For Sale - 531 Dinner St Ne, $214,999

4 bedroom 2.00 bath 2,078 Sq Ft

CONTEMPORARY Beauty in NE Palm Bay on CITY WATER! Breathtaking angles created by the High vaulted ceilings. This home offers a split floor plan with sophisticated grey plank tiles throughout. The bedrooms are carpeted adding a touch of comfort. This home has 4 bedrooms with access off the Large Master Suite for a nursery/office. The home has a Formal Dining and Formal Living Room. Renovated kitchen with exquisite CONCRETE countertops that flow seamlessly into the family room. Separate casual dining with plenty of room at the counter height island for added seating. This home is excellent for entertaining due to open airy layout. Very private backyard with empty lot on one side. The yard beckons you to fire up the grill. Priced to Sell! WON'T LAST!!!!

Bedrooms4
Full Bathrooms2.00
Half Bathrooms0
Finance OptionsCash,Conventional,FHA,VA Loan
MLS Number791889
Last Updated10/19/2017 01:30am


Contact Sue for additional details
  • Email:
  • Phone: (321) 453 7389
  • Property ID: 379223

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Listing provided by A and M Real Estate and Mtg. Copyright 2017 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved.

531 Dinner St Ne is a 2,078 sq ft Single Family in Palm Bay. It was built in 2006. 531 Dinner St Ne sits on 0.23 acres of land. In 2016 similar properties sold for between $142,270 and $213,022. We estimate the income value of 531 Dinner St Ne at $37,571. The assumptions we used to calculate this value are include in the spreadsheet linked below. Palm Bay is in Brevard County, Florida.

531 Dinner St Ne Property Summary

531 Dinner St Ne
Palm Bay
FL 32907

Property Size:2,078 sq ft
Acreage:0.23
Bedrooms:4.00
Bathrooms:2.00
Year Built:2006
Property Class:B4
Lat, Long: 28.008, -80.658
Estimated Value: 531 Dinner 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

531 Dinner St Ne appears to be a B Class property. Suggested value: $183,299

HighMedianLow
Value213,022 183,299 142,270

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $37,571. 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 531 Dinner St Ne:

  • The Household Income estimate assumes the tenant has a total household income of $99,028 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 $2,723
Household Income - Renters $1,102
Market Rents $899
Price/Ft $1,972

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 531 Dinner 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 Rent899
Annual Rent per Sq Ft5.00
Gross Annual Rent10,785
Vacancies and Bad Debt13%
Vacancies and Bad Debt Amount1,402
Maintenance1,081
HOA, Utilities and CAM0
Property Taxes3,044
Insurance1,550
Management Fees1,078
NOI2,630
Cap Rate7
Estimated Value37,571
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 71 of all properties in this area. This suggests it would appeal to someone earning around $99,028 per year who should qualify for a mortgage between $198,056 and $247,570.

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 71 of all properties in this area. This corresponds to a rent of $1,012 per month and a monthly household income of $3,735 ($44,820 per year)

Links

  1. 531 Dinner St Ne, Palm Bay, FL on Zillow
  2. Recent Sales near 531 Dinner St Ne, Palm Bay, FL on Realtor.com
  3. 531 Dinner St Ne, Palm Bay, FL on Google Maps
  4. 531 Dinner St Ne Walkscore
  5. Palm Bay, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Documents

  1. 531 Dinner St Ne Building Footprint

Buildings

BuildingYear BuiltSizeUsageFeatures
Building 1 2006 2,078.00 Single Family Residence Stucco Exterior, Masonry Concete Frame, Asph/Asb Shngl Roof, Hip/Gable Roof, Garage,

Owner Details

Sales History

DateSold BySold ToDeed TypePrice
06/13/2001 Seller: 731926 Buyer: 731926 Quit Claim 100.00
08/26/2003 Seller: 731926 Buyer: 220641 Warranty Deed/Special Warranty Deed 33,000.00
09/05/2006 Seller: 729180 Buyer: 222122 Warranty Deed/Special Warranty Deed 100.00
02/01/2015 Seller: 222122 Buyer: 280030 Unknown 100.00
02/01/2015 Seller: 222122 Not Recorded Unknown 100.00
08/01/2015 Not Recorded Buyer: 10760069 Unknown 149,900.00
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.