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$234,900

Beds
2
Baths
1.0
sq ft
1,077

1196 Cabot Dr NE, Palm Bay, FL 32905

1196 Cabot Dr NE

Palm Bay, FL 32905

  • 74 days on market
    • Price drop $4,100↓
Perfect small home or investment property. Ideal location in NE Palm Bay close to the Indian River and 3 blocks away from public direct water access at Goode Park boat ramp. This concrete block home with 2 Bedrooms & 1 Bath features a separate concrete block detached oversized garage/ shop (320 SQ FT). Newer Roof - DEC 2022 (on main home and garage). Water Heater is 2022 and AC is 2018. Large family room area and plenty of natural light, tile floors throughout the home (NO Carpet), Granite countertop, custom cabinets, and newer appliances. Large, fenced backyard cleared of trees ready for a new owner. City water, public sewer and NO HOA! 32 mins to Patrick Space Force Base, 14 mins to the Beaches, and jut 11 mins to shopping and dining at Historic Downtown Melbourne.

Details

Property type

Single Family Residence

Est. home value

$215,219

Lot size

8,276 sq ft

Price per sq ft

$219

Year built

1960

Annual property taxes

$2,461.1

Price History

10/11/2024
BrevardMLS

BrevardMLS #1022950

Price change
$234,900
-1.72%
10/04/2024
BrevardMLS

BrevardMLS #1022950

Listed
$239,000
09/15/2024
BrevardMLS

BrevardMLS #1022950

Pending
$239,000
-1.44%

Schools & Community

Elementary school: 

Palm Bay Elem

Middle school: 

Stone

High school: 

Palm Bay

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$13,648
Asking price
$234,900
Closing costs (~8% of asking)
-$18,792
Est. remaining loan balance
-$202,460
Cash to seller
$13,648

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Regions Bank

Loan start date

January 2023

Original loan amount

$206,610

Est. remaining balance

$202,460

Interest rate

6.49%

Loan type

New Conventional, 30 year

Seller

Jenny De Oleo

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/05/2024 at 5:40 AM

Listing updated: 10/11/2024 at 2:28 PM

Listed by: Luis E. Rojas, Redfin Corp. Phone #: (407) 708-9747

MLS: BrevardMLS #1022950

BrevardMLS logo

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