717 Spanish Moss Ct, Melbourne Beach

Usage

Single Family

Address:

717 Spanish Moss Ct
Melbourne Beach
FL 32951

Property Size:2,531 sq ft
Acreage:0.10
Bedrooms:3.00
Bathrooms:2.50
Year Built:2006
Property Class:A5
Latitude:27.927
Longitude:-80.488

Not Offered for Sale

Our records indicate this property is not currently for sale but we may be able to find something similar. Contact us for details.

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Visulate is a real estate brokerage based in Merrit Island, Florida. We have assembled a database with details of every property in Florida. Finding the property on our site does not necessarily mean it is for sale or rent at this time.

Contact us if you want to buy or sell real estate in Melbourne Beach:

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Brevard County, Florida

Brevard County in located in the East Central Florida region. Top industries for Brevard County include technology, tourism, agriculture, and other service businesses. The Kennedy Space Center is located in Brevard County and provides many jobs for the area as well as acts as a popular tourist destination. Other tourist attractions in Brevard County include Port Canaveral, one of the busiest cruise ports in the world, and Cocoa Beach.

In 2010 and 2011, the Brookings Institution reported that Brevard ranked in the bottom fifth of the nation's top metro areas, based on unemployment, gross metropolitan product, housing prices and foreclosed properties. In 2011, the county was rated the 6th worst in the nation for foreclosures. Top public sector employers for Brevard County are Brevard County School Board, Brevard County Board of County Commissioners, NASA, and US Department of Defense. Private sector employers include Harris Corporation, Health First, Inc, United Space Alliance, Wuesthoff Health System, and Northrop Grumman Corporation. ..more


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Links

  1. 717 Spanish Moss Ct, Melbourne Beach, FL on Zillow
  2. Recent Sales near 717 Spanish Moss Ct, Melbourne Beach, FL on Realtor.com
  3. 717 Spanish Moss Ct, Melbourne Beach, FL on Google Maps
  4. Melbourne Beach, FL Property Values on Trulia
  5. Demographic Data for Zipcode 32951 from City-Data.com
  6. Melbourne Beach Demographics from City-Data.com
  7. Phone numbers and opening hours for businesses in the 32951 Zipcode

Documents

  1. 717 Spanish Moss Ct Building Footprint

Buildings

BuildingYear BuiltSizeUsageFeatures
Building 1 2006 2,531.00 1/2 Duplex Used As Sfr Stucco Exterior, Masonry Concete Frame, Wood Frame, Cem/Cly/Mtl Tile Roof, Hip/Gable Roof, Garage, Pool,

Owner Details

Companies near this Address

  1. Blossom Ridge Developers, LLC (245 Beverly Ct)
  2. Bernyk Builders, Inc. (245 Beverly Ct)
  3. Sunnyland Beach Property Owners, Inc. (63 Mohican Way)
  4. South Brevard Water Co-Op, Inc. (41 Mohican Way)
  5. Castle Safe Corp. (7383 Stuart Ave)

Sales History

DateSold BySold ToDeed TypePrice
05/04/2009 Seller: 197316 Buyer: 262858 Warranty Deed/Special Warranty Deed 267,500.00

Brevard County Real Estate - Grant

Grant-Valkaria is a town located south of Melbourne in Brevard County, Florida. Grant was originally established in 1925 as a fishing village, and since 1966, the city has held an annual Grant Seafood Festival. The revenues collected through the seafood festival go back into the community through college scholarships and summer break activities for the local children. Originally two separate communities, Grant and Valkaria were joined in July of 2006 to create the single Incorporated Town of Grant-Valkaria.

Grant is in East Central Florida. Grant is approximately 46 miles from Port Saint Lucie (population 164,603) and around 8 miles from Palm Bay (population 103,190).

Grant links:

Local Household Income

The median household income in this part of Florida is $74,534. The bottom 10% of the population earn less than $25,152 per year. The top 10% earn more than $195,980 per year. The top 1% earn more than $619,699 per year. Most renters earn between $34,104 (20th percentile) and $64,128 (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 $975. Most renters earn between $2,842 and $5,344 per month. They typically spend 30% of their monthly income on rent. Most rents fall in the $723 (20th percentile) to $1,390 (80th percentile) range. The residential vacancy rate is 11%.

Estimated Value: 717 Spanish Moss Ct

Market Data

In 2013 class A single family properties in Melbourne Beach sold for $180.10 to 610.52 per sq ft with a median price per sq ft of $212.55. Class B properties sold for $121.96 to 180.09 per sq ft with a median of $149.72 and class C properties sold for $28.20 to 121.95 per sq ft with a median of $111.33.

Market Valuation

717 Spanish Moss Ct appears to be an A Class property. Suggested value: $537,964

HighMedianLow
Value1,545,226 537,964 455,833

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $171,833. 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 717 Spanish Moss Ct:

  • The Household Income estimate assumes the tenant has a total household income of $133,251 and spends 30% 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 $3,331
Household Income - Renters $1,678
Market Rents $1,455
Price/Ft $2,999

Expense Estimates:

  • Census data records show 11% 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 717 Spanish Moss Ct. 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 Rent2,014
Annual Rent per Sq Ft10.00
Gross Annual Rent24,168
Vacancies and Bad Debt16%
Vacancies and Bad Debt Amount3,867
Maintenance1,316
HOA, Utilities and CAM0
Property Taxes3,603
Insurance2,655
Management Fees2,417
NOI10,310
Cap Rate6
Estimated Value171,833
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.

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.