For SaleRisky Deal1 days on market
2824 Maderia Cir
2824 Maderia Cir, Melbourne, FL 32935, Melbourne, FL 32935
$339,000
Estimate®:$328,700
Listing Price
2824 Maderia Cir, Melbourne, FL 32935
Loc: Melbourne, FL
Days Listed
1
Tax Assessed
$262k
Estimate®
$329k
Market Rate
Lot Size
5,227 sqft
Rent Estimate
$2,238/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.
3
Dr. W.J. Creel Elementary School
PK-7
0.8 mi away
4
Eau Gallie High School
PK,9-12
1.4 mi away
4
Lyndon B. Johnson Middle School
7-8
1 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
ranch stylesingle-storystucco exteriortwo-car garageasphalt shingle roofdrivewaymature treeslandscaped front yardresidentialsuburbancozysunnyyellow facade
Haven AI Verdict
Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
4.74%
Total ROI
61.9%
Cash Flow
$-420/mo
DSCR
0.76
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-420/mo net cash flow with a 4.7% 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 |
|---|---|---|---|
| 2026-09-22 | Listed for sale | $339,000 | $262 |
| 2026-09-17 | Listed for rent | $2,050 | $2 |
| 2015-05-22 | Listing removed | $1,250 | $1 |
| 2015-04-22 | Listed for rent | $1,250 | $1 |
| 2015-04-06 | Sold | $129,000 | $100 |
| 2011-04-22 | Sold | $83,900 | $65 |
| 2011-02-26 | Listed for sale | $83,900 | $65 |
| 2011-02-19 | Pending sale | $83,900 | $65 |
| 2011-01-13 | Price change | $83,900 | $65 |
| 2010-12-03 | Listed for sale | $91,900 | $71 |
| 2006-04-25 | Sold | $210,000 | $163 |
| 2002-07-08 | Sold | $105,500 | $82 |
| 1999-05-28 | Sold | $86,800 | $67 |
| 1999-01-07 | Sold | $35,900 | $28 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $4,547.41 | $262,210 |
| 2024 | $4,180.07 | $259,910 |
| 2023 | $3,959.93 | $252,920 |
| 2022 | $3,561.99 | $241,120 |
| 2021 | $3,106.56 | $166,830 |
| 2020 | $2,995.49 | $159,750 |
| 2019 | $2,915.58 | $155,640 |
| 2018 | $2,915.58 | $146,980 |
| 2017 | $2,749.03 | $127,590 |
| 2016 | $2,537.45 | $110,190 |
| 2015 | $2,401.85 | $78,500 |
| 2014 | $879.59 | $77,880 |
| 2013 | $0 | $82,300 |
| 2012 | $762.15 | $75,450 |
| 2011 | $1,799.65 | $81,690 |
| 2010 | $1,931.81 | $96,770 |
| 2009 | $2,008.89 | $108,670 |
| 2008 | $2,442.77 | $136,000 |
| 2007 | $2,650.69 | $149,000 |
| 2005 | $2,509.92 | $125,940 |
| 2004 | $1,944.64 | $91,760 |
| 2003 | $1,747.78 | $75,260 |
| 2002 | $981.56 | $71,130 |
| 2001 | $951.18 | $66,240 |
| 2000 | $888.34 | $63,020 |
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