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Melbourne 32934 Cypress Bend
1228 Cypress Bend Circle
$117,000
● House - Off Market

1228 Cypress Bend Circle

Melbourne, FL 32934
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,315 Ft²
$218,703
RealtyHop Estimate
86.13%
Since Oct 1, 2014
National-US
Primary Model

About This Property

The tranquility of the large, calming oak trees outside creates a peaceful atmosphere within this three bedroom, two bath home with a large two car garage. The open floor plan features a kitchen with updated stainless appliances which opens to both a casual dining room and huge family room. This is a Fannie Mae property. Purchase this property for as little as 5% down! This property is approved for HomePath Mortgage Financing. This property is approved for HomePath Renovation Mortgage Financing.
Unit Size
1,315 Ft²
Days on Market
70 days
Land Size
0.12 acres
Price per sqft
$89
Property Type
House
Property Taxes
$154
HOA Dues
$125
Year Built
1998

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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: 5 months ago (Space Coast MLS #701068)

Price History

Date / Event Date Event Price
Jan 24, 2025 Sold
Premium
Sold
Dec 14, 2024 In contract -
In contract
Dec 4, 2024 Price Decreased $284,900
↓ $15K (5%)
Price Decreased
Nov 19, 2024 Relisted $299,900
Relisted
Nov 19, 2024 Price Decreased $299,899
↓ $1 (0%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 2008
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 1
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 399
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 4
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,227
  • Total Building Area: 1,315
  • Gross Building Area: 1,924
  • Building Area: 1,315
  • Building Area Measurement: B

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,315
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CYPRESS BEND
  • Land Acres: 0000000120
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: CYPRESS BEND LOT 13 BLK 2

Neighborhood

  • Census Tract: 064125

Geography

  • Assessors Map Reference: MB 35 PG 64
  • Account Number: 2703450
  • Parcel: 27-36-23-25-00002.0-0013.00
  • Block: 2
  • Lot: 13
  • Meridian: SEC 23 TWN 27S RNG 36E
  • Municipality: MELBOURNE
  • Latitude: 28.1242
  • Longitude: -80.6998

    Address

  • Full Address: 1228 Cypress Bend Cir
  • Address - House Number: 1228
  • Address - Street Name: Cypress Bend
  • Address - Suffix Type: Cir
  • State: FL
  • City Name: Melbourne
  • Carrier Code: R070
  • 4-Digit Zip Code: 7246
  • Zip Code: 32934

Valuation

    Tax

  • Tax Year: 2019
  • Tax Amount: $207,185
  • Tax Rate Code Area: 53K0

    Market Valuation

  • Market Total Value: $138,640
  • Market Land Value: $25,000
  • Market Improvement Value: $113,640

    Assessments Valuation

  • Assessed Year: 2018
  • Assessed Total Value: $138,640
  • Assessed Land Value: $25,000
  • Assessed Improvements Value: $113,640

    Sales

  • Current Sale Contract Date: Sep 16, 2014
  • Current Sale Recording Date: Oct 06, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2014197786
  • Previous Sale Recording Date: Jul 16, 2014
  • Previous Sale Contract Date: Jun 04, 2014
  • Previous Sale Amount: $136,500
  • Previous Sale Document Type: 71
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 Cypress Bend

Stats & Trends

Median Asking:

$290,000

Sale Price/ft²

$211

Below Asking

0.02%

Average Days on Market

51

Average Home Size

1401 ft²

Average Home Age

31.9 years

Currently For Sale

0 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 9045 S York Lane S, West Melbourne, FL, 32904

$1,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,320 ft²
9045 S York Lane S #15E, West Melbourne, FL, 32904 Listing by Richard J Mellen
Unit for rent at 816 Greenwood Manor Circle, West Melbourne, FL, 32904

$1,900 /mo

  • 2 Beds
  • 2 Baths
  • 1,319 ft²
816 Greenwood Manor Circle #10, West Melbourne, FL, 32904 Listing by Gidget Sottile Frese

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Marcie W Bolt, Tropic Coast Realty
Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 701068
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 1228 Cypress Bend Circle built and last sold?
The property at 1228 Cypress Bend Circle was built in 1998 and last sold on Sep 16, 2014 for $117,000.
How much is this home worth?
The estimated value of the home located at 1228 Cypress Bend Circle is $275,813.
What are some comparable homes to 1228 Cypress Bend Circle?
There are currently no comparable homes to 1228 Cypress Bend Circle.
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