$62,000
●
Condo -
Off Market
2880 Regency Drive #2880
Melbourne, FL 32935
2 Beds
2 Baths
996 Ft²
$114,211
RealtyHop Estimate
56.45%
Since Mar 1, 2018
National-US
Primary Model
About This Property
BACK ON THE MARKET!!! Buyers loss your GAIN!!! This fantastic 2
bedroom 2 bath split bedroom plan offers a great floor plan. It
features a living room, dining room plus a nice screened patio. It
is centrally located close to shopping ( walking distance to
Walmart ) restaurants, I-95, us 1 and the beaches. This is an
excellent opportunity for an investment or primary residence.
Fantastic club house and swimming pool, work out room.
Unit Size
996 Ft²
Days on Market
77 days
Land Size
0.07 acres
Price per sqft
$73
Property Type
Condo
Property Taxes
$89
HOA Dues
$288
Year Built
-
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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 #792138)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 7, 2022 | Sold | ||
| Sold | |||
| Aug 10, 2022 | Listed by Offerpad Brokerage "FL" LLC | $169,900 | |
| Listed by Offerpad Brokerage "FL" LLC | |||
| | |||
|
Welcome home to Melbourne, Florida! Condo has 2 bedrooms, 2 bathrooms and community that offers community swimming pool & racquetball courts. Kitchen has new luxury vinyl plank floors, new ivory shaker cabinets with brush nickel pulls, new laminate countertops with new stainless sink with faucet and stainless steel appliances range, dishwasher and double door refrigerator. Master bedroom has carpeting and master bathroom has new ivory vanity with cultured marble sink and faucet, new polished mirror, new vanity bar lights and walk-in shower. Guest bathroom has new LVP floors, new ivory vanity with cultured marble sink and faucet, new polished edge mirror, new vanity bar lights and tub. A must see property! Priced too Sell!
| |||
| Feb 26, 2018 | Sold | ||
| Sold | |||
| Aug 18, 2017 | Listed by Coldwell Banker Realty | $73,000 | |
| Listed by Coldwell Banker Realty | |||
Property Highlights
Air Conditioning
With View
Interior Details
Full Bathrooms: 2
Interior Features: Pantry
Appliances: Dishwasher, Electric Range, Electric Water Heater, Refrigerator
Flooring Type: Carpet, Vinyl
Exterior Details
Has Property Attached
Square Footage: 996
Square Footage Source: $0
Year Built: 1984
Levels: One
Construction Materials: Block, Concrete
Patio and Porch Features: Patio, Porch, Screened
Pool Features: Other
Lot Size Area: 0.07
Lot Size Units: Acres
Lot Size Acres: 0.07
Lot Size Square Feet: 3049
Financial Details
Tax Annual Amount: $1,062
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Central, Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: Clubhouse, Fitness Center, Maintenance Grounds, Maintenance Structure, Pool, Management - Full Time
HOA Fee: $206
HOA Fee Frequency: Monthly
Condo/Coop Fee: $82
Condo/Coop Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/04/2024
| |
2 Bed
|
2 Bath
|
996 ft²
|
$175,000
2 Bed
2 Bath
996 ft²
|
$155,000
-11.43%
12/16/2024
|
Laura Forman
RE/MAX Aerospace Realty
|
|
08/10/2022
|
2 Bed
|
2 Bath
|
996 ft²
|
$169,900
2 Bed
2 Bath
996 ft²
|
$165,000
-2.88%
11/07/2022
|
Robert Peter Jones
LoKation
| |
|
08/18/2017
|
2 Bed
|
2 Bath
|
996 ft²
|
$73,000
2 Bed
2 Bath
996 ft²
|
$62,000
-15.07%
02/26/2018
|
Kelli Ryan
One Sotheby's International
|
Building Info
About Melbourne
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Listed by: Mike Hanley, Coldwell Banker Realty
Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 792138
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# 792138
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