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Grant-Valkaria 32949 Cypress Creek
5657 Cypress Creek Drive
$25,000
● Land - Off Market

5657 Cypress Creek Drive

Grant-Valkaria, FL 32949
bedrooms
Studio
bathrooms
0 Bath
$49,739
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model

About This Property

OVER-SIZED 2.99 acre Single Family Residential Lot (RR-1 Zoning) with approx. 176.19'of road frontage  available in the exclusive highly desirable Cypress Creek Subdivision (Phase #1) in Grant-Valkaria. This subdivision features custom built homes with many amenities including a Park area, Tennis Courts, and a water access/fishing pier and is nicely located near the Sebastian Inlet and just 13 minutes to the Valkaria Airport and 18 minutes to the Bayside Lakes Shopping Center. The HOA Website is http://www.cypresscreekhoa.net. From Exit #173 of I-95 go east on Malabar Road SE. for 0.6 miles. Go south on Babcock Street SE for 5.1 miles and turn left on Grant Road. Proceed east for 4.8 miles and turn left on Cypress Creek Parkway, left on Cypress Creek Drive and the lot will be on your right right
Unit Size
-
Days on Market
50 days
Land Size
2.99 acres
Price per sqft
-
Property Type
Land
Property Taxes
$42
HOA Dues
$23
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: 6 months ago (Space Coast MLS #775962)

Price History

Date / Event Date Event Price
Aug 23, 2022 Sold
Premium
Sold
Mar 18, 2022 Listed by Coldwell Banker Realty $120,000
Listed by Coldwell Banker Realty
Apr 1, 2021 Sold
Premium
Sold
Feb 16, 2017 Listed by Coldwell Banker Realty $40,000
Listed by Coldwell Banker Realty
Jun 22, 1995 Sold
Premium
Sold

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: 179

    Dimensions

  • Lot Size Square Feet: 130,244
  • 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: CYPRESS CREEK SUBDIVISION PHASE 1
  • Land Acres: 0000002990
  • Standard Land Use Code: 8010
  • County Land Use Code: 0010
  • Legal Description 1: CYPRESS CREEK SUBDIVISION PHASE 1 LOT 62

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 065231

Zoning

  • Zoning: RR-1

Geography

  • Assessors Map Reference: 434D
  • Account Number: 2959290
  • Subdivision Phase Number: 1
  • Parcel: 29-38-29-50-00000.0-0062.00
  • Lot: 62
  • Meridian: SEC 29 TWN 29S RNG 38E
  • Municipality: GRANT-VALKARIA
  • Latitude: 27.9345
  • Longitude: -80.5482

    Address

  • Full Address: 5657 Cypress Creek Dr
  • Address - House Number: 5657
  • Address - Street Name: Cypress Creek
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Grant
  • Carrier Code: R001
  • 4-Digit Zip Code: 8303
  • Zip Code: 32949

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $54,357
  • Tax Rate Code Area: 34L0

    Market Valuation

  • Market Total Value: $40,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $40,000

    Sales

  • Current Sale Contract Date: Aug 18, 2022
  • Current Sale Recording Date: Aug 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 208082
  • Previous Sale Recording Date: Apr 01, 2021
  • Previous Sale Contract Date: Mar 25, 2021
  • Previous Sale Amount: $25,000
  • 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 Cypress Creek

Stats & Trends

Median Asking:

$774,450

Sale Price/ft²

$272

Below Asking

0.01%

Average Days on Market

99

Average Home Size

2532 ft²

Average Home Age

15 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 6691 Cameo Drive, GRANT, FL, 32949

$3,700 /mo

  • 4 Beds
  • 3 Baths
  • 2,324 ft²
6691 Cameo Drive, GRANT, FL, 32949 Listing by Karen Fleckinger

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Philip L Rotondo, Coldwell Banker Realty
Last Updated: 6 months ago
Data Source: Space Coast MLS, MLS# 775962
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 5657 Cypress Creek Drive built and last sold?
The property at 5657 Cypress Creek Drive was built in and last sold on Aug 18, 2022 for $107,500.
How much is this home worth?
The estimated value of the home located at 5657 Cypress Creek Drive is $0.
What are some comparable homes to 5657 Cypress Creek Drive?
There are currently no comparable homes to 5657 Cypress Creek Drive.
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