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Cocoa 32922
1501 Melrose Street
$175,000
● House - Off Market

1501 Melrose Street

Cocoa, FL 32922
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,300 Ft²
$207,922
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Beautiful 3 bedroom, 2 bath home in the heart of Cocoa, nicely updated! This home features a private gated entry, newer metal roof for durability, and a large backyard with storage sheds and an above ground pool! Inside, the home features a beautiful foyer entry, large updated kitchen that opens to the living area, and so much more. The rustic back porch is great for entertaining, with an outdoor kitchen and lots of space! Metal roof is 2016, A/C system is 2017! Don't miss this one!
Unit Size
1,300 Ft²
Days on Market
11 days
Land Size
0.23 acres
Price per sqft
$138
Property Type
House
Property Taxes
$33
HOA Dues
-
Year Built
1957

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 6 months ago (Space Coast MLS #908854)

Price History

Date / Event Date Event Price
Jul 9, 2021 Sold
Premium
Sold
Jun 27, 2021 Listed by RE/MAX Solutions $179,900
Listed by RE/MAX Solutions
Sep 27, 2019 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 2015
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 0
  • Building Quality: 13
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 342
  • Parking Space Count: 0
  • Patio Type: 38
  • Porch Type: 35
  • Pool Type: 0
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 10,019
  • Lot Size Depth Feet: 1,850
  • Lot Size Frontage Feet: 530
  • Total Building Area: 1,404
  • Gross Building Area: 1,404
  • Building Area: 1,404
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 14
  • Heated Square Feet: 1,404
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ATKINSONS SUB REPLAT OF LOTS 9,10
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: ATKINSONS SUB REPLAT OF LOTS 9,10 E 1/2 OF LOT 5

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 062302

Zoning

  • Zoning: RU-1-7

Geography

  • Assessors Map Reference: 157
  • Account Number: 2416731
  • Parcel: 24-36-20-56-00000.0-0005.00
  • Lot: 5
  • Meridian: SEC 20 TWN 24S RNG 36E
  • Municipality: UNINCORP DISTRICT 2
  • Latitude: 28.3798
  • Longitude: -80.7534

    Address

  • Full Address: 1501 Melrose St
  • Address - House Number: 1501
  • Address - Street Name: Melrose
  • Address - Suffix Type: St
  • State: FL
  • City Name: Cocoa
  • Carrier Code: C005
  • 4-Digit Zip Code: 6524
  • Zip Code: 32922

Valuation

    Tax

  • Total Area: 826
  • Tax Year: 2022
  • Tax Amount: $256,643
  • Tax Rate Code Area: 2300

    Appraisal Valuation

  • Standard Deviation: 0.2228
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 69
  • Final Value: 261,645
  • High Value: 319,942
  • Low Value: 203,349

    Market Valuation

  • Market Total Value: $165,920

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $165,920

    Sales

  • Current Sale Contract Date: Jul 08, 2021
  • Current Sale Recording Date: Jul 09, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021178534
  • Previous Sale Recording Date: Sep 27, 2019
  • Previous Sale Contract Date: Sep 23, 2019
  • Previous Sale Amount: $42,500
  • 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 Cocoa

Stats & Trends

Median Asking:

$265,000

Sale Price/ft²

$195

Below Asking

0.03%

Average Days on Market

75

Average Home Size

1836 ft²

Average Home Age

45.4 years

Currently For Sale

157 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 15 Travis Street, Cocoa, FL, 32922

$2,200 /mo

  • 2 Beds
  • 2 Baths
  • 1,126 ft²
15 Travis Street #101, Cocoa, FL, 32922 Listing by Dawn Capehart
Unit for rent at 340 Sorrento Drive, Cocoa, FL, 32922

$2,400 /mo

  • 3 Beds
  • 2 Baths
  • 1,672 ft²
340 Sorrento Drive, Cocoa, FL, 32922 Listing by Samantha Sarver

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Michael J Artelli, RE/MAX Solutions
Last Updated: 6 months ago
Data Source: Space Coast MLS, MLS# 908854
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 1501 Melrose Street built and last sold?
The property at 1501 Melrose Street was built in 1957 and last sold on Jul 8, 2021 for $175,000.
How much is this home worth?
The estimated value of the home located at 1501 Melrose Street is $0.
What are some comparable homes to 1501 Melrose Street?
There are currently no comparable homes to 1501 Melrose Street.
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