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Brevard 32940
3289 Ribbon Grass Drive
Photo of 3289 Ribbon Grass Drive
Sold on Jun 21, 2022

59

Map

Photo of 3289 Ribbon Grass Drive
Photo of 3289 Ribbon Grass Drive
$550,000
● House - Off Market

3289 Ribbon Grass Drive

Melbourne, FL 32940
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,581 Ft²
$556,274
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

VIERA, VIERA, VIERA! Flawless and move in ready, from high ceilings to 8 ft. doors and UPGRADE GALORE!  Exquisite is an understatement! Enjoy the Florida open floor concept with plenty of space to entertain and add a pool.  An extended screened in lanai with doggy door. Fully fenced in yard with a west facing lake view and preserve. Cool and contemporary colors, wood plank tile flooring, quartz and cabinets in the kitchen with modern glass backsplash.  A stacked stone bar wall. SS appliances. Epoxy garage flooring.  Located in the award winning Viera with A-rated schools, Duran Golf, Avenues Mall, restaurants, 5 star hospital, easy access to I-95 and much more!
Unit Size
1,581 Ft²
Days on Market
67 days
Land Size
0.19 acres
Price per sqft
$348
Property Type
House
Property Taxes
$377
HOA Dues
$45
Year Built
2020

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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: 2 months ago (Space Coast MLS #932241)

Price History

Date / Event Date Event Price
Jun 21, 2022 Sold
Premium
Sold
Apr 15, 2022 Listed by BHHS Florida Realty $549,900
Listed by BHHS Florida Realty
Jan 6, 2021 Sold
Premium
Sold
Jan 5, 2021 Listed by BHHS Florida Realty $374,453
Listed by BHHS Florida Realty

Property Highlights

Garage
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2021
  • Building Count: 1
  • Bedroom Count: 0
  • 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: 462
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 35
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 8,276
  • Total Building Area: 2,448
  • Gross Building Area: 2,448
  • Building Area: 1,581
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,581
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SENDERO COVE & SIERRA COVE AT ADDISON VI
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • Legal Description 1: SENDERO COVE & SIERRA COVE AT ADDISON VILLAGE PHASE 1 LOT 19 BLK B

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 071353

Geography

  • Assessors Map Reference: MB 67 PG 1
  • Account Number: 3019932
  • Subdivision Phase Number: 1
  • Parcel: 26-36-17-XA-0000B.0-0019.00
  • Block: B
  • Lot: 19
  • Meridian: SEC 17 TWN 26S RNG 36E
  • Municipality: UNINCORP DISTRICT 4
  • Latitude: 28.2176
  • Longitude: -80.7467

    Address

  • Full Address: 3289 Ribbon Grass Dr
  • Address - House Number: 3289
  • Address - Street Name: Ribbon Grass
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Melbourne
  • Carrier Code: R131
  • 4-Digit Zip Code: 7875
  • Zip Code: 32940

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $459,695
  • Tax Rate Code Area: 4200

    Appraisal Valuation

  • Standard Deviation: 0.1927
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 74
  • Final Value: 529,620
  • High Value: 631,715
  • Low Value: 427,524

    Market Valuation

  • Market Total Value: $368,160

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $368,160

    Sales

  • Current Sale Contract Date: Jun 17, 2022
  • Current Sale Recording Date: Jun 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 154847
  • Previous Sale Recording Date: Jan 06, 2021
  • Previous Sale Contract Date: Jan 05, 2020
  • Previous Sale Amount: $374,500
  • 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 Brevard

Stats & Trends

Median Asking:

$365,000

Sale Price/ft²

$216

Below Asking

0.02%

Average Days on Market

70

Average Home Size

1823 ft²

Average Home Age

29.8 years

Currently For Sale

5445 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 2490 Treasure Cay Lane, Melbourne, FL, 32940

$2,650 /mo

  • 2 Beds
  • 2 Baths
  • 1,565 ft²
2490 Treasure Cay Lane, Melbourne, FL, 32940 Listing by Bryant Dorricott

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Julie Sourakakone, BHHS Florida Realty
Last Updated: 2 months ago
Data Source: Space Coast MLS, MLS# 932241
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 3289 Ribbon Grass Dr built and last sold?
The property at 3289 Ribbon Grass Dr was built in 2020 and last sold on Jun 17, 2022 for $550,000.
How much is this home worth?
The estimated value of the home located at 3289 Ribbon Grass Dr is $0.
What are some comparable homes to 3289 Ribbon Grass Dr?
There are currently no comparable homes to 3289 Ribbon Grass Dr.
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