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Brevard 32940
1862 Great Belt Circle
$294,735
● House - Off Market

1862 Great Belt Circle

Melbourne, FL 32940
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,593 Ft²
$415,597
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model

About This Property

Bridgewater, 55+ Lifestyle community in Viera. Your little piece of heaven on earth is right here. As you walk into the covered entry of this beautiful one-story home and pass through the foyer, you encounter the elegant dining room opening up into the kitchen. Behind the island, the family room provides the perfect place for family and friends to relax. The beautiful covered terrace is accessible from both the family room and the master suite, providing easy access to the rays of Florida sunshine. Also attached to the master suite is a large walk-in closet and a master bathroom, complete with his-and-her sinks. On the other side of the house, the second bedroom is situated next to its own bathroom.
Unit Size
1,593 Ft²
Days on Market
87 days
Land Size
0.14 acres
Price per sqft
$188
Property Type
House
Property Taxes
$23
HOA Dues
$270
Year Built
2020

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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: 6 months ago (Space Coast MLS #873983)

Price History

Date / Event Date Event Price
Nov 28, 2022 Sold
Premium
Sold
Oct 2, 2022 Listed by Lennar Realty, Inc. $424,900
Listed by Lennar Realty, Inc.
Jul 31, 2020 Sold
Premium
Sold
Apr 24, 2020 Listed by Lennar Realty, Inc. $299,735
Listed by Lennar Realty, Inc.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2021
  • Building Count: 1
  • Bedroom Count: 0
  • 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: 418
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 35
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 6,098
  • Total Building Area: 2,173
  • Gross Building Area: 2,173
  • Building Area: 1,576
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,576
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BRIDGEWATER CENTRAL AT VIERA
  • Land Acres: 0000000140
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • Legal Description 1: BRIDGEWATER CENTRAL AT VIERA LOT 49 BLK F

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 071353

Geography

  • Assessors Map Reference: MB 66 PG 81
  • Account Number: 3019759
  • Parcel: 26-36-28-WZ-0000F.0-0049.00
  • Block: F
  • Lot: 49
  • Meridian: SEC 28 TWN 26S RNG 36E
  • Municipality: UNINCORP DISTRICT 4
  • Latitude: 28.1987
  • Longitude: -80.7232

    Address

  • Full Address: 1862 Great Belt Cir
  • Address - House Number: 1862
  • Address - Street Name: Great Belt
  • Address - Suffix Type: Cir
  • State: FL
  • City Name: Melbourne
  • Carrier Code: R130
  • 4-Digit Zip Code: 7288
  • Zip Code: 32940

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $322,565
  • Tax Rate Code Area: 4200

    Appraisal Valuation

  • Standard Deviation: 0.1949
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 74
  • Final Value: 452,315
  • High Value: 540,482
  • Low Value: 364,148

    Market Valuation

  • Market Total Value: $309,490

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $251,210

    Sales

  • Current Sale Contract Date: Nov 28, 2022
  • Current Sale Recording Date: Nov 28, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 276877
  • Previous Sale Recording Date: Jul 31, 2020
  • Previous Sale Contract Date: Jul 20, 2020
  • Previous Sale Amount: $294,800
  • Previous Sale Document Type: 68
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 Brevard

Stats & Trends

Median Asking:

$365,000

Sale Price/ft²

$216

Above Asking

0.14%

Average Days on Market

78

Average Home Size

1821 ft²

Average Home Age

28.9 years

Currently For Sale

3834 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 8103 Tethys Court, Melbourne, FL, 32940

$2,650 /mo

  • 3 Beds
  • 2 Baths
  • 1,458 ft²
8103 Tethys Court, Melbourne, FL, 32940 Listing by Dawn Ostovich

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Jennifer Richelle Smart, Lennar Realty, Inc.
Last Updated: 6 months ago
Data Source: Space Coast MLS, MLS# 873983
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 1862 Great Belt Circle built and last sold?
The property at 1862 Great Belt Circle was built in 2020 and last sold on Nov 28, 2022 for $424,900.
How much is this home worth?
The estimated value of the home located at 1862 Great Belt Circle is $0.
What are some comparable homes to 1862 Great Belt Circle?
There are currently no comparable homes to 1862 Great Belt Circle.
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