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Brevard 32927 Canaveral Groves
4860 Areca Palm Street
$240,000
● House - Off Market

4860 Areca Palm Street

Cocoa, FL 32927
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,637 Ft²
$409,877
RealtyHop Estimate
70.78%
Since Jun 1, 2016
National-US
Primary Model

About This Property

The only one available on the lake.  Fantastic opportunity to own over 1 acre of land on water, and your own private dock.  Palm trees line the driveway as you approach the home which gives such a welcoming feeling as you arrive.  The entire property is fenced for privacy.  The detached garage in the rear has a workshop for all your tools.  The property is perfect for a garden.  The home is split plan, open floor plan as well. Spacious kitchen and large master suite, with large master bath, jetted tub, water closet, and walk in closet.  On a cul de sac for privacy. Roof is about 5 years old, new ac, and brand new carpet make this a great deal.  Come see this home today.
Unit Size
1,637 Ft²
Days on Market
87 days
Land Size
1.08 acres
Price per sqft
$147
Property Type
House
Property Taxes
$165
HOA Dues
-
Year Built
1993

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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: 6 months ago (Space Coast MLS #746116)

Price History

Date / Event Date Event Price
Jun 6, 2016 Sold
Premium
Sold
Feb 6, 2016 Listed by Keller Williams Realty Brevard $240,000
Listed by Keller Williams Realty Brevard
Nov 5, 2015 Sold
Premium
Sold
Oct 9, 2015 Listed by Keller Williams Realty Brevard $230,000
Listed by Keller Williams Realty Brevard

Property Highlights

Garage
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 2010
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • 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: 1
  • Garage Square Area: 650
  • Parking Space Count: 2
  • Patio Type: 38
  • Porch Type: 35
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 47,045
  • Lot Size Depth Feet: 3,000
  • Lot Size Frontage Feet: 1,570
  • Total Building Area: 2,467
  • Gross Building Area: 2,467
  • Building Area: 1,637
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,637
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CANAVERAL GROVES SUB
  • Land Acres: 0000001080
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: CANAVERAL GROVES SUBD SB 2 PG 55 LOT 18 BLK 19

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 071202

Zoning

  • Zoning: GU

Geography

  • Assessors Map Reference: 104G
  • Account Number: 2314136
  • Subdivision Tract Number: 18
  • Parcel: 23-35-33-01-00019.0-0018.00
  • Block: 19
  • Lot: 18
  • Meridian: SEC 33 TWN 23S RNG 35E
  • Municipality: UNINCORP DISTRICT 1
  • Latitude: 28.4335
  • Longitude: -80.8243

    Address

  • Full Address: 4860 Areca Palm St
  • Address - House Number: 4860
  • Address - Street Name: Areca Palm
  • Address - Suffix Type: St
  • State: FL
  • City Name: Cocoa
  • Carrier Code: R018
  • 4-Digit Zip Code: 2032
  • Zip Code: 32927

Valuation

    Tax

  • Total Area: 2,086
  • Tax Year: 2022
  • Tax Amount: $288,988
  • Tax Rate Code Area: 1900

    Appraisal Valuation

  • Standard Deviation: 0.1984
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 73
  • Final Value: 471,373
  • High Value: 564,912
  • Low Value: 377,834

    Market Valuation

  • Market Total Value: $325,170

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $223,340

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 20, 2016
  • Current Sale Recording Date: Jun 06, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016107160
  • Previous Sale Recording Date: Nov 05, 2015
  • Previous Sale Contract Date: Nov 03, 2015
  • Previous Sale Amount: $225,000
  • 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 Canaveral Groves

Stats & Trends

Median Asking:

$539,500

Sale Price/ft²

$272

Below Asking

0.01%

Average Days on Market

56

Average Home Size

1853 ft²

Average Home Age

26.1 years

Currently For Sale

8 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

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SpaceCoast

Listed by: Lynda Austin, Keller Williams Realty Brevard
Last Updated: 6 months ago
Data Source: Space Coast MLS, MLS# 746116
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 4860 Areca Palm Street built and last sold?
The property at 4860 Areca Palm Street was built in 1993 and last sold on May 20, 2016 for $240,000.
How much is this home worth?
The estimated value of the home located at 4860 Areca Palm Street is $253,176.
What are some comparable homes to 4860 Areca Palm Street?
There are currently no comparable homes to 4860 Areca Palm Street.
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