$126,200
●
House -
Off Market
701 Espanola Way
Melbourne, FL 32901
3 Beds
1 Bath,
1
Half Bath
1,050 Ft²
$216,351
RealtyHop Estimate
66.55%
Since Mar 1, 2017
National-US
Primary Model
About This Property
Charming Home won't last long! Located on beautiful .30 Acre lot
w/Crane Creek behind it. Gorgeous landscaping and front porch to
greet you. Tile flooring through living room, kitchen and back
bedroom. Large kitchen with plenty of cabinets, stainless steel
stove and dishwasher. Dining Area with door out patio, laundry room
and car port. Patio features Koi pond! Back bedroom has view of
super back yard and half bath. Split plan has the other two bedroom
and full bath on the other side. Large front bedroom with walk in
closet. 2nd bedroom also has view of back yard. Close to Melbourne
Golf Course, shopping and restaurants!
Unit Size
1,050 Ft²
Days on Market
18 days
Land Size
0.30 acres
Price per sqft
$124
Property Type
House
Property Taxes
$38
HOA Dues
-
Year Built
1958
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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: 4 months ago (Space Coast MLS #773856)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 26, 2025 | Sold | ||
| Sold | |||
| Feb 10, 2025 | In contract | - | |
| In contract | |||
| Jan 22, 2025 | Listed by LaRocque & Co., Realtors | $325,000 | |
| Listed by LaRocque & Co., Realtors | |||
| | |||
|
Welcome home to this delightfully cozy cottage nestled in the heart of Melbourne and longtime hidden gem of a community, Magnolia Park! This one has it all! A chef's dream of a kitchen with top-of-the-line appliances and beautiful cabinetry. Updated electrical panel, vinyl impact windows (2022) new plumbing, metal roof (2024) and tankless water heater. New AC duct system and fresh insulation in the attic and an attic fan. Remodeled and updated bathrooms and luxury vinyl plank flooring throughout. Upgraded floorboards, interior doors, door cases and windowsills. New exterior kitchen and laundry room doors. New vinyl fencing in the front yard and new gates in the expansive back yard with a recently installed shed for all your lawn care and gardening needs including a sprinkler system with a well and outdoor security lights around the house. Tastefully decorated with furniture, high-end electronics and security system that stay with the property! Don't miss this one, it's a beauty!
| |||
| Feb 14, 2017 | Sold | ||
| Sold | |||
| Jan 23, 2017 | Listed by BHHS Florida Realty | $129,900 | |
| Listed by BHHS Florida Realty | |||
Property Highlights
Garage
Air Conditioning
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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About Melbourne
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Listed by: Nancy R Taylor, BHHS Florida Realty
Last Updated: 4 months ago
Data Source: Space Coast MLS, MLS# 773856
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# 773856
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