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Melbourne 32901
4078 Wilkes Drive
$250,000
● House - Off Market

4078 Wilkes Drive

Melbourne, FL 32901
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,911 Ft²
$291,857
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model

About This Property

MULTIPLE OFFERS RECEIVED - requesting HIGHEST & BEST offer by 6 pm 3/31/2021.   Located in the heart of Melbourne this lovely 4-bedroom home would make a great addition to your investment portfolio. Currently rented to a long-term tenant who would like to stay! New roof coming in April! Clean and inviting home with cathedral ceilings, an open concept living room/dining room, family room, laundry room and kitchen with breakfast bar and nook. The easterly breezes on the screened-in porch provide a great place for relaxing. Belle Terrace is located close to downtown Melbourne, some of the largest employers in the area including Northrop Grumman and L3Harris, the Florida Institute of Technology, theatre, nightlife, golf, and the beaches. Its location also provides easy access to US1 and I-95.
Unit Size
1,911 Ft²
Days on Market
29 days
Land Size
0.13 acres
Price per sqft
$126
Property Type
House
Property Taxes
$292
HOA Dues
$32
Year Built
2004

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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: 6 months ago (Space Coast MLS #900820)

Price History

Date / Event Date Event Price
Apr 29, 2021 Sold
Premium
Sold
Mar 30, 2021 Listed by Keller Williams Realty Brevard $240,000
Listed by Keller Williams Realty Brevard
Oct 1, 2004 Sold
Premium
Sold
Aug 20, 2004 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2010
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 431
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 35
  • Pool Type: 0
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 5,663
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,534
  • Gross Building Area: 2,534
  • Building Area: 1,911
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,911
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BELLE TERRACE
  • Land Acres: 0000000130
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: BELLE TERRACE LOT 20

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 065126

Zoning

  • Zoning: R1B

Geography

  • Assessors Map Reference: MB 50 PG 91
  • Account Number: 2861303
  • Parcel: 28-37-16-76-00000.0-0020.00
  • Lot: 20
  • Meridian: SEC 16 TWN 28S RNG 37E
  • Municipality: MELBOURNE
  • Latitude: 28.0474
  • Longitude: -80.6292

    Address

  • Full Address: 4078 Wilkes Dr
  • Address - House Number: 4078
  • Address - Street Name: Wilkes
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Melbourne
  • Carrier Code: C043
  • 4-Digit Zip Code: 8487
  • Zip Code: 32901

Valuation

    Tax

  • Total Area: 2,234
  • Tax Year: 2022
  • Tax Amount: $427,132
  • Tax Rate Code Area: 34K0

    Appraisal Valuation

  • Standard Deviation: 0.2177
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 70
  • Final Value: 366,348
  • High Value: 446,109
  • Low Value: 286,588

    Market Valuation

  • Market Total Value: $243,480

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $243,480

    Sales

  • Current Sale Contract Date: Apr 28, 2021
  • Current Sale Recording Date: Apr 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021110586
  • Previous Sale Recording Date: Oct 01, 2004
  • Previous Sale Contract Date: Sep 23, 2004
  • Previous Sale Amount: $187,000
  • 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 Melbourne

Stats & Trends

Median Asking:

$310,000

Sale Price/ft²

$213

Below Asking

0.02%

Average Days on Market

63

Average Home Size

1632 ft²

Average Home Age

38.4 years

Currently For Sale

525 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 300 Darrow Avenue, Melbourne, FL, 32901

$2,500 /mo

  • 4 Beds
  • 2 Baths
  • 1,732 ft²
300 Darrow Avenue, Melbourne, FL, 32901 Listing by Karen L Brown
Unit for rent at 304 Darrow Avenue, Melbourne, FL, 32901

$2,300 /mo

  • 4 Beds
  • 2 Baths
  • 1,759 ft²
304 Darrow Avenue, Melbourne, FL, 32901 Listing by Karen L Brown
Unit for rent at 1113 Hailey Street, West Melbourne, FL, 32904

$2,500 /mo

  • 4 Beds
  • 2 Baths
  • 2,026 ft²
1113 Hailey Street, West Melbourne, FL, 32904 Listing by Chuck Alzamora

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Theresa A. Bassing PA, Keller Williams Realty Brevard
Last Updated: 6 months ago
Data Source: Space Coast MLS, MLS# 900820
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 4078 Wilkes Drive built and last sold?
The property at 4078 Wilkes Drive was built in 2004 and last sold on Apr 28, 2021 for $250,000.
How much is this home worth?
The estimated value of the home located at 4078 Wilkes Drive is $252,979.
What are some comparable homes to 4078 Wilkes Drive?
There are currently no comparable homes to 4078 Wilkes Drive.
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