$189,800
●
Condo -
Off Market
2899 Regency Drive
Melbourne, FL 32935
2 Beds
2 Baths
$193,278
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model
About This Property
Rare Melbourne Florida condo, end unit, no units above you, 2
handicap parking spaces outside your front door, open parking
available. Functional floor plan, 2 bedrooms, 2 baths, open living
& dining area, natural lighting, new paint, tile floor & keyless
entry. Full size washer & dryer in laundry room. Screened porch,
outdoor storage & backyard access. Feel secure in this concrete
block condo & newer 2021 roof. Community amenities include
playground, updated clubhouse and enjoy the benefits of a
well-equipped fitness room. Cool off in the community pool with
family & friends. Located within walking distance of restaurants &
shopping, close to Melbourne Airport, Eastern Florida State, major
employers, quick access to I95 & minutes to the BEACH.
Unit Size
-
Days on Market
-
Land Size
0.07 acres
Price per sqft
-
Property Type
Condo
Property Taxes
$125
HOA Dues
$312
Year Built
-
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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: 2 years ago (Space Coast MLS #974257)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 10, 2023 | Sold | ||
| Sold | |||
| Sep 1, 2023 | Listed by Surfside Properties & Mgmt. | $194,000 | |
| Listed by Surfside Properties & Mgmt. | |||
Property Highlights
Air Conditioning
With View
Parking Details
Parking Features: Guest
Interior Details
Bedrooms: 2
Full Bathrooms: 2
Interior Features: Breakfast Bar, Ceiling Fan(s), Open Floorplan, Primary Bathroom - Tub with Shower, Primary Downstairs, Walk-In Closet(s)
Appliances: Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Flooring Type: Tile
Living Area Square Feet Source: Public Records
Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
Exterior Details
Year Built: 1984
Roof: Shingle, Other
Construction Materials: Block, Concrete, Stucco
Outdoor Living Structures: Patio, Porch, Screened
Lot Size Acres: 0.07
Lot Size Square Feet: 3049
Financial Details
Tax Year: 2022
Tax Annual Amount: $1,494
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Central, Electric
Utilities: Cable Available, Electricity Connected, Water Available
Location Details
Association Fee Includes: Trash
Association Amenities: Clubhouse, Fitness Center, Maintenance Grounds, Maintenance Structure, Management - Full Time, Playground, Pool, Management - On Site
Association Fee: $312
Association 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 |
|---|---|---|---|---|---|---|---|
|
09/01/2023
| |
2 Bed
|
2 Bath
|
-
|
$194,000
2 Bed
2 Bath
|
$189,800
-2.16%
10/10/2023
|
Margarita Pecoraro
CENTURY 21 Ocean
|
Building Info
About Melbourne
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Listed by: Margarita V Pecoraro, Surfside Properties & Mgmt.
Last Updated: 2 years ago
Data Source: Space Coast MLS, MLS# 974257
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: 2 years ago
Data Source: Space Coast MLS, MLS# 974257
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