527 Evergreen St Ne is a 1,132 sq ft Single Family in Palm Bay. It was built in 1992. 527 Evergreen St Ne sits on 0.23 acres of land. In 2016 similar properties sold for between $12,480 and $77,491. We estimate the income value of 527 Evergreen St Ne at $18,367. The assumptions we used to calculate this value are include in the spreadsheet linked below. Palm Bay is in Brevard County, Florida.

527 Evergreen St Ne Property Summary

527 Evergreen St Ne
Palm Bay
FL 32907

Property Size:1,132 sq ft
Acreage:0.23
Bedrooms:3.00
Bathrooms:2.00
Year Built:1992
Property Class:C2
Lat, Long: 28.013, -80.658

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 527 Evergreen St Ne, Palm Bay, FL 32907
Estimated Value: 527 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

527 Evergreen St Ne appears to be a C Class property. Suggested value: $68,861

HighMedianLow
Value77,491 68,861 12,480

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $18,367. 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 527 Evergreen St Ne:

  • The Household Income estimate assumes the tenant has a total household income of $31,261 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 $860
Household Income - Renters $695
Market Rents $482
Price/Ft $850

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 527 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 Rent482
Annual Rent per Sq Ft5.00
Gross Annual Rent5,780
Vacancies and Bad Debt13%
Vacancies and Bad Debt Amount751
Maintenance589
HOA, Utilities and CAM0
Property Taxes1,365
Insurance844
Management Fees578
NOI1,653
Cap Rate9
Estimated Value18,367
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 17 of all properties in this area. This suggests it would appeal to someone earning around $31,261 per year who should qualify for a mortgage between $62,522 and $78,153.

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 17 of all properties in this area. This corresponds to a rent of $578 per month and a monthly household income of $2,247 ($26,964 per year)

Links

  1. 527 Evergreen St Ne, Palm Bay, FL on Zillow
  2. Recent Sales near 527 Evergreen St Ne, Palm Bay, FL on Realtor.com
  3. 527 Evergreen St Ne, Palm Bay, FL on Google Maps
  4. 527 Evergreen St Ne Walkscore
  5. Palm Bay, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Documents

  1. 527 Evergreen St Ne Building Footprint

Buildings

BuildingYear BuiltSizeUsageFeatures
Building 1 1992 1,132.00 Single Family Residence Plywd/T111 Exterior, Wood Frame, Asph/Asb Shngl Roof, Hip/Gable Roof, Garage, Screen Room/Porch,

Owner Details

Companies near this Address

  1. Gtm Properties Limited Liability Company (566 Evergreen St Ne)
  2. R & K Hughes Enterprises, Inc. (535 Evergreen Street Ne)
  3. Saltfly Pioneer, LLC (519 Evergreen St Ne)

Sales History

DateSold BySold ToDeed TypePrice
03/30/1992 Seller: 45968 Buyer: 221115 Warranty Deed/Special Warranty Deed 58,100.00
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.