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Brevard 32940 Baytree
902 Balmoral Way
$560,000
● House - Off Market

902 Balmoral Way

Melbourne, FL 32940
bedrooms
5 Beds
bathrooms
4 Baths
square feet
3,448 Ft²
$951,890
RealtyHop Estimate
68.48%
Since Dec 1, 2016
National-US
Primary Model

About This Property

Pride of ownership abounds. This very spacious home offers 5 bedrooms & 4 bathrooms which includes a separate mother in law suite as well as a private en-suite. Step into the foyer and you are greeted with beautiful maple floors in Living & Dining room and view of the pool. Freshly painted interior & exterior, high ceilings, plantation shutters, surround sound, crown molding & Tile roof are just a few appointments. Kitchen offers granite counter-tops & stainless steel appliances. Screened pool and spa. HVAC in 2016. Great corner lot that backs up to the preserve for added privacy.   The possibilities are endless! A rated schools, near shopping, restaurants and I-95
Unit Size
3,448 Ft²
Days on Market
67 days
Land Size
0.29 acres
Price per sqft
$164
Property Type
House
Property Taxes
$628
HOA Dues
$8
Year Built
2002

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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: 5 months ago (Space Coast MLS #763549)

Price History

Date / Event Date Event Price
Nov 17, 2016 Sold
Premium
Sold
Sep 2, 2016 Listed by Ocean Realty Partners LLC $565,000
Listed by Ocean Realty Partners LLC
Dec 16, 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: 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: 712
  • Parking Space Count: 2
  • Patio Type: 69
  • Porch Type: 126
  • Pool Type: 8
  • Location Influence Type: 235

    Dimensions

  • Lot Size Square Feet: 12,632
  • Lot Size Frontage Feet: 950
  • Total Building Area: 4,562
  • Gross Building Area: 4,562
  • Building Area: 3,467
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,467
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BALMORAL BAYTREE PLANNED UNIT DEVELOPMEN
  • Land Acres: 0000000290
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: BALMORAL BAYTREE PLANNED UNIT DEVELOPMENT PHASE 3 TRACT J LOT 1 BLK O

Neighborhood

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

Zoning

  • Zoning: PUD

Geography

  • Assessors Map Reference: 245C
  • Account Number: 2624866
  • Subdivision Phase Number: 3
  • Subdivision Tract Number: J
  • Parcel: 26-36-22-SK-0000O.0-0001.00
  • Block: O
  • Lot: 1
  • Meridian: SEC 22 TWN 26S RNG 36E
  • Municipality: UNINCORP DISTRICT 4
  • Latitude: 28.2115
  • Longitude: -80.7072

    Address

  • Full Address: 902 Balmoral Way
  • Legal Unit: DEVELO
  • Address - House Number: 902
  • Address - Street Name: Balmoral
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Melbourne
  • Carrier Code: R072
  • 4-Digit Zip Code: 2401
  • Zip Code: 32940

Valuation

    Tax

  • Total Area: 3,971
  • Tax Year: 2022
  • Tax Amount: $829,755
  • Tax Rate Code Area: 4200

    Appraisal Valuation

  • Standard Deviation: 0.1809
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 76
  • Final Value: 908,239
  • High Value: 1,072,574
  • Low Value: 743,904

    Market Valuation

  • Market Total Value: $676,440

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $493,150

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 08, 2016
  • Current Sale Recording Date: Nov 17, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016225425
  • Previous Sale Recording Date: Dec 16, 2002
  • Previous Sale Contract Date: Nov 27, 2002
  • Previous Sale Amount: $424,200
  • 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: Cynthia Paulsen, Ocean Realty Partners LLC
Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 763549
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 902 Balmoral Way built and last sold?
The property at 902 Balmoral Way was built in 2002 and last sold on Nov 8, 2016 for $560,000.
How much is this home worth?
The estimated value of the home located at 902 Balmoral Way is $0.
What are some comparable homes to 902 Balmoral Way?
There are currently no comparable homes to 902 Balmoral Way.
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