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Port St. John 32927 Port St. John
7240 Madison Street
$306,000
● House - Off Market

7240 Madison Street

Cocoa, FL 32927
bedrooms
3 Beds
bathrooms
2 Baths
$340,097
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

Calling all Space Coast Regional Airport air show and space launch enthusiasts! Skip the crowds and entertain from your own backyard tiki and hot tub! This cozy, well maintained three bedroom, two bath home sees it all and is also close to the beaches, Port Canaveral's fishing charters, casino cruises and everything Orlando has to offer. This home has no community HOA, is close to I 95, has well thought out xeriscape landscaping and 2017 roof, 2016 kitchen renovation, alarm system, hurricane shutters, shed, and fully fenced in back yard. Don't just drive by, come see this home today!
Unit Size
-
Days on Market
-
Land Size
0.25 acres
Price per sqft
-
Property Type
House
Property Taxes
$84
HOA Dues
-
Year Built
1997

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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 years ago (Space Coast MLS #909454)

Price History

Date / Event Date Event Price
Nov 22, 2021 Sold
Premium
Sold
Jul 3, 2021 Listed by Florida Property Center $305,000
Listed by Florida Property Center
Nov 3, 2003 Sold
Premium
Sold
Aug 13, 2003 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 2012
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 10,890
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 870
  • Total Building Area: 1,776
  • Gross Building Area: 1,776
  • Building Area: 1,352
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,352
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PORT ST JOHN UNIT 8
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: PORT ST JOHN UNIT 8 LOT 13 BLK 290

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 062108

Zoning

  • Zoning: RU-1-9

Geography

  • Assessors Map Reference: 99
  • Account Number: 2303227
  • Parcel: 23-35-14-JZ-00290.0-0013.00
  • Block: 290
  • Lot: 13
  • Meridian: SEC 14 TWN 23S RNG 35E
  • Municipality: UNINCORP DISTRICT 1
  • Latitude: 28.4859
  • Longitude: -80.8023

    Address

  • Full Address: 7240 Madison St
  • Legal Unit: 8
  • Address - House Number: 7240
  • Address - Street Name: Madison
  • Address - Suffix Type: St
  • State: FL
  • City Name: Cocoa
  • Carrier Code: R021
  • 4-Digit Zip Code: 3048
  • Zip Code: 32927

Valuation

    Tax

  • Total Area: 1,598
  • Tax Year: 2022
  • Tax Amount: $283,003
  • Tax Rate Code Area: 1900

    Appraisal Valuation

  • Standard Deviation: 0.1809
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 76
  • Final Value: 321,206
  • High Value: 379,325
  • Low Value: 263,087

    Market Valuation

  • Market Total Value: $223,150

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $223,150

    Sales

  • Current Sale Contract Date: Nov 18, 2021
  • Current Sale Recording Date: Nov 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021305448
  • Previous Sale Recording Date: Nov 03, 2003
  • Previous Sale Contract Date: Oct 17, 2003
  • Previous Sale Amount: $126,900
  • 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 Port St. John

Stats & Trends

Median Asking:

$329,900

Sale Price/ft²

$215

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1578 ft²

Average Home Age

34.1 years

Currently For Sale

78 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 6527 Pleasant Avenue, Cocoa, FL, 32927

$2,100 /mo

  • 3 Beds
  • 2 Baths
  • 1,156 ft²
6527 Pleasant Avenue, Cocoa, FL, 32927 Listing by Ana Garcia
Unit for rent at 6895 Grissom Parkway, Cocoa, FL, 32927

$2,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,764 ft²
6895 Grissom Parkway, Cocoa, FL, 32927 Listing by Karen Gunn-Bardot

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Jeanne Schroeder, Florida Property Center
Last Updated: 3 years ago
Data Source: Space Coast MLS, MLS# 909454
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 7240 Madison Street built and last sold?
The property at 7240 Madison Street was built in 1997 and last sold on Nov 18, 2021 for $306,000.
How much is this home worth?
The estimated value of the home located at 7240 Madison Street is $0.
What are some comparable homes to 7240 Madison Street?
There are currently no comparable homes to 7240 Madison Street.
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