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Cocoa West 32926 Palm Estates
2505 N Palm Drive N
$154,000
● House - Off Market

2505 N Palm Drive N

Cocoa, FL 32926
bedrooms
4 Beds
bathrooms
2 Baths
$226,713
RealtyHop Estimate
46.27%
Since Jan 1, 2020
National-US
Primary Model

About This Property

WELCOME HOME!! This BEAUTIFULLY done home features 4 bedrooms, 2 baths and an open split floor plan. Additionally a large master bedroom complete with WALK-IN CLOSET and private master bath.  Enjoy the view from the master bedroom overlooking the private deck and expansive wooded back yard. This home is perfect for entertaining and the over-sized lot provides ample space for boat and/or RV parking. The  kitichen and bathroom have been updated and the floors have been replaced through out the home new doors and paint was done as well.
Unit Size
-
Days on Market
-
Land Size
0.30 acres
Price per sqft
-
Property Type
House
Property Taxes
$131
HOA Dues
-
Year Built
1981

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Cap Rate Calculator

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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: 3 years ago (Space Coast MLS #849343)

Price History

Date / Event Date Event Price
Jan 9, 2020 Sold
Premium
Sold
Jul 1, 2019 Listed by Keller Williams Realty Brevard $155,000
Listed by Keller Williams Realty Brevard
Jul 18, 2018 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 10
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 19
  • 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: 38
  • Porch Type: 77
  • Pool Type: 0
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 13,068
  • Lot Size Depth Feet: 1,420
  • Lot Size Frontage Feet: 920
  • Total Building Area: 1,444
  • Gross Building Area: 1,444
  • Building Area: 1,444
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,444
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PALM ESTATES UNREC
  • Land Acres: 0000000300
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: PALM ESTATES UNREC PART OF SE 1/4 OF NE 1/4 AS DES IN ORB 113 PG 581 KNOWN AS LOT 1 BLK 2 EX RD R/W PALM ESTS. UNRECD

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 062402

Zoning

  • Zoning: RU19

Geography

  • Assessors Map Reference: 166
  • Account Number: 2407680
  • Parcel: 24-35-25-01-00002.0-0001.00
  • Block: 2
  • Lot: 1
  • Meridian: SEC 25 TWN 24S RNG 35E
  • Municipality: UNINCORP DISTRICT 2
  • Latitude: 28.3695
  • Longitude: -80.7717

    Address

  • Full Address: 2505 N Palm Dr
  • Address - House Number: 2505
  • Street Direction: N
  • Address - Street Name: Palm
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Cocoa
  • Carrier Code: C013
  • 4-Digit Zip Code: 4320
  • Zip Code: 32926

Valuation

    Tax

  • Total Area: 1,444
  • Tax Year: 2022
  • Tax Amount: $157,883
  • Tax Rate Code Area: 2300

    Appraisal Valuation

  • Standard Deviation: 0.22
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 69
  • Final Value: 251,222
  • High Value: 306,494
  • Low Value: 195,950

    Market Valuation

  • Market Total Value: $143,270

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $121,310

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 30, 2019
  • Current Sale Recording Date: Jan 09, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020006256
  • Previous Sale Recording Date: Jul 18, 2018
  • Previous Sale Contract Date: Jul 11, 2018
  • Previous Sale Amount: $50,000
  • Previous Sale Document Type: 71
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 Palm Estates

Stats & Trends

Median Asking:

$239,900

Sale Price/ft²

$234

Above Asking

0.00%

Average Days on Market

11

Average Home Size

1024 ft²

Average Home Age

79 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 966 Trinity Street, Rockledge, FL, 32955

$3,150 /mo

  • 5 Beds
  • 3 Baths
  • 2,466 ft²
966 Trinity Street, Rockledge, FL, 32955 Listing by Melissa Joeliz Lussier

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Michael Hughes, Keller Williams Realty Brevard
Last Updated: 3 years ago
Data Source: Space Coast MLS, MLS# 849343
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 2505 North Palm Drive built and last sold?
The property at 2505 North Palm Drive was built in 1981 and last sold on Dec 30, 2019 for $154,000.
How much is this home worth?
The estimated value of the home located at 2505 North Palm Drive is $0.
What are some comparable homes to 2505 North Palm Drive?
There are currently no comparable homes to 2505 North Palm Drive.
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