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Melbourne 32935 Bowe Gardens
1933 Madison
$94,500
● House - Off Market

1933 Madison

Melbourne, FL 32935
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,107 Ft²
$198,401
RealtyHop Estimate
98.60%
Since Jun 1, 2013
National-US
Primary Model

About This Property

GORGEOUS Renovation! Light, bright open floor plan. All new tile floors & paint inside & out. Kitchen has all new custom cabinets, counters & stainless appliances. Two new bathrooms with custom tile. Five ceiling fans & New HVAC unit keeps you cool. You''ll love the split floor plan, and fenced backyard with large shade trees. Deck off the kitchen makes cooking out a joy! Enjoy this quite, established neighborhood convenient to shopping, parks, I-95 and only 10 minutes to the beach. Broker/Owner
Unit Size
1,107 Ft²
Days on Market
14 days
Land Size
0.20 acres
Price per sqft
$90
Property Type
House
Property Taxes
$47
HOA Dues
-
Year Built
1957

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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 #666435)

Price History

Date / Event Date Event Price
Oct 22, 2019 Sold
Premium
Sold
Sep 1, 2019 Listed by Mark Palace Properties $155,000
Listed by Mark Palace Properties
May 13, 2013 Sold
Premium
Sold
Apr 25, 2013 Listed by Mark Palace Properties $99,900
Listed by Mark Palace Properties

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • 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: 7
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 35
  • Pool Type: 0
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 8,712
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 755
  • Total Building Area: 1,583
  • Gross Building Area: 1,583
  • Building Area: 1,107
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,107
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BOWE GARDENS SEC A
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: BOWE GARDENS SEC A LOT 14 BLK B

Neighborhood

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

Zoning

  • Zoning: R1A

Geography

  • Assessors Map Reference: 295
  • Account Number: 2723053
  • Parcel: 27-37-20-26-0000B.0-0014.00
  • Block: B
  • Lot: 14
  • Meridian: SEC 20 TWN 27S RNG 37E
  • Municipality: MELBOURNE
  • Latitude: 28.1223
  • Longitude: -80.6525

    Address

  • Full Address: 1933 Madison Ave
  • Address - House Number: 1933
  • Address - Street Name: Madison
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Melbourne
  • Carrier Code: C010
  • 4-Digit Zip Code: 4047
  • Zip Code: 32935

Valuation

    Tax

  • Total Area: 1,401
  • Tax Year: 2022
  • Tax Amount: $177,953
  • Tax Rate Code Area: 53K0

    Appraisal Valuation

  • Standard Deviation: 0.2172
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 70
  • Final Value: 272,103
  • High Value: 331,225
  • Low Value: 212,982

    Market Valuation

  • Market Total Value: $191,930

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $139,790

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 18, 2019
  • Current Sale Recording Date: Oct 22, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2019230774
  • Previous Sale Recording Date: May 13, 2013
  • Previous Sale Contract Date: May 10, 2013
  • Previous Sale Amount: $94,500
  • 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 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 2273 Highland Avenue, Melbourne, FL, 32935

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,597 ft²
2273 Highland Avenue, Melbourne, FL, 32935 Listing by Cheryl L Smith
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 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: Kelly Parker Palace, Mark Palace Properties
Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 666435
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 1933 Madison Avenue built and last sold?
The property at 1933 Madison Avenue was built in 1957 and last sold on Oct 18, 2019 for $156,700.
How much is this home worth?
The estimated value of the home located at 1933 Madison Avenue is $0.
What are some comparable homes to 1933 Madison Avenue?
There are currently no comparable homes to 1933 Madison Avenue.
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