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Brevard 32940 Suntree
718 Myrtlewood Lane
Photo of 718 Myrtlewood Lane
Sold on Jan 3, 2022

1

Map

$205,000
● House - Off Market

718 Myrtlewood Lane

Melbourne, FL 32940
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,500 Ft²
$227,145
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

Diamond In The Rough. 2 Bedroom 2 Bath CBS Home In Desirable Suntree Area. Fixer Upper With Tons Of Potential.
Unit Size
1,500 Ft²
Days on Market
44 days
Land Size
0.18 acres
Price per sqft
$140
Property Type
House
Property Taxes
$136
HOA Dues
$19
Year Built
1983

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 4 months ago (Space Coast MLS #921116)

Price History

Date / Event Date Event Price
Jan 5, 2022 Sold
Premium
Sold
Nov 19, 2021 Listed by RE/MAX Elite $210,000
Listed by RE/MAX Elite

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 2003
  • 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: 425
  • Parking Space Count: 2
  • Patio Type: 17
  • Porch Type: 35
  • Pool Type: 0
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 7,841
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 782
  • Total Building Area: 2,289
  • Gross Building Area: 2,289
  • Building Area: 1,500
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,500
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUNTREE P.U.D. STAGE 10
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: SUNTREE P.U.D. STAGE 10 TRACT 6, UNIT 1 AND TRACT 6-A LOT 23 BLK 8

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 063109

Zoning

  • Zoning: PUD

Geography

  • Assessors Map Reference: 237
  • Account Number: 2602276
  • Subdivision Tract Number: 6,6-A
  • Parcel: 26-36-12-53-00008.0-0023.00
  • Block: 8
  • Lot: 23
  • Meridian: SEC 12 TWN 26S RNG 36E
  • Municipality: UNINCORP DISTRICT 4
  • Latitude: 28.2371
  • Longitude: -80.6854

    Address

  • Full Address: 718 Myrtlewood Ln
  • Legal Unit: 1
  • Address - House Number: 718
  • Address - Street Name: Myrtlewood
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Melbourne
  • Carrier Code: R077
  • 4-Digit Zip Code: 7754
  • Zip Code: 32940

Valuation

    Tax

  • Total Area: 1,862
  • Tax Year: 2022
  • Tax Amount: $318,913
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 4200

    Appraisal Valuation

  • Standard Deviation: 0.214
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 70
  • Final Value: 339,902
  • High Value: 412,656
  • Low Value: 267,148

    Market Valuation

  • Market Total Value: $252,250

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $252,250

    Sales

  • Current Sale Contract Date: Jan 03, 2022
  • Current Sale Recording Date: Jan 05, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2044
  • Previous Sale Recording Date: Feb 01, 2016
  • Previous Sale Contract Date: Feb 01, 2016
  • Previous Sale Document Type: 27
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 Suntree

Stats & Trends

Median Asking:

$435,000

Sale Price/ft²

$233

Below Asking

0.02%

Average Days on Market

62

Average Home Size

2098 ft²

Average Home Age

42.6 years

Currently For Sale

11 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 2760 Bosque Circle, FL, 32940

$2,225 /mo

  • 3 Beds
  • 2 Baths
  • 1,305 ft²
2760 Bosque Circle #307, FL, 32940 Listing by Lisa Springer
Unit for rent at 7667 N Wickham Road, Melbourne, FL, 32940

$2,050 /mo

  • 3 Beds
  • 2 Baths
  • 1,256 ft²
7667 N Wickham Road #1308, Melbourne, FL, 32940 Listing by Amanda Grace Miller

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Kristin W Lindbaek, RE/MAX Elite
Last Updated: 4 months ago
Data Source: Space Coast MLS, MLS# 921116
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 718 Myrtlewood Lane built and last sold?
The property at 718 Myrtlewood Lane was built in 1983 and last sold on Jan 3, 2022 for $205,000.
How much is this home worth?
The estimated value of the home located at 718 Myrtlewood Lane is $219,771.
What are some comparable homes to 718 Myrtlewood Lane?
There are currently no comparable homes to 718 Myrtlewood Lane.
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