$50,000
●
Condo -
Off Market
2016 Grant #9
Melbourne, FL 32901
2 Beds
1 Bath
1,050 Ft²
$160,054
RealtyHop Estimate
128.65%
Since Mar 1, 2012
National-US
Primary Model
About This Property
BRING AN OFFER, OWNERS MOTIVATED. Downtown Melbourne condo, 2 bdrm,
1 ba., 1,050 sq.ft. One Story End Unit, convenient to everything,
quiet area, perfect for student. This unit has full size washer &
dryer, vaulted ceilings, very roomy. HOA includes homeowners
insurance, cable, lawn, pest control, trash. One-Year Appliance
Warranty Available. Ready for you today, don''t miss this
opportunity to be in the heart of downtown.
Unit Size
1,050 Ft²
Days on Market
879 days
Land Size
-
Price per sqft
$67
Property Type
Condo
Property Taxes
$80
HOA Dues
$210
Year Built
-
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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 #550059)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 5, 2016 | Sold | ||
| Sold | |||
| May 19, 2016 | Listed by Engel & Voelkers Melb Downtown | $100,000 | |
| Listed by Engel & Voelkers Melb Downtown | |||
   | |||
|
Act fast!!! --- Walk to your favorite shops and restaurants, festivals, art shows and bars from this spacious condo thats located IN HISTORIC DOWNTOWN MELBOURNE! Located on Grant Place, this 1 story condo has two bedrooms and one full bath. This gorgeously renovated unit has a open floor plan, new wood floors, updated kitchen, open parking and the property beautifully kept grounds! All this in the most convenient setting, you'll never want to leave. Live in this turn-key property, or lease it out as an investment property with an immediate 10+% return! This property is a steal! Call/text today for a showings! (Sold as-is. Furnishings can purchased in a separate transaction)
| |||
| Feb 10, 2012 | Sold | ||
| Sold | |||
| Sep 15, 2009 | Listed by Coville Getz & Co LLC | $69,999 | |
| Listed by Coville Getz & Co LLC | |||
Property Highlights
Air Conditioning
Interior Details
Full Bathrooms: 1
Interior Features: Open Floorplan, Vaulted Ceiling(s)
Appliances: Dishwasher, Dryer, Electric Range, Refrigerator, Washer
Flooring Type: Carpet, Laminate, Tile
Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
Exterior Details
Has Property Attached
Square Footage: 1050
Square Footage Source: $0
Year Built: 1979
Levels: One
Window Features: Skylight(s)
Construction Materials: Block, Concrete, Stucco
Patio and Porch Features: Porch, Screened
Pool Features: None
Financial Details
Tax Annual Amount: $957
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Pest Control, Trash
HOA/Condo/Coop Amenities: Maintenance Grounds, Management - Full Time
HOA Fee: $210
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/23/2023
|
2 Bed
|
1 Bath
|
1050 ft²
|
$250,000
2 Bed
1 Bath
1050 ft²
|
$225,000
-10.00%
08/01/2023
|
Cassandra Hartford
Curri Kirschner R.E. Group LLC
| |
|
01/17/2018
|
2 Bed
|
1 Bath
|
1050 ft²
|
$134,982
2 Bed
1 Bath
1050 ft²
|
$120,000
-11.10%
05/31/2018
|
Marcie Bolt
Engel & Volkers Melbourne Central
| |
|
05/19/2016
|
2 Bed
|
1 Bath
|
1050 ft²
|
$100,000
2 Bed
1 Bath
1050 ft²
|
$95,000
-5.00%
07/05/2016
|
Cassandra Hartford
Curri Kirschner R.E. Group LLC
| |
|
09/30/2014
|
2 Bed
|
1 Bath
|
1050 ft²
|
$80,000
2 Bed
1 Bath
1050 ft²
|
$80,500
+0.63%
11/03/2014
|
Dave Gaudreau
EXIT 1st Class Realty
| |
|
09/15/2009
|
2 Bed
|
1 Bath
|
1050 ft²
|
$69,999
2 Bed
1 Bath
1050 ft²
|
$50,000
-28.57%
02/10/2012
|
Christine Brown
Coville & Company
|
Building Info
About Melbourne
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Listed by: Christine Platt-Brown, Coville Getz & Co LLC
Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 550059
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: 5 months ago
Data Source: Space Coast MLS, MLS# 550059
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