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Sebastian 32958
121 Arcadia Drive
$345,000
● House - Off Market

121 Arcadia Drive

Sebastian, FL 32958
bedrooms
3 Beds
bathrooms
2 Baths, 2 Half Baths
square feet
1,773 Ft²
$1,929
Est. Monthly
6.29%
Cap Rate

About This Property

BEAUTIFULLY MAINTAINED LIGHT AND BRIGHT 3/2/2 CBK HOME WAITING FOR NEW OWNERS. FORMAL LIVING AND DINIING ROOM. OPEN KITCHEN CONCEPT WITH CORIAN, WHITE CABINETRY ALL EMBRACING THE FAMILY ROOM FOR ENTERTAINMENT. A/C 2020. BEAUTIFUL FENCED BACKYARD WITH PLENTY OF ROOM FOR YOUR CUSTOM POOL. NO HOA AND QUIET STREET. CENTRALLY LOCATED TO SHOPPING AND RESTAURANTS. MINUTES TO THE TRANQUILITY OF THE SEBASTIAN RIVER. SELLER CAN ACCOMMODATE A QUICK CLOSING. FURNISHINGS ARE NEGOTIABLE.  BONUS... A NEW DIMENSIONAL SHINGLE ROOF SCHEDULED TO BE INSTALLED BY END OF JUNE.
Unit Size
1,773 Ft²
Days on Market
97 days
Land Size
0.23 acres
Price per sqft
$209
Property Type
House
Property Taxes
$113
HOA Dues
-
Year Built
1995

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (Indian River #287567)

Price History

Date / Event Date Event Price
Jul 30, 2025 Sold
Premium
Sold
Jun 11, 2025 In contract -
In contract
Jun 1, 2025 Price Increased $369,900
↑ $10K (2.8%)
Price Increased
May 13, 2025 Price Decreased $359,900
↓ $15K (4%)
Price Decreased
Apr 24, 2025 Listed by RE/MAX Crown Realty VB $374,900
Listed by RE/MAX Crown Realty VB
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 1
  • Garage Square Area: 529
  • Parking Space Count: 2
  • Patio Type: 92
  • Porch Type: 111
  • Pool Type: 0
  • Location Influence Type: 131

    Dimensions

  • Lot Size Square Feet: 10,019
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 800
  • Total Building Area: 2,302
  • Gross Building Area: 2,555
  • Building Area: 1,773
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,773
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SEBASTIAN HIGHLANDS UNIT 17
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: SEBASTIAN HIGHLANDS UNIT 17 BLK 454 LOT 36 PBI 8-46 TO 46P

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050805

Zoning

  • Zoning: RS-10

Geography

  • Parcel: 31-39-19-00001-4540-00036.0
  • Block: 454
  • Lot: 36
  • Meridian: SEC 19 TWN 31S RNG 39E
  • Municipality: CITY OF SEBASTIAN
  • Latitude: 27.7624
  • Longitude: -80.457

    Address

  • Full Address: 121 Arcadia Dr
  • Legal Unit: 17
  • Address - House Number: 121
  • Address - Street Name: Arcadia
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Sebastian
  • Carrier Code: R018
  • 4-Digit Zip Code: 6946
  • Zip Code: 32958

Valuation

    Tax

  • Total Area: 2,183
  • Tax Year: 2022
  • Tax Amount: $133,880
  • Tax Rate Code Area: 2

    Appraisal Valuation

  • Standard Deviation: 0.1883
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 75
  • Final Value: 393,358
  • High Value: 467,438
  • Low Value: 319,278

    Market Valuation

  • Market Total Value: $247,663
  • Market Land Value: $34,000
  • Market Improvement Value: $213,663

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $113,121

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 31, 1998
  • Current Sale Recording Date: Aug 19, 1999
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Sebastian

Stats & Trends

Median Asking:

$373,500

Sale Price/ft²

$220

Below Asking

0.02%

Average Days on Market

74

Average Home Size

1796 ft²

Average Home Age

26.7 years

Currently For Sale

140 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 5790 Marina Drive, Sebastian, FL, 32958

$2,200 /mo

  • 2 Beds
  • 2 Baths
  • 1,060 ft²
5790 Marina Drive #2, Sebastian, FL, 32958 Listing by Lorena K Santoro
Unit for rent at 511 Biscayne Lane, Sebastian, FL, 32958

$2,150 /mo

  • 3 Beds
  • 2 Baths
  • 1,200 ft²
511 Biscayne Lane, Sebastian, FL, 32958 Listing by Jennifer M Penna

Rentals Near You

Click here to view more rentals in the neighborhood.
RAIRC

Listed by: Sherri Lynn Sproch, RE/MAX Crown Realty VB
Last Updated: 2 years ago
Data Source: RAIRC, MLS# 287567
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Frequently Asked Questions

When was property at 121 Arcadia Drive built and last sold?
The property at 121 Arcadia Drive was built in 1995 and last sold on Dec 31, 1998 for $24,400.
How much is this home worth?
The estimated value of the home located at 121 Arcadia Drive is $0.
What are some comparable homes to 121 Arcadia Drive?
There are currently no comparable homes to 121 Arcadia Drive.
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