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Off market
  • $212,400

    1588 Old Colonial Way, Melbourne, FL 32935

    3beds
    1baths
    1,081sqft
    SingleFamily
    Built in 1958
    9,147 Square Feet Lot
    $212,400 Zestimate®
    $196/sqft
    $1,784 Estimated rent

    Home value

    $212,400

    $178,000 - $244,000

    $1,784/mo

    Zestimate® history
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    $1,494/mo

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    What's special

    This 3/1 house needs a complete rehab including the roof and AC. On the plus side, the Indian River is visible from the front yard. The property sits on 0.21 acres. The ARV on the house should be around $75K-$80K. Repair costs depend on how much your contractor charges you, materials used and how much you do yourself. There is one active listing in the subdivision for $79K for a 2/1 house, roughly the same size; other comps (REOs needing rehabs) have sold for around 35K. NO FPE breaker box. This is a cash only deal and MUST close before 2/17/2015. Hard money can be used if you can close on time. Disclaimer: This house is not in the MLS. One or more members of the company that owns the property is a Florida Realtor.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 1
    Cooling
    • Central
    Appliances
    • Included: Washer
    Interior area
    • Total interior livable area: 1,081 sqft

    Property

    Parking
    • Parking features: Off-street
    Features
    • Exterior features: Other
    Lot
    • Size: 9,147 sqft
    Details
    • Parcel number: 27370503F14

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • masonry
    • Roof: Built-up
    Condition
    • Year built: 1958

    Community & neighborhood

    Location
    • Region: Melbourne

    Price history

    DateEventPrice
    3/24/2021Listing removed--
    Source: Owner Report a problem
    2/6/2015Listing removed$25,000$23/sqft
    Source: Owner Report a problem
    1/28/2015Price change$25,000-16.7%$23/sqft
    Source: Owner Report a problem
    1/23/2015Listed for sale$30,000$28/sqft
    Source: Owner Report a problem
    12/22/2014Listing removed$30,000$28/sqft
    Source: Owner Report a problem
    12/12/2014Listed for sale$30,000-76.2%$28/sqft
    Source: Owner Report a problem
    8/16/2005Sold$125,900+186.8%$116/sqft
    Source: Public Record Report a problem
    7/8/1999Sold$43,900$41/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$636 +4.1%$62,190 +2.9%
    2024$611 +1.4%$60,440 +3%
    2023$602 +5.3%$58,680 +3%
    2022$572 -1.8%$56,980 +3%
    2021$583 +0.2%$55,330 +1.4%
    2020$581 -1.8%$54,570 +2.3%
    2019$592 $53,350 +1.9%
    2018$592 -0.7%$52,360 +2.1%
    2017$596 -1.2%$51,290 +2.1%
    2016$603 -3.4%$50,240 +4.1%
    2015$625 -45.1%$48,260 +9.2%
    2014$1,137 $44,200 +10%
    2013-- $40,190 +2.8%
    2012$860 -13.1%$39,100 -12.9%
    2011$989 -5.3%$44,910 -14.2%
    2010$1,045 +1.9%$52,350 -5.6%
    2009$1,026 +32%$55,480 -32.8%
    2008$777 -40.2%$82,600 -15.8%
    2007$1,300 +99.4%$98,100 +37.6%
    2005$652 +12%$71,290 +45.1%
    2004$582 +19.7%$49,140 +3.5%
    2003$486 +8%$47,490 +6.6%
    2002$450 +3.7%$44,550 +2.9%
    2001$434 -2.9%$43,290 +11.4%
    2000$447 $38,870

    Find assessor info on the county website

    Neighborhood: 32935

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $212,400
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    Estimated market value
    $212,400