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Viera West 32955 Cortona
3118 Cortona Drive
$537,000
● House - Off Market

3118 Cortona Drive

Melbourne, FL 32940
bedrooms
5 Beds
bathrooms
4 Baths
square feet
3,422 Ft²
$785,017
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model

About This Property

Impeccable spacious Space Coast home in gated Cortona in Viera. Close to Patrick Air Force Base, Northrup Grumman, L3Harris and just minutes from the beaches and convenient to I95. This community features friendly neighbors and top-rated schools, playgrounds, basketball and tennis courts, and beautiful parks.  Soaring vaulted ceilings add to the light bright airy Florida feel.  French door open to the screened patio.  Upstairs and downstairs A/C units.  Tankless gas water heater.  Hurricane high impact windows upstairs.  Ready for your pool with a 200 amp breaker already installed.

Schedule your showing today. This isn't just a beautiful home...it's a LIFESTYLE, live the maximum lifestyle you deserve.
Unit Size
3,422 Ft²
Days on Market
110 days
Land Size
0.33 acres
Price per sqft
$164
Property Type
House
Property Taxes
$306
HOA Dues
$416
Year Built
2013

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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: 5 months ago (Space Coast MLS #870241)

Price History

Date / Event Date Event Price
Jun 29, 2020 Sold
Premium
Sold
Mar 7, 2020 Listed by MAXLIFE Realty LLC $559,900
Listed by MAXLIFE Realty LLC
Feb 27, 2013 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2013
  • Effective Year Built: 2018
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 2
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 849
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 35
  • Pool Type: 0
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 14,375
  • Lot Size Frontage Feet: 850
  • Total Building Area: 4,613
  • Gross Building Area: 4,613
  • Building Area: 3,444
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,444
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CORTONA SUBDIVISION
  • Land Acres: 0000000330
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: CORTONA SUBDIVISION LOT 22 BLK A

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 071201

Zoning

  • Zoning: PUD

Geography

  • Assessors Map Reference: MB 56 PG 83
  • Account Number: 2630999
  • Parcel: 26-36-05-01-0000A.0-0022.00
  • Block: A
  • Lot: 22
  • Meridian: SEC 05 TWN 26S RNG 36E
  • Municipality: UNINCORP DISTRICT 4
  • Latitude: 28.2525
  • Longitude: -80.7413

    Address

  • Full Address: 3118 Cortona Dr
  • Address - House Number: 3118
  • Address - Street Name: Cortona
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Melbourne
  • Carrier Code: H008
  • 4-Digit Zip Code: 8611
  • Zip Code: 32940

Valuation

    Tax

  • Total Area: 3,873
  • Tax Year: 2022
  • Tax Amount: $782,707
  • Tax Rate Code Area: 4200

    Appraisal Valuation

  • Standard Deviation: 0.1927
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 74
  • Final Value: 896,309
  • High Value: 1,069,091
  • Low Value: 723,526

    Market Valuation

  • Market Total Value: $668,520

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $668,520

    Sales

  • Current Sale Contract Date: Jun 29, 2020
  • Current Sale Recording Date: Jun 29, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020137899
  • Previous Sale Recording Date: Feb 27, 2013
  • Previous Sale Contract Date: Feb 26, 2013
  • Previous Sale Amount: $365,600
  • 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 Cortona

Stats & Trends

Median Asking:

$862,500

Sale Price/ft²

$289

Above Asking

0.00%

Average Days on Market

22

Average Home Size

2970 ft²

Average Home Age

12.5 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 3273 Candia Drive, Melbourne, FL, 32940

$3,500 /mo

  • 4 Beds
  • 3 Baths
  • 2,416 ft²
3273 Candia Drive, Melbourne, FL, 32940 Listing by Allen (Chun) S Cheng
Unit for rent at 3664 Gurrero Drive, Melbourne, FL, 32940

$3,300 /mo

  • 3 Beds
  • 2 Baths
  • 2,061 ft²
3664 Gurrero Drive, Melbourne, FL, 32940 Listing by Ellie M Chan

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Ryan Solberg, MAXLIFE Realty LLC
Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 870241
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 3118 Cortona Drive built and last sold?
The property at 3118 Cortona Drive was built in 2013 and last sold on Jun 29, 2020 for $537,000.
How much is this home worth?
The estimated value of the home located at 3118 Cortona Drive is $563,975.
What are some comparable homes to 3118 Cortona Drive?
There are currently no comparable homes to 3118 Cortona Drive.
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