Off MarketRisky Deal2 days on market
398 NE 8th Street
398 NE 8th Street, Boca Raton, FL 33432, Boca Raton, FL 33432
$3,890,000
Listing Price
398 NE 8th Street, Boca Raton, FL 33432
Loc: Boca Raton, FL
Days Listed
2
Tax Assessed
$2534k
Lot Size
9,148 sqft
Type
single family
More Than Just a Property
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4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
7
Boca Raton Elementary School
PK-5
0.9 mi away
8
Boca Raton Community Middle School
6-8
2 mi away
6
Boca Raton Community High School
9-12
2.4 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
luxurystuccotwo-storycolonial-revivalbalconylandscapedtropicalshuttersgated-communitycurb-appealmanicured-lawnmodern-classicinvitingresidential
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
6.15%
Total ROI
92.6%
Cash Flow
$-236/mo
DSCR
0.99
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-236/mo net cash flow with a 6.2% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.2%)
- • Strong rental demand in Boca Raton
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2023-06-28 | Sold | $2,950,000 | $801 |
| 2023-05-30 | Contingent | $3,395,000 | $922 |
| 2023-01-28 | Listed for sale | $3,395,000 | $922 |
| 2016-03-04 | Sold | $1,630,000 | $443 |
| 2016-02-05 | Pending sale | $1,650,000 | $448 |
| 2015-07-16 | Price change | $1,650,000 | $448 |
| 2014-12-06 | Price change | $1,599,000 | $434 |
| 2014-10-21 | Price change | $1,450,000 | $394 |
| 2014-04-24 | Listed for sale | $1,400,000 | $380 |
| 2013-12-27 | Sold | $310,000 | $84 |
| 2005-08-05 | Sold | $600,000 | $163 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $43,444 | $2,533,944 |
| 2024 | $46,013 | $2,684,114 |
| 2023 | $45,955 | $2,658,062 |
| 2022 | $25,406 | $1,468,255 |
| 2021 | $25,332 | $1,425,490 |
| 2020 | $24,976.58 | $1,405,809 |
| 2019 | $24,735.58 | $1,374,202 |
| 2018 | $24,735.58 | $1,414,649 |
| 2017 | $24,704.2 | $1,385,552 |
| 2016 | $24,568.4 | $1,273,199 |
| 2015 | $23,858.6 | $390,301 |
| 2014 | $7,572.75 | $364,046 |
| 2013 | $5,550.59 | $257,183 |
| 2012 | $4,889.41 | $233,803 |
| 2011 | $4,861.13 | $229,959 |
| 2010 | $6,265.85 | $300,495 |
| 2009 | $6,497.7 | $326,845 |
| 2008 | $7,581.58 | $420,062 |
| 2007 | $9,116.34 | $508,912 |
| 2006 | $10,006.7 | $514,355 |
| 2005 | $0 | $120,348 |
| 2004 | $1,015.81 | $116,843 |
| 2003 | $104 | $114,664 |
| 2002 | $1,889.81 | $111,977 |
| 2001 | $1,884.64 | $110,214 |
| 2000 | $1,811.87 | $107,004 |
| 1999 | $1,589.82 | $126,356 |
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