$475,000
●
House -
Off Market
3561 Monarch Street
Melbourne, FL 32934
3 Beds
2 Baths
1,568 Ft²
$2,763
Est. Monthly
$18
HOA / Fees
4.54%
Cap Rate
About This Property
NEW ROOF prior to closing. Welcome to your dream oasis in the heart
of Melbourne! This stunning POOL home has been meticulously
renovated to blend modern luxury with timeless charm, offering the
perfect blend of comfort and style. Nestled in a prime location,
this property boasts a spacious backyard that's an entertainer's
paradise.
Newer HVAC system, newer paint, all luxury vinyl plank flooring throughout (no carpet), and oversized screened lanai.
With mature landscaping and plenty of green space, this backyard is a canvas for your imagination. Create your own garden oasis, set up a play area, or simply enjoy the tranquility of your own private sanctuary.
Situated in a sought-after neighborhood, you'll have easy access to Melbourne's finest dining shopping, and entertainment options. Its central location makes commuting is a breeze
Newer HVAC system, newer paint, all luxury vinyl plank flooring throughout (no carpet), and oversized screened lanai.
With mature landscaping and plenty of green space, this backyard is a canvas for your imagination. Create your own garden oasis, set up a play area, or simply enjoy the tranquility of your own private sanctuary.
Situated in a sought-after neighborhood, you'll have easy access to Melbourne's finest dining shopping, and entertainment options. Its central location makes commuting is a breeze
Unit Size
1,568 Ft²
Days on Market
120 days
Land Size
0.31 acres
Price per sqft
$303
Property Type
House
Property Taxes
$412
HOA Dues
$18
Year Built
1988
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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 #973004)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 14, 2025 | Sold | ||
| Sold | |||
| Nov 25, 2024 | In contract | - | |
| In contract | |||
| Nov 20, 2024 | Listed by Real Broker, LLC | $449,900 | |
| Listed by Real Broker, LLC | |||
| | |||
|
This stunning 3 bedroom 2 bathroom gem features vinyl plank wood flooring throughout and boasts an upgraded kitchen with sleek appliances and beautifully remodeled bathrooms. Enjoy the versatility of two separate living room areas perfect for relaxation and entertaining.
Enjoy your morning coffee in an oversized screened in lanai with fan overlooking your gorgeous inground pool and a spacious.31 acres yard surrounded by lush greenery. There is ample space for hosting unforgettable gatherings, a space for a garden or an amazing play area. Nestled in one of Melbourne's sought after communities. Your new home is minutes away from great shopping, dining, parks, and short drive to the beach!
Your perfect blend of comfort, style, and convenience. Also hurricane shutters and an almost brand new roof!
Schedule a tour today! This home is waiting for it's new family!
| |||
| Jan 2, 2024 | Sold | ||
| Sold | |||
| Aug 19, 2023 | Listed by Denovo Realty | $475,000 | |
| Listed by Denovo Realty | |||
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About Kingsmill
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Listed by: Megan Ross, Denovo Realty
Last Updated: 4 months ago
Data Source: Space Coast MLS, MLS# 973004
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# 973004
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