2016 Grant Place #9
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 |
|---|---|---|---|
| Jul 5, 2016 | Sold | ||
| Sold | |||
| May 19, 2016 | Listed by Engel & Voelkers Melb Downtown | $100,000 | |
| Listed by Engel & Voelkers Melb Downtown | |||
| Feb 10, 2012 | Sold | ||
| Sold | |||
| Sep 15, 2009 | Listed by Coville Getz & Co LLC | $69,999 | |
| Listed by Coville Getz & Co LLC | |||
| |||
|
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.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017