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Sebastian 32958
1246 Schumann Drive
$370,000
● House - Off Market

1246 Schumann Drive

Sebastian, FL 32958
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,050 Ft²
$2,016
Est. Monthly
10.45%
Cap Rate

About This Property

Discover this inviting 4/2.5/2 home with a brand-new roof, new flooring, and fresh paint-truly move-in ready. The open layout features newer appliances and plenty of natural light, while the home backs to a preserve with walking trail, offering privacy and a daily connection to nature. A partially fenced yard with room for an RV or boat adds flexibility for your lifestyle. Also incudes shed. Minutes from the Indian River Lagoon and Atlantic Ocean, this home blends comfort with outdoor adventure. With upgrades complete and inventory tightening, now is the time to buy your piece of paradise.
Unit Size
2,050 Ft²
Days on Market
33 days
Land Size
0.29 acres
Price per sqft
$178
Property Type
House
Property Taxes
$223
HOA Dues
-
Year Built
2008

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 #291163)

Price History

Date / Event Date Event Price
Oct 20, 2025 Sold
Premium
Sold
Sep 23, 2025 In contract -
In contract
Sep 17, 2025 Listed by The Keyes Company $365,000
Listed by The Keyes Company
Sep 10, 2009 Sold
Premium
Sold
Nov 28, 2005 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 12
  • Building Style: 25
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 11
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 1
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0
  • Location Influence Type: 82

    Dimensions

  • Lot Size Square Feet: 12,632
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 850
  • Total Building Area: 2,626
  • Gross Building Area: 2,626
  • Building Area: 2,050
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,050
  • 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: 0000000290
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: SEBASTIAN HIGHLANDS UNIT 17 BLK 584 LOT 1 PBI 8-46/46P

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050809

Zoning

  • Zoning: RS-10

Geography

  • Parcel: 31-39-19-00001-5840-00001.0
  • Block: 584
  • Lot: 1
  • Meridian: SEC 19 TWN 31S RNG 39E
  • Municipality: CITY OF SEBASTIAN
  • Latitude: 27.7691
  • Longitude: -80.4661

    Address

  • Full Address: 1246 Schumann Dr
  • Legal Unit: 17
  • Address - House Number: 1246
  • Address - Street Name: Schumann
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Sebastian
  • Carrier Code: R018
  • 4-Digit Zip Code: 5616
  • Zip Code: 32958

Valuation

    Tax

  • Total Area: 2,367
  • Tax Year: 2022
  • Tax Amount: $218,771
  • Tax Rate Code Area: 2

    Appraisal Valuation

  • Standard Deviation: 0.2064
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 72
  • Final Value: 427,358
  • High Value: 515,588
  • Low Value: 339,128

    Market Valuation

  • Market Total Value: $297,251
  • Market Land Value: $43,350
  • Market Improvement Value: $253,901

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $161,651

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 28, 2009
  • Current Sale Recording Date: Sep 10, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2017209
  • Previous Sale Recording Date: Nov 28, 2005
  • Previous Sale Contract Date: Nov 23, 2005
  • Previous Sale Amount: $85,000
  • 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 Sebastian

Stats & Trends

Median Asking:

$373,200

Sale Price/ft²

$220

Below Asking

0.02%

Average Days on Market

74

Average Home Size

1787 ft²

Average Home Age

27.3 years

Currently For Sale

138 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 108 Snowy Egret Way, Sebastian, FL, 32958

$3,500 /mo

  • 4 Beds
  • 2 Baths
  • 2,294 ft²
108 Snowy Egret Way, Sebastian, FL, 32958 Listing by Edgar H Rodriguez
Unit for rent at 402 Concha Drive, Sebastian, FL, 32958

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,634 ft²
402 Concha Drive, Sebastian, FL, 32958 Listing by Alexandria Wengert

Rentals Near You

Click here to view more rentals in the neighborhood.
RAIRC

Listed by: Robin M Raiff, The Keyes Company
Last Updated: 2 years ago
Data Source: RAIRC, MLS# 291163
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 1246 Schumann Drive built and last sold?
The property at 1246 Schumann Drive was built in 2008 and last sold on Aug 28, 2009 for $133,000.
How much is this home worth?
The estimated value of the home located at 1246 Schumann Drive is $372,380.
What are some comparable homes to 1246 Schumann Drive?
There are currently no comparable homes to 1246 Schumann Drive.
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