43
Map
$385,000
●
House -
Off Market
276 Mcclain Drive
Melbourne, FL 32904
4 Beds
3 Baths
2,252 Ft²
$407,393
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model
About This Property
This spacious home is located in the highly sought-after community,
Timber Ridge. This home features 5 bedrooms, 3 full baths, and
nearly 2,300 sq ft. Not only is this home in the perfect location,
but it also has solar making your electric bill as low as $10/per
month! The home also has a brand-new $9,000 water filtration system
making this home have the cleanest water in town! The kitchen
features two large pantries, tons of cabinet space, and extra
storage under the stairs. The large master bedroom features his &
her walk-in closets, and a fully renovated bathroom with custom
cabinets, granite, and an oversized walk-in shower. Brand-new AC,
new carpet, fresh paint, & bathroom remodel 2022, and roof
replacement & fence install is 2019! This home also has a
generator, storm shutters, is fenced in, and on city water & sewer!
Don't wait to call this home yours, schedule a tour today!
Unit Size
2,252 Ft²
Days on Market
63 days
Land Size
0.24 acres
Price per sqft
$173
Property Type
House
Property Taxes
$255
HOA Dues
$18
Year Built
2000
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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: 3 months ago (Space Coast MLS #946726)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 20, 2023 | No longer available | - | |
| No longer available | |||
| Sep 6, 2023 | Price Decreased |
$425,000
↓ $5K
(1.2%) | |
| Price Decreased | |||
| Aug 24, 2023 | Listed by MTG of Brevard Inc. DBA RE/MAX Alternative Realty | $430,000 | |
| Listed by MTG of Brevard Inc. DBA RE/MAX Alternative Realty | |||
| | |||
|
Located in the heart of West Melbourne! This 4BD/3BA 2-story home offers tons of living space-almost 2300 SF! A separate living & dining room- can also be used as a flexible space. The spacious kitchen provides an additional dining area & ample room for cooking, meal prep & storage- including 2 pantries. A water filtration system allows unlimited, clean drinking water, while the solar panels (paid in full) can provide great monthly savings on your electric bill! HVAC is 2013, W/H is 2016, Roof is 2019. The sizeable primary bedroom is complete with his & hers walk-in closets and the newly renovated bathroom features a large tiled walk-in shower & granite countertop. The fully fenced yard is perfect for the kids and/or pets, plus there is a shed w/electricity, which makes for a great workshop! You'll enjoy the Florida sunsets from your screened lanai, or the lakeside bench just a short stroll away. Hurricane prep for this home is a breeze with the addition of accordion shutters! The manager has listed the unit size as 2252 square feet.
| |||
| Mar 3, 2023 | Sold | ||
| Sold | |||
| Sep 23, 2022 | Listed by Denovo Realty | $389,900 | |
| Listed by Denovo Realty | |||
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About Timber Ridge
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Listed by: Chaleah Gehrman, Denovo Realty
Last Updated: 3 months ago
Data Source: Space Coast MLS, MLS# 946726
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: 3 months ago
Data Source: Space Coast MLS, MLS# 946726
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