tomo logo

$399,900

Beds
4
Baths
3.0
sq ft
1,340

342 Gray Rd, Melbourne, FL 32904

342 Gray Rd

MELBOURNE, FL 32904

  • 27 days on market
This fully renovated 3 bedroom, 2 bathroom home, paired with a renovated, INCOME-PRODUCING detached 1 bedroom, 1 bathroom unit, offers a unique opportunity for both living and earning. The main home has been completely transformed from floor to ceiling, including a new roof, brand-new HVAC system, and newer appliances. The partially fenced yard offers privacy and versatility, complete with two detached storage sheds, including an impressive 20x20 structure. Conveniently located just minutes from dining and shopping and only 10 miles from Melbourne’s beaches, this property combines modern living with an incredible location. Whether you're looking for a home with extra income potential or simply a fresh start, this one has it all!

Details

Property type

Single Family Residence

Est. home value

$160,258

Lot size

0.33 acres

Price per sq ft

$299

Year built

1935

Annual property taxes

$2,443

HOA

No

Price History

12/26/2024
StellarMLS

StellarMLS #S5117562

Listed
$399,900
+244.74%
01/30/2023
StellarMLS

StellarMLS #J957336

Sold
$116,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$305,310
Asking price
$399,900
Closing costs (~8% of asking)
-$31,992
Est. remaining loan balance
-$62,598
Cash to seller
$305,310

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Americas Wholesale Lender

Loan start date

May 2006

Original loan amount

$104,000

Est. remaining balance

$62,598

Interest rate

6.34%

Loan type

New Conventional, 30 year

Seller

Richard Lewis

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 01/22/2025 at 6:55 PM

Listing updated: 12/27/2024 at 12:06 PM

Listed by: Nichole Mallon, KEYSTONE RESIDENTIAL GROUP LLC Phone #: (407) 556-3249

MLS: StellarMLS #S5117562

StellarMLS logo

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