736 Bonnie Circle, Melbourne, FL 32901 (MLS# 863229)

Start Showing Date: 2019-12-18

Current Price: $139,000

Original List Price: 139000

Sold Price: $139,000

Status: Closed

Listing Contract Date: 2019-12-14

Property Sub Type: Single Family Residence

Tax Account: 2818793

Parcel Number: 28-37-04-26-00005.0-0049.00

General County Location: South

Elementary School: University Park

Middle School: Stone

High School: Melbourne

Tax Annual Amount: 1118.31

Tax Year: 2019

Tax Legal Description: MAGNOLIA PARK REPLAT LOT 49 BLK 5

Directions: From intersection of Babcock and Hibiscus, west on Hibiscus, left on Norman St, right on Bonnie Cir.

Bathrooms Half: 0

Living Area: 1192

Living Area Source: Measured

Building Area Total: 1548

Lot Size Acres: 0.19

Lot Size Square Feet: 8276

Association YN: No

New Construction YN: No

Association Name: MAGNOLIA PARK REPLAT

Garage YN: Yes

Property Use: 01

Garage Spaces: 1

Carport YN: No

Carport Spaces: 0

Waterfront YN: No

Senior Community YN: No

Water Body Access YN: No

Furnished: Unfurnished

Direction Faces: Northeast

Pool Private YN: No

List Price/SqFt: 116.61

Sold Price/SqFt: 116.61

Bedrooms Total: 3

Bathrooms Total: 2

Bathrooms Full: 2

Year Built: 1952

Public Remarks: This is your chance to learn to do investment property right, by continuing to do what's set in place. Qualifies for cap gain deferment and reductions. Currently rented at $1400 per month, which results in 8.36 GRM and, with typical financing terms, and using your noggin, around a 15% cash on cash ROI. The tenants are reliable and keep the place neat as a pin. It is close to Melbourne's major employers along Hibiscus and NASA, plus Holmes, downtown and cut through the back way by bicycle to FIT. This place is not a fixer upper. It is ready to go now. Kitchen recently redone, the storage building on a slab, roof 2007, and the AC 2012. It's operating profitably right now. It has some things few properties of the era have, like a dishwasher and garage.

Dryer: 1

Closing Company Name: Gray-Robinson

Closing Company Address: 1795 West NASA Blvd. Post Office Box 1870 (32902-1

Stucco: 1

Terrazzo: 1

In Garage: 1

One: 1

Shed(s): 1

Attached: 1

Garage: 1

None: 1

Shingle: 1

Public Sewer: 1

Standard: 1

Call Listing Agent: 1

Street Number: 736

Street Name: Bonnie

Street Suffix: Circle

County: Brevard

State: FL

Postal Code: 32901

MLS Area Major: 330 - Melbourne - Central

Subdivision Name: Magnolia Park Replat

Major Change Timestamp: 2020-01-27T22:58:02Z

Major Change Type: Status Change

Status Change Timestamp: 2020-01-27

Purchase Contract Date: 2019-12-21

Close Date: 2020-01-24

Close Price: 139000