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Satellite Beach 32937 Michigan Beach
301 Cinnamon
$195,000
● House - Off Market

301 Cinnamon

Satellite Beach, FL 32937
bedrooms
3 Beds
bathrooms
2 Baths
$397,620
RealtyHop Estimate
94.91%
Since Aug 1, 2013
National-US
Primary Model

About This Property

1 block from the Beach ! Great Curb Appeal & Nicely Updated with Laminate Wood & Tile Floors throughout . Huge Corner lot with Extra Driveway for RV or Boat Parking & Tile Porch. Light Bright & Airy with an Open Floor Plan and Unique Extra Room Perfect for a Small Office or Pet''s Room.Inside Laundry & New 12 x 20 Deck with Pergola Roof . Walk to popular Surfside Elementary. 2009 Roof , Dual Pane Windows & Hurricane Sliders & Dual Water Heaters. All Appliances & Home Warranty included a Must See
Unit Size
-
Days on Market
-
Land Size
0.24 acres
Price per sqft
-
Property Type
House
Property Taxes
$171
HOA Dues
-
Year Built
1975

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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 #667390)

Price History

Date / Event Date Event Price
Jul 19, 2013 Sold
Premium
Sold
May 4, 2013 Listed by Beach Towne Realty LLC $204,000
Listed by Beach Towne Realty LLC
Sep 16, 2010 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 2005
  • 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: 418
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 8
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 10,454
  • Lot Size Depth Feet: 1,030
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,040
  • Gross Building Area: 2,040
  • Building Area: 1,538
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,538
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MICHIGAN BEACH 1ST ADDN TO
  • Land Acres: 0000000240
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: MICHIGAN BEACH 1ST ADDN TO LOT 1 BLK B

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 066700

Zoning

  • Zoning: R4

Geography

  • Assessors Map Reference: 259
  • Account Number: 2613871
  • Parcel: 26-37-35-82-0000B.0-0001.00
  • Block: B
  • Lot: 1
  • Meridian: SEC 35 TWN 26S RNG 37E
  • Municipality: SATELLITE BEACH
  • Latitude: 28.1729
  • Longitude: -80.5954

    Address

  • Full Address: 301 Cinnamon Dr
  • Address - House Number: 301
  • Address - Street Name: Cinnamon
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Satellite Beach
  • Carrier Code: C056
  • 4-Digit Zip Code: 3122
  • Zip Code: 32937

Valuation

    Tax

  • Total Area: 1,810
  • Tax Year: 2022
  • Tax Amount: $364,100
  • Tax Rate Code Area: 41M0

    Appraisal Valuation

  • Standard Deviation: 0.2416
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 66
  • Final Value: 484,888
  • High Value: 602,073
  • Low Value: 367,702

    Market Valuation

  • Market Total Value: $458,860

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $228,820

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 17, 2013
  • Current Sale Recording Date: Jul 19, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2013160953
  • Previous Sale Recording Date: Sep 16, 2010
  • Previous Sale Contract Date: Sep 14, 2010
  • Previous Sale Amount: $179,000
  • 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 Michigan Beach

Stats & Trends

Median Asking:

$600,000

Sale Price/ft²

$314

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1902 ft²

Average Home Age

50.8 years

Currently For Sale

4 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 129 Martin Street, Indian Harbour Beach, FL, 32937

$2,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,980 ft²
129 Martin Street, Indian Harbour Beach, FL, 32937 Listing by Sandi Morgan
Unit for rent at 116 Royal Palm Avenue, Indian Harbour Beach, FL, 32937

$2,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,601 ft²
116 Royal Palm Avenue, Indian Harbour Beach, FL, 32937 Listing by Schuyler Myles Schrader
Unit for rent at 349 Exeter Street W, Satellite Beach, FL, 32937

$2,650 /mo

  • 3 Beds
  • 2 Baths
  • 1,456 ft²
349 Exeter Street W, Satellite Beach, FL, 32937 Listing by Judith M. Cates

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Linda Symmonds, Beach Towne Realty LLC
Last Updated: 3 years ago
Data Source: Space Coast MLS, MLS# 667390
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 301 Cinnamon Drive built and last sold?
The property at 301 Cinnamon Drive was built in 1975 and last sold on Jul 17, 2013 for $195,000.
How much is this home worth?
The estimated value of the home located at 301 Cinnamon Drive is $206,040.
What are some comparable homes to 301 Cinnamon Drive?
There are currently no comparable homes to 301 Cinnamon Drive.
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