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Melbourne 32935
1458 Cypress Avenue
Photo of 1458 Cypress Avenue
Sold on Jan 15, 2021

1

Map

$80,000
● Land - Off Market

1458 Cypress Avenue

Melbourne, FL 32935
bedrooms
Studio
bathrooms
0 Bath
$116,871
RealtyHop Estimate
29.86%
Since Feb 1, 2021
National-US
Primary Model

About This Property

Nice sized commercial lots 3&4 being sold together .40 acres, lot 5 66x132 also available for .60 acres total if desired. Located on quiet street just off US 1 in Downtown Eau Gallie, close to the Art District and many businesses .
Unit Size
-
Days on Market
30 days
Land Size
0.40 acres
Price per sqft
-
Property Type
Land
Property Taxes
$102
HOA Dues
-
Year Built
-

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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: 2 months ago (Space Coast MLS #892483)

Price History

Date / Event Date Event Price
Jan 15, 2021 Sold
Premium
Sold
Dec 16, 2020 Listed by RE/MAX Alternative Realty $90,000
Listed by RE/MAX Alternative Realty
Aug 8, 2005 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 17,424
  • Lot Size Frontage Feet: 1,320
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: EAU GALLIE, VILLAGE PLAT OF
  • Land Acres: 0000000400
  • Standard Land Use Code: 8002
  • County Land Use Code: 1000
  • State Land Use Code: 010
  • Legal Description 1: EAU GALLIE, VILLAGE PLAT OF LOTS 3,4 BLK 54

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 064202

Zoning

  • Zoning: C3

Geography

  • Assessors Map Reference: 285
  • Account Number: 2717499
  • Parcel: 27-37-16-25-00054.0-0003.00
  • Block: 54
  • Lot: 3
  • Meridian: SEC 16 TWN 27S RNG 37E
  • Municipality: MELBOURNE
  • Latitude: 28.1306
  • Longitude: -80.6322

    Address

  • Full Address: 1458 Cypress Ave
  • Address - House Number: 1458
  • Address - Street Name: Cypress
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Melbourne
  • Carrier Code: C009
  • 4-Digit Zip Code: 5927
  • Zip Code: 32935

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $126,734
  • Tax Rate Code Area: 43K0

    Market Valuation

  • Market Total Value: $73,790

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $73,790

    Sales

  • Current Sale Contract Date: Jul 29, 2005
  • Current Sale Recording Date: Aug 08, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2005280661
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 Melbourne

Stats & Trends

Median Asking:

$310,238

Sale Price/ft²

$213

Below Asking

0.02%

Average Days on Market

64

Average Home Size

1636 ft²

Average Home Age

38.3 years

Currently For Sale

542 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 2277 Highland Avenue, Melbourne, FL, 32935

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,597 ft²
2277 Highland Avenue, Melbourne, FL, 32935 Listing by Cheryl L Smith
Unit for rent at 2261 Highland Avenue, Melbourne, FL, 32935

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,597 ft²
2261 Highland Avenue, Melbourne, FL, 32935 Listing by Cheryl L Smith
Unit for rent at 2267 Highland Avenue, Melbourne, FL, 32935

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,597 ft²
2267 Highland Avenue, Melbourne, FL, 32935 Listing by Cheryl L Smith

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Steven M Munich, RE/MAX Alternative Realty
Last Updated: 2 months ago
Data Source: Space Coast MLS, MLS# 892483
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 1458 Cypress Avenue built and last sold?
The property at 1458 Cypress Avenue was built in and last sold on Jul 29, 2005 for $96,000.
How much is this home worth?
The estimated value of the home located at 1458 Cypress Avenue is $90,900.
What are some comparable homes to 1458 Cypress Avenue?
There are currently no comparable homes to 1458 Cypress Avenue.
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