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Melbourne 32934 Cypress Bend
1298 Cypress Bend Circle
$213,000
● House - Off Market

1298 Cypress Bend Circle

Melbourne, FL 32934
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,823 Ft²
$334,332
RealtyHop Estimate
51.97%
Since Feb 1, 2019
National-US
Primary Model

About This Property

This two story home overlooks a small pond, with large screen room, and a paved sitting area to the rear off the home. Two large bedrooms upstairs with a loft area. The ground floor includes a large eat in kitchen gas oven and cook top. The master suite is downstairs and includes a walk in closet with fitted cabinets. See the attached pictures of the master bath.
Unit Size
1,823 Ft²
Days on Market
71 days
Land Size
0.13 acres
Price per sqft
$121
Property Type
House
Property Taxes
$253
HOA Dues
$135
Year Built
1994

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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 #827528)

Price History

Date / Event Date Event Price
Jan 22, 2019 Sold
Premium
Sold
Oct 19, 2018 Listed by RE/MAX Elite $220,000
Listed by RE/MAX Elite
Dec 17, 2001 Sold
Premium
Sold

Property Highlights

Garage
With View

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 2006
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 462
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 59
  • Pool Type: 0
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 5,663
  • Total Building Area: 2,657
  • Gross Building Area: 2,657
  • Building Area: 1,823
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,823
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CYPRESS BEND
  • Land Acres: 0000000130
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: CYPRESS BEND LOT 21 BLK 1

Neighborhood

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

Zoning

  • Zoning: R1A

Geography

  • Assessors Map Reference: 292
  • Account Number: 2703430
  • Parcel: 27-36-23-25-00001.0-0021.00
  • Block: 1
  • Lot: 21
  • Meridian: SEC 23 TWN 27S RNG 36E
  • Municipality: MELBOURNE
  • Latitude: 28.1268
  • Longitude: -80.6966

    Address

  • Full Address: 1298 Cypress Bend Cir
  • Address - House Number: 1298
  • 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: 2,193
  • Tax Year: 2022
  • Tax Amount: $265,043
  • Tax Rate Code Area: 53K0

    Appraisal Valuation

  • Standard Deviation: 0.1809
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 76
  • Final Value: 368,006
  • High Value: 434,593
  • Low Value: 301,420

    Market Valuation

  • Market Total Value: $248,520

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $190,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 18, 2019
  • Current Sale Recording Date: Jan 22, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2019012890
  • Previous Sale Recording Date: Dec 17, 2001
  • Previous Sale Contract Date: Dec 11, 2001
  • Previous Sale Amount: $118,000
  • 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 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 1761 Caleb Lane, Melbourne, FL, 32934

$1,995 /mo

  • 3 Beds
  • 2 Baths
  • 1,791 ft²
1761 Caleb Lane #205, Melbourne, FL, 32934 Listing by Nicole D Grammer

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Stuart M Brown, RE/MAX Elite
Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 827528
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 1298 Cypress Bend Circle built and last sold?
The property at 1298 Cypress Bend Circle was built in 1994 and last sold on Jan 18, 2019 for $213,000.
How much is this home worth?
The estimated value of the home located at 1298 Cypress Bend Circle is $0.
What are some comparable homes to 1298 Cypress Bend Circle?
There are currently no comparable homes to 1298 Cypress Bend Circle.
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