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$61,070Estimated home value

Beds
4
Baths
2.0
sq ft
2,050

588 Arcadia Ave NE, Palm Bay, FL 32907

588 Arcadia Ave NE

Palm Bay, FL 32907

  • Off market
    • Price drop $10,000↓
**BUYER INCENTIVE** Up to 3% CREDIT towards INTEREST RATE BUY DOWN** This home offers CITY WATER and SEWER with IMPACT WINDOWS and HIP ROOFING plus additional features ABOVE and BEYOND the average home!!! Open floor plan, split bedrooms, 2' x 4' tile flooring throughout. Kitchen has an abundance of cabinetry (42'' uppers) with crown molding, soft close doors and drawers with hardware, quartz counters with matching backsplash, pendant lighting, SS appliances and pantry. Dedicated laundry space with a SECOND large PANTRY. LED lighting, modern panel interior doors, ceiling fans throughout (interior and exterior), tiled showers/bath to the ceiling, double sink vanities with matching quartz countertops. Primary bedroom with exterior door, his and hers closets, zero entry shower, comfort height vanity, modern faucets, mirrors and lighting. The additional features to fall in love with include an OVERSIZED GARAGE, FULLY FENCED yard, large covered back porch, truly move in ready!

Details

Property type

Single Family Residence

Est. home value

$61,070

Property condition

New Construction

Lot size

0.23 acres

Price per sq ft

$205

Year built

2024

Annual property taxes

$893.99

Price History

10/07/2024
BrevardMLS

BrevardMLS #1015092

Removed
$420,000
09/24/2024
BrevardMLS

BrevardMLS #1015092

Price change
$420,000
-2.33%
08/12/2024
BrevardMLS

BrevardMLS #1015092

Price change
$430,000
-2.27%

Schools & Community

Elementary school: 

Lockmar

Middle school: 

Southwest

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

$307,887
Asking price
$420,000
Closing costs (~8% of asking)
-$33,600
Est. remaining loan balance
-$78,513
Cash to seller
$307,887

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

Seller’s Loan History

Lender

Normandy Corporation

Loan start date

January 2024

Original loan amount

$230,000

Est. remaining balance

$78,513

Interest rate

7.22%

Loan type

New Conventional, 1 year

Seller

William Hitchcock and Christina Gordon

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: Off Market

Tomo last checked: 10/07/2024 at 5:35 AM

Listing updated: 10/02/2024 at 1:30 PM

Listed by: Marlynn Abrams Simmons, Real Broker LLC Phone #: (855) 450-0442

MLS: BrevardMLS #1015092

BrevardMLS logo

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