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Melbourne 32935 Bowe Gardens
1651 Arthur Avenue
$185,000
● House - Off Market

1651 Arthur Avenue

Melbourne, FL 32935
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
988 Ft²
$1,101
Est. Monthly
13.12%
Cap Rate

About This Property

You have just found your new Home!!  This 3 bedroom 1 1/2 Bath home offers an open floor plan, Imported tile in main living areas, carpet in 2 bedrooms and laminate in the 3rd.  There is a huge private Breezeway used for covered entertainment that could potentially be turned into another 530 sq. ft. of living space. The oversize 33' deep 11/2 car garage has tons of space, Laundry hookups, slop sink and a garage door at both ends. The privacy fenced back yard offers a 16x13 wood deck for entertaining or BBQs.  There is RV, Boat, Trailer parking next to the garage.  With a little TLC this wonderful house could be your HOME.
Unit Size
988 Ft²
Days on Market
89 days
Land Size
0.18 acres
Price per sqft
$218
Property Type
House
Property Taxes
$45
HOA Dues
-
Year Built
1960

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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: 5 months ago (Space Coast MLS #973733)

Price History

Date / Event Date Event Price
Jan 8, 2024 Sold
Premium
Sold
Aug 29, 2023 Listed by Coldwell Banker Paradise $214,900
Listed by Coldwell Banker Paradise
Nov 6, 1996 Sold
Premium
Sold
Oct 5, 1994 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1997
  • 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: 1
  • Garage Square Area: 190
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 59
  • Pool Type: 0
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 7,841
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 702
  • Total Building Area: 1,868
  • Gross Building Area: 1,868
  • Building Area: 988
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 988
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BOWE GARDENS SEC C 1
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: BOWE GARDENS SEC C 1 LOT 5 BLK BB

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 064302

Zoning

  • Zoning: R1A

Geography

  • Assessors Map Reference: 295
  • Account Number: 2723225
  • Parcel: 27-37-20-28-000BB.0-0005.00
  • Block: BB
  • Lot: 5
  • Meridian: SEC 20 TWN 27S RNG 37E
  • Municipality: MELBOURNE
  • Latitude: 28.123
  • Longitude: -80.6472

    Address

  • Full Address: 1651 Arthur Ave
  • Address - House Number: 1651
  • Address - Street Name: Arthur
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Melbourne
  • Carrier Code: C010
  • 4-Digit Zip Code: 5101
  • Zip Code: 32935

Valuation

    Tax

  • Total Area: 1,306
  • Tax Year: 2022
  • Tax Amount: $54,009
  • Tax Rate Code Area: 53K0

    Appraisal Valuation

  • Standard Deviation: 0.0843
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 93
  • Final Value: 206,794
  • High Value: 224,246
  • Low Value: 189,341

    Market Valuation

  • Market Total Value: $175,690

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $51,140

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 28, 2023
  • Current Sale Recording Date: Jan 08, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4065
  • Previous Sale Recording Date: Nov 06, 1996
  • Previous Sale Contract Date: Nov 01, 1996
  • Previous Sale Amount: $52,000
  • 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 Bowe Gardens

Stats & Trends

Median Asking:

$260,900

Sale Price/ft²

$188

Below Asking

0.03%

Average Days on Market

77

Average Home Size

1260 ft²

Average Home Age

63.6 years

Currently For Sale

21 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 2277 Highland Avenue, Melbourne, FL, 32935

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,597 ft²
2277 Highland Avenue, Melbourne, FL, 32935 Listing by Cheryl L Smith
Unit for rent at 2267 Highland Avenue, Melbourne, FL, 32935

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,597 ft²
2267 Highland Avenue, Melbourne, FL, 32935 Listing by Cheryl L Smith
Unit for rent at 2261 Highland Avenue, Melbourne, FL, 32935

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,597 ft²
2261 Highland Avenue, Melbourne, FL, 32935 Listing by Cheryl L Smith

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Paul Frommann II, Coldwell Banker Paradise
Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 973733
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 1651 Arthur Avenue built and last sold?
The property at 1651 Arthur Avenue was built in 1960 and last sold on Dec 28, 2023 for $185,000.
How much is this home worth?
The estimated value of the home located at 1651 Arthur Avenue is $0.
What are some comparable homes to 1651 Arthur Avenue?
There are currently no comparable homes to 1651 Arthur Avenue.
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