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Melbourne 32935 Roeschs To Eau Gallie
551 Old Oak Street
Photo of 551 Old Oak Street
Sold on Dec 16, 2022

1

Map

$170,000
● Land - Off Market

551 Old Oak Street

Melbourne, FL 32935
bedrooms
Studio
bathrooms
0 Bath
$185,655
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Build your dream home in the heart of Melbourne.  Close to great restaurants, shopping and schools.  Just minutes from the beach.
Unit Size
-
Days on Market
119 days
Land Size
0.15 acres
Price per sqft
-
Property Type
Land
Property Taxes
$111
HOA Dues
-
Year Built
-

Payment Calculator

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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: 3 months ago (Space Coast MLS #944054)

Price History

Date / Event Date Event Price
Dec 16, 2022 Sold
Premium
Sold
Aug 19, 2022 Listed by RE/MAX Alternative Realty $175,000
Listed by RE/MAX Alternative Realty
Oct 20, 2016 Sold
Premium
Sold
Sep 2, 2016 Sold
Premium
Sold
Aug 22, 2016 Listed by RE/MAX Alternative Realty $71,000
Listed by RE/MAX Alternative Realty
Show More

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 6,534
  • Lot Size Depth Feet: 970
  • Lot Size Frontage Feet: 640
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: ROESCHS ADD TO EAU GALLIE
  • Land Acres: 0000000150
  • Standard Land Use Code: 8007
  • County Land Use Code: 0007
  • Legal Description 1: ROESCHS ADD TO EAU GALLIE LOT 3 EXC ST BLK F

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 064201

Zoning

  • Zoning: R2(6)

Geography

  • Assessors Map Reference: 296
  • Account Number: 2724822
  • Parcel: 27-37-21-07-0000F.0-0003.00
  • Block: F
  • Lot: 3
  • Meridian: SEC 21 TWN 27S RNG 37E
  • Municipality: MELBOURNE
  • Latitude: 28.1282
  • Longitude: -80.6266

    Address

  • Full Address: 551 Old Oak St
  • Address - House Number: 551
  • Address - Street Name: Old Oak
  • Address - Suffix Type: St
  • State: FL
  • City Name: Melbourne
  • Carrier Code: C001
  • 4-Digit Zip Code: 7038
  • Zip Code: 32935

Valuation

    Tax

  • Total Area: 2,891
  • Tax Year: 2022
  • Tax Amount: $158,073
  • Tax Rate Code Area: 53K0

    Market Valuation

  • Market Total Value: $118,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $118,000

    Sales

  • Current Sale Contract Date: Dec 16, 2022
  • Current Sale Recording Date: Dec 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 292454
  • Previous Sale Recording Date: Oct 20, 2016
  • Previous Sale Contract Date: Sep 26, 2016
  • Previous Sale Amount: $68,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Roeschs To Eau Gallie

Stats & Trends

Median Asking:

$414,500

Sale Price/ft²

$374

Above Asking

0.00%

Average Days on Market

58

Average Home Size

1702 ft²

Average Home Age

84 years

Currently For Sale

2 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 2277 Highland Avenue, Melbourne, FL, 32935

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,597 ft²
2277 Highland Avenue, Melbourne, FL, 32935 Listing by Cheryl L Smith
Unit for rent at 2267 Highland Avenue, Melbourne, FL, 32935

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,597 ft²
2267 Highland Avenue, Melbourne, FL, 32935 Listing by Cheryl L Smith
Unit for rent at 2261 Highland Avenue, Melbourne, FL, 32935

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,597 ft²
2261 Highland Avenue, Melbourne, FL, 32935 Listing by Cheryl L Smith

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Kevin Hill, RE/MAX Alternative Realty
Last Updated: 3 months ago
Data Source: Space Coast MLS, MLS# 944054
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.

Frequently Asked Questions

When was property at 551 Old Oak Street built and last sold?
The property at 551 Old Oak Street was built in and last sold on Dec 16, 2022 for $170,000.
How much is this home worth?
The estimated value of the home located at 551 Old Oak Street is $176,750.
What are some comparable homes to 551 Old Oak Street?
There are currently no comparable homes to 551 Old Oak Street.
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