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Brevard 32953 Indian Bay Estate
540 Apache Trail
$515,000
● House - Off Market

540 Apache Trail

Merritt Island, FL 32953
bedrooms
4 Beds
bathrooms
3 Baths
$797,533
RealtyHop Estimate
51.97%
Since Feb 1, 2019
National-US
Primary Model

About This Property

WATER FRONT HOME WITH PRIVATE DOCK JUST 400 FT FROM THE INDIAN RIVER..........NEW AC SYSTEM INSTALLED ....... FANTASTIC FLOOR  PLAN ON ONE LEVEL  WITH 4 BEDROOMS 3 FULL BATHS..PLUS AN OFFICE/NURSERY ATTACHED TO THE MASTER BEDROOM... GRANITE IN KITCHEN WITH ALL APPLIANCES AND BREAKFAST NOOK LOOKING OUT TO THE POOL ... FAMILY ROOM HAS SLIDERS TO POOL AND A FIREPLACE .... FORMAL DINING ROOM AND LIVING ROOM. ... REAR BEDROOM IS ATTACHED TO HUGE FULL  POOL BATH ...PERFECT IN-LAW SUITE...

3 CAR GARAGE....OVER HALF ACRE LOT WITH HUGE FRONT AND REAR YARDS.... .... MOTORIZED COVERED BOAT HOUSE IN YOUR BACK YARD

THE INDIAN BAY COMMUNITY ON THE RIVER, WITH THEIR  OWN BOAT RAMP......*NOW REDUCED* ..* BELOW APPRAISAL*

 ...*BRING YOUR PERSONAL TOUCH TO THIS VALUE PACKED PROPERTY
Unit Size
-
Days on Market
-
Land Size
0.60 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
$45
Year Built
1993

Payment Calculator

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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 (Space Coast MLS #819567)

Price History

Date / Event Date Event Price
Jan 23, 2019 Sold
Premium
Sold
Jul 20, 2018 Listed by Coldwell Banker Realty $524,800
Listed by Coldwell Banker Realty
Sep 29, 2000 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 16
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 6
  • 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: 654
  • Parking Space Count: 2
  • Patio Type: 69
  • Porch Type: 126
  • Pool Type: 8
  • Location Influence Type: 75

    Dimensions

  • Lot Size Square Feet: 25,700
  • Lot Size Depth Feet: 2,540
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 3,827
  • Gross Building Area: 3,827
  • Building Area: 2,755
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,755
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: INDIAN BAY ESTATES PH II STAGE 2
  • Land Acres: 0000000590
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: INDIAN BAY ESTATES PH II STAGE 2 LOT 6 BLK A

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 069904

Zoning

  • Zoning: EU

Geography

  • Assessors Map Reference: 120
  • Account Number: 2318542
  • Subdivision Phase Number: II
  • Parcel: 23-36-34-51-0000A.0-0006.00
  • Block: A
  • Lot: 6
  • Meridian: SEC 34 TWN 23S RNG 36E
  • Municipality: UNINCORP DISTRICT 2
  • Latitude: 28.4405
  • Longitude: -80.7223

    Address

  • Full Address: 540 Apache Trl
  • Address - House Number: 540
  • Address - Street Name: Apache
  • Address - Suffix Type: Trl
  • State: FL
  • City Name: Merritt Island
  • Carrier Code: R012
  • 4-Digit Zip Code: 7812
  • Zip Code: 32953

Valuation

    Tax

  • Total Area: 3,248
  • Tax Year: 2022
  • Tax Amount: $580,539
  • Tax Rate Code Area: 2200

    Appraisal Valuation

  • Standard Deviation: 0.1752
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 77
  • Final Value: 872,335
  • High Value: 1,025,226
  • Low Value: 719,444

    Market Valuation

  • Market Total Value: $648,430

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $466,970

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 11, 2019
  • Current Sale Recording Date: Jan 23, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2019014837
  • Previous Sale Recording Date: Sep 29, 2000
  • Previous Sale Contract Date: Sep 25, 2000
  • Previous Sale Amount: $342,000
  • 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 Indian Bay Estate

Stats & Trends

Median Asking:

$625,000

Sale Price/ft²

$237

Below Asking

0.02%

Average Days on Market

68

Average Home Size

3124 ft²

Average Home Age

41 years

Currently For Sale

2 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 3800 Sunbeam Court, Merritt Island, FL, 32953

$3,000 /mo

  • 4 Beds
  • 2 Baths
  • 1,872 ft²
3800 Sunbeam Court, Merritt Island, FL, 32953 Listing by Karen Gunn-Bardot

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: John Juliano, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: Space Coast MLS, MLS# 819567
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 540 Apache Trail built and last sold?
The property at 540 Apache Trail was built in 1993 and last sold on Jan 11, 2019 for $515,000.
How much is this home worth?
The estimated value of the home located at 540 Apache Trail is $0.
What are some comparable homes to 540 Apache Trail?
There are currently no comparable homes to 540 Apache Trail.
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