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Brevard 32927 Canaveral Groves
5245 Areca Palm Street
$575,000
● House - Off Market

5245 Areca Palm Street

Cocoa, FL 32927
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,224 Ft²
$631,227
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

PRETTY 3-bed/3-bath/3-garage POOL HOME NESTLED on a PRIVATE & SERENE 1.08 ACRES! Feel Secure in this 2224 sq.ft. Sturdy Concrete dwelling with Brick exterior, Energy efficient  Doors & Windows including shutters & a 2020 Roof. Plenty of Gathering Space at the Kitchen Breakfast bar or Eat-in area, all open to the Family room.  This Airy Split-Plan Layout has 3 bathrooms & 3 full baths – two of which are Ensuite. Large Master Bedroom features his/her Closets & a Glass Slider leading out to the Lovely Lanai. Fix your drinks & Retreat Poolside in your Peaceful Backyard with Space for Family, Friends, & Pets to Play. The 3-car Garage & Long Driveway creates room for your Boats or RV.  No HOA! Enjoy Country Living in this Newer section of Canaveral Groves but with the perks of an easy commute. commute.
Unit Size
2,224 Ft²
Days on Market
62 days
Land Size
1.08 acres
Price per sqft
$268
Property Type
House
Property Taxes
$192
HOA Dues
-
Year Built
1999

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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: 7 months ago (Space Coast MLS #946834)

Price History

Date / Event Date Event Price
Dec 19, 2022 Sold
Premium
Sold
Sep 23, 2022 Listed by Keller Williams Realty Brevard $595,000
Listed by Keller Williams Realty Brevard
May 4, 1998 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 2012
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 14
  • Building Condition: 0
  • Building Quality: 4
  • 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: 588
  • Parking Space Count: 2
  • Patio Type: 69
  • Porch Type: 126
  • Pool Type: 8
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 47,045
  • Lot Size Depth Feet: 3,000
  • Lot Size Frontage Feet: 1,570
  • Total Building Area: 3,218
  • Gross Building Area: 3,218
  • Building Area: 2,224
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,224
  • 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 7 BLK 25

Neighborhood

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

Zoning

  • Zoning: AU

Geography

  • Assessors Map Reference: 104G
  • Account Number: 2314187
  • Subdivision Tract Number: 7
  • Parcel: 23-35-33-01-00025.0-0007.00
  • Block: 25
  • Lot: 7
  • Meridian: SEC 33 TWN 23S RNG 35E
  • Municipality: UNINCORP DISTRICT 1
  • Latitude: 28.4324
  • Longitude: -80.8319

    Address

  • Full Address: 5245 Areca Palm St
  • Address - House Number: 5245
  • Address - Street Name: Areca Palm
  • Address - Suffix Type: St
  • State: FL
  • City Name: Cocoa
  • Carrier Code: R018
  • 4-Digit Zip Code: 2037
  • Zip Code: 32927

Valuation

    Tax

  • Total Area: 2,678
  • Tax Year: 2022
  • Tax Amount: $228,298
  • Tax Rate Code Area: 1900

    Appraisal Valuation

  • Standard Deviation: 0.1932
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 74
  • Final Value: 581,373
  • High Value: 693,703
  • Low Value: 469,044

    Market Valuation

  • Market Total Value: $409,720

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $182,220

    Sales

  • Current Sale Contract Date: Dec 15, 2022
  • Current Sale Recording Date: Dec 19, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 293330
  • Previous Sale Recording Date: May 04, 1998
  • Previous Sale Contract Date: Apr 30, 1998
  • Previous Sale Amount: $20,000
  • 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:

$522,450

Sale Price/ft²

$272

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2374 ft²

Average Home Age

23.5 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

Unit for rent at 4380 Temple Street, Cocoa, FL, 32926

$1,800 /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: Christine Lawhon, Keller Williams Realty Brevard
Last Updated: 7 months ago
Data Source: Space Coast MLS, MLS# 946834
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 5245 Areca Palm Street built and last sold?
The property at 5245 Areca Palm Street was built in 1999 and last sold on Dec 15, 2022 for $575,000.
How much is this home worth?
The estimated value of the home located at 5245 Areca Palm Street is $0.
What are some comparable homes to 5245 Areca Palm Street?
There are currently no comparable homes to 5245 Areca Palm Street.
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