2212 Woodfield Cir, West Melbourne - $239,900

Usage

Single Family

Address:

2212 Woodfield Cir
West Melbourne
FL 32904

Property Size:2,193 sq ft
Acreage:0.21
Bedrooms:3.00
Bathrooms:2.50
Year Built:2004
Property Class:B4
Latitude:28.071
Longitude:-80.664

For Sale - 2212 Woodfield Cir, $239,900

3 bedroom 2.10 bath 2,193 Sq Ft

YOUR FAMILY will feel right at home in this magnificent 3 bedroom, 2.5 bath custom built home also has a bonus room which could be a 4th bedroom. Enjoy the spacious living, dining and family rooms with the spectacular view of the lake. Wood and tile flooring throughout the home. Eat-in kitchen which includes a large breakfast bar. Master bath offers double sinks, walk in shower plus jetted tub. Conveniently located within walking distance of A rated elementary school and middle schools. Community features included playground and pool. This is a Fannie Mae HomePath property, Purchase this property for as little as 5 % down. This property is approved for HomePath Mortgage and HomePath Renovation Mortgage Financing.

Bedrooms3
Full Bathrooms2.10
Half Bathrooms1
Finance OptionsCash,Will Consider VA,Will Consider FHA,Conventional
MLS Number699816
HOA amount430.00
HOA periodYearly
HOA IncludesCommon Taxes,Security,Reserve Fund
Last Updated09/02/2014 01:32am


Contact Sue for additional details
  • Email:
  • Phone: (321) 453 7389
  • Property ID: 344579

Please quote reference number: 344579 when you call or email


Listing provided by Tropic Coast Realty. Copyright 2014 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved.

Estimated Value: 2212 Woodfield Cir

Market Data

In 2013 class A single family properties in West Melbourne sold for $99.38 to 260.42 per sq ft with a median price per sq ft of $113.33. Class B properties sold for $58.51 to 99.37 per sq ft with a median of $80.55 and class C properties sold for $10.83 to 58.50 per sq ft with a median of $49.47.

Market Valuation

2212 Woodfield Cir appears to be a B Class property. Suggested value: $175,668

HighMedianLow
Value216,712 175,668 127,602

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $138,800. Details of how we produced this estimate value appear below:

The income value of a property identifies its value as a rental property, Value = Rent - Expenses / Cap Rate. The following table shows four different rent estimates for 2212 Woodfield Cir:

  • The Household Income estimate assumes the tenant has a total household income of $152,735 and spends 32% of this on rent. The household income estimate is derived from census data and tax records.
  • The Household Income - Renters estimate performs a similar calculation based on the household income of renters rather than all households.
  • The Market Rents estimate evaluates this property in comparison to rental properties in the area.
  • The Price/Ft estimate uses the size of the property to estimate its rent.

Click on a rent value to download a spreadsheet that estimates the NOI (net operating income), cash on cash return, income value and IRR (internal rate of return) for this property.

Valuation ModelMonthly Rent
Household Income - All Households $4,073
Household Income - Renters $1,912
Market Rents $1,774
Price/Ft $2,198

Expense Estimates:

  • Census data records show 10% of the rental properties in this area are vacant. We've added a 5% bad dept allowance to this.
  • Maintenance costs are estimated based on the size of the property.
  • The property tax estimate uses the average millage rate for the county. It does not include adjustments for city or unincorporated areas. Actual taxes may vary.
  • Insurance estimates are based on the size and location of the property. They are not adjusted for age, flood zone or other risk factors
  • We don't have a way to estimate HOA fees. These should be added manually

The following table shows a income valuation estimate for 2212 Woodfield Cir. Download a spreadsheet or click on the Estimate Cashflow link to change its estimates and assumptions. Alternatively, click on the Save button to upload a copy of the spreadsheet to Google Drive.

Amount
Monthly Rent1,774
Annual Rent per Sq Ft10.00
Gross Annual Rent21,292
Vacancies and Bad Debt15%
Vacancies and Bad Debt Amount3,194
Maintenance1,140
HOA, Utilities and CAM0
Property Taxes3,401
Insurance1,712
Management Fees2,129
NOI9,716
Cap Rate7
Estimated Value138,800
Edit Values and Estimate Cashflow Estimate Cashflow
Save to Google Drive (Google login required)

Page 1 of 2. Click on the Estimate Cashflow link to navigate to Page 2.

Brevard County, Florida

Brevard County is in East Central Florida. The main cities in Brevard County are Palm Bay (population 103,190), Melbourne (population 76,068) and Titusville (population 43,761)


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[Tax Record]
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Search County Property Tax and Court Records

Select a county from the list then click on the links to connect to the Property Appraiser or Clerk of Courts website

Local Household Income

The median household income in this part of Florida is $67,279. The bottom 10% of the population earn less than $24,030 per year. The top 10% earn more than $152,735 per year. The top 1% earn more than $513,532 per year. Most renters earn between $30,756 (20th percentile) and $53,772 (80th percentile) per year.

Source: US Census American Community Survey - 2007-2011 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $880. Most renters earn between $2,563 and $4,481 per month. They typically spend 32% of their monthly income on rent. Most rents fall in the $615 (20th percentile) to $1,188 (80th percentile) range. The residential vacancy rate is 10%.

Links

  1. 2212 Woodfield Cir, West Melbourne, FL on Zillow
  2. Recent Sales near 2212 Woodfield Cir, West Melbourne, FL on Realtor.com
  3. 2212 Woodfield Cir, West Melbourne, FL on Google Maps
  4. West Melbourne, FL Property Values on Trulia
  5. Demographic Data for Zipcode 32904 from City-Data.com
  6. West Melbourne Demographics from City-Data.com
  7. Phone numbers and opening hours for businesses in the 32904 Zipcode

Documents

  1. 2212 Woodfield Cir Building Footprint

Buildings

BuildingYear BuiltSizeUsageFeatures
Building 1 2004 2,193.00 Single Family Residence Stucco Exterior, Masonry Concete Frame, Asph/Asb Shngl Roof, Hip/Gable Roof, Garage,

Owner Details

Companies near this Address

  1. Yanko-Skouras, Inc. (2431 Windchaser Ct)
  2. Yanko Business Services LLC (2431 Windchaser Ct)
  3. Mobile Mania LLC (2431 Windchaser Ct)
  4. Yc Wireless, LLC (2431 Windchaser Ct)
  5. Jemy Wireless LLC (2431 Windchaser Ct)
  6. Aviation Metrics Consulting, Inc. (2263 Woodfield Cir)

Sales History

DateSold BySold ToDeed TypePrice
03/27/2004 Seller: 45856 Buyer: 678920 Warranty Deed/Special Warranty Deed 58,000.00
10/26/2007 Seller: 678920 Buyer: 201937 Warranty Deed/Special Warranty Deed 310,000.00
Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

The Visulate site was produced from data and information compiled from recorded documents and/or outside public and private sources. Visulate is not the custodian of public records and does not assume responsibility for errors or omissions in the data it displays or for its misuse by any individual.

In the event of either error or omission, Visulate and any 3rd party data provider shall be held harmless from any damages arising from the use of records displayed on the site.

MLS Data

Visulate participates in My Flordia Regional, South East Florida MLS and the Brevard County Broker Reciprocity programs, allowing us to display other broker's listings on our site. Listing data supplied by other brokers is deemed reliable but not guaranteed. It is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties to buy, lease or rent.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Programs of My Flordia Regional, South East Florida MLS and Brevard County, Florida. Real estate listings held by brokerage firms other than Visulate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.