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$239,900

Beds
3
Baths
2.0
sq ft
1,695

611 Nevada St, Melbourne, FL 32904

611 Nevada St

Melbourne, FL 32904

  • 31 days on market
    • Price drop $10,000↓
Attention Investors. Priced Way Below Market Because Property Needs a New Roof. Large Corner Lot Home, Quiet 3/2 hideaway in an equestrian neighborhood on a huge corner lot. This property boasts plenty of room for a swimming pool. It's perfect for investors, growing families and tranquil for writers and artists. Bright, clean, expansive rooms, interior is in good shape. Please note this property needs a new roof and some rehab and is priced accordingly because of this. The detached garage is currently rented for $500/month which adds great value. Lease expires in December so they can stay or go. This Property Is Being Sold As IS. Cash or Conventional Although Cash Offers Are Preferred.

Details

Property type

Single Family Residence

Est. home value

$251,946

Lot size

0.38 acres

Price per sq ft

$142

Year built

1957

Annual property taxes

$1,720.59

Price History

11/07/2024
BrevardMLS

BrevardMLS #1027765

Price change
$239,900
-4%
10/23/2024
BrevardMLS

BrevardMLS #1027765

Listed
$249,900

Schools & Community

Elementary school: 

Meadowlane

Middle school: 

Central

High school: 

Melbourne

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

$102,201
Asking price
$239,900
Closing costs (~8% of asking)
-$19,192
Est. remaining loan balance
-$118,507
Cash to seller
$102,201

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

Seller’s Loan History

Lender

Citibank Na

Loan start date

May 2020

Original loan amount

$130,500

Est. remaining balance

$118,507

Interest rate

3.5%

Loan type

New Conventional, 30 year

Seller

Debra Lee Cooper Keller and Raymond M Keller

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: 11/23/2024 at 7:10 AM

Listing updated: 11/13/2024 at 12:26 AM

Listed by: Lex Levinrad, Charles Rutenberg Rlty Ft Laud Phone #: (954) 396-3001

MLS: BrevardMLS #1027765

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