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Melbourne 32934 Cypress Bend
1280 Cypress Bend Circle
$229,900
● House - Off Market

1280 Cypress Bend Circle

Melbourne, FL 32934
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,519 Ft²
$336,949
RealtyHop Estimate
46.56%
Since Oct 1, 2019
National-US
Primary Model

About This Property

Come see this beautifully remodeled home in a quiet neighborhood.  The roof and A/C are brand new as well as the entire house has been recently renovated.  The kitchen has brand new 'modern gray' cabinets, beautiful granite, white stack stone backsplash and stainless steel appliances.  Not to mention the bathrooms have been remodeled as well!  The interior has an open concept for the kids or guests.  There are vaulted ceilings throughout most of the house so all the rooms feel much larger.  The entire house has new vinyl plank flooring that is water resistant.  There is a nice back porch with windows to open and close depending on the weather outside.  Not to mention tongue and groove ceilings and 2 ceiling fans to keep you cool. Don't miss this opportunity because it won't last long
Unit Size
1,519 Ft²
Days on Market
42 days
Land Size
0.12 acres
Price per sqft
$151
Property Type
House
Property Taxes
$242
HOA Dues
$135
Year Built
1994

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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: 6 months ago (Space Coast MLS #853238)

Price History

Date / Event Date Event Price
Oct 7, 2019 Sold
Premium
Sold
Aug 13, 2019 Listed by RE/MAX Aerospace Realty $229,900
Listed by RE/MAX Aerospace Realty
Jun 18, 2019 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 2017
  • Building Count: 1
  • Bedroom Count: 3
  • 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: 422
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 35
  • Pool Type: 0
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 5,227
  • Lot Size Depth Feet: 1,060
  • Lot Size Frontage Feet: 510
  • Total Building Area: 2,146
  • Gross Building Area: 2,146
  • Building Area: 1,519
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,519
  • 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 39 BLK 2

Neighborhood

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

Zoning

  • Zoning: R1A

Geography

  • Assessors Map Reference: 292
  • Account Number: 2703476
  • Parcel: 27-36-23-25-00002.0-0039.00
  • Block: 2
  • Lot: 39
  • Meridian: SEC 23 TWN 27S RNG 36E
  • Municipality: MELBOURNE
  • Latitude: 28.125
  • Longitude: -80.6966

    Address

  • Full Address: 1280 Cypress Bend Cir
  • Address - House Number: 1280
  • 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

  • Total Area: 1,823
  • Tax Year: 2022
  • Tax Amount: $272,248
  • Tax Rate Code Area: 53K0

    Appraisal Valuation

  • Standard Deviation: 0.1952
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 74
  • Final Value: 364,070
  • High Value: 435,152
  • Low Value: 292,988

    Market Valuation

  • Market Total Value: $253,840

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $194,910

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 25, 2019
  • Current Sale Recording Date: Oct 07, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2019218592
  • Previous Sale Recording Date: Jun 18, 2019
  • Previous Sale Contract Date: Jun 18, 2019
  • Previous Sale Amount: $140,000
  • Previous Sale Document Type: 69
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:

$284,500

Sale Price/ft²

$214

Below Asking

0.02%

Average Days on Market

55

Average Home Size

1399 ft²

Average Home Age

31.8 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 1125 White Oak Circle, Melbourne, FL, 32934

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,465 ft²
1125 White Oak Circle, Melbourne, FL, 32934 Listing by Emilia Laura Primucci

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Lauren Doyle, RE/MAX Aerospace Realty
Last Updated: 6 months ago
Data Source: Space Coast MLS, MLS# 853238
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 1280 Cypress Bend Circle built and last sold?
The property at 1280 Cypress Bend Circle was built in 1994 and last sold on Sep 25, 2019 for $229,900.
How much is this home worth?
The estimated value of the home located at 1280 Cypress Bend Circle is $0.
What are some comparable homes to 1280 Cypress Bend Circle?
There are currently no comparable homes to 1280 Cypress Bend Circle.
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