tomo logo

$259,900

Beds
3
Baths
2.0
sq ft
1,521

1495 Wake Forest Rd NW, Palm Bay, FL 32907

1495 Wake Forest Rd NW

Palm Bay, FL 32907

  • 4 days on market
EXPLORE THE POSSIBILITIES WITH THIS CONCRETE BLOCK FIXER UPPER! TENANTS ARE CURRENTLY IN PLACE AT $1,800 PER MONTH AND WOULD LOVE TO STAY! BUY AND HAVE IMMEDIATE RENTAL INCOME OR THE TENANTS CAN VACATE SO IT CAN BE REMODELED FOR OCCUPANCY OR RESALE. THE LAST ROOF PERMIT FOUND IS FROM 2005. THE SELLER WILL NOT PROVIDE A NEW ROOF. THE HOME IS SOLD ''AS IS'' LOCATED IN AN ESTABLISHED, CITY WATER NEIGHBORHOOD CLOSE TO DISCOVERY ELEMENTARY. A SHORT DRIVE TO THE WEST WILL LEAD YOU TO THE ST JOHNS HERITAGE PARKWAY FOR YOUR DAILY COMMUTE. OR, HEAD EAST TO MINTON WITH THE PALM BAY RD CORRIDOR AROUND THE CORNER PROVIDING A LARGE VARIETY OF SHOPPING, RESTAURANTS, BANKING, I-95 ACCESS AND MUCH MORE! (PLEASE DO NOT WALK THE PROPERTY WITHOUT AN APPOINTMENT.)

Details

Property type

Single Family Residence

Est. home value

$319,419

Lot size

0.23 acres

Price per sq ft

$171

Year built

1986

Annual property taxes

$4,187.33

Price History

01/28/2025
BrevardMLS

BrevardMLS #1035617

Listed
$259,900

Schools & Community

Elementary school: 

Discovery

Middle school: 

Central

High school: 

Heritage

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

$114,430
Asking price
$259,900
Closing costs (~8% of asking)
-$20,792
Est. remaining loan balance
-$124,678
Cash to seller
$114,430

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

Seller’s Loan History

Lender

Embrace Home Loans Inc

Loan start date

August 2017

Original loan amount

$146,400

Est. remaining balance

$124,678

Interest rate

4.03%

Loan type

New Conventional, 30 year

Seller

Althemon O Mellay

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: 02/02/2025 at 7:55 AM

Listing updated: 01/29/2025 at 7:05 AM

Listed by: Cheryl L Smith, Cheryl Smith Realty, Inc Phone #: (321) 951-0322

MLS: BrevardMLS #1035617

BrevardMLS logo

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