591 Firestone St Ne is a 2,587 sq ft Single Family in Palm Bay. It was built in 2005. 591 Firestone St Ne sits on 0.47 acres of land. In 2016 similar properties sold for between $177,119 and $265,201. We estimate the income value of 591 Firestone St Ne at $77,771. The assumptions we used to calculate this value are include in the spreadsheet linked below. Palm Bay is in Brevard County, Florida.

591 Firestone St Ne Property Summary

591 Firestone St Ne
Palm Bay
FL 32907

Property Size:2,587 sq ft
Acreage:0.47
Bedrooms:4.00
Bathrooms:4.00
Year Built:2005
Property Class:B3
Lat, Long: 28.007, -80.657

Not Offered for Sale

This property is not currently for sale by Visulate but we may be able to find something similar. Contact us for details.

Google Street View  of 591 Firestone St Ne, Palm Bay, FL 32907
Estimated Value: 591 Firestone 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

591 Firestone St Ne appears to be a B Class property. Suggested value: $228,198

HighMedianLow
Value265,201 228,198 177,119

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $77,771. 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 591 Firestone St Ne:

  • The Household Income estimate assumes the tenant has a total household income of $161,672 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 $4,446
Household Income - Renters $1,641
Market Rents $1,439
Price/Ft $2,225

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 591 Firestone 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 Rent1,439
Annual Rent per Sq Ft7.00
Gross Annual Rent17,272
Vacancies and Bad Debt13%
Vacancies and Bad Debt Amount2,245
Maintenance1,345
HOA, Utilities and CAM0
Property Taxes4,581
Insurance1,930
Management Fees1,727
NOI5,444
Cap Rate7
Estimated Value77,771
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 92 of all properties in this area. This suggests it would appeal to someone earning around $161,672 per year who should qualify for a mortgage between $323,344 and $404,180.

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 92 of all properties in this area. This corresponds to a rent of $1,453 per month and a monthly household income of $5,028 ($60,336 per year)

Links

  1. 591 Firestone St Ne, Palm Bay, FL on Zillow
  2. Recent Sales near 591 Firestone St Ne, Palm Bay, FL on Realtor.com
  3. 591 Firestone St Ne, Palm Bay, FL on Google Maps
  4. 591 Firestone St Ne Walkscore
  5. Palm Bay, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Documents

  1. 591 Firestone St Ne Building Footprint

Buildings

BuildingYear BuiltSizeUsageFeatures
Building 1 2005 2,587.00 Single Family Residence Stucco Exterior, Masonry Concete Frame, Wood Frame, Asph/Asb Shngl Roof, Hip/Gable Roof, Garage, Pool, Fireplace,

Owner Details

Companies near this Address

  1. Gma Communications Inc (618 Dinner St)

Sales History

DateSold BySold ToDeed TypePrice
06/26/2003 Seller: 726912 Buyer: 220260 Warranty Deed/Special Warranty Deed 18,000.00
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.