cabinets for additional storage. The kitchen is equipped with an island cooktop and breakfast bar, while the family room features a wet bar, ideal for entertaining. Post-Hurricane Ian updates include a new shingle roof, carport, vapor barrier, and insulation under the home, with soft areas of the floor having been replaced. The side porch offers multiple options: covered, screened, enclosed, or remaining as a porch. Sliding doors from the family room and master bedroom provide access to the side porch. The property is conveniently located close to beaches, shopping, dining, and golf courses. An Edgewater Club membership is optional for $315.00 yearly. A shed and laundry area are still required.
Key Highlights
- Canal front property in desirable Holiday Mob Estates III.
- Spacious layout with oversized living room, dining area, and family room/kitchen.
- Recent upgrades include new shingle roof, carport, vapor barrier, and insulation.
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 | $30.2k | $20.04 |
| − Vacancy | −$6.0k | −$3.99 |
| EGI | $24.2k | $16.05 |
| − OpEx | −$10.9k | −$7.22 |
| NOI | $13.3k | $8.83 |
1,508 SF · lease $20.04/SF/yr · vacancy 19.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$190.2K
$166.4K – $221.9K
NOI $13,314 @ 7.0% cap · market cap 8.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$493.8K
$432.0K – $576.1K
NOI $34,563 @ 7.0% cap · market cap 21.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
Similar For Sale Nearby
FAQs
What type of property is this?
Mobile home & RV park - Spacious canal front home with optional Edgewater Club membership.
Where is this mobile home & rv park located?
The property is located at 1562 SANDERLING DRIVE Englewood, FL.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Canal front property in desirable Holiday Mob Estates III.; Spacious layout with **oversized living room, dining area, and family room/kitchen.**; Recent upgrades include **new shingle roof, carport, vapor barrier, and insulation.**
