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$399,000

Beds
3
Baths
2.0
sq ft
2,169

541 Sterling St NE, Palm Bay, FL 32907

541 Sterling St NE

Palm Bay, FL 32907

  • 1 day on market
This inviting three-bedroom, two-bathroom home in Palm Bay's sought-after Lockmar neighborhood offers a perfect blend of comfort and convenience with easy access to I-95, shopping, and dining. The freshly painted interior features an open-concept living and great room, flowing into the updated kitchen with a farmhouse sink, granite countertops, and stainless steel appliances. The large two-car garage includes a spacious laundry room with storage and a mud sink. Enjoy the bright Florida room with a newer AC unit or cozy up by the stone fireplace. The .34-acre oversized yard is fully fenced for privacy and includes a well-maintained shed for extra storage. With a newer roof, hot water heater, and gutters, this home is move-in ready. Just 15 minutes from the river and 20 minutes from the beach, this home offers the perfect location for a relaxed Florida lifestyle. Don't miss the chance to make this home yours!

Details

Property type

Single Family Residence

Est. home value

$396,747

Property condition

Updated/Remodeled

Lot size

0.34 acres

Price per sq ft

$184

Year built

1986

Annual property taxes

$6,783.92

Price History

03/31/2025
BrevardMLS

BrevardMLS #1041677

Listed
$399,000
-0.25%
06/14/2022
BrevardMLS

BrevardMLS #934892

Sold
$400,000
+92.31%
04/17/2020
BrevardMLS

BrevardMLS #870332

Sold
$208,000
+30%

Schools & Community

Elementary school: 

Lockmar

Middle school: 

Central

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

$2,895
Asking price
$399,000
Closing costs (~8% of asking)
-$31,920
Est. remaining loan balance
-$364,185
Cash to seller
$2,895

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

Seller’s Loan History

Lender

Caliber Home Loans Inc

Loan start date

June 2022

Original loan amount

$380,000

Est. remaining balance

$364,185

Interest rate

5.11%

Loan type

New Conventional, 30 year

Seller

Shannon L Gray

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?

Status: Active

Tomo last checked: 04/01/2025 at 1:40 PM

Listing updated: 03/31/2025 at 6:55 PM

Listed by: Bradley Milliken, Freedom Homes & Propery Mgt. Phone #: (772) 812-4603

MLS: BrevardMLS #1041677

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