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Viera East 32940 Viera South
6988 Hammock Trace Drive
$243,000
● House - Off Market

6988 Hammock Trace Drive

Melbourne, FL 32940
bedrooms
3 Beds
bathrooms
2 Baths
$368,127
RealtyHop Estimate
44.36%
Since Mar 1, 2020
National-US
Primary Model

About This Property

Move in ready or great investment opportunity in this sought after Viera community. 3 bdrm, 2 bath, 2 car garage home well maintained. Freshly painted inside & out. New flooring just installed. New toilets. Water heater 2018, Roof 2015, AC 2013. Eat-in kitchen overlooking breakfast nook and family room. French doors lead out to cute screened-in patio. Separate living and family room, arched windows, neutral decor. Community with pool. Close to I-95 for easy commute to Orlando/PAFB. Nearby...The Avenue Shopping Center, Viera Hospital, Restaurants, Brevard Zoo and a short drive to the beach!
Unit Size
-
Days on Market
-
Land Size
0.12 acres
Price per sqft
-
Property Type
House
Property Taxes
$303
HOA Dues
$435
Year Built
1995

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: 3 years ago (Space Coast MLS #865066)

Price History

Date / Event Date Event Price
Feb 20, 2020 Sold
Premium
Sold
Jan 13, 2020 Listed by Brevard Property Mgmt & Rlty $255,000
Listed by Brevard Property Mgmt & Rlty
Mar 8, 1995 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 2006
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 12
  • 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: 400
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 59
  • Pool Type: 0
  • Location Influence Type: 235

    Dimensions

  • Lot Size Square Feet: 5,227
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 5
  • Total Building Area: 2,149
  • Gross Building Area: 2,149
  • Building Area: 1,560
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,560
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VIERA SOUTH P.U.D. TRACTS MM & QQ PHASES
  • Land Acres: 0000000120
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: VIERA SOUTH P.U.D. TRACTS MM & QQ PHASES FOUR-FIVE-SIX LOT 51

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 063106

Zoning

  • Zoning: PUD

Geography

  • Assessors Map Reference: 233C
  • Account Number: 2616983
  • Subdivision Phase Number: 4
  • Subdivision Tract Number: S
  • Parcel: 26-36-10-53-00000.0-0051.00
  • Lot: 51
  • Meridian: SEC 10 TWN 26S RNG 36E
  • Municipality: VIERA/UNINCORP DISTRICT 4
  • Latitude: 28.2364
  • Longitude: -80.7157

    Address

  • Full Address: 6988 Hammock Trace Dr
  • Address - House Number: 6988
  • Address - Street Name: Hammock Trace
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Melbourne
  • Carrier Code: R062
  • 4-Digit Zip Code: 7971
  • Zip Code: 32940

Valuation

    Tax

  • Total Area: 1,847
  • Tax Year: 2022
  • Tax Amount: $405,513
  • Tax Rate Code Area: 420Y

    Appraisal Valuation

  • Standard Deviation: 0.1949
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 74
  • Final Value: 407,523
  • High Value: 486,960
  • Low Value: 328,087

    Market Valuation

  • Market Total Value: $282,390

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $282,390

    Sales

  • Current Sale Contract Date: Feb 14, 2020
  • Current Sale Recording Date: Feb 20, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020041946
  • Previous Sale Recording Date: Mar 08, 1995
  • Previous Sale Contract Date: Mar 06, 1995
  • Previous Sale Amount: $92,000
  • 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 Viera South

Stats & Trends

Median Asking:

$360,000

Sale Price/ft²

$243

Below Asking

0.03%

Average Days on Market

65

Average Home Size

1495 ft²

Average Home Age

30.1 years

Currently For Sale

0 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 1749 Tullagee Avenue, Melbourne, FL, 32940

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,807 ft²
1749 Tullagee Avenue, Melbourne, FL, 32940 Listing by Maureen G Harrell
Unit for rent at 2138 Caledonia Place, Melbourne, FL, 32940

$2,500 /mo

  • 4 Beds
  • 2 Baths
  • 1,902 ft²
2138 Caledonia Place, Melbourne, FL, 32940 Listing by Gregory Ellingson
Unit for rent at 700 Trotter Lane, MELBOURNE, FL, 32940

$2,600 /mo

  • 3 Beds
  • 2 Baths
  • 1,811 ft²
700 Trotter Lane #204, MELBOURNE, FL, 32940 Listing by Ashley Langford

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Maureen A Roche, Brevard Property Mgmt & Rlty
Last Updated: 3 years ago
Data Source: Space Coast MLS, MLS# 865066
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 6988 Hammock Trace Drive built and last sold?
The property at 6988 Hammock Trace Drive was built in 1995 and last sold on Feb 14, 2020 for $243,000.
How much is this home worth?
The estimated value of the home located at 6988 Hammock Trace Drive is $0.
What are some comparable homes to 6988 Hammock Trace Drive?
There are currently no comparable homes to 6988 Hammock Trace Drive.
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