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$1,670,000

Beds
5
Baths
4.0
sq ft
2,919

492 Dempsey Dr, Cocoa Beach, FL 32931

492 Dempsey Dr

Cocoa Beach, FL 32931

  • 125 days on market
    • Price drop $79,000↓
New construction 2022, gutted to the studs, new plumbing, new electric, new walls, headers, beams, spray foam insulation, impact windows and sliders, see feature sheet, essentially 2 homes on separate electric meters. Consider it as a 5 bedroom home or two homes. Downstairs 3 bedrooms, 3 baths and Upstairs 2 bedrooms, 1 bath. Whatever you decided to use this property for you will not be disappointed. It would serve beautifully as a family home with extra income from the upstairs apartment, adult children still living at home, a second home, or Airbnb. A fabulous location, only 6 blocks to the beach and next door to a riverfront park for added unobstructed views of the river and islands! Currently being used as an Airbnb! The walkability to downtown Cocoa Beach with shopping, restaurants, stores, library, post office, etc. makes it more desirable. Quiet and tucked away yet so close to all that Cocoa Beach has to offer! Boaters Dream: Deep water and easy access to the open river 492 Dempsey Drive's main home is a two-year-old home as of 2022! The concrete walls were left up and the roof was left on as the work began! The first floor of this beautiful home was completely gutted, reframed, rebuilt to code by a local reputable General Contractor. New beams and headers were added in the main living room, garage and Florida room. The Florida room exterior walls were taken down and replaced. The entire home has impact windows and sliders. The garage door is a hurricane rated door. The bathroom walls were insulated with Fi-Foil for sound and the roof of the first floor was insulated with Icynene foam. The cast iron plumbing was removed and re-piped throughout the home. The old electrical was completely removed and all new electrical was installed. The HVAC was replaced, and all new duct work was installed. The Florida room/ family room features a wood burning fireplace and a separate Mini-Split Air Conditioning. The Kitchen is designed beautifully with quartz countertop, stainless steel appliances and beautiful cabinets. The exterior was stucco and painted. Everything mentioned in this paragraph took place and was replaced new in 2022. The apartment upstairs was completely remodeled in 2016. The 600 sq ft deck 2021 is a Fabulous place to take in the beautiful sunsets over the park, river and islands. The HVAC and duct work replaced, all new stainless-steel appliances and gas stove 2020, beautiful cabinets and well-designed bathroom.

Details

Property type

Single Family Residence

Est. home value

$1,003,452

Property condition

Updated/Remodeled

Lot size

0.26 acres

Price per sq ft

$573

Year built

1957

Annual property taxes

$7,413.99

Price History

12/06/2024
BrevardMLS

BrevardMLS #1022709

Price change
$1,670,000
-4.52%
09/17/2024
BrevardMLS

BrevardMLS #1022709

Price change
$1,749,000
-5.41%
08/20/2024
BrevardMLS

BrevardMLS #1022709

Listed
$1,849,000
+325.06%

Schools & Community

Elementary school: 

Roosevelt

Middle school: 

Cocoa Beach

High school: 

Cocoa Beach

Seller’s Loan History

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

Lender

Riverside National Bank Of Florida

Loan start date

July 2005

Original loan amount

$250,000

Est. remaining balance

Not provided

Interest rate

5.21%

Loan type

Credit Line (Revolving), 10 year

Seller

Charles A Hinkley and Ann Hinkley

Lender

Countrywide Home Loans Inc

Loan start date

June 2003

Original loan amount

$322,700

Est. remaining balance

$151,133

Interest rate

5.7%

Loan type

Not Provided, 30 year

Seller

Charles A Hinkley

Lender

1St Union Mtg Corp

Loan start date

October 2001

Original loan amount

$275,000

Est. remaining balance

Not provided

Interest rate

6.92%

Loan type

Not Provided

Seller

Charles Allen Hinkley

Lender

Chase Manhattan Bk U S A N A

Loan start date

February 2000

Original loan amount

$100,000

Est. remaining balance

Not provided

Interest rate

8.15%

Loan type

Credit Line (Revolving)

Seller

Charles Allen Hinkley

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: 12/23/2024 at 7:00 AM

Listing updated: 12/09/2024 at 3:20 AM

Listed by: Pamela G Durkin, Coconut Properties Fl Real Est Phone #: (321) 613-5950

MLS: BrevardMLS #1022709

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