33
Map
$169,900
●
House -
Off Market
1961 Academy Street NE
Palm Bay, FL 32905
3 Beds
2 Baths
1,665 Ft²
$254,142
RealtyHop Estimate
49.58%
Since Apr 1, 2019
National-US
Primary Model
About This Property
This home has so much to offer at an
affordable price. Concrete Block home with City Water and Sewer. New (2018) 30 year Architectural Shingle Roof.
Tile and Hardwood Flooring throughout.
Enormous family room with Vaulted Ceilings & Wood Burning Fireplace. Lots of closets for storage. Spacious fenced yard with plenty of room for a pool. Side gate with room for a Boat or RV. Hurricane Shutters. All this on a quiet street with well maintained homes.
For Outdoor Fun, Turkey Creek Sanctuary, with 130 acres of nature at is best, is with in minutes, offering Canoe/Kayak Launch & Hiking Trails.
affordable price. Concrete Block home with City Water and Sewer. New (2018) 30 year Architectural Shingle Roof.
Tile and Hardwood Flooring throughout.
Enormous family room with Vaulted Ceilings & Wood Burning Fireplace. Lots of closets for storage. Spacious fenced yard with plenty of room for a pool. Side gate with room for a Boat or RV. Hurricane Shutters. All this on a quiet street with well maintained homes.
For Outdoor Fun, Turkey Creek Sanctuary, with 130 acres of nature at is best, is with in minutes, offering Canoe/Kayak Launch & Hiking Trails.
Unit Size
1,665 Ft²
Days on Market
32 days
Land Size
0.23 acres
Price per sqft
$102
Property Type
House
Property Taxes
$60
HOA Dues
-
Year Built
1980
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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: 4 months ago (Space Coast MLS #831542)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 16, 2025 | In contract | - | |
| In contract | |||
| Aug 14, 2025 | Listed | $265,000 | |
| Listed | |||
| | |||
|
Priced to sell, well below the appraisal value! Down payment assistance, interest rate buy-down, and creative financing available.
This beautifully renovated, move-in ready home offers the perfect blend of comfort, convenience, and value. Inside, you'll find brand new flooring, fresh paint, a fully updated kitchen with all-new appliances, and stylishly modernized bathrooms. Upgrades include a new A/C unit, water heater, and electrical panel for added peace of mind. Accordion storm shutters on the front and patio doors provide extra protection. The spacious living room features a charming fireplace — ideal for cozy nights in.
Step outside to a fully fenced yard, perfect for relaxing or entertaining guests. Situated in a city water city sewer lot, this home is just 10 minutes from shopping, dining, offices, and I-95.
| |||
| Jul 14, 2025 | In contract | - | |
| In contract | |||
| Jul 1, 2025 | Listed | $280,000 | |
| Listed | |||
| | |||
|
NO HOA! This beautifully renovated, move-in ready home offers the perfect blend of comfort, convenience, and value. Inside, you'll find brand new flooring, fresh interior and exterior paint, a fully updated kitchen with all-new appliances, and stylishly modernized bathrooms. Upgrades include a new A/C unit, water heater, and electrical panel for added peace of mind and energy efficiency. Accordion storm shutters on the front and patio doors provide extra protection. The spacious living room features a charming fireplace — ideal for cozy nights in.
Step outside to a covered back porch overlooking a fully fenced yard, perfect for relaxing or entertaining guests. Situated in a city water community with paved roads, this home is just 10 minutes from shopping, dining, offices, and I-95.
Located in a sought-after Palm Bay neighborhood and priced to sell — don't miss your chance to own this move-in ready gem!
| |||
| Jun 12, 2025 | Listed | $280,000 | |
| Listed | |||
| | |||
|
This beautifully renovated home combines comfort, convenience, and affordability in one perfect package. Enjoy brand-new flooring, fresh interior and exterior paint, updated bathrooms, a modern kitchen with all-new appliances, a new AC, new water heater, and newer electrical panel. Front and patio doors feature an accordion storm shutter.
Cozy up in the spacious living area featuring a charming fireplace, perfect for creating a warm and inviting atmosphere on cooler evenings.
Step outside to overlook a fully fenced backyard — ideal for relaxing and enjoying the Florida breeze. Located in a city water community with paved roads, this home is centrally situated in Palm Bay, just 10 minutes from shopping, dining, offices, and I-95.
Priced to sell — don't miss out on this updated gem in a high-demand non-HOA neighborhood!
| |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Port Malabar
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Listed by: Janet Rochester, RE/MAX Aerospace Realty
Last Updated: 4 months ago
Data Source: Space Coast MLS, MLS# 831542
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.
Last Updated: 4 months ago
Data Source: Space Coast MLS, MLS# 831542
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