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Brevard 32940 Baytree
8262 OLD TRAMWAY Drive
$599,900
● House - Off Market

8262 OLD TRAMWAY Drive

Melbourne, FL 32940
bedrooms
5 Beds
bathrooms
4 Baths
$1,012,775
RealtyHop Estimate
68.82%
Since Oct 1, 2016
National-US
Primary Model

About This Property

STUNNING CUSTOM BUILT HOME.  Beautiful entrance/led glass doors. Located at end of Cul-de-sac, very private, with views of lake and golf course.  Lovely kitchen with Lg Island, Bar, 42'' solid Hickory cabinets, sold surface, stainless appliances. Upstairs Bedroom could be BONUS room or 5th bedroom (has Bathroom + closet).  Private Office. Custom tile, crown molding, Golden Oak Hardwood floors.  Tray ceilings in dining and master.  Unbelievable closet and dressing area in spacious master. Screened Pool has cool deck, waterfall, Jacuzzi, Gas Heater, view of natural preserve.  Tile roof, professional landscaping, 3 car garage, gutters.  APEX termite bond. New HVAC 2010. Storm Shutters. Outside painted 2015
Unit Size
-
Days on Market
-
Land Size
0.26 acres
Price per sqft
-
Property Type
House
Property Taxes
$562
HOA Dues
$95
Year Built
2002

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 #760972)

Price History

Date / Event Date Event Price
Sep 15, 2016 Sold
Premium
Sold
Aug 1, 2016 Listed by RE/MAX Elite $599,900
Listed by RE/MAX Elite
Apr 7, 2009 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2012
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 17
  • Building Condition: 0
  • Building Quality: 2
  • Construction Type: 12
  • 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: 725
  • Parking Space Count: 3
  • Patio Type: 69
  • Porch Type: 126
  • Pool Type: 8
  • Location Influence Type: 235

    Dimensions

  • Lot Size Square Feet: 11,326
  • Lot Size Frontage Feet: 900
  • Total Building Area: 4,694
  • Gross Building Area: 4,694
  • Building Area: 3,356
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,356
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ARUNDEL - BAYTREE P.U.D. PHASE 2 STAGE 2
  • Land Acres: 0000000260
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: ARUNDEL - BAYTREE P.U.D. PHASE 2 STAGE 2 LOT 12 BLOCK M

Neighborhood

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

Zoning

  • Zoning: PUD

Geography

  • Assessors Map Reference: 245C
  • Account Number: 2623813
  • Subdivision Phase Number: 2
  • Parcel: 26-36-22-SA-0000M.0-0012.00
  • Block: M
  • Lot: 12
  • Meridian: SEC 22 TWN 26S RNG 36E
  • Municipality: UNINCORP DISTRICT 4
  • Latitude: 28.2125
  • Longitude: -80.7075

    Address

  • Full Address: 8262 Old Tramway Dr
  • Address - House Number: 8262
  • Address - Street Name: Old Tramway
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Melbourne
  • Carrier Code: R072
  • 4-Digit Zip Code: 2184
  • Zip Code: 32940

Valuation

    Tax

  • Total Area: 3,945
  • Tax Year: 2022
  • Tax Amount: $866,985
  • Tax Rate Code Area: 4200

    Appraisal Valuation

  • Standard Deviation: 0.1927
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 74
  • Final Value: 996,340
  • High Value: 1,188,406
  • Low Value: 804,275

    Market Valuation

  • Market Total Value: $731,390

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $524,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 14, 2016
  • Current Sale Recording Date: Sep 15, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016181901
  • Previous Sale Recording Date: Apr 07, 2009
  • Previous Sale Contract Date: Mar 26, 2009
  • Previous Sale Amount: $460,000
  • 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 Baytree

Stats & Trends

Median Asking:

$773,837

Sale Price/ft²

$276

Below Asking

0.03%

Average Days on Market

75

Average Home Size

2597 ft²

Average Home Age

27 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 8870 Napolo Drive, Melbourne, FL, 32940

$3,300 /mo

  • 3 Beds
  • 3 Baths
  • 2,044 ft²
8870 Napolo Drive, Melbourne, FL, 32940 Listing by Petra Appling
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: Patricia M Murphey, RE/MAX Elite
Last Updated: 3 years ago
Data Source: Space Coast MLS, MLS# 760972
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 8262 Old Tramway Drive built and last sold?
The property at 8262 Old Tramway Drive was built in 2002 and last sold on Sep 14, 2016 for $599,900.
How much is this home worth?
The estimated value of the home located at 8262 Old Tramway Drive is $0.
What are some comparable homes to 8262 Old Tramway Drive?
There are currently no comparable homes to 8262 Old Tramway Drive.
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