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Brevard 32940
1255 Dromin
$251,000
● House - Off Market

1255 Dromin

Melbourne, FL 32940
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,901 Ft²
$581,927
RealtyHop Estimate
131.84%
Since Feb 1, 2012
National-US
Primary Model

About This Property

Bank wants to close by November 25th. We have approval or counter offer at 259 K from bank. Buyers could not wait. Need new contract. 5 Bedroom 3 Bath, with a 3 car garage. Huge Master Suite and bath. Kitchen Boast Granite Counter Tops, Center Island with Sink, 42'''' High Cabinets, Range Gas, Breakfast Nook. Open Living and Dining room with Separate Family Room. Large Covered Porch with Gas.
Unit Size
2,901 Ft²
Days on Market
1024 days
Land Size
0.29 acres
Price per sqft
$87
Property Type
House
Property Taxes
$301
HOA Dues
$650
Year Built
2006

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #536379)

Price History

Date / Event Date Event Price
Feb 20, 2012 Sold
Premium
Sold
Jan 18, 2012 Sold
Premium
Sold
Mar 23, 2009 Listed by Power Realty, LLC $251,000
Listed by Power Realty, LLC
Aug 3, 2006 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2014
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 692
  • Parking Space Count: 2
  • Patio Type: 69
  • Porch Type: 126
  • Pool Type: 8
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 12,632
  • Lot Size Frontage Feet: 1,040
  • Total Building Area: 4,076
  • Gross Building Area: 4,076
  • Building Area: 3,001
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,001
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CAPRON RIDGE PHASE FOUR
  • Land Acres: 0000000290
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: CAPRON RIDGE PHASE FOUR LOT 8 BLK M

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 063108

Zoning

  • Zoning: PUD

Geography

  • Assessors Map Reference: MB 52 PG 98
  • Account Number: 2536520
  • Subdivision Phase Number: 4
  • Parcel: 25-36-35-50-0000M.0-0008.00
  • Block: M
  • Lot: 8
  • Meridian: SEC 35 TWN 25S RNG 36E
  • Municipality: VIERA/UNINCORP DISTRICT 4
  • Latitude: 28.2608
  • Longitude: -80.7005

    Address

  • Full Address: 1255 Dromin Ln
  • Address - House Number: 1255
  • Address - Street Name: Dromin
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Melbourne
  • Carrier Code: R079
  • 4-Digit Zip Code: 6019
  • Zip Code: 32940

Valuation

    Tax

  • Total Area: 3,433
  • Tax Year: 2022
  • Tax Amount: $376,867
  • Tax Rate Code Area: 430Y

    Appraisal Valuation

  • Standard Deviation: 0.1714
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 78
  • Final Value: 685,295
  • High Value: 802,763
  • Low Value: 567,826

    Market Valuation

  • Market Total Value: $522,210

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $291,760

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 13, 2012
  • Current Sale Recording Date: Feb 20, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2012031144
  • Previous Sale Recording Date: Aug 03, 2006
  • Previous Sale Contract Date: Jul 28, 2006
  • Previous Sale Amount: $418,100
  • 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 Brevard

Stats & Trends

Median Asking:

$365,000

Sale Price/ft²

$216

Below Asking

0.02%

Average Days on Market

70

Average Home Size

1828 ft²

Average Home Age

29.7 years

Currently For Sale

5396 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 2039 Tullagee Avenue, Melbourne, FL, 32940

$3,250 /mo

  • 3 Beds
  • 2 Baths
  • 2,032 ft²
2039 Tullagee Avenue, Melbourne, FL, 32940 Listing by Edgar H Rodriguez

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Peter M Dickson, Power Realty, LLC
Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 536379
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 1255 Dromin Lane built and last sold?
The property at 1255 Dromin Lane was built in 2006 and last sold on Jan 13, 2012 for $251,000.
How much is this home worth?
The estimated value of the home located at 1255 Dromin Lane is $0.
What are some comparable homes to 1255 Dromin Lane?
There are currently no comparable homes to 1255 Dromin Lane.
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