18
Map
$214,000
●
House -
Off Market
409 W Fee Avenue
Melbourne, FL 32901
3 Beds
2 Baths
1,634 Ft²
$316,161
RealtyHop Estimate
51.27%
Since Sep 1, 2018
National-US
Primary Model
About This Property
Historic Magnolia Park mid-century home is 5-10 minutes from
everything! On over a 1/4 acre corner lot, this 3 bedroom, 2 bath
home has an open floor plan with large family room and dining room
open to the kitchen. Bonus room with laundry area provides space
for an office or workout area. Perfect for entertaining! Sliding
doors lead into the enclosed pool room ( additional 400 sq. ft) not
included in living sf, a 2 sided fireplace in the
family room and enclosed porch for a truly unique open floor plan.
A privacy fence and deck continues the flow.
Newly updated electric panel, every bedroom is spacious, large 1 car garage and covered breeze way, sits on raised foundation, Come see this one of a kind home today!!! A Great value !
Newly updated electric panel, every bedroom is spacious, large 1 car garage and covered breeze way, sits on raised foundation, Come see this one of a kind home today!!! A Great value !
Unit Size
1,634 Ft²
Days on Market
120 days
Land Size
0.26 acres
Price per sqft
$128
Property Type
House
Property Taxes
$59
HOA Dues
-
Year Built
1959
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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 #810462)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 1, 2022 | Sold | ||
| Sold | |||
| Jul 5, 2022 | Listed by Exit Right Realty | $340,000 | |
| Listed by Exit Right Realty | |||
| | |||
|
This unique home with an artistic flare is beaming with versatility. Dual fireplace, sliding glass doors walks out to indoor/outdoor pool, hardwood/terrazzo floors, split bedroom. remodeled bathroom, reverse osmosis water system, 15 Fruit Trees (check those off your grocery list) NEW Roof & AC (2020) located in the heart of Melbourne. Your future home just called and said to come see it today!
| |||
| Aug 13, 2018 | No longer available | - | |
| No longer available | |||
| Aug 13, 2018 | Sold | ||
| Sold | |||
| Jun 8, 2018 | Listed | $209,000 | |
| Listed | |||
| | |||
|
Charming 3 bedroom, 2 bath with an office. Enter into the great room that leads directly to the large enclosed porch and pool area, YES! an enclosed pool! Beautiful wood floors through most of home, all bedrooms are very spacious, two way wood burning fireplace in great room and porch, great lay out for entertaining,newly updated electric panel. Very unique artsy home with a comfortable feel! On a large corner lot close to the Melbourne mall and all the fun of downtown Melbourne. Come see thisone of a kind home today. Great value! The manager has listed the unit size as 1634 square feet.
| |||
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Property Highlights
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Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Magnolia Park
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Listed by: Steven M Munich, RE/MAX Alternative Realty
Last Updated: 4 months ago
Data Source: Space Coast MLS, MLS# 810462
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# 810462
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