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West Melbourne 32904 Oak Grove at West Melbourne
985 Bryce Lane
$420,000
● House - Off Market

985 Bryce Lane

West Melbourne, FL 32904
bedrooms
5 Beds
bathrooms
3 Baths
square feet
3,622 Ft²
$2,320
Est. Monthly
$36
HOA / Fees
7.13%
Cap Rate

About This Property

Bring your difficult investor to such a huge property in west Melbourne, please no low blow and no offer below $450,000 will entertain.
Unit Size
3,622 Ft²
Days on Market
68 days
Land Size
0.19 acres
Price per sqft
$128
Property Type
House
Property Taxes
-
HOA Dues
$36
Year Built
2003

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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: 6 months ago (Space Coast MLS #1040190)

Price History

Date / Event Date Event Price
May 22, 2025 Sold
Premium
Sold
Apr 6, 2025 In contract -
In contract
Mar 14, 2025 Listed by One's Real Estate $465,000
Listed by One's Real Estate
Jun 19, 2009 Sold
Premium
Sold
Apr 24, 2009 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2010
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 12
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 380
  • Parking Space Count: 1
  • Patio Type: 69
  • Porch Type: 126
  • Pool Type: 8
  • Location Influence Type: 235

    Dimensions

  • Lot Size Square Feet: 8,276
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 700
  • Total Building Area: 4,599
  • Gross Building Area: 4,599
  • Building Area: 3,686
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,686
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OAK GROVE AT WEST MELBOURNE PHASE 1
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: OAK GROVE AT WEST MELBOURNE PHASE 1 LOT 15

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 065022

Zoning

  • Zoning: RA

Geography

  • Assessors Map Reference: MB 49 PG 18
  • Account Number: 2860054
  • Subdivision Phase Number: 1
  • Parcel: 28-37-17-25-00000.0-0015.00
  • Lot: 15
  • Meridian: SEC 17 TWN 28S RNG 37E
  • Municipality: WEST MELBOURNE
  • Latitude: 28.0558
  • Longitude: -80.6531

    Address

  • Full Address: 985 Bryce Ln
  • Address - House Number: 985
  • Address - Street Name: Bryce
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Melbourne
  • Carrier Code: C041
  • 4-Digit Zip Code: 8717
  • Zip Code: 32904

Valuation

    Tax

  • Total Area: 4,047
  • Tax Year: 2022
  • Tax Amount: $326,393
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 34V0

    Appraisal Valuation

  • Standard Deviation: 0.1809
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 76
  • Final Value: 620,122
  • High Value: 732,326
  • Low Value: 507,918

    Market Valuation

  • Market Total Value: $445,570

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $253,010

    Sales

  • Current Sale Contract Date: May 21, 2009
  • Current Sale Recording Date: Jun 19, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2009110106
  • Previous Sale Recording Date: Apr 24, 2009
  • Previous Sale Contract Date: Apr 08, 2009
  • Previous Sale Amount: $228,000
  • 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 Oak Grove at West Melbourne

Stats & Trends

Median Asking:

$509,950

Sale Price/ft²

$229

Below Asking

0.02%

Average Days on Market

62

Average Home Size

1995 ft²

Average Home Age

22 years

Currently For Sale

2 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 1421 Tamango Drive, West Melbourne, FL, 32904

$3,200 /mo

  • 4 Beds
  • 2 Baths
  • 2,252 ft²
1421 Tamango Drive, West Melbourne, FL, 32904 Listing by Melissa Joeliz Lussier
Unit for rent at 1001 Hollister Drive, West Melbourne, FL, 32904

$3,100 /mo

  • 4 Beds
  • 2 Baths
  • 2,784 ft²
1001 Hollister Drive, West Melbourne, FL, 32904 Listing by Annette M Braly

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Joseph One, One's Real Estate
Last Updated: 6 months ago
Data Source: Space Coast MLS, MLS# 1040190
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 985 Bryce Lane built and last sold?
The property at 985 Bryce Lane was built in 2003 and last sold on May 21, 2009 for $213,500.
How much is this home worth?
The estimated value of the home located at 985 Bryce Lane is $0.
What are some comparable homes to 985 Bryce Lane?
There are currently no comparable homes to 985 Bryce Lane.
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