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Brevard 32951 Melbourne Shores
295 Pelican Drive
$250,000
● House - Off Market

295 Pelican Drive

Melbourne Beach, FL 32951
bedrooms
3 Beds
bathrooms
2 Baths
$400,540
RealtyHop Estimate
45.70%
Since Feb 1, 2020
National-US
Primary Model

About This Property

Great 3/2 CBS home, with 2 car garage, Mexican Tile floors in living and kitchen. Vaulted ceilings in large living room. Community Ocean and river access with membership to HOA. Must see!  House backs up to Conservation Preserve.  One time HOA Fee of $300 and $80 yearly .
Unit Size
-
Days on Market
-
Land Size
0.22 acres
Price per sqft
-
Property Type
House
Property Taxes
$330
HOA Dues
$80
Year Built
1980

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: 3 years ago (Space Coast MLS #859280)

Price History

Date / Event Date Event Price
Jan 10, 2020 Sold
Premium
Sold
Oct 28, 2019 Listed by One Sotheby's International $274,900
Listed by One Sotheby's International
Dec 16, 1997 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 7
  • 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: 506
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 35
  • Pool Type: 9
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 9,583
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,064
  • Gross Building Area: 2,064
  • Building Area: 1,434
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,434
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MELBOURNE SHORES SUBD
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: MELBOURNE SHORES SUBD LOTS 26,27,28 BLK 2

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 066104

Zoning

  • Zoning: RU113

Geography

  • Assessors Map Reference: 421
  • Account Number: 2954322
  • Parcel: 29-38-15-GY-00002.0-0026.00
  • Block: 2
  • Lot: 26
  • Meridian: SEC 15 TWN 29S RNG 38E
  • Municipality: UNINCORP DISTRICT 3
  • Latitude: 27.9605
  • Longitude: -80.5116

    Address

  • Full Address: 295 Pelican Dr
  • Address - House Number: 295
  • Address - Street Name: Pelican
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Melbourne Beach
  • Carrier Code: R017
  • 4-Digit Zip Code: 3738
  • Zip Code: 32951

Valuation

    Tax

  • Total Area: 1,781
  • Tax Year: 2022
  • Tax Amount: $435,798
  • Tax Rate Code Area: 3400

    Appraisal Valuation

  • Standard Deviation: 0.1809
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 76
  • Final Value: 549,347
  • High Value: 648,745
  • Low Value: 449,949

    Market Valuation

  • Market Total Value: $367,760

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $367,760

    Sales

  • Current Sale Contract Date: Jan 09, 2020
  • Current Sale Recording Date: Jan 10, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020006829
  • Previous Sale Recording Date: Dec 16, 1997
  • Previous Sale Contract Date: Dec 12, 1997
  • Previous Sale Amount: $115,000
  • 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 Melbourne Shores

Stats & Trends

Median Asking:

$724,950

Sale Price/ft²

$362

Below Asking

0.02%

Average Days on Market

154

Average Home Size

2179 ft²

Average Home Age

40.9 years

Currently For Sale

7 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 123 Mullet Creek Road, Melbourne Beach, FL, 32951

$2,000 /mo

  • 2 Beds
  • 1 Bath
  • 1,072 ft²
123 Mullet Creek Road, Melbourne Beach, FL, 32951 Listing by Eric S Van Dam
Unit for rent at 112 Casseekee Trail, Melbourne Beach, FL, 32951

$2,200 /mo

  • 2 Beds
  • 2 Baths
  • 1,350 ft²
112 Casseekee Trail #2112, Melbourne Beach, FL, 32951 Listing by Laura L Dowling Roy PA

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Henry M Saunders, One Sotheby's International
Last Updated: 3 years ago
Data Source: Space Coast MLS, MLS# 859280
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 295 Pelican Drive built and last sold?
The property at 295 Pelican Drive was built in 1980 and last sold on Jan 9, 2020 for $250,000.
How much is this home worth?
The estimated value of the home located at 295 Pelican Drive is $277,649.
What are some comparable homes to 295 Pelican Drive?
There are currently no comparable homes to 295 Pelican Drive.
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