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Melbourne 32934 Oak Hammock Estates
2525 Pimlico Lane
Photo of 2525 Pimlico Lane
Sold on Jul 8, 2022

1

Map

$239,500
● Land - Off Market

2525 Pimlico Lane

Melbourne, FL 32934
bedrooms
Studio
bathrooms
0 Bath
$245,029
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

1.2 Acre lot in a quiet, gated subdivision in Lake Washington area. HOA required 3,000 SF minimum under air. Seller will assign boundary and tree survey to Buyer.
Unit Size
-
Days on Market
10 days
Land Size
1.20 acres
Price per sqft
-
Property Type
Land
Property Taxes
$189
HOA Dues
$104
Year Built
-

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: 4 months ago (Space Coast MLS #939127)

Price History

Date / Event Date Event Price
Jul 8, 2022 Sold
Premium
Sold
Jun 28, 2022 Listed by Newton Real Estate Group $239,500
Listed by Newton Real Estate Group
Oct 22, 2021 Listed by Newton Real Estate Group $220,000
Listed by Newton Real Estate Group
Dec 9, 2005 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 52,272
  • Lot Size Frontage Feet: 760
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: OAK HAMMOCK ESTATES
  • Land Acres: 0000001200
  • Standard Land Use Code: 8010
  • County Land Use Code: 0010
  • Legal Description 1: OAK HAMMOCK ESTATES LOT 12 BLK A

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 071354

Zoning

  • Zoning: REU

Geography

  • Assessors Map Reference: MB 54 PG 33
  • Account Number: 2745305
  • Parcel: 27-36-09-75-0000A.0-0012.00
  • Block: A
  • Lot: 12
  • Meridian: SEC 09 TWN 27S RNG 36E
  • Municipality: MELBOURNE
  • Latitude: 28.1493
  • Longitude: -80.7215

    Address

  • Full Address: 2525 Pimlico Ln
  • Address - House Number: 2525
  • Address - Street Name: Pimlico
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Melbourne
  • Carrier Code: R045
  • 4-Digit Zip Code: 2856
  • Zip Code: 32934

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $238,622
  • Tax Rate Code Area: 43K0

    Market Valuation

  • Market Total Value: $143,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $143,000

    Sales

  • Current Sale Contract Date: Jul 08, 2022
  • Current Sale Recording Date: Jul 08, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 170438
  • Previous Sale Recording Date: Jun 28, 2022
  • Previous Sale Contract Date: Jun 23, 2022
  • Previous Sale Amount: $220,000
  • 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 Oak Hammock Estates

Stats & Trends

Median Asking:

$1,584,990

Sale Price/ft²

$348

Above Asking

0.00%

Average Days on Market

78

Average Home Size

4550 ft²

Average Home Age

1 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 1125 White Oak Circle, Melbourne, FL, 32934

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,465 ft²
1125 White Oak Circle, Melbourne, FL, 32934 Listing by Emilia Laura Primucci
Unit for rent at 4394 Preservation Circle, MELBOURNE, FL, 32934

$4,500 /mo

  • 6 Beds
  • 4 Baths
  • 3,238 ft²
4394 Preservation Circle, MELBOURNE, FL, 32934 Listing by Ali Khaku, MBA

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Brenda Boren Corliss, Newton Real Estate Group
Last Updated: 4 months ago
Data Source: Space Coast MLS, MLS# 939127
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 2525 Pimlico Lane built and last sold?
The property at 2525 Pimlico Lane was built in and last sold on Jul 8, 2022 for $239,500.
How much is this home worth?
The estimated value of the home located at 2525 Pimlico Lane is $0.
What are some comparable homes to 2525 Pimlico Lane?
There are currently no comparable homes to 2525 Pimlico Lane.
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