5 months on rocket

243 Cambridge Ln Unit Unit243, Melbourne, FL, 32935

$149,900

Home List Price

$1,780*

Closing Credit

2 Bedrooms
1 Full Bath
815 SqFt
$184/SqFt
Condo
Schools Nearby

Location

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243 Cambridge Ln Unit Unit243, Melbourne$149,900

Buyer Closing Credits

$1,780*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Other
Year Built1977
HeatingCentral, Electric
CoolingCentral Air, Electric
ViewPool
MLS #979237
Lot Size0.06 Acres
StatusActive

About 243 Cambridge Ln Unit Unit243

Nice 6.7+% CAP Rate. Check out this second floor unit with views overlooking the pool! 2 Bed Condo. Similar units receiving $1,300/month (Subtract $355 Maintenance Fee & $109/month Taxes make the 6.7+ CAP rate) Check out this second floor unit with views overlooking the pool and golf course! This 2 bedroom 1 bathroom unit has ample living space. Close to restaurants, shopping and short drive to our beautiful river, beaches and Wickham park. This complex has a community pool, tennis courts, Basketball Court, Pickle Ball Courts, laundry facilities and playground for all to enjoy. Small storage room located on your back balcony for extra storage.

Property Details

Property Features

Property Information:

  • Year Built: 1977
  • Living Area: 815 SqFt

Listing Office:

  • Office Name: Atlantic Properties & Inv, Inc
  • Office Phone: (321) 779-9999
  • Listing Agent: Gene Lewis

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Refrigerator
  • Flooring Type: Carpet, Vinyl
  • Interior: Breakfast Bar, Ceiling Fan(s), Pantry

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • View: Pool
  • Exterior: Balcony, Courtyard

Parking Information:

  • Attached Garage: No
  • Parking: Assigned, Other

Virtual/3D Tour

  • Virtual Tour: 243 Cambridge Ln Unit Unit243

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Lot Features

Lot Information:

  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Electric

School Info

Assigned Schools Information:

  • Eau Gallie High School, Public District Grades PK-12
  • Lyndon B. Johnson Middle School, Public District Grades 7-8
  • Croton Elementary School, Public District Grades PK-6

Other

Directions Information:

  • Directions: Whickham/Lake Washington go East to Cambridge Lane on your right

Price Information

Listing Price Info

Price Summary:

  • List Price: $149,900
  • Price Per SqFt: $184/SqFt

HOA Fees:

  • Amount: $355
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Melbourne, FL.

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Melbourne, FL

City

Med. Sold Price

$403.3K

Med. Price/SqFt

$232

Avg. Days On Market

42

# of Sold Homes

268

243 Cambridge Ln Unit Unit243 vs Melbourne

179 DAYS ON ROCKET

+137 Days

$149,900

-$253.4K Less

$184/SqFt

-$48 Less

KEY TAKEAWAY

This property is $253.4K less than the Median Sold Price and $48/SqFt less than other homes in Melbourne, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Space Coast MLS (Space Coast Association of REALTORS®)
  • MLS Number: #979237

Listing Office:

  • Office Name: Atlantic Properties & Inv, Inc
  • Office Phone: (321) 779-9999
  • Listing Agent: Gene Lewis

IDX Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 10:20:23 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$1,171

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$516

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3038124
4
/10

  • Croton Elementary School

  • 1449 Croton Rd

  • 1.13 miles

  • Public District Grades PK-6

Middle School

school-card-donut-3038125
3
/10

  • Lyndon B. Johnson Middle School

  • 2155 Croton Rd

  • 0.45 miles

  • Public District Grades 7-8

High School

school-card-donut-3038126
3
/10

  • Eau Gallie High School

  • 1400 Commodore Blvd

  • 1.27 miles

  • Public District Grades PK-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $35,983. The most common annual income of people living in Melbourne, FL is less than $35k. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 243 Cambridge Ln Unit Unit243

What is the listing price of this property?

The listing price of 243 Cambridge Ln Unit Unit243 property is $149,900.

What type of property is this?

The property 243 Cambridge Ln Unit Unit243 is a condo located in Melbourne, Florida, 32935.

Is this property for sale now?

Active Listing: 243 Cambridge Ln Unit Unit243 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 243 Cambridge Ln Unit Unit243 are:
Croton Elementary School: GreatSchools Rating 4/10
Lyndon B. Johnson Middle School: GreatSchools Rating 3/10
Eau Gallie High School: GreatSchools Rating 3/10

How many bedrooms and bathrooms does this property have?

The property at 243 Cambridge Ln Unit Unit243 has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 243 Cambridge Ln Unit Unit243 is 815 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 243 Cambridge Ln Unit Unit243 is 1977.

Rocket Homes›Florida›Brevard County›Melbourne›32935›243 Cambridge Ln Unit Unit243

This home is located at 243 Cambridge Ln Unit Unit243 in Melbourne, FL and zip code 32935. This 815 square foot home, which was built in 1977, sits on a 0.06 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since November 01, 2023 and is currently priced at $149,900.

In March 2024 more than 19 listings in Melbourne, FL were sold above the asking price. During the same period more than 76 listings were sold at asking price, while more than 173 were sold below. The number of homes for sale in Melbourne, FL increased by 11.8% between February 2024 and March 2024. While the average time on the market in March 2024 was 42 days, the median list price was $403,349.

From Rocket Homes Real Estate and based on county public records data.

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