NOT LISTED FOR SALE

425 Forbes St SE Palm Bay, FL 32909

Estimated Value: $271,000 - $291,000

-- Bed
-- Bath
-- Sq Ft
0.48 Acres

Last Sold November 18, 2020

Last sale price $18,000

Est. 1,466% increase in value since last sale

Current estimated payment $1,768/month

312 Days on Market

About This Home

As of November 2020

BEAUTIFUL DOUBLE WELL WATER/SEPTIC LOT. THE TWO LOTS TOTAL .48 OF AN ACRE WHICH WILL GIVE YOU ROOM FOR EVERYTHING! ENJOY A TOUCH OF COUNTRY AND PRIVACY IN THIS AREA. JUST A FEW MINUTES FROM THE MAIN ROAD. SHORT DRIVE TO SCHOOLS, I-95 ACCESS AND THE BAYSIDE LAKES SHOPPING AREA FEATURING A GROCERY STORE, DRUGSTORE, RESTAURANTS, GAS STATIONS AND MORE! TAKE A DRIVE BY.

Last Agent to Sell the Property

Cheryl Smith

Cheryl Smith Realty, Inc License #426949 Listed on: 09/24/2020

Last Buyer's Agent

Cheryl Smith

Cheryl Smith Realty, Inc License #426949 Listed on: 09/24/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,478

Lot Details

  • 0.48 Acre Lot
  • Lot Dimensions are 166 x 125
  • Many Trees
  • 2 Lots in the community

Schools

  • Westside Elementary School
  • Southwest Middle School
  • Bayside High School

Utilities

  • Well
  • Septic Tank

Community Details

  • No Home Owners Association
  • Port Malabar Unit 25 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 29-37-31-Gv-01281.0-0034 & 35

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,478

Lot Details

0

Listing Details

  • Property Type: Land
  • Reso Property Sub Type: Unimproved Land
  • ResoLotFeatures: Many Trees
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Port Malabar Unit 25
  • Location Tax and Legal Parcel Number2: 29-37-31-Gv-01281.0-0034 & 35
  • Location Tax and Legal Elementary School: Westside
  • Location Tax and Legal Middle School2: Southwest
  • Location Tax and Legal High School: Bayside
  • Location Tax and Legal Tax Year2: 2018
  • General Property Information Lot Size Acres: 0.48
  • General Property Information Lot Size Square Feet2: 20908.0
  • General Property Information Waterfront YN: No
  • General Property Information Senior Community YN: No
  • Water Source Well: Yes
  • General Property Information Lot Size Dimensions: 166 X 125
  • General Property Information Number Of Lots2: 2.0
  • Special Features: None
  • Property Sub Type: Detached

Exterior Features

  • Acres: 0.48
  • Waterfront: No
  • Lot Features:Many Trees: Yes

Utilities

  • Water Source: Well
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Southwest

Lot Info

  • Number Of Lots: 2
  • Current Use: Residential, Single Family
  • Lot Dimensions: 166 X 125
  • Lot Size Sq Ft: 20908.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 29-37-31-Gv-01281.0-0034 & 35
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2018

MLS Schools

  • Elementary School: Westside
  • High School: Bayside

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 16, 2022
Sold by
Holiday Builders Inc
Bought by
Rowe Stacy and Buchanan Richard
Current Estimated Value
$281,837

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,598
Outstanding Balance
$227,726
Interest Rate
5.3%
Mortgage Type
FHA
Estimated Equity
$54,111

Purchase Details

Listed on
Sep 24, 2020
Closed on
Nov 12, 2020
Sold by
Pahno Achilles N
Bought by
Holiday Builders Inc
Seller's Agent
Cheryl Smith
Cheryl Smith Realty, Inc
Buyer's Agent
Cheryl Smith
Cheryl Smith Realty, Inc
List Price
$20,000
Sold Price
$18,000
Premium/Discount to List
-$2,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
74.52%

Purchase Details

Closed on
Oct 10, 2018
Sold by
Pahno Leon N
Bought by
Pahno Achilles N
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Rowe Stacy $243,500 Hb Title
Holiday Builders Inc $18,000 Hb Title Inc
Pahno Achilles N -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rowe Stacy $238,598
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2020 11/18/20 Sold $18,000 -10.0% --
10/13/2020 10/13/20 Pending -- -- --
09/24/2020 09/24/20 For Sale $20,000 0.0% --
09/08/2020 09/08/20 Pending -- -- --
12/05/2019 12/05/19 For Sale $20,000 -- --
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 $3,478 $227,750 -- --
2024 $3,471 $226,940 -- --
2023 $3,471 $224,150 $25,000 $199,150
2022 $331 $22,000 $0 $0
2021 $194 $8,500 $8,500 $0
2020 $170 $7,500 $7,500 $0
2019 $209 $6,600 $6,600 $0
2018 $164 $5,600 $5,600 $0
2017 $163 $1,250 $0 $0
2016 $96 $4,000 $4,000 $0
2015 $92 $4,000 $4,000 $0
2014 $85 $3,500 $3,500 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    Cheryl Smith

    Cheryl Smith Realty, Inc

    (321) 544-8449

    1,410 Total Sales

    Cheryl Smith
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Map

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

MLS Number: 862495

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 29-37-31-GV-01281.0-0034.00

Florida Brevard County Palm Bay 32909

425 Forbes St SE, Palm Bay, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Space Coast MLS (Space Coast Association of REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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