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Melbourne 32935 Colony West
2256 Colony Drive
$174,000
● House - Off Market

2256 Colony Drive

Melbourne, FL 32935
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,516 Ft²
$252,115
RealtyHop Estimate
48.39%
Since May 1, 2019
National-US
Primary Model

About This Property

Nicely located on corner lot, this CBS 3/2 with 2 car garage, oversized inside laundry room, Florida room, and screened porch is ready for new owners. Brand new carpet living room. Updates in 2010 include new electric panel, cabinetry/counters/tile in kitchen & baths, laminate flooring in dining & bedrooms.  Convenient Melbourne location  close to shopping, restaurants, schools, airport. Easy access to beaches and I-95 too.  This is an estate sale.  Probate is complete.  Easy to show and sell!
Unit Size
1,516 Ft²
Days on Market
50 days
Land Size
0.20 acres
Price per sqft
$112
Property Type
House
Property Taxes
$259
HOA Dues
-
Year Built
1967

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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%.

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 #835104)

Price History

Date / Event Date Event Price
Apr 18, 2019 Sold
Premium
Sold
Jan 25, 2019 Listed by Coldwell Banker Realty $169,900
Listed by Coldwell Banker Realty
Apr 5, 2010 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • 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: 1
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 8,712
  • Lot Size Depth Feet: 1,030
  • Lot Size Frontage Feet: 758
  • Total Building Area: 1,980
  • Gross Building Area: 1,980
  • Building Area: 1,516
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,516
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLONY WEST SUBD SEC 1
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: COLONY WEST SUBD SEC 1 LOT 10 BLK D

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 064500

Zoning

  • Zoning: R1A

Geography

  • Assessors Map Reference: 294
  • Account Number: 2721123
  • Parcel: 27-37-19-08-0000D.0-0010.00
  • Block: D
  • Lot: 10
  • Meridian: SEC 19 TWN 27S RNG 37E
  • Municipality: MELBOURNE
  • Latitude: 28.1278
  • Longitude: -80.6586

    Address

  • Full Address: 2256 Colony Dr
  • Address - House Number: 2256
  • Address - Street Name: Colony
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Melbourne
  • Carrier Code: C010
  • 4-Digit Zip Code: 3178
  • Zip Code: 32935

Valuation

    Tax

  • Total Area: 1,772
  • Tax Year: 2022
  • Tax Amount: $234,697
  • Tax Rate Code Area: 53K0

    Appraisal Valuation

  • Standard Deviation: 0.2172
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 70
  • Final Value: 315,385
  • High Value: 383,911
  • Low Value: 246,859

    Market Valuation

  • Market Total Value: $229,520

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $172,960

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 17, 2019
  • Current Sale Recording Date: Apr 18, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2019080747
  • Previous Sale Recording Date: Apr 05, 2010
  • Previous Sale Contract Date: Mar 25, 2010
  • Previous Sale Amount: $118,000
  • 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 Colony West

Stats & Trends

Median Asking:

$292,500

Sale Price/ft²

$190

Below Asking

0.01%

Average Days on Market

38

Average Home Size

1495 ft²

Average Home Age

58 years

Currently For Sale

2 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 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
Unit for rent at 2267 Highland Avenue, Melbourne, FL, 32935

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,597 ft²
2267 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: Patricia A Bouchard, Coldwell Banker Realty
Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 835104
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 2256 Colony Drive built and last sold?
The property at 2256 Colony Drive was built in 1967 and last sold on Apr 17, 2019 for $174,000.
How much is this home worth?
The estimated value of the home located at 2256 Colony Drive is $0.
What are some comparable homes to 2256 Colony Drive?
There are currently no comparable homes to 2256 Colony Drive.
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