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Melbourne 32934 Magnolia Lakes
1279 White Oak Circle
$243,000
● House - Off Market

1279 White Oak Circle

Melbourne, FL 32934
bedrooms
4 Beds
bathrooms
2 Baths
$366,729
RealtyHop Estimate
46.75%
Since Aug 1, 2019
National-US
Primary Model

About This Property

This brilliantly remodeled 4 Bedroom, 2 Bath Magnolia Lakes home is unique! It offers a stunning new Island Kitchen serving both the Dining and Family rooms. Terrific for entertaining! Vaulted ceilings & plant shelves add to the spacious feel. The Master Suite easily fits a king bed, and the upgraded Master Bath now offers a modern freestanding dual sink vanity, tile floors, garden tub & rock tile shower. This split plan has two front bedrooms that could be sectioned off as a private living suite. A 4th bedroom off the Master is perfect for a convenient nursery, office or gym. This stucco on Concrete Block home also has a new A/C, screened entry, screened back porch, 2nd open air paver patio and two stately oaks providing shade on both sides. Convenient to I-95, shopping and dining.
Unit Size
-
Days on Market
-
Land Size
0.13 acres
Price per sqft
-
Property Type
House
Property Taxes
$107
HOA Dues
$275
Year Built
1999

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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: 3 years ago (Space Coast MLS #845167)

Price History

Date / Event Date Event Price
Jul 24, 2019 Sold
Premium
Sold
May 15, 2019 Listed by RE/MAX Aerospace Realty $249,900
Listed by RE/MAX Aerospace Realty
May 19, 2004 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 2009
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • 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: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 389
  • Parking Space Count: 1
  • Patio Type: 92
  • Porch Type: 35
  • Pool Type: 0
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 5,663
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,290
  • Gross Building Area: 2,290
  • Building Area: 1,865
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,865
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAGNOLIA LAKES PHASE 1
  • Land Acres: 0000000130
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: MAGNOLIA LAKES PHASE 1 LOT 4

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 064130

Zoning

  • Zoning: R1B

Geography

  • Assessors Map Reference: 292
  • Account Number: 2736234
  • Subdivision Phase Number: 1
  • Parcel: 27-36-23-02-00000.0-0004.00
  • Lot: 4
  • Meridian: SEC 23 TWN 27S RNG 36E
  • Municipality: MELBOURNE
  • Latitude: 28.1228
  • Longitude: -80.6949

    Address

  • Full Address: 1279 White Oak Cir
  • Address - House Number: 1279
  • Address - Street Name: White Oak
  • Address - Suffix Type: Cir
  • State: FL
  • City Name: Melbourne
  • Carrier Code: R025
  • 4-Digit Zip Code: 7289
  • Zip Code: 32934

Valuation

    Tax

  • Total Area: 2,111
  • Tax Year: 2022
  • Tax Amount: $268,278
  • Tax Rate Code Area: 53K0

    Appraisal Valuation

  • Standard Deviation: 0.1952
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 74
  • Final Value: 390,985
  • High Value: 467,321
  • Low Value: 314,648

    Market Valuation

  • Market Total Value: $272,360

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $197,590

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 17, 2019
  • Current Sale Recording Date: Jul 24, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2019159852
  • Previous Sale Recording Date: May 19, 2004
  • Previous Sale Contract Date: May 14, 2004
  • Previous Sale Amount: $172,500
  • 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 Magnolia Lakes

Stats & Trends

Median Asking:

$357,500

Sale Price/ft²

$202

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1578 ft²

Average Home Age

27 years

Currently For Sale

2 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 1281 Berryhill Drive, Melbourne, FL, 32934

$2,400 /mo

  • 3 Beds
  • 2 Baths
  • 1,468 ft²
1281 Berryhill Drive, Melbourne, FL, 32934 Listing by Joseph Mignone
Unit for rent at 854 Hunters Creek Drive, West Melbourne, FL, 32904

$2,400 /mo

  • 3 Beds
  • 2 Baths
  • 1,460 ft²
854 Hunters Creek Drive, West Melbourne, FL, 32904 Listing by Melissa Joeliz Lussier

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Emma Lewis, RE/MAX Aerospace Realty
Last Updated: 3 years ago
Data Source: Space Coast MLS, MLS# 845167
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 1279 White Oak Circle built and last sold?
The property at 1279 White Oak Circle was built in 1999 and last sold on Jul 17, 2019 for $243,000.
How much is this home worth?
The estimated value of the home located at 1279 White Oak Circle is $0.
What are some comparable homes to 1279 White Oak Circle?
There are currently no comparable homes to 1279 White Oak Circle.
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