$350,000
●
House -
Off Market
3837 N Indian River Drive
Cocoa, FL 32926
2 Beds
2 Baths
1,556 Ft²
$635,469
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model
About This Property
Priced well under appraisal! Bring an offer! Set beneath large oak
trees on 1.03 acres this 2 bedroom, 2 bathroom has spectacular
views of the Indian River and a separate 2 car garage with bonus
room/home office. Large eat-in kitchen with breakfast porch. The
riverfront has nice sandy area to enjoy the water, bonfires or
create a waterfront oasis. This home is a diamond in the rough
offering a quiet and peaceful section of Indian River Drive to call
home on a large lot for garden space or boat storage. Lovely
landscaping. Hardwired alarm system. Newer AC and new garage door
openers.
Unit Size
1,556 Ft²
Days on Market
105 days
Land Size
1.03 acres
Price per sqft
$256
Property Type
House
Property Taxes
$433
HOA Dues
-
Year Built
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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 #774461)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 24, 2018 | Sold | ||
| Sold | |||
| Feb 23, 2018 | Listed by Dale Sorensen Real Estate Inc. | $549,000 | |
| Listed by Dale Sorensen Real Estate Inc. | |||
   | |||
|
Paradise Found!! Gorgeous home with breathtaking river views and access. Everything is new with a quality you do not see often. From the ultra high end bookmatched granite counter work to the built in fireplace. New impact windows and doors and 40 year metal roof. French Oak flooring and LED recessed lighting. Walk in closet in the master and master bath has 18'' rain shower head and Italian Quartz countertops and increible tile design in guest bath runs down the wall into the flooring, simply stunning. Brand new AC, new plumbing, new electric panel and wiring. 36'' doors. Brand new dock and firepit on the water. Detached garage and bonus room on over an acre. High and dry over 9 feet over sea level.
| |||
| Aug 18, 2017 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed | $398,500 | |
| Listed | |||
| | |||
|
Call 321-255-2550 to see this property or for more information. Motivated seller. Bring an offer. Exceptional location! Set beneath large trees on an 1.03 acre lot this 2 bedroom, 2 full bathroom has views of the Indian River and a separate 2 car garage. Large kitchen with breakfast nook. h The riverfront has nice sandy area to enjoy the water, bonfires or create a waterfront oasis. This home is a diamond in the rough offering a quiet and peaceful section of Indian River Drive to call home on alarge lot for garden space or boat storage. Lovely landscaping. Call 321-255-2550 for more information on this property.The manager has listed the unit size as 1556 square feet.
| |||
| Jan 30, 2017 | Listed by Dale Sorensen Real Estate Inc. | $398,500 | |
| Listed by Dale Sorensen Real Estate Inc. | |||
Property Highlights
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Listed by: Jon Scott Santy, Dale Sorensen Real Estate Inc.
Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 774461
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.
Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 774461
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