3
Map
$79,000
●
House -
Off Market
308 Patrick Circle
Melbourne, FL 32901
2 Beds
1 Bath
1,160 Ft²
$140,293
RealtyHop Estimate
77.59%
Since Aug 1, 2015
National-US
Primary Model
About This Property
WAITING FOR A BARGAIN? Then head straight for this 2 bedroom, 1
bath home with Living room plus spacious family room. Located in
Magnolia Park Subdivision and just around the corner from shopping,
airport, schools and golf courses. Want more? A short drive across
the causeway will get you to our fabulous beaches. Want even more?
The home has a 1 Car carport plus fenced back yard in addition to a
metal roof. Sprinkler system and well keep the landscaping
maintenance to a minimum. If you're looking for a winter home or
just rustic charm, call today because there's no better time to buy
than now while rates and values are still low.
Unit Size
1,160 Ft²
Days on Market
46 days
Land Size
0.16 acres
Price per sqft
$68
Property Type
House
Property Taxes
$78
HOA Dues
-
Year Built
1952
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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: 4 months ago (Space Coast MLS #725895)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 9, 2026 | Sold | ||
| Sold | |||
| Mar 12, 2026 | In contract | - | |
| In contract | |||
| Mar 5, 2026 | Listed by Denovo Realty | $279,000 | |
| Listed by Denovo Realty | |||
| | |||
|
Welcome to a beautifully updated 2 bedroom, 2 bathroom home that combines modern upgrades with everyday comfort. This property has been thoughtfully improved with a metal roof, hurricane impact windows, updated plumbing, and brand new appliances, offering both style and peace of mind.
Inside, the home features stylishly renovated bathrooms and durable tile flooring throughout, creating a clean and cohesive look with easy maintenance and no carpet.
The fully fenced backyard provides plenty of space for outdoor enjoyment and includes a large storage shed along with convenient rear alley access to the yard.
Located just minutes from the Space Coast beaches, this home is also only a short drive to the mall, restaurants, and shopping, making everyday living incredibly convenient. This is a great opportunity to own a move in ready home in a prime location. Schedule your showing today.
| |||
| Jan 22, 2024 | Sold | ||
| Sold | |||
| Dec 20, 2023 | Listed by Fonda Fay's Global Realty, Inc | $285,000 | |
| Listed by Fonda Fay's Global Realty, Inc | |||
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Property Highlights
Parking Available
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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About Magnolia Park
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Listed by: Fonda F Cote, Fonda Fay's Global Realty, Inc
Last Updated: 4 months ago
Data Source: Space Coast MLS, MLS# 725895
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: 4 months ago
Data Source: Space Coast MLS, MLS# 725895
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