$255,000
●
House -
Off Market
454 Charles Drive
Melbourne, FL 32935
3 Beds
1 Bath
1,170 Ft²
$257,500
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model
About This Property
Perfect Melbourne Starter Home ~ 10 Minutes To The Beach, 5 Min To
Eau Gallie Arts District, & 7 Min To Downtown Melbourne! This Home
Features A Brand New AC (2023), Newer Metal Roof (2018), Vinyl
Flooring (2021), Newer Electric Panel (2018), Newer H20 Heater
(2018) Newer Kitchen Refrigerator, Stove & Hood (2018). Light &
Bright Living Area, Private Fenced Back Yard, One Car Garage &
Unfinished Bonus Room ~ Ideal For A Workshop or Art Studio. Bring
Your RV or Boat ~ Plenty Of Parking On East Side Of Home! Jump
Start Your AirBNB Empire ~ Melbourne Is One Of The Few
Municipalities That Permit AirBNBs. Qualified First Time Home
Buyers May Apply For Up To $44K in Down Payment Assistance From The
City Of Melbourne. Only 1 Hour To Orlando Airport, Universal &
Disney!
Unit Size
1,170 Ft²
Days on Market
71 days
Land Size
0.20 acres
Price per sqft
$220
Property Type
House
Property Taxes
$202
HOA Dues
-
Year Built
1957
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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: 5 months ago (Space Coast MLS #975542)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 1, 2023 | Sold | ||
| Sold | |||
| Oct 24, 2023 | In contract | - | |
| In contract | |||
| Oct 7, 2023 | Price Decreased |
$257,500
↓ $7K
(2.8%) | |
| Price Decreased | |||
| Sep 21, 2023 | No longer available | - | |
| No longer available | |||
| Sep 20, 2023 | Listed by RE/MAX ELITE | $264,900 | |
| Listed by RE/MAX ELITE | |||
| | |||
|
Perfect Melbourne Starter Home ~ 10 Minutes To The Beach, 5 Min To Eau Gallie Arts District, & 7 Min To Downtown Melbourne! This Home Features A Brand New AC (2023), Newer Metal Roof (2018), Vinyl Flooring (2021), Newer Electric Panel (2018), Newer H20 Heater (2018) Newer Kitchen Refrigerator, Stove & Hood (2018). New Roof & New AC = Low Homeowner Insurance ~ Only $1938 Per Year! Light & Bright Living Area, Private Fenced Back Yard, One Car Garage & Unfinished Bonus Room ~ Ideal For A Workshop or Art Studio. Bring Your RV or Boat ~ Plenty Of Parking On East Side Of Home! Jump Start Your AirBNB Empire ~ Melbourne Is One Of The Few Municipalities That Permit AirBNBs. Qualified First Time Home Buyers May Apply For Up To $44K in Down Payment Assistance From The City Of Melbourne. Only 1 Hour To Orlando Airport, Universal & Disney!
| |||
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Property Highlights
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Almar
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Listed by: Kristin W Lindbaek, RE/MAX Elite
Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 975542
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: 5 months ago
Data Source: Space Coast MLS, MLS# 975542
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