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Melbourne 32901 Fairway Park
2622 Forest Drive
$225,000
● House - Off Market

2622 Forest Drive

Melbourne, FL 32901
bedrooms
5 Beds
bathrooms
3 Baths
$447,196
RealtyHop Estimate
86.41%
Since Nov 1, 2014
National-US
Primary Model

About This Property

Very spacious 5 bdrm, 3 bath home with a complete mother-in-law suite/wing. The mother-in-law wing features a large 13x12 master bdrm, 16x13 living room, a full kitchen w/dining area, and 120sq/ft guest room. This amazing home sits on almost an 1/2 acre fenced in lot. This home also features a completely remodeled kitchen with new appliances. A very spacious 18x15 family room area, and a separate TV room for kids, or any family members. a very large 110 sq/ft laundry/utility room with a folding table, and utility sink. Numerous storage closets throughout the home.
Unit Size
-
Days on Market
-
Land Size
0.47 acres
Price per sqft
-
Property Type
House
Property Taxes
$8
HOA Dues
-
Year Built
1974

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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: 3 years ago (Space Coast MLS #698966)

Price History

Date / Event Date Event Price
Oct 27, 2014 Sold
Premium
Sold
Jun 10, 2014 Listed by RE/MAX Alternative Realty $239,900
Listed by RE/MAX Alternative Realty
May 16, 2013 Sold
Premium
Sold
Dec 17, 2012 Listed by RE/MAX Alternative Realty $170,000
Listed by RE/MAX Alternative Realty

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 5
  • 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: 598
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 126
  • Pool Type: 0
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 20,473
  • Lot Size Depth Feet: 1,370
  • Lot Size Frontage Feet: 1,490
  • Total Building Area: 3,556
  • Gross Building Area: 3,556
  • Building Area: 2,910
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,910
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FAIRWAY PARK SUBD
  • Land Acres: 0000000470
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: FAIRWAY PARK SUBD LOT 12 BLK A & N 20 FT OF VAC COLLEGE ST ON S

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 064901

Zoning

  • Zoning: R1AAA

Geography

  • Assessors Map Reference: 333
  • Account Number: 2823149
  • Parcel: 28-37-09-25-0000A.0-0012.00
  • Block: A
  • Lot: 12
  • Meridian: SEC 09 TWN 28S RNG 37E
  • Municipality: MELBOURNE
  • Latitude: 28.0681
  • Longitude: -80.6305

    Address

  • Full Address: 2622 Forest Dr
  • Address - House Number: 2622
  • Address - Street Name: Forest
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Melbourne
  • Carrier Code: C019
  • 4-Digit Zip Code: 6825
  • Zip Code: 32901

Valuation

    Tax

  • Total Area: 3,281
  • Tax Year: 2022
  • Tax Amount: $378,720
  • Tax Rate Code Area: 34K0

    Appraisal Valuation

  • Standard Deviation: 0.1958
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 73
  • Final Value: 550,903
  • High Value: 658,811
  • Low Value: 442,995

    Market Valuation

  • Market Total Value: $387,380

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $257,150

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 17, 2014
  • Current Sale Recording Date: Oct 27, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2014211964
  • Previous Sale Recording Date: May 16, 2013
  • Previous Sale Contract Date: May 10, 2013
  • Previous Sale Amount: $165,000
  • 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 Fairway Park

Stats & Trends

Median Asking:

$0

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

0

Average Home Size

0 ft²

Average Home Age

2026 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 2220 Front Street, Melbourne, FL, 32901

$3,250 /mo

  • 3 Beds
  • 2 Baths
  • 1,791 ft²
2220 Front Street #303, Melbourne, FL, 32901 Listing by Justin Luke
Unit for rent at 1208 E River Drive, Melbourne, FL, 32901

$3,250 /mo

  • 3 Beds
  • 2 Baths
  • 1,898 ft²
1208 E River Drive #401, Melbourne, FL, 32901 Listing by Shannon Barnhart

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Thomas J Donohoe, RE/MAX Alternative Realty
Last Updated: 3 years ago
Data Source: Space Coast MLS, MLS# 698966
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 2622 Forest Drive built and last sold?
The property at 2622 Forest Drive was built in 1974 and last sold on Oct 17, 2014 for $225,000.
How much is this home worth?
The estimated value of the home located at 2622 Forest Drive is $0.
What are some comparable homes to 2622 Forest Drive?
There are currently no comparable homes to 2622 Forest Drive.
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