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Brevard 32951 Crystal Lakes
430 Riggs Avenue
$1,000,000
● House - Off Market

430 Riggs Avenue

Melbourne Beach, FL 32951
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,987 Ft²
$5,321
Est. Monthly
$5
HOA / Fees
2.06%
Cap Rate

About This Property

Owner financing available ! Custom home in friendly Crystal Lakes subdivision of Melbourne Beach enjoying approximately 175' of water frontage on a navigable canal to the Indian River and open Ocean too, via nearby Sebastian Inlet. Dramatic open living area, brand new kitchen & master bath vanity, newer roof (2021), new septic system (2022), freshly painted throughout, a recently enclosed, air conditioned Florida room, propane generator & much more to love about this very special property! Deeded beach access with parking area just a short stroll or golf cart ride away. Crystal Lakes is located between the only 2 golf courses on the S barrier island & just minutes from a Publix grocery store and other amenities, yet still surrounded by the pristine nature this area is now known for.
Unit Size
2,987 Ft²
Days on Market
194 days
Land Size
0.18 acres
Price per sqft
$318
Property Type
House
Property Taxes
$650
HOA Dues
$5
Year Built
1984

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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 #974444)

Price History

Date / Event Date Event Price
Mar 20, 2024 Sold
Premium
Sold
Sep 6, 2023 Listed by One Sotheby's International $950,000
Listed by One Sotheby's International
Aug 6, 2014 Sold
Premium
Sold
Jun 24, 2014 Listed by One Sotheby's International $450,000
Listed by One Sotheby's International
Oct 17, 1996 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: 0
  • Building Quality: 2
  • 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: 550
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 35
  • Pool Type: 0
  • Location Influence Type: 75

    Dimensions

  • Lot Size Square Feet: 7,841
  • Lot Size Depth Feet: 1,030
  • Lot Size Frontage Feet: 780
  • Total Building Area: 3,649
  • Gross Building Area: 3,649
  • Building Area: 2,712
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,712
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CRYSTAL LAKE 2ND ADDN
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: CRYSTAL LAKE 2ND ADDN LOT 27 BLK C

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 066104

Zoning

  • Zoning: RU113

Geography

  • Assessors Map Reference: 396
  • Account Number: 2953097
  • Parcel: 29-38-03-HW-0000C.0-0027.00
  • Block: C
  • Lot: 27
  • Meridian: SEC 03 TWN 29S RNG 38E
  • Municipality: UNINCORP DISTRICT 3
  • Latitude: 27.9855
  • Longitude: -80.5238

    Address

  • Full Address: 430 Riggs Ave
  • Address - House Number: 430
  • Address - Street Name: Riggs
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Melbourne Beach
  • Carrier Code: R084
  • 4-Digit Zip Code: 3221
  • Zip Code: 32951

Valuation

    Tax

  • Total Area: 3,166
  • Tax Year: 2022
  • Tax Amount: $780,400
  • Tax Rate Code Area: 3400

    Appraisal Valuation

  • Standard Deviation: 0.0852
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 93
  • Final Value: 990,241
  • High Value: 1,074,683
  • Low Value: 905,798

    Market Valuation

  • Market Total Value: $659,690

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $659,690

    Sales

  • Current Sale Contract Date: Mar 18, 2024
  • Current Sale Recording Date: Mar 20, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 56685
  • Previous Sale Recording Date: Aug 06, 2014
  • Previous Sale Contract Date: Jul 31, 2014
  • Previous Sale Amount: $402,000
  • 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 Crystal Lakes

Stats & Trends

Median Asking:

$0

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

0

Average Home Size

1831 ft²

Average Home Age

35 years

Currently For Sale

1 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

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SpaceCoast

Listed by: David Settgast, One Sotheby's International
Last Updated: 6 months ago
Data Source: Space Coast MLS, MLS# 974444
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 430 Riggs Avenue built and last sold?
The property at 430 Riggs Avenue was built in 1984 and last sold on Mar 18, 2024 for $1,000,000.
How much is this home worth?
The estimated value of the home located at 430 Riggs Avenue is $957,747.
What are some comparable homes to 430 Riggs Avenue?
There are currently no comparable homes to 430 Riggs Avenue.
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