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Sebastian 32958
1550 Damask Lane
$285,000
● House - Off Market

1550 Damask Lane

Sebastian, FL 32958
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,186 Ft²
$1,490
Est. Monthly
8.00%
Cap Rate

About This Property

Charming 2bed, 2bath home w/1-car garage in the heart of Sebastian! Featuring a galley-style kitchen w/quartz countertops and a cozy breakfast nook. Tile flooring in the main areas and carpet in the bedrooms for comfort. Relax in the screened lanai with tile floors and tongue-and-groove ceiling planks enjoying your morning coffee or afternoon drink while overlooking your nicely landscaped fenced yard. Conveniently located near our Indian River Lagoon, parks & just minutes from the Atlantic Ocean. Easy access to US Highway 1 and I95. Brand New roof & Impact Windows make this gem a must see!
Unit Size
1,186 Ft²
Days on Market
71 days
Land Size
0.23 acres
Price per sqft
$245
Property Type
House
Property Taxes
$66
HOA Dues
-
Year Built
1984

Payment Calculator

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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 (Space Coast MLS #1026231)

Price History

Date / Event Date Event Price
May 16, 2025 Sold
Premium
Sold
Apr 4, 2025 In contract -
In contract
Mar 19, 2025 Price Decreased $290,000
↓ $10K (3.3%)
Price Decreased
Mar 7, 2025 Relisted $300,000
Relisted
Feb 5, 2025 In contract -
In contract
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 25
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 1
  • Garage Square Area: 360
  • Parking Space Count: 1
  • Patio Type: 92
  • Porch Type: 111
  • 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: 1,546
  • Gross Building Area: 1,696
  • Building Area: 1,186
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,186
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SEBASTIAN HIGHLANDS UNIT 10
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: SEBASTIAN HIGHLANDS UNIT NO 10 BLK 286 LOT 7 PBI 6-37-0

Neighborhood

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

Zoning

  • Zoning: RS-10

Geography

  • Parcel: 31-38-24-00001-2860-00007.0
  • Block: 286
  • Lot: 7
  • Meridian: SEC 24 TWN 31S RNG 38E
  • Municipality: CITY OF SEBASTIAN
  • Latitude: 27.7647
  • Longitude: -80.4828

    Address

  • Full Address: 1550 Damask Ln
  • Legal Unit: NO
  • Address - House Number: 1550
  • Address - Street Name: Damask
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Sebastian
  • Carrier Code: R022
  • 4-Digit Zip Code: 6539
  • Zip Code: 32958

Valuation

    Tax

  • Total Area: 1,436
  • Tax Year: 2022
  • Tax Amount: $77,040
  • Tax Rate Code Area: 2

    Appraisal Valuation

  • Standard Deviation: 0.4882
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 2
  • Final Value: 221,174
  • High Value: 329,162
  • Low Value: 113,185

    Market Valuation

  • Market Total Value: $172,575
  • Market Land Value: $31,960
  • Market Improvement Value: $140,615

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $67,784

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 21, 2010
  • Current Sale Recording Date: Dec 07, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2106253
  • Previous Sale Recording Date: Nov 18, 2005
  • Previous Sale Contract Date: Nov 15, 2005
  • Previous Sale Amount: $185,600
  • 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:

$373,200

Sale Price/ft²

$220

Below Asking

0.02%

Average Days on Market

74

Average Home Size

1786 ft²

Average Home Age

27.5 years

Currently For Sale

137 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 511 Biscayne Lane, Sebastian, FL, 32958

$2,150 /mo

  • 3 Beds
  • 2 Baths
  • 1,200 ft²
511 Biscayne Lane, Sebastian, FL, 32958 Listing by Jennifer M Penna

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Robin Raiff, Douglas Elliman
Last Updated: 2 years ago
Data Source: Space Coast MLS, MLS# 1026231
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 1550 Damask Lane built and last sold?
The property at 1550 Damask Lane was built in 1984 and last sold on Nov 21, 2010 for $85,000.
How much is this home worth?
The estimated value of the home located at 1550 Damask Lane is $291,712.
What are some comparable homes to 1550 Damask Lane?
There are currently no comparable homes to 1550 Damask Lane.
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