2012 Grant Place #202
About This Property
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 15, 2024 | Sold | ||
| Sold | |||
| Feb 12, 2024 | Listed by EXP Realty, LLC | $249,900 | |
| Listed by EXP Realty, LLC | |||
| |||
|
Located in Historic Downtown Melbourne, this 2nd floor, 2 bedroom, 1.5 bath unit comes completely updated and fully furnished with an urban NYC loft vibe, metal wrapped beams, brick finished walls, and high ceilings. Features 9' double pane sliding glass door, tile floors throughout, Roof (2018), AC (2019), and stainless steel appliances. The master suite is complete with upgraded double pane window and huge double closet. Operated as an Air BnB Super Host for almost 3 years, this unit comes with its own established, up-and-running Book of Business! Directly next door to Main Street Pub and walking distance to every restaurant, shop, and hot spot that Downtown Melbourne has to offer!
| |||
| Jun 15, 2021 | Sold | ||
| Sold | |||
| Apr 29, 2021 | Listed by Realty World Curri Properties | $199,000 | |
| Listed by Realty World Curri Properties | |||
| Jun 9, 2015 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/12/2024
|
2 Bed
|
15 Bath
|
1050 ft²
|
$249,900
2 Bed
15 Bath
1050 ft²
|
$245,000
-1.96%
03/14/2024
|
Ryan Gish
EXP Realty, LLC
| |
|
04/29/2021
|
2 Bed
|
1 Bath
|
1050 ft²
|
$199,000
2 Bed
1 Bath
1050 ft²
|
$203,000
+2.01%
06/11/2021
|
Karen DAlberto
Curri Properties
| |
|
02/03/2021
|
2 Bed
|
1 Bath
|
1050 ft²
|
$176,900
2 Bed
1 Bath
1050 ft²
|
$181,300
+2.49%
04/19/2021
|
Karen DAlberto
Curri Properties
| |
|
12/23/2020
|
2 Bed
|
1 Bath
|
1050 ft²
|
$174,900
2 Bed
1 Bath
1050 ft²
|
$167,000
-4.52%
04/12/2021
|
Karen DAlberto
Curri Properties
| |
|
10/21/2019
|
2 Bed
|
1 Bath
|
1050 ft²
|
$130,000
2 Bed
1 Bath
1050 ft²
|
$125,000
-3.85%
12/27/2019
|
Mollie Cole
Keller Williams Realty Brevard
| |
|
01/16/2015
|
2 Bed
|
2 Bath
|
-
|
$64,900
2 Bed
2 Bath
|
$63,000
-2.93%
06/04/2015
|
Andrew Fisher
NextHome Realty Professionals
| |
|
04/30/2012
|
2 Bed
|
1 Bath
|
1050 ft²
|
$54,900
2 Bed
1 Bath
1050 ft²
|
$54,900
05/18/2012
|
Bonnie Jacobsen
RE/MAX Alternative Realty
|
Building Info
About Melbourne
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017