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Melbourne 32935 Bowe Gardens
2668 Pepper Avenue
$194,500
● House - Off Market

2668 Pepper Avenue

Melbourne, FL 32935
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,480 Ft²
$274,885
RealtyHop Estimate
41.33%
Since Jun 1, 2020
National-US
Primary Model

About This Property

Here's a great opportunity to own a Completely Updated home in historic Eau Gallie, right in the heart of Melbourne!! This block 3 bedroom 2 bath features a split floor plan, an office, a large family room, walk-in closets, a breakfast bar, a laundry room, a large fenced in back yard, a huge storage shed and so much more! And it gets better because so much of it is New: New Roof, New soffit, New water heater, New fence, New doors, New door handles, New toilets, you get the idea! Fresh paint inside & out with tile in every room. The recent kitchen update includes all wood cabinetry, brand new granite counter tops and stainless appliances. Both bathrooms are also updated with the master bath featuring a jacuzzi tub and walk-in closet. Walk out back and you are treated to a large pergola covered patio overlooking the fenced in back yard. Minutes from beaches, Eau Gallie Arts District, I-95 and so much more
Unit Size
1,480 Ft²
Days on Market
45 days
Land Size
0.17 acres
Price per sqft
$131
Property Type
House
Property Taxes
$40
HOA Dues
-
Year Built
1962

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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: 6 months ago (Space Coast MLS #872962)

Price History

Date / Event Date Event Price
Jun 1, 2020 Sold
Premium
Sold
Apr 9, 2020 Listed by Blue Marlin Real Estate $194,500
Listed by Blue Marlin Real Estate
Jul 18, 2011 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1998
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 10
  • 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: 3
  • Garage Square Area: 220
  • Parking Space Count: 1
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 7,405
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 664
  • Total Building Area: 1,940
  • Gross Building Area: 1,940
  • Building Area: 1,480
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,480
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BOWE GARDENS SEC J 4 A
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: BOWE GARDENS SEC J 4 A W 31.72 FT OF LOT 6 & E 40.10 FT OF LOT 7 BLK N

Neighborhood

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

Zoning

  • Zoning: R1A

Geography

  • Assessors Map Reference: 294
  • Account Number: 2721326
  • Parcel: 27-37-19-26-0000N.0-0006.00
  • Block: N
  • Lot: 6
  • Meridian: SEC 19 TWN 27S RNG 37E
  • Municipality: MELBOURNE
  • Latitude: 28.1234
  • Longitude: -80.666

    Address

  • Full Address: 2668 Pepper Ave
  • Address - House Number: 2668
  • Address - Street Name: Pepper
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Melbourne
  • Carrier Code: C006
  • 4-Digit Zip Code: 2757
  • Zip Code: 32935

Valuation

    Tax

  • Total Area: 1,526
  • Tax Year: 2022
  • Tax Amount: $203,254
  • Initial Tax Delinquent Year: 2019
  • Tax Rate Code Area: 53K0

    Appraisal Valuation

  • Standard Deviation: 0.2172
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 70
  • Final Value: 287,485
  • High Value: 349,948
  • Low Value: 225,021

    Market Valuation

  • Market Total Value: $196,960

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $154,580

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 29, 2020
  • Current Sale Recording Date: Jun 01, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020114557
  • Previous Sale Recording Date: Jul 18, 2011
  • Previous Sale Contract Date: Jul 06, 2011
  • Previous Sale Amount: $42,000
  • Previous Sale Document Type: 71

    Previous Mortgages

  • Previous Mortgage Lender:
    Premium
  • Previous Mortgage Transaction Date:
    Premium
  • Previous Mortgage Loan Amount:
    Premium
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 Bowe Gardens

Stats & Trends

Median Asking:

$262,700

Sale Price/ft²

$195

Below Asking

0.03%

Average Days on Market

67

Average Home Size

1265 ft²

Average Home Age

63.5 years

Currently For Sale

19 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 1800 Noel Place, Melbourne, FL, 32935

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,573 ft²
1800 Noel Place #103, Melbourne, FL, 32935 Listing by Ruth Heiniger
Unit for rent at 511 Avignon Drive, Melbourne, FL, 32935

$2,390 /mo

  • 3 Beds
  • 2 Baths
  • 1,592 ft²
511 Avignon Drive, Melbourne, FL, 32935 Listing by Justin K Brown
Unit for rent at 4203 Palladian Way, Melbourne, FL, 32904

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,488 ft²
4203 Palladian Way, Melbourne, FL, 32904 Listing by Gregory Ellingson

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Nick C Cazessus, Blue Marlin Real Estate
Last Updated: 6 months ago
Data Source: Space Coast MLS, MLS# 872962
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 2668 Pepper Avenue built and last sold?
The property at 2668 Pepper Avenue was built in 1962 and last sold on May 29, 2020 for $194,500.
How much is this home worth?
The estimated value of the home located at 2668 Pepper Avenue is $205,455.
What are some comparable homes to 2668 Pepper Avenue?
There are currently no comparable homes to 2668 Pepper Avenue.
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