17
Map
$410,000
●
House -
Off Market
1402 Payette Lane
Melbourne, FL 32904
4 Beds
2 Baths
2,236 Ft²
$448,772
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model
About This Property
Beautiful 4 bedroom/2 bath home is move-in-ready & located in a
quiet neighborhood. Home has open floor plan w/formal livingroom &
dining area. Great room for relaxing, watching TV or entertaining.
Huge kitchen boasts counter/island, large pantry & dinette area.
Separate laundry room leads to 2 car garage w/attic & stairs. 3
bedrooms & 1 bath on east side for family/visitors. Linen closet
outside bath w/door to patio. Entire westside features a spacious
master suite with walk-in closet, ensuite bath with garden tub,
shower & dual sinks. Sliding doors off livingroom lead to
enclosed patio overlooking a huge backyard with PVC privacy fencing
& lots of space for entertaining, children & pets to play. Roof
replaced in 2020, A/C replaced in 2018. Close to schools, churches,
& beaches!
Unit Size
2,236 Ft²
Days on Market
134 days
Land Size
0.19 acres
Price per sqft
$201
Property Type
House
Property Taxes
$384
HOA Dues
$300
Year Built
2003
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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: 4 months ago (Space Coast MLS #958647)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 27, 2024 | Sold | ||
| Sold | |||
| Nov 14, 2024 | In contract | - | |
| In contract | |||
| Oct 16, 2024 | Listed by RE/MAX Aerospace Realty | $439,900 | |
| Listed by RE/MAX Aerospace Realty | |||
| | |||
|
Room to Roam in this Executive (Ascott Palm Model) 4 Bedroom Home in Oak Grove of West Melbourne. Tastefully Updated - Just Bring Your Toothbrush and Relax! Upon Entering You'll Find a Charming Sitting Room/Office and a Formal Dining Area. Go Straight Ahead to a Huge, Familyroom Which Opens to the Fully Applianced, Stainless Steel Kitchen. The Open Floorplan Offers a Center Island Breakfast Bar and Breakfast Nook Overlooking the Huge Family room. Inviting Primary Suite Offers a Spacious Bath with Double Sinks, Soaking Tub and Step-in Shower. Everyone Loves a Split Bedroom Plan! Bedroom 2 Offers Custom Built-ins :) Remodeled ''Pool'' Bath with Huge Step-in Shower. Fully Enclosed Back Porch and (Vinyl) Fenced Backyard. New Epoxy Garage Floor. Roof 2020, AC 2019, Hurricane Shutters. Great Location Close to Major Employers, Schools, Universities, Doctors, Shopping and Only 12 Minutes to the Beach. Come Make This Your Forever Home!
| |||
| Jul 18, 2023 | Sold | ||
| Sold | |||
| Mar 2, 2023 | Listed by Jenkins Realty | $450,000 | |
| Listed by Jenkins Realty | |||
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Property Highlights
Garage
Parking Available
Air Conditioning
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Oak Grove at West Melbourne
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Currently no similar homes aroundNearby Rentals
Listed by: Alfred T Jenkins, Jenkins Realty
Last Updated: 4 months ago
Data Source: Space Coast MLS, MLS# 958647
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.
Last Updated: 4 months ago
Data Source: Space Coast MLS, MLS# 958647
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