For SaleExcellent Deal21 days on market
815 Andrew Redding Road #202
815 Andrew Redding Road #202, Lantana, FL 33462, Lantana, FL 33462
$188,000
Estimate®:$178,500
Listing Price
815 Andrew Redding Road #202, Lantana, FL 33462
Loc: Lantana, FL
Days Listed
21
Tax Assessed
$160k
Estimate®
$179k
Market Rate
Rent Estimate
$1,976/mo
Est. Cash Flow base
Type
condo
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.
3
Barton Elementary School
PK-5
0.3 mi away
3
Lantana Middle School
6-8
0.8 mi away
2
Lake Worth High School
PK,9-12
1.7 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
Condominium1984CentralCentral Air1 Parking space$440 monthly21 Days$203
Haven AI Verdict
Recommendation
Excellent
Confidence Score: 8/10
Strong rental demand expected in this area (98% occupancy rate).
Turnkey property requiring minimal initial CapEx.
Cap Rate
7.92%
Total ROI
131.0%
Cash Flow
$265/mo
DSCR
1.27
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $265/mo net cash flow with a 7.9% cap rate. Underwriting indicates excellent fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (7.9%)
- • Strong rental demand in Lantana
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 |
|---|---|---|---|
| 2026-09-04 | Listed for sale | $188,000 | $203 |
| 2026-07-01 | Listing removed | $196,000 | $212 |
| 2026-04-13 | Listed for sale | $196,000 | $212 |
| 2004-01-08 | Sold | $37,000 | $40 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $2,785 | $95,580 |
| 2024 | $2,562 | $86,891 |
| 2023 | $2,407 | $78,992 |
| 2022 | $2,436 | $71,811 |
| 2021 | $2,038 | $65,283 |
| 2020 | $1,677.98 | $59,348 |
| 2019 | $1,583.84 | $53,953 |
| 2018 | $1,583.84 | $57,000 |
| 2017 | $1,456.32 | $55,000 |
| 2016 | $1,318.72 | $40,535 |
| 2015 | $1,263.64 | $36,850 |
| 2014 | $1,050.14 | $33,500 |
| 2013 | $1,080.14 | $35,000 |
| 2012 | $817.78 | $33,000 |
| 2011 | $943.12 | $38,000 |
| 2010 | $1,034.89 | $42,000 |
| 2009 | $1,608.92 | $70,020 |
| 2008 | $1,973.07 | $95,918 |
| 2007 | $2,132.06 | $105,000 |
| 2006 | $2,348.92 | $105,000 |
| 2005 | $0 | $73,500 |
| 2004 | $1,175.6 | $70,000 |
| 2003 | $53 | $49,000 |
| 2002 | $919.07 | $37,000 |
| 2001 | $930.82 | $37,000 |
| 2000 | $885.63 | $37,000 |
| 1999 | $814.24 | $37,000 |
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