$135,000
●
Condo -
Off Market
3501 D'Avinci Way #1011
Melbourne, FL 32901
2 Beds
2 Baths
935 Ft²
$163,191
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model
About This Property
Great first floor 2/2 condo in the heart of Melbourne. This
is a great opportunity to own an updated condo within walking
distance to Florida Institute of Technology and within minutes to
downtown Melbourne and beaches. Unit complete with granite counter
tops in kitchen and baths and stainless steel appliances. This will
make a lovely home or great investment property! Unit is close to
clubhouse, pool and tennis court. Low maintenance fees- property
offers pool, tennis court, clubhouse and gym.
AC has been updated inside and out in 2019. Maytag frontload washer and dryer 2017.
AC has been updated inside and out in 2019. Maytag frontload washer and dryer 2017.
Unit Size
935 Ft²
Days on Market
20 days
Land Size
0.06 acres
Price per sqft
$155
Property Type
Condo
Property Taxes
$119
HOA Dues
$138
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: 2 months ago (Space Coast MLS #916123)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 26, 2023 | Sold | ||
| Sold | |||
| Sep 1, 2023 | Listed by Real Broker, LLC | $215,000 | |
| Listed by Real Broker, LLC | |||
   | |||
|
Investment Opportunity! is located in a resort style complex, Great first floor 2/2 condo Tenant in Place until June 2024, Monthly rent $ 1600, within walking distance to Florida Institute of Technology and within minutes to downtown Melbourne and beaches. Unit complete with granite counter tops in kitchen and baths and stainless-steel appliances. Unit is close to clubhouse, pool and tennis court. Low maintenance fees- property offers pool, tennis court, clubhouse and gym. AC has been updated inside and out in 2019. Maytag frontload washer and dryer 2017.
| |||
| Oct 7, 2021 | Sold | ||
| Sold | |||
| Sep 17, 2021 | Listed by RE/MAX Elite | $145,000 | |
| Listed by RE/MAX Elite | |||
Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: Assigned
Interior Details
Full Bathrooms: 2
Interior Features: Breakfast Bar, Ceiling Fan(s), Open Floorplan, Pantry, Walk-In Closet(s), Primary Bathroom - Tub with Shower, Primary Bathroom -Tub with Separate Shower, Primary Downstairs
Appliances: Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Flooring Type: Carpet, Laminate
Exterior Details
Has Property Attached
Square Footage: 935
Square Footage Source: $0
Year Built: 2006
Building Area Total: 935
Levels: One
Construction Materials: Stucco
Pool Features: In Ground
Lot Size Area: 0.06
Lot Size Units: Acres
Lot Size Acres: 0.06
Lot Size Square Feet: 2614
Water Source: Public
Financial Details
Tax Annual Amount: $1,434
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Central, Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Pest Control, Trash
HOA/Condo/Coop Amenities: Barbecue, Car Wash Area, Clubhouse, Fitness Center, Maintenance Grounds, Management, Pool, Tennis Court(s)
HOA Fee: $138
HOA 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 |
|---|---|---|---|---|---|---|---|
|
09/24/2024
|
3 Bed
|
2 Bath
|
1087 ft²
|
$239,900
3 Bed
2 Bath
1087 ft²
|
$153,000
-36.22%
05/06/2025
|
Heith Mohler
Your Home Sold Guaranteed Realty
| |
|
09/01/2023
|
2 Bed
|
2 Bath
|
-
|
$215,000
2 Bed
2 Bath
|
$205,000
-4.65%
10/26/2023
|
Beatrice Solloway
EXP Realty LLC
| |
|
09/17/2021
|
2 Bed
|
2 Bath
|
-
|
$145,000
2 Bed
2 Bath
|
$135,000
-6.90%
10/07/2021
|
Elena Manfredi
RE/MAX Elite
| |
|
09/30/2020
|
3 Bed
|
2 Bath
|
-
|
$138,000
3 Bed
2 Bath
|
$138,000
10/23/2020
|
Elena Manfredi
RE/MAX Elite
| |
|
04/14/2020
| |
2 Bed
|
2 Bath
|
926 ft²
|
$124,982
2 Bed
2 Bath
926 ft²
|
-
-
|
Marcie Bolt
Engel & Volkers Melbourne Central
|
|
04/09/2020
|
2 Bed
|
2 Bath
|
-
|
$124,982
2 Bed
2 Bath
|
$120,000
-3.99%
05/20/2020
|
Stephen Stark
Treasure Coast Sotheby's Intl
| |
|
05/02/2012
|
2 Bed
|
2 Bath
|
-
|
$59,900
2 Bed
2 Bath
|
$59,900
09/20/2012
|
Ronald Bishop
Norris Bishop Realty LLC
| |
|
12/16/2011
|
2 Bed
|
2 Bath
|
-
|
$59,999
2 Bed
2 Bath
|
$56,500
-5.83%
04/24/2012
|
Kelly Palace
Mark Palace Properties
|
Building Info
About Melbourne
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Listed by: Elena M. Manfredi, RE/MAX Elite
Last Updated: 2 months ago
Data Source: Space Coast MLS, MLS# 916123
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 months ago
Data Source: Space Coast MLS, MLS# 916123
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