$195,000
●
House -
Off Market
2395 Colony Drive
Melbourne, FL 32935
4 Beds
2 Baths
1,638 Ft²
$295,357
RealtyHop Estimate
51.47%
Since Nov 1, 2018
National-US
Primary Model
About This Property
WELL MAINTAINED 4 BEDROOM POOL HOME WITH MANY UPGRADED FEATURES!
OVERSIZED CORNER LOT WITH PRIVACY FENCED YARD...BOAT OR RV PARKING
PAD! This split floor plan secludes the master suite away from
other bedrooms which is perfect for family living. Garage was
converted into an extra Family room but could be used as 5th BR or
office. Formal living room, dining room, inside laundry room &
eat-in kitchen overlooking the screened pool area. New A/C (2004)
New roof (2005) New screen patio (2014) Pool resurface (2014)
Re-wired electric (2015) New water heater (2017) New electric panel
(2018) & New laminate flooring (2018) Relax on your screened patio
and swim in your solar heated pool while enjoying your large back
yard with privacy fence surrounding...BACK YARD PARADISE IN A
CONVENIENT LOCATION!!
Unit Size
1,638 Ft²
Days on Market
36 days
Land Size
0.19 acres
Price per sqft
$119
Property Type
House
Property Taxes
$62
HOA Dues
-
Year Built
1969
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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: 6 months ago (Space Coast MLS #821691)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 28, 2025 | Sold | ||
| Sold | |||
| Jan 1, 2025 | In contract | - | |
| In contract | |||
| Nov 24, 2024 | Price Decreased |
$399,999
↓ $4K
(1%) | |
| Price Decreased | |||
| Oct 15, 2024 | Price Decreased |
$404,000
↓ $4K
(1%) | |
| Price Decreased | |||
| Sep 5, 2024 | Listed by Pristine Property Group, LLC | $408,000 | |
| Listed by Pristine Property Group, LLC | |||
| | |||
|
Explore this beautifully maintained 5-bedroom pool home with numerous upgrades! Its situated on a large corner lot and features a privacy-fenced yard with extra parking or a designated boat/RV pad. The house includes a formal living room, dining room, and a kitchen that overlooks the screened pool area, making it ideal for hosting gatherings. Inside, you'll find a freshly painted interior, an updated master bath, an upgraded laundry room with counter space, shelves, and a built-in custom pantry. The garage has been converted into a 5th additional bedroom, but can be converted back, offering endless customization possibilities. Additionally, this property boasts 3 storage sheds, a workbench, and a window A/C unit. Outside, you can unwind in the screened patio, enjoy the pool, & appreciate the spacious backyard enclosed by a privacy fence. This oasis is conveniently located in the heart of Melbourne, close to I-95, downtown, the beaches, and shopping. New Metal roof/solar panels in '23
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Colony West
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Listed by: Todd Ostrander, RE/MAX Elite
Last Updated: 6 months ago
Data Source: Space Coast MLS, MLS# 821691
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: 6 months ago
Data Source: Space Coast MLS, MLS# 821691
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