tomo logo

$550,000

Beds
4
Baths
3.0
sq ft
1,996

1390 Hall Rd, Malabar, FL 32950

1390 Hall Rd

Malabar, FL 32950

  • 127 days on market
    • Price drop $100,000↓
The corner property in Malabar offers a unique blend of features and versatility. With no HOA restrictions, you have the freedom to enjoy the nice pool and the spacious detached garage/workshop, complete with an air-conditioned workshop/craft room/office above. The corner lot is fully gated for privacy and security, with access both at the front and on the east side. Inside, the beautiful eat-in kitchen boasts granite countertops, soft-close cabinets, and drawers, creating a perfect space for gathering and preparing meals. Zoned for agriculture, this property welcomes horses, making it a haven for animal lovers. Additionally, the large concrete pad provides ample space for RV and boat storage right on the property. Added convenience is the 220V electric service in the garage, catering to various power needs. This property truly offers a blend of functionality, comfort, and potential for those looking to embrace a versatile and spacious living environment in the serene Town of Malabar.

Details

Property type

Single Family Residence

Est. home value

$529,830

Lot size

1.14 acres

Price per sq ft

$276

Year built

1970

Annual property taxes

$5,294.82

Price History

08/07/2024
BrevardMLS

BrevardMLS #1014100

Price change
$550,000
-15.38%
07/19/2024
BrevardMLS

BrevardMLS #1014100

Price change
$650,000
-7.14%
05/16/2024
BrevardMLS

BrevardMLS #1014100

Listed
$700,000
+118.75%

Schools & Community

Elementary school: 

Port Malabar

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

$432,222
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$73,778
Cash to seller
$432,222

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

Seller’s Loan History

Lender

Loandepot.Com Llc

Loan start date

January 2024

Original loan amount

$74,429

Est. remaining balance

$73,778

Interest rate

7.03%

Loan type

FHA, 25 year

Seller

Shawn M Owen and Lori A Owen

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: 09/20/2024 at 8:00 AM

Listing updated: 08/07/2024 at 1:53 PM

Listed by: CatherineAnn Elizabeth Platt, One Sotheby's International Phone #: (321) 984-3135

MLS: BrevardMLS #1014100

BrevardMLS logo

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