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Wabasso 32958
4630 87th Street
$320,000
● House - Off Market

4630 87th Street

Sebastian, FL 32958
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,662 Ft²
$1,897
Est. Monthly
6.59%
Cap Rate

About This Property

Discover a one-of-a-kind gem from 1928! Unlike typical Florida homes, this residence exudes unique charm with original flooring in select rooms. Featuring a newer metal roof, septic system, and water treatment system. Gutted kitchen and half bath are a blank canvas ready for your design expertise! Nestled in a lightly wooded area, enjoy privacy and tranquility, with a spacious driveway for boats and toys, and a fenced yard with an outdoor shower. Conveniently located, with a very short distance to Indian River docks and beaches. Your perfect blend of character and comfort awaits!
Unit Size
1,662 Ft²
Days on Market
218 days
Land Size
0.36 acres
Price per sqft
$211
Property Type
House
Property Taxes
$178
HOA Dues
-
Year Built
1928

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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: 2 years ago (Indian River #276547)

Price History

Date / Event Date Event Price
Oct 22, 2024 Sold
Premium
Sold
Mar 18, 2024 Listed by Compass Florida LLC $350,000
Listed by Compass Florida LLC
Jun 30, 2020 Sold
Premium
Sold
May 26, 2020 No longer available -
No longer available
May 15, 2020 Listed by Compass Florida LLC $250,000
Listed by Compass Florida LLC
Show More

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 0
  • Building Quality: 10
  • Construction Type: 12
  • Building Style: 25
  • Exterior Walls Type: 7
  • Interior Walls Type: 6
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 23
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 94
  • Porch Type: 36
  • Pool Type: 0
  • Location Influence Type: 131

    Dimensions

  • Lot Size Square Feet: 15,682
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 790
  • Total Building Area: 1,662
  • Gross Building Area: 1,662
  • Building Area: 1,662
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 14
  • Heated Square Feet: 1,662
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NULL
  • Land Acres: 0000000360
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: SEC 28 TWP 31 S RGE 39 E GOVT LOT 4 MORE PART DESC AS BEING THE S 227.9 FT OF THE E 79 FT OF GOVT LOT 4

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050805

Zoning

  • Zoning: RM-6

Geography

  • Parcel: 31-39-28-00000-0040-00003.0
  • Lot: 4
  • Meridian: SEC 28 TWN 31S RNG 39E
  • Municipality: UNINCORPORATED
  • Latitude: 27.7523
  • Longitude: -80.4333

    Address

  • Full Address: 4630 87th St
  • Address - House Number: 4630
  • Address - Street Name: 87th
  • Address - Suffix Type: St
  • State: FL
  • City Name: Sebastian
  • Carrier Code: R005
  • 4-Digit Zip Code: 7542
  • Zip Code: 32958

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $207,402
  • Tax Rate Code Area: 1

    Appraisal Valuation

  • Standard Deviation: 0.257
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 63
  • Final Value: 388,431
  • High Value: 488,288
  • Low Value: 288,574

    Market Valuation

  • Market Total Value: $184,319
  • Market Land Value: $30,218
  • Market Improvement Value: $154,101

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $175,987

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 30, 2020
  • Current Sale Recording Date: Jun 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3120200036877
  • Previous Sale Recording Date: Jan 07, 2019
  • Previous Sale Contract Date: Jan 02, 2019
  • Previous Sale Amount: $169,400
  • 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 Wabasso

Stats & Trends

Median Asking:

$450,000

Sale Price/ft²

$257

Below Asking

0.03%

Average Days on Market

89

Average Home Size

4346 ft²

Average Home Age

16 years

Currently For Sale

13 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 107 Keystone Drive, Sebastian, FL, 32958

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,837 ft²
107 Keystone Drive, Sebastian, FL, 32958 Listing by Yenny Palacio

Rentals Near You

Click here to view more rentals in the neighborhood.
RAIRC

Listed by: Michelle L Moss, Compass Florida LLC
Last Updated: 2 years ago
Data Source: RAIRC, MLS# 276547
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 4630 87th Street built and last sold?
The property at 4630 87th Street was built in 1928 and last sold on Jun 30, 2020 for $250,000.
How much is this home worth?
The estimated value of the home located at 4630 87th Street is $0.
What are some comparable homes to 4630 87th Street?
There are currently no comparable homes to 4630 87th Street.
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