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Cocoa West 32922 Cocoa Palms
220 Grace Avenue
$71,000
● House - Off Market

220 Grace Avenue

Cocoa, FL 32922
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,044 Ft²
$110,495
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model

About This Property

INVESTOR ALERT!!  This 4/2 needs some TLC to get back to it's full potential. Situated at the end of a street for some privacy.  Prior to moving out, owner was renting to a Section 8 tenant for $1,200/month.  Potential to fix/flip with comparable houses in the area going 115-120K.  Cash only sale.  Being sold As-Is, Where-Is with no repairs being made.
Unit Size
1,044 Ft²
Days on Market
28 days
Land Size
0.25 acres
Price per sqft
$72
Property Type
House
Property Taxes
$78
HOA Dues
-
Year Built
1952

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 5 months ago (Space Coast MLS #842820)

Price History

Date / Event Date Event Price
May 22, 2019 Sold
Premium
Sold
Apr 19, 2019 Listed by ITG Realty $74,900
Listed by ITG Realty
Sep 10, 2012 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1993
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 10
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 15
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 10,890
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 675
  • Total Building Area: 1,104
  • Gross Building Area: 1,104
  • Building Area: 1,044
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 5
  • Heating: 7
  • Heated Square Feet: 1,044
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COCOA PALMS SUBD
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: COCOA PALMS SUBD LOT 19 & VAC 30 FT STRIP OF LAND ON S

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 062600

Zoning

  • Zoning: RU1

Geography

  • Assessors Map Reference: 179
  • Account Number: 2424716
  • Parcel: 24-36-32-50-00000.0-0019.00
  • Lot: 19
  • Meridian: SEC 32 TWN 24S RNG 36E
  • Municipality: UNINCORP DISTRICT 2
  • Latitude: 28.3522
  • Longitude: -80.7521

    Address

  • Full Address: 220 Grace Ave
  • Address - House Number: 220
  • Address - Street Name: Grace
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Cocoa
  • Carrier Code: C008
  • 4-Digit Zip Code: 6125
  • Zip Code: 32922

Valuation

    Tax

  • Total Area: 1,068
  • Tax Year: 2022
  • Tax Amount: $128,228
  • Tax Rate Code Area: 2300

    Appraisal Valuation

  • Standard Deviation: 0.2078
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 71
  • Final Value: 128,371
  • High Value: 155,054
  • Low Value: 101,688

    Market Valuation

  • Market Total Value: $70,540

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $70,540

    Sales

  • Current Sale Contract Date: May 17, 2019
  • Current Sale Recording Date: May 22, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 2019110264
  • Previous Sale Recording Date: Sep 10, 2012
  • Previous Sale Contract Date: Sep 07, 2012
  • Previous Sale Amount: $28,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Cocoa Palms

Stats & Trends

Median Asking:

$199,000

Sale Price/ft²

$203

Below Asking

0.08%

Average Days on Market

120

Average Home Size

966 ft²

Average Home Age

71.3 years

Currently For Sale

0 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 19 Travis Street, Cocoa, FL, 32922

$3,100 /mo

  • 4 Beds
  • 2 Baths
  • 2,264 ft²
19 Travis Street #101, Cocoa, FL, 32922 Listing by Dawn Capehart

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Nathan Doyle, ITG Realty
Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 842820
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.

Frequently Asked Questions

When was property at 220 Grace Avenue built and last sold?
The property at 220 Grace Avenue was built in 1952 and last sold on May 17, 2019 for $71,000.
How much is this home worth?
The estimated value of the home located at 220 Grace Avenue is $75,391.
What are some comparable homes to 220 Grace Avenue?
There are currently no comparable homes to 220 Grace Avenue.
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