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Viera West 32940 Terramore
3611 Terramore Drive
Photo of 3611 Terramore Drive
Sold on Apr 30, 2020

1

Map

$611,000
● House - Off Market

3611 Terramore Drive

Melbourne, FL 32940
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,200 Ft²
$880,153
RealtyHop Estimate
42.19%
Since May 1, 2020
National-US
Primary Model

About This Property

EXPANSIVE LUXURY POOL HOME IN THE HEART OF VIERA!! 4 Bedrooms + 2nd floor bonus, 3 1/2 Bath, 3-car garage with a screened-in heated pool/spa, lake view, new roof, and an oversized 0.36 acre lot. Beautiful Master Suite has his/hers closets and a bathroom with double vanities, a shower, and soaking tub. The Great Room looks out over the large patio and pool. Modern, custom-designed kitchen features self-closing organized cabinets, Quartz countertops, induction cooktop, wall oven, convection microwave, and 4-Door refrigerator with glass insert. Formal living and dining rooms, tray ceilings, crown molding, granite in bathrooms, and wood-floor entry way.  Close to The Avenue, Duran golf course, and A+ schools. Community has great amenities including a large pool and playgrounds. CALL TODAY!!
Unit Size
3,200 Ft²
Days on Market
111 days
Land Size
0.36 acres
Price per sqft
$193
Property Type
House
Property Taxes
$513
HOA Dues
$398
Year Built
2007

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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 months ago (Space Coast MLS #851073)

Price History

Date / Event Date Event Price
May 1, 2020 Sold
Premium
Sold
Jul 19, 2019 Listed by Atlantic Properties & Inv, Inc $619,000
Listed by Atlantic Properties & Inv, Inc
Dec 12, 2016 Sold
Premium
Sold
May 29, 2016 Listed by Atlantic Properties & Inv, Inc $539,900
Listed by Atlantic Properties & Inv, Inc

Property Highlights

Garage
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2017
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 659
  • Parking Space Count: 2
  • Patio Type: 69
  • Porch Type: 126
  • Pool Type: 8
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 15,682
  • Lot Size Frontage Feet: 1,540
  • Total Building Area: 4,112
  • Gross Building Area: 4,112
  • Building Area: 3,200
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,200
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TERRAMORE SUBDIVISION
  • Land Acres: 0000000360
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: TERRAMORE SUBDIVISION LOT 12 BLK B

Neighborhood

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

Zoning

  • Zoning: PUD

Geography

  • Assessors Map Reference: MB 54 PG 1
  • Account Number: 2628731
  • Parcel: 26-36-05-25-0000B.0-0012.00
  • Block: B
  • Lot: 12
  • Meridian: SEC 05 TWN 26S RNG 36E
  • Municipality: UNINCORP DISTRICT 4
  • Latitude: 28.2554
  • Longitude: -80.7529

    Address

  • Full Address: 3611 Terramore Dr
  • Address - House Number: 3611
  • Address - Street Name: Terramore
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Melbourne
  • Carrier Code: R061
  • 4-Digit Zip Code: 8028
  • Zip Code: 32940

Valuation

    Tax

  • Total Area: 3,658
  • Tax Year: 2022
  • Tax Amount: $644,574
  • Tax Rate Code Area: 4200

    Appraisal Valuation

  • Standard Deviation: 0.1927
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 74
  • Final Value: 867,318
  • High Value: 1,034,512
  • Low Value: 700,124

    Market Valuation

  • Market Total Value: $598,980

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $523,390

    Sales

  • Current Sale Contract Date: Apr 30, 2020
  • Current Sale Recording Date: May 01, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020096720
  • Previous Sale Recording Date: Dec 12, 2016
  • Previous Sale Contract Date: Dec 08, 2016
  • Previous Sale Amount: $525,000
  • 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 Terramore

Stats & Trends

Median Asking:

$787,500

Sale Price/ft²

$270

Below Asking

0.02%

Average Days on Market

62

Average Home Size

2912 ft²

Average Home Age

16.5 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 1937 Golf Vista Boulevard, Rockledge, FL, 32955

$2,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,917 ft²
1937 Golf Vista Boulevard, Rockledge, FL, 32955 Listing by Douglas Bress
Unit for rent at 5526 Indigo Crossing Drive, Rockledge, FL, 32955

$3,000 /mo

  • 5 Beds
  • 3 Baths
  • 2,376 ft²
5526 Indigo Crossing Drive, Rockledge, FL, 32955 Listing by Allen (Chun) S Cheng

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Joel Howell, Atlantic Properties & Inv, Inc
Last Updated: 3 months ago
Data Source: Space Coast MLS, MLS# 851073
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 3611 Terramore Drive built and last sold?
The property at 3611 Terramore Drive was built in 2007 and last sold on Apr 30, 2020 for $611,000.
How much is this home worth?
The estimated value of the home located at 3611 Terramore Drive is $621,916.
What are some comparable homes to 3611 Terramore Drive?
There are currently no comparable homes to 3611 Terramore Drive.
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