NOT LISTED FOR SALE

2567 Spence Dr NE Palm Bay, FL 32905

Estimated Value: $125,000 - $234,000

2 Beds
1 Bath
744 Sq Ft
$231/Sq Ft Est. Value

Last Sold May 30, 2014

Last sale price $33,000 $44 Per Sq Ft

Est. 420% increase in value since last sale

Current estimated payment $996/month

8 Days on Market

Highlights

  • Great Room
  • Shed
  • 1-Story Property
  • No HOA
  • Tile Flooring
  • Central Heating and Cooling System

About This Home

As of May 2014

**Not a Short Sale**Deliverable Price** 2 Bedroom,1 Bath Home. Nice Starter property or House for the Investor looking for a Rental with Good ROI
Potential. New Roof. New Exterior Paint. Freshly Painted Interior with New Carpet. Tile Kitchen Flooring with Brand New Appliances:Refrigerator, Range & Dishwasher. New Sod Lawn on a Fenced Lot, with a Large Storage Shed. Buyers should obtain a free
prequalification letter from Wells Fargo Home Mortgage. See ''More'' for Home Buyer Priority Timelines and attachments. Calendar Days 1-7: All offers will be rejected. We want REOs to have exposure to the market and potential buyers. The date the property is listed is counted as Day 1.Calendar Days 8-15: PAS will entertain offers from all buyers except buyers purchasing as a secondary residence or investors. Note: Non-profits purchasing vacant lots will also be considered during calendar days 8-15. Calendar Days 16+: We will entertain offers from all buyers once all offers received days 8-15 have been fully vetted. Buyers should obtain a free prequalification letter from Wells Fargo Home Mortgage or an entity which is a joint venture with WFHM by working directly with a mortgage consultant or going online at www.wellsfargo.com. Buyers also have the option to provide proof of other credit decisioned financing or a NACA Qualification Letter.

Last Agent to Sell the Property

Gene Collins

Collins And Assoc. R.E. License #493963 Listed on: 05/01/2014

Last Buyer's Agent

Jason Lande

Exit 1st Class Realty

Exit 1st Class Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,070

Year Built

  • Built in 1952

Lot Details

  • 9,375 Sq Ft Lot
  • South Facing Home
  • Wood Fence
  • Front and Back Yard Sprinklers

Home Design

  • Frame Construction
  • Shingle Roof
  • Wood Siding
  • Asphalt

Interior Spaces

  • 744 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Great Room

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Shed

Schools

  • Palm Bay Elementary School
  • Stone Middle School
  • Palm Bay High School

Utilities

  • Central Heating and Cooling System
  • Well
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Farview Subd Replat Of Pt Of Subdivision

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 28-37-11-76-0000f.0-0003.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,070

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1952
  • Reso Property Sub Type: Single Family Residence
  • ResoLotFeatures: Sprinklers In Front, Sprinklers In Rear
  • Road Surface Type: Asphalt
  • ResoSpecialListingConditions: Real Estate Owned
  • Subdivision Name: Farview Subd Replat of Pt of
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Reso Other Structures: Shed(s)
  • Location Tax and Legal Parcel Number2: 28-37-11-76-0000f.0-0003.00
  • Location Tax and Legal Elementary School: Palm Bay Elem
  • Location Tax and Legal Middle School2: Stone
  • Location Tax and Legal High School: Palm Bay
  • Location Tax and Legal Tax Annual Amount: 57.0
  • Location Tax and Legal Tax Year2: 2013
  • General Property Information Living Area2: 744.0
  • General Property Information Lot Size Acres: 0.22
  • General Property Information Lot Size Square Feet2: 9375.0
  • General Property Information New Construction YN: No
  • General Property Information Waterfront YN: No
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: South
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Fencing Fenced2: Yes
  • Fencing Wood2: Yes
  • Flooring Tile: Yes
  • Levels One: Yes
  • Road Surface Type Asphalt: Yes
  • Roof:Shingle: Yes
  • Utilities Electricity Connected: Yes
  • Flooring Carpet: Yes
  • Water Source Well: Yes
  • General Property Information Carport YN2: No
  • Other Structures Shed(s): Yes
  • Utilities Water Available: Yes
  • Room Types Great Room: Yes
  • General Property Information Lot Size Dimensions: 75.0 ft x 125.0 ft
  • Special Listing Conditions Real Estate Owned: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Flooring: Carpet, Tile
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Total Bedrooms: 5
  • ResoLivingAreaSource: PublicRecords
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Ceiling Fan(s): Yes

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Fencing: Fenced, Wood
  • Acres: 0.22
  • Waterfront: No
  • Construction Type: Frame, Wood Siding
  • Direction Faces: South
  • Construction Materials:Frame: Yes
  • Construction Materials:Wood Siding: Yes
  • Lot Features:Sprinklers in Front: Yes
  • Lot Features:Sprinklers In Rear: Yes

Garage/Parking

  • General Property Information:Garage YN: No

Utilities

  • Cooling: Central Air, Electric
  • Utilities: Electricity Connected, Water Available
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Well
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Stone

Lot Info

  • Lot Dimensions: 75.0 ft x 125.0 ft
  • Lot Size Sq Ft: 9375.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2825767
  • Parcel #: 28-37-11-76-0000f.0-0003.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 57.0

MLS Schools

  • Elementary School: Palm Bay Elem
  • High School: Palm Bay

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 18, 2022
Sold by
Marie Kneifel Torrey
Bought by
Lemos Cassandra Victoria and Smith Michael Jarome
Current Estimated Value
$171,545

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,945
Outstanding Balance
$107,682
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$63,863

Purchase Details

Listed on
May 1, 2014
Closed on
May 20, 2014
Sold by
Deutsche Bank National Trust Company
Bought by
Kneifel Torrey Marie
Seller's Agent
Gene Collins
Collins And Assoc. R.E.
Buyer's Agent
Jason Lande
Exit 1st Class Realty
List Price
$34,900
Sold Price
$33,000
Premium/Discount to List
-$1,900
-5.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.59%

Purchase Details

Closed on
Mar 8, 2006
Sold by
Bundow William R
Bought by
Emery Michael V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,400
Interest Rate
9.2%

Purchase Details

Closed on
Sep 8, 1997
Sold by
Newstrom Sally J and Jourdan Gloria S
Bought by
Bundow William R
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lemos Cassandra Victoria $118,500 State Title Partners
Kneifel Torrey Marie $33,000 Consumer Title & Escrow Serv
Emery Michael V $78,000 Signature Title & Escrow Llc
Bundow William R $33,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lemos Cassandra Victoria $114,945
Previous Owner Emery Michael V $62,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/30/2014 05/30/14 Sold $33,000 -5.4% $44 / Sq Ft
05/08/2014 05/08/14 Pending -- -- --
04/30/2014 04/30/14 For Sale $34,900 -- $47 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,070 $75,270 -- --
2024 $1,029 $96,210 -- --
2023 $1,029 $93,410 $45,000 $48,410
2022 $137 $29,030 $0 $0
2021 $120 $28,190 $0 $0
2020 $113 $27,810 $0 $0
2019 $206 $27,190 $0 $0
2018 $199 $26,690 $0 $0
2017 $205 $26,150 $0 $0
2016 $70 $25,620 $7,500 $18,120
2015 $67 $25,450 $5,000 $20,450
2014 $593 $23,630 $5,000 $18,630
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Space Coast MLS (Space Coast Association of REALTORS®)

MLS Number: 695620

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-37-11-76-0000F.0-0003.00