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56 Piney Branch Way

West Melbourne, FL 32904

2 bd 3 ba 1,288 sqft Built 2005 townhomes
Most recent sale
$258,000
Apr 8, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Apr 8, 2022 Sold $258,000 MLS #928639
Mar 4, 2022 Listed $259,900 MLS #928639
Apr 28, 2021 Sold $186,500 MLS #900179
Aug 11, 2020 Sold $132,000 Public Record
Dec 30, 2005 Sold $159,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $131,270 $60,000 $191,270 $2,850
2024 $131,270 $60,000 $191,270 $2,900
2023 $116,760 $70,000 $186,760 $2,743
2022 $104,830 $55,000 $159,830 $2,311
2021 $74,630 $35,000 $109,630 $1,814
2020 $101,180 $1,723
2019 $91,990 $1,700
2018 $74,010 $35,000 $109,010 $1,668
2017 $67,120 $27,500 $94,620 $1,531
2016 $69,360 $12,500 $81,860 $1,433
2015 $62,840 $1,362
2014 $57,130 $1,224
2013 $51,940 $1,127
2012 $51,830 $944
2011 $52,490 $956
2010 $65,000 $1,108
2009 $81,530 $1,327
2008 $117,000 $1,836

Property facts

Year built
2005
Property type
townhomes
Stories
2
Beds
2
Baths
3
Living area
1,288 sqft
Lot size
ZIP code
32904
City
West Melbourne
Street
Piney Branch Way
Coordinates
28.08190, -80.64501

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$2,383
Gross rental yield
11.08%
Implied cap rate
7.20%
Trend-extrapolated value

Frequently asked questions

When did 56 Piney Branch Way last sell?
56 Piney Branch Way most recently sold on Apr 8, 2022 for $258,000.
What is the current tax assessment for 56 Piney Branch Way?
The most recent total assessment for 56 Piney Branch Way (year 2025) is $191,270 with $2,850 in property tax.
How does 56 Piney Branch Way's assessment compare to its last sale price?
The current assessment is 25.9% below the last sale price of $258,000.
When was 56 Piney Branch Way built?
56 Piney Branch Way was built in 2005.
How does 56 Piney Branch Way compare to others on Piney Branch Way?
We track 8 other properties on Piney Branch Way. Browse the list under "Other properties on Piney Branch Way" to compare beds, baths, and sale history.
What are the property facts for 56 Piney Branch Way?
56 Piney Branch Way is a 2 bed, 3 bath, 1,288 sqft townhomes.
Is 56 Piney Branch Way a flip candidate?
Yes — 56 Piney Branch Way appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 56 Piney Branch Way a tax-appeal candidate?
No — 56 Piney Branch Way is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+2.3%
Implied 1-yr
+9.1%
2026 Q3
$468.9K
2026 Q4
$478.2K
ZIP 32904 — Median Price History + Forecast

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