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West Melbourne 32904 Sheridan Lakes
1423 Sorento
$227,500
● House - Off Market

1423 Sorento

West Melbourne, FL 32904
bedrooms
6 Beds
bathrooms
5 Baths, 1 Half Bath
$517,711
RealtyHop Estimate
115.80%
Since Nov 1, 2012
National-US
Primary Model

About This Property

OUTSTANDING VALUE in Sheridan Lakes(gated community). A practical 2-story floor plan,with 6 bedrooms, 4 1/2 baths, formal living/dining area,open kitchen with lots of counter space, large island, stainless steel appliances, and huge walk in pantry. Easy care wood laminate flooring and carpet throughout the 1st and 2nd floor. Two master suites, 2nd floor Master suite has two spacious walk-in closet, elegant bath with dual vanities, deep tub and separate shower.Guest bedrooms with private baths.
Unit Size
-
Days on Market
-
Land Size
0.20 acres
Price per sqft
-
Property Type
House
Property Taxes
$213
HOA Dues
$350
Year Built
2004

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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: 3 years ago (Space Coast MLS #638483)

Price History

Date / Event Date Event Price
Nov 15, 2012 Sold
Premium
Sold
Apr 11, 2012 Listed by Better Homes & Gardens RE Star $239,900
Listed by Better Homes & Gardens RE Star
Mar 17, 2011 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2010
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • 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: 616
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 8,712
  • Lot Size Depth Feet: 1,230
  • Lot Size Frontage Feet: 700
  • Total Building Area: 4,590
  • Gross Building Area: 4,590
  • Building Area: 3,926
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,926
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SHERIDAN LAKES PHASE 2
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: SHERIDAN LAKES PHASE 2 LOT 22

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 064601

Zoning

  • Zoning: R1B

Geography

  • Assessors Map Reference: MB 51 PG 29
  • Account Number: 2743963
  • Subdivision Phase Number: 2
  • Parcel: 27-36-35-52-00000.0-0022.00
  • Lot: 22
  • Meridian: SEC 35 TWN 27S RNG 36E
  • Municipality: WEST MELBOURNE
  • Latitude: 28.0856
  • Longitude: -80.7027

    Address

  • Full Address: 1423 Sorento Cir
  • Address - House Number: 1423
  • Address - Street Name: Sorento
  • Address - Suffix Type: Cir
  • State: FL
  • City Name: Melbourne
  • Carrier Code: C038
  • 4-Digit Zip Code: 3119
  • Zip Code: 32904

Valuation

    Tax

  • Total Area: 4,308
  • Tax Year: 2022
  • Tax Amount: $288,348
  • Tax Rate Code Area: 52V0

    Appraisal Valuation

  • Standard Deviation: 0.1738
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 77
  • Final Value: 584,129
  • High Value: 685,662
  • Low Value: 482,595

    Market Valuation

  • Market Total Value: $412,250

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $224,510

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 19, 2012
  • Current Sale Recording Date: Nov 15, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2012231813
  • Previous Sale Recording Date: Mar 17, 2011
  • Previous Sale Contract Date: Mar 15, 2011
  • Previous Sale Amount: $225,000
  • 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 Sheridan Lakes

Stats & Trends

Median Asking:

$489,500

Sale Price/ft²

$154

Below Asking

0.02%

Average Days on Market

146

Average Home Size

2862 ft²

Average Home Age

23 years

Currently For Sale

1 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

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SpaceCoast

Listed by: John C Kent, Better Homes & Gardens RE Star
Last Updated: 3 years ago
Data Source: Space Coast MLS, MLS# 638483
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 1423 Sorento Circle built and last sold?
The property at 1423 Sorento Circle was built in 2004 and last sold on Oct 19, 2012 for $227,500.
How much is this home worth?
The estimated value of the home located at 1423 Sorento Circle is $242,299.
What are some comparable homes to 1423 Sorento Circle?
There are currently no comparable homes to 1423 Sorento Circle.
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