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Melbourne 32901 Indian River Bluff
104 Cherry Street
$125,000
● House - Off Market

104 Cherry Street

Melbourne, FL 32901
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,374 Ft²
$737
Est. Monthly

About This Property

Investor Alert!! This handyman special is located in a great central Melbourne location near top rated schools, shopping, dining, and major businesses. The owner is already starting the remodel for you by putting on a new roof before closing! Come put your final touches on it!
Unit Size
1,374 Ft²
Days on Market
23 days
Land Size
0.19 acres
Price per sqft
$109
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1973

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

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%.

How much can I actually make?

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.

Last updated: 2 years ago (Space Coast MLS #1048405)

Price History

Date / Event Date Event Price
Jun 30, 2025 Sold
Premium
Sold
Jun 10, 2025 In contract -
In contract
Jun 4, 2025 Listed by Denovo Realty $150,000
Listed by Denovo Realty
Jul 1, 2009 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1985
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 10
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 15
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 38
  • Porch Type: 126
  • Pool Type: 0
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 8,276
  • Lot Size Depth Feet: 1,280
  • Lot Size Frontage Feet: 636
  • Total Building Area: 1,564
  • Gross Building Area: 1,564
  • Building Area: 1,374
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,374
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: INDIAN RIVER BLUFF AMENDED PLAT NO 2
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: INDIAN RIVER BLUFF AMENDED PLAT NO 2 PART OF LOTS 110 & 111 AS DES IN ORB 1358 PG 178

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 064800

Zoning

  • Zoning: R1AA

Geography

  • Assessors Map Reference: 305
  • Account Number: 2728283
  • Parcel: 27-37-27-51-00000.0-0110.00
  • Lot: 110
  • Meridian: SEC 27 TWN 27S RNG 37E
  • Municipality: MELBOURNE
  • Latitude: 28.1
  • Longitude: -80.6195

    Address

  • Full Address: 104 Cherry St
  • Address - House Number: 104
  • Address - Street Name: Cherry
  • Address - Suffix Type: St
  • State: FL
  • City Name: Melbourne
  • Carrier Code: C012
  • 4-Digit Zip Code: 1464
  • Zip Code: 32901

Valuation

    Tax

  • Total Area: 1,426
  • Tax Year: 2022
  • Tax Amount: $55,119
  • Tax Rate Code Area: 53K0

    Appraisal Valuation

  • Standard Deviation: 0.2177
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 70
  • Final Value: 262,487
  • High Value: 319,635
  • Low Value: 205,339

    Market Valuation

  • Market Total Value: $132,060

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $53,160

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 19, 2009
  • Current Sale Recording Date: Jul 01, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2009121864
  • Previous Sale Recording Date: Aug 03, 1993
  • Previous Sale Contract Date: Jul 28, 1993
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Indian River Bluff

Stats & Trends

Median Asking:

$324,950

Sale Price/ft²

$203

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1615 ft²

Average Home Age

52 years

Currently For Sale

1 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 208 W Seminole Avenue, FL, 32901

$2,300 /mo

  • 1 Bed
  • 1 Bath
  • 505 ft²
208 W Seminole Avenue #4, FL, 32901 Listing by Nathan Doyle
Unit for rent at 304 Darrow Avenue, Melbourne, FL, 32901

$2,300 /mo

  • 4 Beds
  • 2 Baths
  • 1,759 ft²
304 Darrow Avenue, Melbourne, FL, 32901 Listing by Karen L Brown
Unit for rent at 300 Darrow Avenue, Melbourne, FL, 32901

$2,500 /mo

  • 4 Beds
  • 2 Baths
  • 1,732 ft²
300 Darrow Avenue, Melbourne, FL, 32901 Listing by Karen L Brown

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Mark Craig Richardson Jr., Denovo Realty
Last Updated: 2 years ago
Data Source: Space Coast MLS, MLS# 1048405
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Frequently Asked Questions

When was property at 104 Cherry Street built and last sold?
The property at 104 Cherry Street was built in 1973 and last sold on Jun 19, 2009 for $99,900.
How much is this home worth?
The estimated value of the home located at 104 Cherry Street is $0.
What are some comparable homes to 104 Cherry Street?
There are currently no comparable homes to 104 Cherry Street.
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