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Viera East 32940 Indian River Colony Club
1855 Freedom Drive
Photo of 1855 Freedom Drive
Sold on Jun 30, 2016

1

Map

$245,000
● House - Off Market

1855 Freedom Drive

Melbourne, FL 32940
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,952 Ft²
$422,669
RealtyHop Estimate
69.75%
Since Jul 1, 2016
National-US
Primary Model
Unit Size
1,952 Ft²
Days on Market
122 days
Land Size
0.28 acres
Price per sqft
$128
Property Type
House
Property Taxes
$209
HOA Dues
-
Year Built
1999

Payment Calculator

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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 #747951)

Price History

Date / Event Date Event Price
Jul 5, 2016 Sold
Premium
Sold
Feb 29, 2016 Listed by Four Star Real Estate LLC $249,000
Listed by Four Star Real Estate LLC
Jun 23, 2014 Sold
Premium
Sold
Feb 24, 2014 Listed by Four Star Real Estate LLC $224,900
Listed by Four Star Real Estate LLC

Property Highlights

Garage
Air Conditioning
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 2011
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 0
  • Building Quality: 4
  • 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: 590
  • Parking Space Count: 2
  • Patio Type: 69
  • Porch Type: 35
  • Pool Type: 8
  • Location Influence Type: 101

    Dimensions

  • Lot Size Square Feet: 12,197
  • Lot Size Frontage Feet: 650
  • Total Building Area: 3,038
  • Gross Building Area: 3,038
  • Building Area: 1,917
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,917
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TRACT H AT INDIAN RIVER COLONY CLUB
  • Land Acres: 0000000280
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: TRACT H AT INDIAN RIVER COLONY CLUB LOT 8 BLK A

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 063108

Zoning

  • Zoning: PUD

Geography

  • Assessors Map Reference: 233B
  • Account Number: 2620653
  • Subdivision Tract Number: H
  • Parcel: 26-36-03-51-0000A.0-0008.00
  • Block: A
  • Lot: 8
  • Meridian: SEC 03 TWN 26S RNG 36E
  • Municipality: UNINCORP DISTRICT 4
  • Latitude: 28.2517
  • Longitude: -80.7156

    Address

  • Full Address: 1855 Freedom Dr
  • Address - House Number: 1855
  • Address - Street Name: Freedom
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Melbourne
  • Carrier Code: R047
  • 4-Digit Zip Code: 6875
  • Zip Code: 32940

Valuation

    Tax

  • Total Area: 2,437
  • Tax Year: 2022
  • Tax Amount: $282,665
  • Tax Rate Code Area: 4200

    Appraisal Valuation

  • Standard Deviation: 0.1715
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 78
  • Final Value: 474,680
  • High Value: 556,117
  • Low Value: 393,242

    Market Valuation

  • Market Total Value: $350,450

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $226,980

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 30, 2016
  • Current Sale Recording Date: Jul 05, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016129139
  • Previous Sale Recording Date: Jun 23, 2014
  • Previous Sale Contract Date: Jun 09, 2014
  • Previous Sale Amount: $202,000
  • 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 Indian River Colony Club

Stats & Trends

Median Asking:

$356,850

Sale Price/ft²

$186

Below Asking

0.03%

Average Days on Market

62

Average Home Size

1740 ft²

Average Home Age

36.8 years

Currently For Sale

6 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 1749 Tullagee Avenue, Melbourne, FL, 32940

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,807 ft²
1749 Tullagee Avenue, Melbourne, FL, 32940 Listing by Maureen G Harrell
Unit for rent at 1720 Kinsale Court, Melbourne, FL, 32940

$2,650 /mo

  • 3 Beds
  • 2 Baths
  • 1,784 ft²
1720 Kinsale Court, Melbourne, FL, 32940 Listing by Nicole D Grammer
Unit for rent at 1281 Rock Springs Drive, Melbourne, FL, 32940

$2,500 /mo

  • 4 Beds
  • 2 Baths
  • 1,778 ft²
1281 Rock Springs Drive, Melbourne, FL, 32940 Listing by Shannon Barnhart

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Nancy A Bartlett, Four Star Real Estate LLC
Last Updated: 2 months ago
Data Source: Space Coast MLS, MLS# 747951
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 1855 Freedom Drive built and last sold?
The property at 1855 Freedom Drive was built in 1999 and last sold on Jun 30, 2016 for $245,000.
How much is this home worth?
The estimated value of the home located at 1855 Freedom Drive is $254,052.
What are some comparable homes to 1855 Freedom Drive?
There are currently no comparable homes to 1855 Freedom Drive.
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