tomo logo

$400,000

Beds
5
Baths
3.0
sq ft
2,096

2876 Stearns Ave NE, Palm Bay, FL 32905

2876 Stearns Ave NE

Palm Bay, FL 32905

  • Pending
This property ideal for multigenerational living or a large family as it is located on a 1/2 an acre. The main home features four bedrooms, two bathrooms, and an upgraded kitchen. The guest home is a studio (the 5th bedroom) with a private bathroom and walk-in closet. The property is being sold fully furnished. This home is also listed as a vacation rental in the main home and a tenant in the guest home generating income. The home is connected to city water and septic, with city sewer available. Recent updates include a roof installed in 2022, both AC units in 2021, and water heaters in 2021. There is ample parking for RVs, boat trailers, and multiple vehicles. Enjoy a short walk to the Indian River and the convenience of nearby shopping, restaurants, theaters, and hospitals. Downtown Melbourne is just an eight-minute drive away!

Details

Property type

Single Family Residence

Est. home value

$307,360

Lot size

0.59 acres

Price per sq ft

$191

Year built

1956

Annual property taxes

$4,875.88

Price History

11/01/2024
BrevardMLS

BrevardMLS #1018464

Pending
$400,000
07/02/2024
BrevardMLS

BrevardMLS #1018464

Listed
$400,000
+31.15%
11/04/2022
StellarMLS

StellarMLS #O6033641

Sold
$305,000

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

$90,189
Asking price
$400,000
Closing costs (~8% of asking)
-$32,000
Est. remaining loan balance
-$277,811
Cash to seller
$90,189

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

Seller’s Loan History

Lender

Nova Financial & Investment Corp

Loan start date

November 2022

Original loan amount

$285,000

Est. remaining balance

$277,811

Interest rate

6.02%

Loan type

New Conventional, 30 year

Seller

Bruce Hughes and Crystal Hughes

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: Pending/Under Contract

Tomo last checked: 11/09/2024 at 11:55 AM

Listing updated: 11/01/2024 at 7:25 PM

Listed by: Jennifer J Coley, RE/MAX Aerospace Realty Phone #: (321) 631-5511

MLS: BrevardMLS #1018464

BrevardMLS logo

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