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Sebastian 32958
1525 Polynesian Lane
$439,000
● House - Off Market

1525 Polynesian Lane

Sebastian, FL 32958
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,637 Ft²
$2,424
Est. Monthly
4.87%
Cap Rate

About This Property

2018 premium built Ameron home. 3 bedrooms, 2 bathrooms, 3 car garage. Gorgeous open & spacious floor plan with vaulted ceilings. Gourmet kitchen with granite countertops island & solid wood cabinets w/soft close throughout. Large walk in pantry. Living room with view of the beautiful yard and built in fireplace. Large master bedroom with walk in closet, master bath has double sinks and walk in shower. Upgrades galore, central vacuum, custom window shades, water softener, accordion shutters, extended paver patio, hot springs spa 2023.

Nothing to do but move right in and enjoy your new home.
Unit Size
1,637 Ft²
Days on Market
57 days
Land Size
0.23 acres
Price per sqft
$268
Property Type
House
Property Taxes
$268
HOA Dues
-
Year Built
2018

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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: 2 years ago (Indian River #281298)

Price History

Date / Event Date Event Price
Nov 14, 2024 Sold
Premium
Sold
Sep 18, 2024 Listed by Keller Williams Realty of VB $439,000
Listed by Keller Williams Realty of VB
Aug 14, 2018 No longer available -
No longer available
Jul 25, 2018 Sold
Premium
Sold
Jun 13, 2018 Listed by Keller Williams Realty of VB $264,900
Listed by Keller Williams Realty of VB
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 1
  • Garage Square Area: 667
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0
  • Location Influence Type: 131

    Dimensions

  • Lot Size Square Feet: 10,019
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 800
  • Total Building Area: 2,304
  • Gross Building Area: 2,304
  • Building Area: 1,637
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,637
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SEBASTIAN HIGHLANDS UNIT 11
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 00
  • Legal Description 1: SEBASTIAN HIGHLANDS UNIT 11 BLK 361 LOT 10 PBI 7-56D

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050809

Zoning

  • Zoning: RS-10

Geography

  • Parcel: 31-38-25-00001-3610-00010.0
  • Block: 361
  • Lot: 10
  • Meridian: SEC 25 TWN 31S RNG 38E
  • Municipality: CITY OF SEBASTIAN
  • Latitude: 27.7623
  • Longitude: -80.485

    Address

  • Full Address: 1525 Polynesian Ln
  • Legal Unit: 11
  • Address - House Number: 1525
  • Address - Street Name: Polynesian
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Sebastian
  • Carrier Code: R022
  • 4-Digit Zip Code: 6535
  • Zip Code: 32958

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $307,741
  • Tax Rate Code Area: 2

    Appraisal Valuation

  • Standard Deviation: 0.1883
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 75
  • Final Value: 406,552
  • High Value: 483,116
  • Low Value: 329,987

    Market Valuation

  • Market Total Value: $286,583
  • Market Land Value: $31,960
  • Market Improvement Value: $254,623

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $217,754

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 20, 2018
  • Current Sale Recording Date: Jul 25, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3120180045775
  • Previous Sale Recording Date: Feb 09, 2017
  • Previous Sale Contract Date: Feb 02, 2017
  • Previous Sale Amount: $23,000
  • 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 Sebastian

Stats & Trends

Median Asking:

$369,900

Sale Price/ft²

$222

Below Asking

0.02%

Average Days on Market

74

Average Home Size

1812 ft²

Average Home Age

26.8 years

Currently For Sale

140 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 6180 98th Lane, Sebastian, FL, 32958

$1,800 /mo

  • 2 Beds
  • 2 Baths
  • 933 ft²
6180 98th Lane, Sebastian, FL, 32958 Listing by William Novak

Rentals Near You

Click here to view more rentals in the neighborhood.
RAIRC

Listed by: Mette Seaton, Keller Williams Realty of VB
Last Updated: 2 years ago
Data Source: RAIRC, MLS# 281298
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 1525 Polynesian Lane built and last sold?
The property at 1525 Polynesian Lane was built in 2018 and last sold on Jul 20, 2018 for $259,000.
How much is this home worth?
The estimated value of the home located at 1525 Polynesian Lane is $440,141.
What are some comparable homes to 1525 Polynesian Lane?
There are currently no comparable homes to 1525 Polynesian Lane.
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