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Viera East 32940 Cross Creek
1504 Knoll Ridge Drive
$401,000
● House - Off Market

1504 Knoll Ridge Drive

Viera, FL 32940
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,234 Ft²
$525,404
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model

About This Property

Turn key ready, original owners, well maintained, Gorgeous DIRECT LAKEFRONT concrete screened enclosed pool home with over 2200 sqft, 5 bedrooms or could be 4 bedrooms plus office, stunning acacia natural hardwood flooring/18'' tile; high ceilings, Lots of natural lighting, several walk in closets, New roof 2017 w/upgraded shingles, hurricane shutters, new Raheem tankless hot water heater, UV light installed in A/C to kill germs, pool & spa resurfaced w/pebble tech lifetime finish, 2018 pool heater, 120 gallon propane tank inground to heat pool (leased)  beautiful landscaping w/surrounding fox tail palms, centrally located near viera shops, hospital, golf, restaurants, minutes to 95, beaches, boating, Orlando, Cape Canaveral. This will not last!
Unit Size
2,234 Ft²
Days on Market
35 days
Land Size
-
Price per sqft
$179
Property Type
House
Property Taxes
-
HOA Dues
$285
Year Built
2002

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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: 5 months ago (Space Coast MLS #889091)

Price History

Date / Event Date Event Price
Dec 4, 2020 Sold
Premium
Sold
Oct 30, 2020 Listed by Coldwell Banker Paradise $399,900
Listed by Coldwell Banker Paradise
May 15, 2002 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2012
  • Building Count: 1
  • Bedroom Count: 0
  • 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: 500
  • Parking Space Count: 0
  • Patio Type: 69
  • Porch Type: 35
  • Pool Type: 8
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 8,712
  • Total Building Area: 3,093
  • Gross Building Area: 3,093
  • Building Area: 2,234
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,234
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CROSS CREEK PHASE TWO
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • Legal Description 1: CROSS CREEK PHASE TWO LOT 34 BLK B

Neighborhood

  • Census Tract: 063106

Geography

  • Assessors Map Reference: MB 47 PG 19
  • Account Number: 2624456
  • Subdivision Phase Number: 2
  • Parcel: 26-36-04-SF-0000B.0-0034.00
  • Block: B
  • Lot: 34
  • Meridian: SEC 04 TWN 26S RNG 36E
  • Municipality: UNINCORP DISTRICT 4
  • Latitude: 28.2567
  • Longitude: -80.7235

    Address

  • Full Address: 1504 Knoll Ridge Dr
  • Address - House Number: 1504
  • Address - Street Name: Knoll Ridge
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Melbourne
  • Carrier Code: R090
  • 4-Digit Zip Code: 6375
  • Zip Code: 32940

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $499,280
  • Tax Rate Code Area: 4200

    Appraisal Valuation

  • Standard Deviation: 0.1927
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 74
  • Final Value: 565,163
  • High Value: 674,110
  • Low Value: 456,216

    Market Valuation

  • Market Total Value: $401,320

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $401,320

    Sales

  • Current Sale Contract Date: Dec 04, 2020
  • Current Sale Recording Date: Dec 07, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020273492
  • Previous Sale Recording Date: May 15, 2002
  • Previous Sale Contract Date: May 03, 2002
  • Previous Sale Amount: $186,700
  • 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 Cross Creek

Stats & Trends

Median Asking:

$477,000

Sale Price/ft²

$206

Above Asking

0.00%

Average Days on Market

78

Average Home Size

2318 ft²

Average Home Age

24 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 2039 Tullagee Avenue, Melbourne, FL, 32940

$3,250 /mo

  • 3 Beds
  • 2 Baths
  • 2,032 ft²
2039 Tullagee Avenue, Melbourne, FL, 32940 Listing by Edgar H Rodriguez
Unit for rent at 8870 Napolo Drive, Melbourne, FL, 32940

$3,400 /mo

  • 3 Beds
  • 3 Baths
  • 2,044 ft²
8870 Napolo Drive, Melbourne, FL, 32940 Listing by Petra Appling

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Lori A Jelley, Coldwell Banker Paradise
Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 889091
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 1504 Knoll Ridge Drive built and last sold?
The property at 1504 Knoll Ridge Drive was built in 2002 and last sold on Dec 4, 2020 for $401,000.
How much is this home worth?
The estimated value of the home located at 1504 Knoll Ridge Drive is $0.
What are some comparable homes to 1504 Knoll Ridge Drive?
There are currently no comparable homes to 1504 Knoll Ridge Drive.
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