NOT LISTED FOR SALE

865 SW 7th Terrace Homestead, FL 33034

Estimated Value: $324,000 - $359,000

3 Beds
2 Baths
1,065 Sq Ft
$324/Sq Ft Est. Value

Last Sold February 29, 2024

Last sale price $339,000 $318 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,432/month

44 Days on Market

Highlights

  • Senior Community
  • Attic
  • Built-In Features
  • Gated Community
  • Porch
  • Ceramic Tile Flooring

About This Home

As of February 2024

Charming 3 bedroom home located in a gated community, Built in 2004!! this a great starter home and or future rental property. Move in ready will not disappoint easy to show.

Last Agent to Sell the Property

David Moreno

Precision Real Estate Group License #3249924 Listed on: 01/15/2024

Co-Listed By

Ryan Valle

Real Estate Craft, LLC. License #3385326

Last Buyer's Agent

Steve Walker

Prestige Realtors Group License #3299431

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,586

Year Built

  • Built in 2004

Lot Details

  • 3,413 Sq Ft Lot
  • North Facing Home
  • Fenced
  • Property is zoned 9300

HOA Fees

  • $115 Monthly HOA Fees

Home Design

  • Shingle Roof

Interior Spaces

  • 1,065 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Ceramic Tile Flooring
  • Attic

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • Driveway
  • Open Parking

Additional Features

  • Porch
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 16-78-25-018-0740

Community Details

Overview

  • Senior Community
  • Villas Of Palm Bay Subdivision

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,586

Year Built

Built in 2004

Lot Details

0

HOA Fees

$115 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2004
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, One Story
  • Co List Office Mls Id: CRFT01
  • Co List Office Phone: 305-725-8913
  • Directions: GPS
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Structure Type: R30-No Pool/No Water, House
  • Subdivision Name: VILLAS OF PALM BAY
  • Year Built Details: Effective Year Built
  • MIAMIRE_PoolYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Built-in Features, Attic
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Ceramic Floor
  • Furnished: Unfurnished
  • Living Area: 1065
  • Possible Use: Primary
  • Bedroom Features: Entry Level
  • Living Room Features: Attic

Exterior Features

  • Roof: Shingle
  • View: None
  • Direction Faces: North
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Open Porch
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: VILLAS OF PALM BAY
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 115
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Community Features: Gated Community, None
  • Senior Community: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 16-78-25-018-0740
  • Lot Size Sq Ft: 3413
  • Zoning: 9300
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3586

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2024
Closed on
Feb 29, 2024
Sold by
Revest Partners Inc
Bought by
Gonzalez Rodolfo Gil and Novo Zinay Garcia
Seller's Agent
David Moreno
Precision Real Estate Group
Buyer's Agent
Steve Walker
Prestige Realtors Group
List Price
$339,000
Sold Price
$339,000
Views
142
Current Estimated Value
$345,365

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,365
Avg. Annual Appreciation
4.04%
Original Mortgage
$332,859
Outstanding Balance
$327,645
Interest Rate
6.63%
Mortgage Type
FHA
Estimated Equity
$32,093

Purchase Details

Listed on
Oct 11, 2023
Closed on
Oct 17, 2023
Sold by
Palacios Frank V
Bought by
Revest Partners Inc
Seller's Agent
Jose Duran Menendez
A & G Team Realty, LLC
Buyer's Agent
Jose Duran Menendez
A & G Team Realty, LLC
List Price
$265,000
Sold Price
$260,000
Premium/Discount to List
-$5,000
-1.89%
Views
374

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
104.84%
Original Mortgage
$265,000
Interest Rate
7.18%
Mortgage Type
Balloon

Purchase Details

Closed on
Nov 17, 2014
Sold by
Palacios Richard and Capote Gelcy
Bought by
Palacios Frank

Purchase Details

Closed on
Apr 23, 2014
Sold by
Palacios Richard
Bought by
Palacios Richard and Capote Gelcy

Purchase Details

Closed on
Jul 15, 2013
Sold by
Day Thomas and Day Ivette
Bought by
Palacios Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 2004
Sold by
Citywide Development Corp
Bought by
Day Thomas and Day Ivette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
5.37%
Mortgage Type
Unknown
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
Gonzalez Rodolfo Gil $339,000 Sunny Title
Revest Partners Inc $260,000 None Listed On Document
Palacios Frank $75,000 Attorney
Palacios Richard -- Attorney
Palacios Richard $65,000 Roberto & Assoc Title Agency
Day Thomas $140,000 Bnd Title Services Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gonzalez Rodolfo Gil $332,859
Previous Owner Revest Partners Inc $265,000
Previous Owner Palacios Richard $52,000
Previous Owner Day Thomas $140,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/29/2024 02/29/24 Sold $339,000 0.0% $318 / Sq Ft
01/15/2024 01/15/24 For Sale $339,000 +30.4% $318 / Sq Ft
10/18/2023 10/18/23 Sold $260,000 -1.9% $244 / Sq Ft
10/16/2023 10/16/23 Pending -- -- --
10/11/2023 10/11/23 For Sale $265,000 -- $249 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $5,219 $246,091 $102,390 $143,701
2024 $3,586 $244,474 $98,977 $145,497
2023 $3,586 $137,404 $0 $0
2022 $3,167 $124,913 $0 $0
2021 $2,684 $113,558 $0 $0
2020 $2,490 $119,101 $27,304 $91,797
2019 $2,294 $113,355 $20,478 $92,877
2018 $2,047 $103,888 $20,478 $83,410
2017 $1,789 $77,563 $0 $0
2016 $1,636 $70,512 $0 $0
2015 $1,507 $64,102 $0 $0
2014 $1,263 $51,953 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11514776

MIAMI REALTORS® MLS

APN: 16-7825-018-0740