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Sebastian 32958
612 Cavern Terrace
$350,000
● House - Off Market

612 Cavern Terrace

Sebastian, FL 32958
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,828 Ft²
$1,840
Est. Monthly
7.42%
Cap Rate

About This Property

Introducing the Cali floorplan in Port St. Lucie, Florida, offering style and comfort in a boat and RV-friendly area with no HOA restrictions. This 4-bedroom, 2-bathroom home spans 1,828 square feet, featuring quartz countertops and tile floors. The open-concept layout connects the living room, dining area, and kitchen, ideal for entertaining. The kitchen boasts an oversized undermount sink, stainless-steel appliances, and a large island. The primary suite includes an ensuite bathroom with dual sinks, a shower, and a walk-in closet. Smart home technology is included.
Unit Size
1,828 Ft²
Days on Market
230 days
Land Size
0.23 acres
Price per sqft
$198
Property Type
House
Property Taxes
$62
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: 2 years ago (Indian River #279712)

Price History

Date / Event Date Event Price
Feb 24, 2025 Sold
Premium
Sold
Feb 13, 2025 In contract -
In contract
Jan 7, 2025 Price Decreased $362,000
↓ $10K (2.7%)
Price Decreased
Dec 31, 2024 Price Decreased $372,000
↓ $990 (0.3%)
Price Decreased
Dec 24, 2024 Price Decreased $372,990
↓ $5K (1.3%)
Price Decreased
Show More

Property Highlights

Air Conditioning

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: 131

    Dimensions

  • Lot Size Square Feet: 10,019
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 800
  • 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: SEBASTIAN HIGHLANDS UNIT 11
  • Land Acres: 0000000230
  • Standard Land Use Code: 8001
  • County Land Use Code: 0000
  • State Land Use Code: 00
  • Legal Description 1: SEBASTIAN HIGHLANDS UNIT 11 BLK 359 LOT 14 PBI 7-56D

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050810

Zoning

  • Zoning: RS-10

Geography

  • Parcel: 31-38-25-00001-3590-00014.0
  • Block: 359
  • Lot: 14
  • Meridian: SEC 25 TWN 31S RNG 38E
  • Municipality: CITY OF SEBASTIAN
  • Latitude: 27.7619
  • Longitude: -80.4871

    Address

  • Full Address: 612 Cavern Ter
  • Legal Unit: 11
  • Address - House Number: 612
  • Address - Street Name: Cavern
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Sebastian
  • Carrier Code: R021
  • 4-Digit Zip Code: 6550
  • Zip Code: 32958

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $58,723
  • Tax Rate Code Area: 2

    Market Valuation

  • Market Total Value: $31,960
  • Market Land Value: $31,960

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $31,960
  • Assessed Land Value: $31,960

    Sales

  • Current Sale Contract Date: Feb 01, 2024
  • Current Sale Recording Date: Feb 02, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4903
  • Previous Sale Recording Date: Aug 06, 2014
  • Previous Sale Contract Date: Jul 31, 2014
  • Previous Sale Amount: $123,500
  • 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 Sebastian

Stats & Trends

Median Asking:

$375,000

Sale Price/ft²

$220

Below Asking

0.02%

Average Days on Market

72

Average Home Size

1756 ft²

Average Home Age

27.8 years

Currently For Sale

162 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 324 Seaside Terrace, Sebastian, FL, 32958

$2,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,733 ft²
324 Seaside Terrace, Sebastian, FL, 32958 Listing by Leidy Johanna Gonzalez
Unit for rent at 1108 Coverbrook Lane, Sebastian, FL, 32958

$2,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,653 ft²
1108 Coverbrook Lane, Sebastian, FL, 32958 Listing by Magdalena A Zych

Rentals Near You

Click here to view more rentals in the neighborhood.
RAIRC

Listed by: Liz Boley, D R Horton Realty of Melbourne
Last Updated: 2 years ago
Data Source: RAIRC, MLS# 279712
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 612 Cavern Terrace built and last sold?
The property at 612 Cavern Terrace was built in and last sold on Feb 1, 2024 for $77,500.
How much is this home worth?
The estimated value of the home located at 612 Cavern Terrace is $366,820.
What are some comparable homes to 612 Cavern Terrace?
There are currently no comparable homes to 612 Cavern Terrace.
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