For SaleRisky Deal1 days on market
3461 Sparrow Ct
3461 Sparrow Ct, Melbourne, FL 32935, Melbourne, FL 32935
$295,900
Estimate®:$284,600
Listing Price
3461 Sparrow Ct, Melbourne, FL 32935
Loc: Melbourne, FL
Days Listed
1
Tax Assessed
$233k
Estimate®
$285k
Market Rate
Lot Size
3,485 sqft
Rent Estimate
$1,654/mo
Est. Cash Flow base
Type
townhouse
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
3
Dr. W.J. Creel Elementary School
PK-7
1.5 mi away
4
Eau Gallie High School
PK,9-12
2 mi away
4
Lyndon B. Johnson Middle School
7-8
1.4 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
ranch stylestucco exteriorsingle-storycovered entrywaylow-pitched roofwood trimstorm doorlandscaped gardencactus plantsmulched flower bedsuburbancozywell-maintainedasphalt shingle roof
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
3.78%
Total ROI
41.1%
Cash Flow
$-602/mo
DSCR
0.61
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-602/mo net cash flow with a 3.8% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Melbourne, FL
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-23 | Listed for sale | $295,900 | $260 |
| 2023-04-25 | Sold | $290,000 | $255 |
| 2023-03-09 | Contingent | $295,900 | $260 |
| 2023-03-07 | Price change | $295,900 | $260 |
| 2023-01-13 | Listed for sale | $299,900 | $264 |
| 2022-04-01 | Sold | $280,000 | $246 |
| 2022-03-19 | Contingent | $269,000 | $237 |
| 2022-03-16 | Listed for sale | $269,000 | $237 |
| 2018-08-24 | Sold | $185,000 | $163 |
| 2018-07-24 | Pending sale | $200,000 | $176 |
| 2018-07-19 | Listed for sale | $200,000 | $176 |
| 2016-12-22 | Sold | $110,000 | $97 |
| 2016-11-16 | Listed for sale | $134,900 | $119 |
| 2016-11-15 | Pending sale | $134,900 | $119 |
| 2016-11-03 | Price change | $134,900 | $119 |
| 2016-10-18 | Listed for sale | $139,900 | $123 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $3,398.79 | $233,460 |
| 2024 | $3,220.69 | $227,370 |
| 2023 | $4,145.99 | $232,450 |
| 2022 | $1,751.73 | $139,450 |
| 2021 | $1,763.6 | $135,390 |
| 2020 | $1,741.02 | $133,530 |
| 2019 | $2,027.08 | $145,430 |
| 2018 | $2,027.08 | $134,140 |
| 2017 | $1,853.38 | $104,480 |
| 2016 | $2,143.13 | $67,720 |
| 2015 | $723.58 | $67,250 |
| 2014 | $735.38 | $66,720 |
| 2013 | $0 | $71,140 |
| 2012 | $668.47 | $64,650 |
| 2011 | $699.29 | $68,310 |
| 2010 | $707.97 | $82,670 |
| 2008 | $631.53 | $123,700 |
| 2007 | $830.27 | $128,400 |
| 2005 | $806.62 | $101,510 |
| 2004 | $810.44 | $75,460 |
| 2003 | $813.08 | $71,160 |
| 2002 | $771.81 | $66,300 |
| 2001 | $746.22 | $65,560 |
| 2000 | $693.73 | $58,030 |
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