For SaleRisky Deal0 days on market
1700 Marcello Dr
1700 Marcello Dr, Melbourne, FL 32934, Melbourne, FL 32934
$659,900
Estimate®:$647,400
Listing Price
1700 Marcello Dr, Melbourne, FL 32934
Loc: Melbourne, FL
Days Listed
0
Tax Assessed
$469k
Estimate®
$647k
Market Rate
Lot Size
0.36 acres
Rent Estimate
$3,433/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
5
Sabal Elementary School
PK-6
0.9 mi away
4
Lyndon B. Johnson Middle School
7-8
2 mi away
4
Eau Gallie High School
PK,9-12
2.2 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
Mediterraneanranch-stylestucco exteriorpaver drivewayattached garagepalm treelandscaped lawngated entrysingle-storycurb appealwell-maintainedsuburbanspacious
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
3.51%
Total ROI
35.1%
Cash Flow
$-1,494/mo
DSCR
0.56
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-1,494/mo net cash flow with a 3.5% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Melbourne, FL
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-23 | Listed for sale | $659,900 | $329 |
| 2026-09-07 | Listing removed | $689,900 | $344 |
| 2026-08-18 | Price change | $689,900 | $344 |
| 2026-08-03 | Price change | $749,900 | $374 |
| 2026-07-18 | Listed for sale | $779,000 | $388 |
| 2015-03-30 | Sold | $365,000 | $182 |
| 2015-03-13 | Pending sale | $389,900 | $194 |
| 2014-11-08 | Price change | $389,900 | $194 |
| 2014-09-13 | Listed for sale | $399,900 | $199 |
| 2010-02-05 | Sold | $300,000 | $149 |
| 2009-08-18 | Sold | $55,000 | $27 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $116.7 | $369,360 |
| 2024 | $113.8 | $358,960 |
| 2023 | $110.48 | $348,510 |
| 2022 | $106.13 | $338,360 |
| 2021 | $101 | $328,510 |
| 2020 | $5,123.17 | $323,980 |
| 2019 | $5,178.18 | $316,700 |
| 2018 | $5,178.18 | $310,800 |
| 2017 | $5,174.11 | $304,410 |
| 2016 | $5,192.66 | $298,150 |
| 2015 | $5,351.03 | $280,660 |
| 2014 | $4,103.66 | $233,920 |
| 2013 | $0 | $246,570 |
| 2012 | $3,977.03 | $253,200 |
| 2011 | $3,838.2 | $220,020 |
| 2010 | $948.26 | $47,500 |
| 2009 | $1,062.97 | $57,500 |
| 2008 | $1,526.73 | $85,000 |
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