For Sale - 391 Evergreen St Ne, $150,000

3 bedroom 2.00 bath 1,494 Sq Ft

This 3 bedroom, 2 bathroom home has a great room, family room with wood burning fireplace, den with entry from master bedroom and Florida room. Step down living room/dining room with cathedral ceilings. Kitchen is open to the family room with breakfast bar. Great room opens to the Florida room that takes up most of the back right portion of the home. There are sliding doors from the family room and den to the Florida room. The kitchen, den, family room, Florida room, and bathrooms are tiled. The bedrooms and great room have carpet. The master bedroom has a long wall of organized closet and a separate walk in closet. Chain length fence back yard. Close to shopping, restaurants and elementary schools. Buyer's are responsible to turn on and pay for electric and water for inspections.

Bedrooms3
Full Bathrooms2.00
Half Bathrooms0
Finance OptionsCash,Conventional
MLS Number787076
Last Updated10/19/2017 01:30am


Contact Sue for additional details
  • Email:
  • Phone: (321) 453 7389
  • Property ID: 376281

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Listing provided by Space Coast Realty Corp.. Copyright 2017 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved.

391 Evergreen St Ne is a 1,494 sq ft Single Family in Palm Bay. It was built in 1980. 391 Evergreen St Ne sits on 0.23 acres of land. In 2016 similar properties sold for between $102,287 and $153,154. We estimate the income value of 391 Evergreen St Ne at $33,271. The assumptions we used to calculate this value are include in the spreadsheet linked below. Palm Bay is in Brevard County, Florida.

391 Evergreen St Ne Property Summary

391 Evergreen St Ne
Palm Bay
FL 32907

Property Size:1,494 sq ft
Acreage:0.23
Bedrooms:3.00
Bathrooms:2.00
Year Built:1980
Property Class:B3
Lat, Long: 28.013, -80.663
Estimated Value: 391 Evergreen St Ne

Market Data

In 2016 class A single family properties in Palm Bay sold for $100.06 to 310.90 per sq ft with a median price per sq ft of $110.30. Class B properties sold for $66.82 to 100.05 per sq ft with a median of $86.09 and class C properties sold for $10.76 to 66.81 per sq ft with a median of $59.37.

Market Valuation

391 Evergreen St Ne appears to be a B Class property. Suggested value: $131,785

HighMedianLow
Value153,154 131,785 102,287

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $33,271. Details of how we produced this estimate value appear below:

The income value of a property identifies its value as a rental property, Value = Rent - Expenses / Cap Rate. The following table shows four different rent estimates for 391 Evergreen St Ne:

  • The Household Income estimate assumes the tenant has a total household income of $49,822 and spends 33% of this on rent. The household income estimate is derived from census data and tax records.
  • The Household Income - Renters estimate performs a similar calculation based on the household income of renters rather than all households.
  • The Market Rents estimate evaluates this property in comparison to rental properties in the area.
  • The Price/Ft estimate uses the size of the property to estimate its rent.

Click on a rent value to download a spreadsheet that estimates the NOI (net operating income), cash on cash return, income value and IRR (internal rate of return) for this property.

Valuation ModelMonthly Rent
Household Income - All Households $1,370
Household Income - Renters $831
Market Rents $662
Price/Ft $1,200

Expense Estimates:

  • Census data records show 8% of the rental properties in this area are vacant. We've added a 5% bad dept allowance to this.
  • Maintenance costs are estimated based on the size of the property.
  • The property tax estimate uses the average millage rate for the county. It does not include adjustments for city or unincorporated areas. Actual taxes may vary.
  • Insurance estimates are based on the size and location of the property. They are not adjusted for age, flood zone or other risk factors
  • We don't have a way to estimate HOA fees. These should be added manually

The following table shows a income valuation estimate for 391 Evergreen St Ne. Download a spreadsheet or click on the Estimate Cashflow link to change its estimates and assumptions. Alternatively, click on the Save button to upload a copy of the spreadsheet to Google Drive.

Amount
Monthly Rent662
Annual Rent per Sq Ft5.00
Gross Annual Rent7,945
Vacancies and Bad Debt13%
Vacancies and Bad Debt Amount1,033
Maintenance777
HOA, Utilities and CAM0
Property Taxes1,898
Insurance1,114
Management Fees794
NOI2,329
Cap Rate7
Estimated Value33,271
Edit Values and Estimate Cashflow Estimate Cashflow
Save to Google Drive (Google login required)

Page 1 of 2. Click on the Estimate Cashflow link to navigate to Page 2.

Search County Property Tax and Court Records

Select a county from the list then click on the links to connect to the Property Appraiser or Clerk of Courts website

Local Household Income

The median household income in this part of Florida is $65,996. The bottom 10% of the population earn less than $23,217 per year. The top 10% earn more than $150,879 per year. The top 1% earn more than $414,648 per year. Most renters earn between $28,332 (20th percentile) and $50,268 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $131,992 and $164,990.

The tax assessed value of this property places it in percentile 36 of all properties in this area. This suggests it would appeal to someone earning around $49,822 per year who should qualify for a mortgage between $99,644 and $124,555.

Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $847. Most renters earn between $2,361 and $4,189 per month. They typically spend 33% of their monthly income on rent. Most rents fall in the $608 (20th percentile) to $1,140 (80th percentile) range. The residential vacancy rate is 8%.

This property falls in percentile 36 of all properties in this area. This corresponds to a rent of $738 per month and a monthly household income of $2,778 ($33,336 per year)

Links

  1. 391 Evergreen St Ne, Palm Bay, FL on Zillow
  2. Recent Sales near 391 Evergreen St Ne, Palm Bay, FL on Realtor.com
  3. 391 Evergreen St Ne, Palm Bay, FL on Google Maps
  4. 391 Evergreen St Ne Walkscore
  5. Palm Bay, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Buildings

BuildingYear BuiltSizeUsageFeatures
Building 1 1980 1,494.00 Single Family Residence Stucco Exterior, Masonry Concete Frame, Asph/Asb Shngl Roof, Hip/Gable Roof, Garage, Screen Room/Porch, Enclosed Porch, Fireplace,

Owner Details

Companies near this Address

  1. I.P.O.E., Inc (597 Chippewa Avenue Ne)
  2. Aquatest Services, Inc. (597 Chippewa Avenue Ne)
  3. B.L.S. & C., Inc. (597 Asbury Ave N E)
  4. 3 Angels Ball For All, Inc. (421 Evergreen St)
  5. Pure Essence Oils LLC (351 Evergreen St Ne)

Sales History

DateSold BySold ToDeed TypePrice
01/01/1998 Seller: 114233 Buyer: 114233 Unknown 20,700.00
01/10/2001 Seller: 114233 Buyer: 220084 Warranty Deed/Special Warranty Deed 81,500.00
Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

The Visulate site was produced from data and information compiled from recorded documents and/or outside public and private sources. Visulate is not the custodian of public records and does not assume responsibility for errors or omissions in the data it displays or for its misuse by any individual.

In the event of either error or omission, Visulate and any 3rd party data provider shall be held harmless from any damages arising from the use of records displayed on the site.

MLS Data

Visulate participates in My Flordia Regional, South East Florida MLS and the Brevard County Broker Reciprocity programs, allowing us to display other broker's listings on our site. Listing data supplied by other brokers is deemed reliable but not guaranteed. It is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties to buy, lease or rent.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Programs of My Flordia Regional, South East Florida MLS and Brevard County, Florida. Real estate listings held by brokerage firms other than Visulate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.