NOT LISTED FOR SALE

5221 Palm Ave Cocoa, FL 32926

Canaveral Groves Neighborhood

Estimated Value: $466,000 - $480,000

3 Beds
2 Baths
1,352 Sq Ft
$350/Sq Ft Est. Value

Sale Details

Date Sold: November 22, 2024

Last sale price $470,000 $348 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,881 / mo

113 Days on Market

Highlights

  • Barn
  • No HOA
  • Cooling Available
  • 2.17 Acre Lot
  • Eat-In Kitchen
  • Tile Flooring

About This Home

As of November 2024

72-Hour Kick Out. Welcome to a unique real estate opportunity with boundless potential. Nestled on a generous 2.17-acre lot, originally three lots now combined, this remarkable property has been updated from the roof to the floors. The home boasts a new roof, soffit, fascia, stucco, and fresh paint inside and out. The interior shines with new floors, a water heater, appliances, cabinets, mirrors, doors, baseboards, and glass sliders. With three lots combined into one, the possibilities are endless. You can expand the current residence, build additional structures, or construct a new home while keeping the existing one for in-laws. This expansive property can accommodate all your dreams. Equine enthusiasts will appreciate the 3,000 sq ft open-air pole barn, featuring eight stalls, a tack room, hay room, and wash room. The land can also be used as a riding ring and pasture, providing ample space for equine activities. Without association restrictions your vision for the estate can be realized. Whether you're looking to develop a family compound, hobby farm, or a unique personal retreat, you can customize the property to your exact specifications. Located in a tranquil yet accessible area, this property offers a rare combination of rural charm and modern convenience. The expansive acreage, coupled with comprehensive updates and a versatile pole barn, makes this estate a standout opportunity. Don't miss the chance to own a property where your dreams can take root and flourish.

Last Agent to Sell the Property

Shalom McGoffin

Engel&Voelkers Melb Beachside License #3441320 Listed on: 06/22/2024

Engel&Voelkers Melb Beachside

Last Buyer's Agent

Shalom McGoffin

Engel&Voelkers Melb Beachside License #3441320 Listed on: 06/22/2024

Engel&Voelkers Melb Beachside

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,775

Year Built

  • Built in 1981 | Remodeled

Lot Details

  • 2.17 Acre Lot
  • Property fronts a private road
  • North Facing Home
  • Many Trees

Home Design

  • Frame Construction
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,352 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • No Tub in Bathroom

Laundry

  • Laundry in unit
  • Washer and Electric Dryer Hookup

Schools

  • Fairglen Elementary School
  • Cocoa Middle School
  • Cocoa High School

Farming

  • Barn

Utilities

  • Cooling Available
  • Heating Available
  • Septic Tank

Community Details

  • No Home Owners Association
  • Canaveral Groves Replat Unit 3 Sheet 2 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 24-35-09-25-00016.0-0012.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,775

Year Built

Built in 1981 | Remodeled

Lot Details

2.17 Acres

Listing Details

  • Property Type: Residential
  • Year Built: 1981
  • Reso Property Sub Type: Single Family Residence
  • ResoLaundryFeatures: Electric Dryer Hookup, In Unit, Washer Hookup
  • ResoLotFeatures: Many Trees
  • Road Frontage Type: Private Road
  • Road Surface Type: Gravel
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Canaveral Groves Replat Unit 3 Sheet 2
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Reso Other Structures: Barn(s)
  • Reso Property Condition: Updated/Remodeled
  • General Property Information Community Fee(s) YN: No
  • General Property Information CDD Fee YN: No
  • Marketing Remarks:Marketing Remarks: Questions? Call Shalom 321-205-5704 Nestled on a generous 2.17-acre lot, originally three lots now combined, this remarkable property has been updated from the roof to the floors. The home boasts a new roof, soffit, fascia, stucco, and fresh paint inside and out. The interior shines with new floors, a water heater, appliances, cabinets, mirrors, doors, baseboards, and glass sliders. With three lots combined into one, the possibilities are endless. You can expand the current residence, build additional structures, or construct a new home while keeping the existing one for in-laws. This expansive property can accommodate all your dreams. Equine enthusiasts will appreciate the 3,000 sq ft open-air pole barn, featuring eight stalls, a tack room, hay room, and wash room. The land can also be used as a riding ring and pasture, providing ample space for equine activities. Without association restrictions, your vision for the estate can be realized.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Ceiling Fan(s), Eat-in Kitchen, Primary Downstairs, Primary Bathroom - Shower No Tub
  • Flooring: Laminate, Tile
  • Appliances: Dishwasher, Electric Range, Microwave
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Stories: 1

