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Brevard 32926 Canaveral Groves
5000 Palm Avenue
$324,000
● House - Off Market

5000 Palm Avenue

Cocoa, FL 32926
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,636 Ft²
$491,730
RealtyHop Estimate
51.77%
Since Dec 1, 2018
National-US
Primary Model

About This Property

Magnificent Custom Built 3/2 Brick home located in Canaveral Groves on 2 Acres! Enormous Great Room w/ Vaulted Ceilings, Tile Floor, Fireplace & Dual Paddle Fans, perfect for entertaining. The Kitchen is truly the heart of this home, with Plenty of Cabinetry, Island Wrap Around Bar, Eat in Dinette Area & breakfast nook looking into the HUGE Family Room w/Vaulted Ceiling & Dual Paddle Fans leading to the enclosed patio. Master Suite is located thru the French Doors, featuring WIC w/plenty of shelving, Carpet  & Paddle Fan. Bed 2 features carpet, dual closets & Paddle Fan; Bed 3 is oversized w/Carpet, Paddle fan & Exterior door to the Patio. Laundry Room, Oversized 2 Car Garage, Complete w/Mature Orange, Avocado, Guava & Japanese Plum Trees, this one won't last long! Call today!!!
Unit Size
2,636 Ft²
Days on Market
27 days
Land Size
2.00 acres
Price per sqft
$123
Property Type
House
Property Taxes
$219
HOA Dues
-
Year Built
2004

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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: 5 months ago (Space Coast MLS #826659)

Price History

Date / Event Date Event Price
Nov 6, 2018 Sold
Premium
Sold
Oct 9, 2018 Listed by RE/MAX Elite $324,000
Listed by RE/MAX Elite

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2010
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 2
  • 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: 519
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 35
  • Pool Type: 0
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 87,120
  • Total Building Area: 3,897
  • Gross Building Area: 3,897
  • Building Area: 2,690
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,690
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CANAVERAL GROVES SUBD REPLAT UNIT 3 SHEE
  • Land Acres: 0000002000
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: CANAVERAL GROVES SUBD REPLAT UNIT 3 SHEET 3 LOTS 2 & 3 BLK 18

Neighborhood

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

Zoning

  • Zoning: AU

Geography

  • Assessors Map Reference: 123F
  • Account Number: 2403432
  • Parcel: 24-35-09-25-00018.0-0002.00
  • Block: 18
  • Lot: 2
  • Meridian: SEC 09 TWN 24S RNG 35E
  • Municipality: UNINCORP DISTRICT 1
  • Latitude: 28.4134
  • Longitude: -80.8275

    Address

  • Full Address: 5000 Palm Ave
  • Legal Unit: 3
  • Address - House Number: 5000
  • Address - Street Name: Palm
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Cocoa
  • Carrier Code: R014
  • 4-Digit Zip Code: 2061
  • Zip Code: 32926

Valuation

    Tax

  • Total Area: 3,107
  • Tax Year: 2022
  • Tax Amount: $410,097
  • Tax Rate Code Area: 1400

    Appraisal Valuation

  • Standard Deviation: 0.1773
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 77
  • Final Value: 547,284
  • High Value: 644,344
  • Low Value: 450,225

    Market Valuation

  • Market Total Value: $385,650

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $311,100

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 05, 2018
  • Current Sale Recording Date: Nov 06, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018248571
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:

$550,000

Sale Price/ft²

$285

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2166 ft²

Average Home Age

28.8 years

Currently For Sale

12 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 4380 Temple Street, Cocoa, FL, 32926

$2,395 /mo

  • 2 Beds
  • 1 Bath
  • 864 ft²
4380 Temple Street, Cocoa, FL, 32926 Listing by Lorrie A Lovett

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Brad Kuhns, RE/MAX Elite
Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 826659
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 5000 Palm Avenue built and last sold?
The property at 5000 Palm Avenue was built in 2004 and last sold on Nov 5, 2018 for $324,000.
How much is this home worth?
The estimated value of the home located at 5000 Palm Avenue is $0.
What are some comparable homes to 5000 Palm Avenue?
There are currently no comparable homes to 5000 Palm Avenue.
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