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Brevard 32754 Indian River Park
4980 Highway 1
Photo of 4980 Highway 1
Sold on Aug 31, 2020

2

Map

Photo of 4980 Highway 1
$50,000
● Land - Off Market

4980 Highway 1

Mims, FL 32754
bedrooms
Studio
bathrooms
0 Bath
$75,199
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

Mature trees and high and dry land is what you will find when you walk this beautiful piece of  land. This 2+ acre parcel is zoned Rural Residential, this means that you are allowed to build one house on it now, however there is a future zoning possibility that allows for it to be reduced into two one acre lots that you can put a home on each if you like.   There are no issues with access or getting utilities either as electric runs by it. The current owner is ready to let it go so call me to get more details.
Unit Size
-
Days on Market
136 days
Land Size
2.07 acres
Price per sqft
-
Property Type
Land
Property Taxes
$41
HOA Dues
-
Year Built
-

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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: 5 months ago (Space Coast MLS #873494)

Price History

Date / Event Date Event Price
Aug 31, 2020 Sold
Premium
Sold
Apr 17, 2020 Listed by RE/MAX Aerospace Realty $54,900
Listed by RE/MAX Aerospace Realty

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 108

    Dimensions

  • Lot Size Square Feet: 90,169
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: INDIAN RIVER PARK, RESUBD OF SEC 17
  • Land Acres: 0000002070
  • Standard Land Use Code: 8010
  • County Land Use Code: 0010
  • Legal Description 1: INDIAN RIVER PARK, RESUBD OF SEC 17 LOTS 2,3 & S 258 FT OF N 387 FT OF LOT 6 EXC W 435 FT OF LOT 6 BLK 5

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 060104

Zoning

  • Zoning: RR-1

Geography

  • Assessors Map Reference: 20
  • Account Number: 2001788
  • Parcel: 20G-34-17-AL-00005.0-0002.00
  • Block: 5
  • Lot: 2
  • Meridian: SEC 17 TWN 20GS RNG 34E
  • Municipality: UNINCORP DISTRICT 1
  • Latitude: 28.7363
  • Longitude: -80.869

    Address

  • Full Address: 4980 Us Highway 1
  • Address - House Number: 4980
  • Address - Street Name: Us Highway 1
  • State: FL
  • City Name: Mims
  • Carrier Code: R001
  • 4-Digit Zip Code: 4917
  • Zip Code: 32754

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $51,316
  • Tax Rate Code Area: 1300

    Market Valuation

  • Market Total Value: $40,050

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $40,050

    Sales

  • Current Sale Contract Date: Aug 31, 2020
  • Current Sale Recording Date: Aug 31, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020188382
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 Indian River Park

Stats & Trends

Median Asking:

$429,750

Sale Price/ft²

$234

Below Asking

0.03%

Average Days on Market

68

Average Home Size

1967 ft²

Average Home Age

38.5 years

Currently For Sale

10 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 6050 Mangrove Street, Mims, FL, 32754

$2,800 /mo

  • 4 Beds
  • 2 Baths
  • 1,380 ft²
6050 Mangrove Street, Mims, FL, 32754 Listing by Elizabeth Christine Devine

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Danna Schweim, RE/MAX Aerospace Realty
Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 873494
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 4980 U.S. 1 built and last sold?
The property at 4980 U.S. 1 was built in and last sold on Aug 31, 2020 for $50,000.
How much is this home worth?
The estimated value of the home located at 4980 U.S. 1 is $0.
What are some comparable homes to 4980 U.S. 1?
There are currently no comparable homes to 4980 U.S. 1.
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