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Acres: 2.17
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Frame, Stucco
  • Direction Faces: North

Garage/Parking

  • Attached Garage: No
  • Parking Features: Other

Utilities

  • Cooling: Electric
  • Utilities: Electricity Connected
  • Heating: Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Middle Or Junior School: Cocoa

Lot Info

  • Current Use: Horses, Ranch, Residential, Single Family
  • Lot Dimensions: 380.5X305,7X231.1X384.5
  • Lot Size Sq Ft: 94525.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 24-35-09-25-00016.0-0012.00

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3774.59

MLS Schools

  • Elementary School: Fairglen
  • High School: Cocoa

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2024
Closed on
Nov 22, 2024
Sold by
Bought by
Seller's Agent
Shalom McGoffin
Engel&Voelkers Melb Beachside
Buyer's Agent
Shalom McGoffin
Engel&Voelkers Melb Beachside
List Price
$550,000
Sold Price
$470,000
Premium/Discount to List
-$80,000
-14.55%
Views
93
Current Estimated Value
$473,263

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,263
Avg. Annual Appreciation
0.45%
Original Mortgage
$125,000
Outstanding Balance
$122,846
Interest Rate
6.44%
Mortgage Type
New Conventional
Estimated Equity
$350,417

Purchase Details

Closed on
Apr 29, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
8.2%

Purchase Details

Closed on
Feb 25, 2004
Sold by
Bought by

Purchase Details

Closed on
Jul 31, 2003
Sold by
Bought by

Purchase Details

Closed on
Jul 5, 1996
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,900
Interest Rate
7.99%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$470,000 None Listed On Document
$470,000 None Listed On Document
$208,900 Alliance Title
-- North American Title Company
$141,500 North American Title Company
$89,900 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $125,000
Closed $125,000
Previous Owner $150,000
Previous Owner $80,900
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/22/2024 11/22/24 Sold $470,000 -6.0% $348 / Sq Ft
10/14/2024 10/14/24 Pending -- -- --
07/15/2024 07/15/24 Price Changed $499,900 -9.1% $370 / Sq Ft
06/22/2024 06/22/24 For Sale $550,000 -- $407 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,953 $305,160 -- --
2024 $3,775 $309,190 -- --
2023 $3,775 $278,130 $0 $0
2022 $3,352 $254,620 $0 $0
2021 $3,053 $193,290 $111,000 $82,290
2020 $3,074 $193,950 $111,000 $82,950
2019 $1,926 $117,010 $0 $0
2018 $1,838 $108,150 $0 $0
2017 $1,710 $91,110 $0 $0
2016 $1,688 $89,500 $17,910 $71,590
2015 $1,623 $70,280 $410 $69,870
2014 $1,532 $63,930 $410 $63,520
Source: Public Records

Agents Affiliated with this Home

  • Shalom McGoffin

    Seller's Agent in 2024

    Shalom McGoffin

    Engel&Voelkers Melb Beachside

    (321) 205-5704

    1 in this area

    96 Total Sales

    Shalom McGoffin
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Map

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

MLS Number: 1017592

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 24-35-09-25-00016.0-0012.00

Florida Brevard County Cocoa 32926 Canaveral Groves

5221 Palm Ave, Cocoa, 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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