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Brevard 32940 Baytree
8122 Old Tramway Drive
$845,000
● House - Off Market

8122 Old Tramway Drive

Melbourne, FL 32940
bedrooms
6 Beds
bathrooms
4 Baths
square feet
4,894 Ft²
$982,401
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Located in the executive, gated community of Baytree, this home features 6 bedrooms + Bonus/Gameroom (pool table stays)+ Loft area, 4 full baths, 3-car garage, beach-entry pool overlooking the 10th hole of this Gary Player golf course & signature community. Very private lot with golf course in back & preserve to the west -- only one neighbor! Master bdrm on 1st floor. Plus one additional bdrm on 1st floor w/ French doors makes a great office or guest bdrm w/ full bath access. Huge kitchen w/ dark cherry hardwood cabinets, crown moulding & large center island. Kitchen nook w/ windows on 3 sides overlooking pool. Hardwood floors & crown moulding in formal living & dining. Upstairs features 4 bdrms, 2 full baths, loft, & huge gameroom, plus outside deck. Be sure to watch the WALK-THRU VIDEO!
Unit Size
4,894 Ft²
Days on Market
37 days
Land Size
0.28 acres
Price per sqft
$174
Property Type
House
Property Taxes
$741
HOA Dues
$8
Year Built
2002

Payment Calculator

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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: 5 months ago (Space Coast MLS #903161)

Price History

Date / Event Date Event Price
Jul 7, 2021 Sold
Premium
Sold
Apr 25, 2021 Listed by Vanderveer Properties $850,000
Listed by Vanderveer Properties
Feb 4, 2014 Sold
Premium
Sold
Dec 27, 2013 Listed by Vanderveer Properties $597,500
Listed by Vanderveer Properties
May 9, 2002 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2012
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 14
  • Building Condition: 0
  • Building Quality: 2
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 4
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 660
  • Parking Space Count: 2
  • Patio Type: 69
  • Porch Type: 126
  • Pool Type: 8
  • Location Influence Type: 101

    Dimensions

  • Lot Size Square Feet: 12,197
  • Lot Size Frontage Feet: 880
  • Total Building Area: 5,959
  • Gross Building Area: 5,959
  • Building Area: 4,894
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 4,894
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BAYTREE P.U.D. PHASE 2 STAGE 1A THE HAML
  • Land Acres: 0000000280
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: BAYTREE P.U.D. PHASE 2 STAGE 1A THE HAMLET BLOCK J LOT 24

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 064128

Zoning

  • Zoning: PUD

Geography

  • Assessors Map Reference: 245B
  • Account Number: 2623607
  • Subdivision Phase Number: 2
  • Parcel: 26-36-23-RW-0000J.0-0024.00
  • Block: J
  • Lot: 24
  • Meridian: SEC 23 TWN 26S RNG 36E
  • Municipality: UNINCORP DISTRICT 4
  • Latitude: 28.2148
  • Longitude: -80.7044

    Address

  • Full Address: 8122 Old Tramway Dr
  • Address - House Number: 8122
  • Address - Street Name: Old Tramway
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Melbourne
  • Carrier Code: R072
  • 4-Digit Zip Code: 2179
  • Zip Code: 32940

Valuation

    Tax

  • Total Area: 5,382
  • Tax Year: 2022
  • Tax Amount: $1,085,693
  • Tax Rate Code Area: 4200

    Appraisal Valuation

  • Standard Deviation: 0.1714
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 78
  • Final Value: 1,066,449
  • High Value: 1,249,252
  • Low Value: 883,645

    Market Valuation

  • Market Total Value: $781,940

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $711,420

    Sales

  • Current Sale Contract Date: Jul 02, 2021
  • Current Sale Recording Date: Jul 07, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021176029
  • Previous Sale Recording Date: Feb 04, 2014
  • Previous Sale Contract Date: Jan 31, 2014
  • Previous Sale Amount: $582,500
  • 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 Baytree

Stats & Trends

Median Asking:

$749,900

Sale Price/ft²

$275

Below Asking

0.03%

Average Days on Market

79

Average Home Size

2603 ft²

Average Home Age

26.2 years

Currently For Sale

9 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 1008 Wimbledon Drive, Melbourne, FL, 32940

$3,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,866 ft²
1008 Wimbledon Drive, Melbourne, FL, 32940 Listing by Joya Kaye Hoffard

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Pamela Vanderveer, Vanderveer Properties
Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 903161
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 8122 Old Tramway Drive built and last sold?
The property at 8122 Old Tramway Drive was built in 2002 and last sold on Jul 2, 2021 for $845,000.
How much is this home worth?
The estimated value of the home located at 8122 Old Tramway Drive is $0.
What are some comparable homes to 8122 Old Tramway Drive?
There are currently no comparable homes to 8122 Old Tramway Drive.
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