$222,000
●
House -
Off Market
2308 Colonial Drive
Melbourne, FL 32901
3 Beds
2 Baths
1,939 Ft²
$280,810
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model
About This Property
Taking only over list price backup offers only. 3 Bedroom, 2 Bath,
Concrete Block Home, 1939 Sq. Ft. Under Air, on .27 Acre Lot. Built
in 1959. 1 Car Garage &a 1 Car Carport. Well maintained home
with Brand New plumbing, New Roof and 3 yr. old Windows! Home has a
Split bedroom, Open Floorplan. Newer Upgraded Kitchen & Baths with
Solid Wood Cabinets & Granite Countertops. Kitchen made for a
Gourmet Chef. Home also has a Formal living room as well as a Large
family room. Newly Painted Inside & Out. Tile Flooring throughout
all main areas of the Home & Terrazzo floors in all 3 bedrooms.
Home has updated Lighting & Plumbing Fixtures. Amazing attic fan to
help cool off the house! Fenced property has plenty of room for
gardening. Right around the corner to downtown Melbourne! FHA/VA
Financeable. Financeable.
Unit Size
1,939 Ft²
Days on Market
20 days
Land Size
0.27 acres
Price per sqft
$108
Property Type
House
Property Taxes
$249
HOA Dues
-
Year Built
1959
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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 #885405)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 8, 2025 | Sold | ||
| Sold | |||
| Mar 8, 2025 | In contract | - | |
| In contract | |||
| Feb 28, 2025 | Listed by RE/MAX Elite | $370,000 | |
| Listed by RE/MAX Elite | |||
| | |||
|
SPACIOUS & UPDATED 3/2 home in a Great Neighborhood near downtown & golf course. Large Chef's Kitchen open to Dining, Family and Living room making it the heart of this home. Separate living & family room. Extra large Primary with ensuite Bath and walk-in California closet. Third bedroom on the other side of the house would make an amazing home office. Terrazzo and tile floors, NO CARPET. Screened porch & lots of patio/courtyard space for outdoor living. Fenced Backyard with room to park an RV or Boat. Detached one-car garage with work area & carport with plenty of additional parking. Updated windows, the majority of them being impact-rated. Roof and plumbing replaced 2020. New gas water heater 2024. Inside Laundry room with Washer & Dryer. Close to Harris, Northrup, FIT, and the airport, this is the perfect location. Feels like Country Living in the middle of the City.
| |||
| Oct 8, 2020 | Sold | ||
| Sold | |||
| Sep 15, 2020 | Listed by Burley Properties | $210,000 | |
| Listed by Burley Properties | |||
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About Melbourne
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Listed by: Lynn Burley, Burley Properties
Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 885405
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# 885405
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