$372,000
↓ $8K (2%)
●
House -
Off Market
1997 Elkins Point Drive
Melbourne, FL 32935
3 Beds
2 Baths
1,676 Ft²
$396,978
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model
About This Property
Refreshed & Move-In Ready! Brand new luxury vinyl plank floors,
crisp light color cabinetry, granite countertops throughout. Calico
Heights is centrally located in Melbourne Florida, just minutes to
shopping, dining, schools, Wickham Park, the King Center for
performing arts and Eastern Florida State College. Close to
Downtown Melbourne, MLB International Airport as well as Holmes
Regional Medical Center. Offering a split bedroom floor plan and
great room style living area, this home feels larger than expected.
Interior laundry room, covered patio, fenced back yard (just needs
side gates). Low HOA fee and 2015 block construction.
Unit Size
1,676 Ft²
Days on Market
34 days
Land Size
0.13 acres
Price per sqft
$224
Property Type
House
Property Taxes
$333
HOA Dues
$42
Year Built
2015
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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: 6 months ago (Space Coast MLS #950690)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 26, 2025 | Price Decreased |
$399,900
↓ $8K
(2%) | |
| Price Decreased | |||
| Jan 14, 2025 | Price Decreased |
$408,000
↓ $10K
(2.4%) | |
| Price Decreased | |||
| Sep 13, 2024 | Listed | $418,000 | |
| Listed | |||
| | |||
|
****Price Reduction !!!****Location for a lifestyle**** Short drive to Satellite Beach known for one of the most popular attractions, the (Berkeley Canal) ****The Manatee Observation Point**** A great place for beach Lovers! Beautiful, immaculate and well maintained 3-bedroom, 2-bath single-family home, built in 2015 with 1,676 square feet and features modern amenities like granite countertops and vinyl plank flooring. ***Low HOA***, fenced backyard with a covered porch, located in a residential area close to Palm Shores and about 14 minutes from Patrick Space Force Base.
Short distance to supermarkets, stores, restaurants and beaches !
****Living close to the beach with a low-maintenance home in the Melbourne area sounds ideal for someone who enjoys coastal living without the hassle of constant upkeep. The proximity to the beach offers easy access to ocean activities!
**** Walking distance to Wickham Park with 391-acres of recreational oasis. Wickham Park offers miles of biking, hiking, and equestrian trails. Melbourne also provides a blend of urban conveniences and natural beauty, making it a desirable location for many.
Take opportunity to own your piece of paradise and make your appointment today!
| |||
| Jan 5, 2023 | Sold | ||
| Sold | |||
| Nov 15, 2022 | Listed by EXP Realty LLC | $375,000 | |
| Listed by EXP Realty LLC | |||
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About Calico Heights
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Listed by: Crystal Canina, EXP Realty LLC
Last Updated: 6 months ago
Data Source: Space Coast MLS, MLS# 950690
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: 6 months ago
Data Source: Space Coast MLS, MLS# 950690
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