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  • Gancedo and Free Street in SW Palm Bay is Sold!

    Sold

    SW Palm Bay, Palm Bay  -  The lot / land at Gancedo and Free Street has been sold.

    Property information

  • $8,000.00 Tax Credit to First-Time Home Buyers - Beginning Info

    Bringing the Dream of Homeownership Within Reach

    As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed legislation that grants a tax credit of up to $8,000 to first-time home buyers.

    Here is more information about how the 2009 First-Time Home Buyer Tax Credit can help prospective home buyers become part of the American dream.

    Breaking news: Tax Credit Can Be Used on Closing Costs.

    Who Qualifies?

    First-time home buyers who purchase homes between January 1, 2009 and December 1, 2009.

    To qualify as a “first-time home buyer” the purchaser or his/her spouse may not have owned a residence during the three years prior to the purchase.

    Which Properties Are Eligible?

    The 2009 First-Time Home Buyer Tax Credit may be applied to primary residences, including: single-family homes, condos, townhomes, and co-ops.

    How Much Will the Credit Be?

    The maximum allowable credit for home buyers is $8,000. Each home buyer’s tax credit is determined by two factors:

    The price of the home—the credit is equal to 10% of the purchase price of the home, up to $8,000.

    The buyer's income—single buyers with incomes up to $75,000 and married couples with incomes up to $150,000—may receive the maximum tax credit.

    If the Buyer(s)’ Income Exceeds These Limits, Can He/She Still Get a Credit?

    Yes, some buyers may still be eligible for the credit.

    The credit decreases for buyers who earn between $75,000 and $95,000 for single buyers and between $150,000 and $170,000 for home buyers filing jointly. The amount of the tax credit decreases as his/her income approaches the maximum limit. Home buyers earning more than the maximum qualifying income—over $95,000 for singles and over $170,000 for couples are not eligible for the credit.

    Will the Tax Credit Need to Be Repaid?

    No. The buyer does not need to repay the tax credit, if he/she occupies the home for three years or more. However, if the property is sold during the three-year period, the credit will be recouped on the sale.

  • REIT's - An article by Michael V. Copeland of Fortune

    Are REITs a key to real estate recovery?

    NEW YORK – June 24, 2009 – If you want to bet on the real estate recovery without finding financing and taking possession of property, then consider buying real estate investment trusts.

    Fortune magazine says that blue-chip REITs offer a reasonably conservative opportunity for individual investors to profit from the coming real estate rebound. Boston Properties (BXP), Regency Centers (REG), Simon Property Group (SPG), and Vornado Realty Trust (VNO) appear to be among the strongest, the magazine says.

    Philip Martin, a senior vice president of Golub & Co., a real estate investment and development firm, thinks there isn’t an oversupply of commercial properties.

    “So when we do recover, you are likely to see a pretty healthy snap-back in real estate prices,” he says. “This is an excellent environment for those REITs with the right combination of knowledge and capital. They are going to have an opportunity to make some great deals, and the risk-adjusted returns at this point in the real estate cycle are going to be pretty darn good.”

    Source: Fortune, Michael V. Copeland (06/22/2009)
  • Florida Existing Home, Condo Sales up in May 2009 - An Article by the Florida Association of Realtors

    Florida’s existing home, condo sales up in May 2009

    ORLANDO, Fla. – June 23, 2009 – Florida’s existing home sales rose in May – the ninth month in a row that sales activity increased in the year-to-year comparison, according to the latest housing data released by the Florida Association of Realtors® (FAR). Statewide sales showed gains over the previous month’s sales level in both the existing home and existing condominium markets. Also, for the first time in many months, the statewide median sales price in May for existing homes and for existing condos rose over the previous month’s figure.

    Existing home sales rose 16 percent last month with a total of 13,921 homes sold statewide compared to 12,044 homes sold in May 2008, according to FAR. Statewide existing home sales in May increased 6.2 percent over April’s statewide activity. Florida Realtors also reported a 21 percent rise in statewide sales of existing condos in May; existing condo sales last month rose 3.8 percent over the total units sold in April.

    “The improving sales of existing single family homes and condos is a trend we have been seeing for several months in Florida. What is new in this month’s data release is that we are seeing evidence of prices beginning to firm,” says Dr. Sean Snaith, director for the University of Central Florida’s Institute for Economic Competitiveness. “While one month of data does not a trend make, it is the first green shoot we have seen in some time as far as prices are concerned. Until prices stop declining, we cannot state with confidence that the housing market has stabilized. Sales have risen to levels we have not seen since 2006, though the economy still faces headwinds. As credit markets begin to thaw this will help speed along this process of recovery in the housing market.”

    Thirteen of Florida's metropolitan statistical areas (MSAs) reported increased existing-home sales in May and 13 MSAs also showed gains in condo sales. A majority of the state's MSAs have reported increased sales for 11 consecutive months.

    Florida’s median sales price for existing homes last month was $144,400; a year ago, it was $203,800 for a 29 percent decrease. However, the statewide existing home median price in May was higher than the statewide median price reported in each of the previous four months. According to housing industry analysts with the National Association of Realtors® (NAR), sales of foreclosures and other distressed properties continue to lower the median price because they generally sell at a discount relative to traditional homes. The median is the midpoint; half the homes sold for more, half for less.

    The national median sales price for existing single-family homes in April 2009 was $169,800, down 14.9 percent from a year earlier, according to NAR. In California, the statewide median resales price was $256,700 in April; in Massachusetts, it was $275,000; in Maryland, it was $255,587; and in New York, it was $185,000.

    According to NAR’s latest housing industry outlook, buyers are responding to favorable market conditions. “The $8,000 first-time buyer tax credit is beginning to impact the market,” said NAR Chief Economist Lawrence Yun. “Since first-time buyers must finalize their purchase by Nov. 30 to get the credit, we expect greater activity in the months ahead and that should spark more sales by repeat buyers.” Many homebuyers are taking advantage of the bargain prices offered on foreclosed listings in states like Florida, California and Nevada, Yun noted, which should “set the stage for healthy market conditions going forward.”

    In Florida’s year-to-year comparison for condos, 4,839 units sold statewide compared to 3,998 units in May 2008 for a 21 percent increase. The statewide existing condo median sales price last month was $113,400; in May 2008 it was $181,700 for a 38 percent decrease. May’s statewide existing condo median price was the same as January’s statewide median, and was higher than the median reported in February, March or April. The national median existing condo price was $173,900 in April 2009, according to NAR.

    Interest rates for a 30-year fixed-rate mortgage averaged 4.86 percent last month, down significantly from the average rate of 6.04 percent in May 2008, according to Freddie Mac. FAR’s sales figures reflect closings, which typically occur 30 to 90 days after sales contracts are written.

    Among the state’s smaller markets, the Melbourne-Titusville-Palm Bay MSA reported a total of 584 homes sold in May compared to 491 homes a year ago for a 19 percent increase. The existing home median sales price was $123,700; a year ago, it was $163,100 for a 24 percent decrease. In the year-to-year comparison for the existing condo market, 123 units sold in the MSA last month, up 6 percent compared to 116 condos sold the previous May. The market’s existing condo median price last month was $134,400; a year earlier, it was $144,300 for a 7 percent decrease.

    © 2009 FLORIDA ASSOCIATION OF REALTORS
  • Mortgage Rates Tick up - An article by Alan Zibel of The Associated Press

    WASHINGTON – June 26, 2009 – Rates for 30-year home loans edged up this week, remaining above record lows reached over the spring.

    The average rate for a 30-year fixed mortgage was 5.42 percent, up from 5.38 percent a week earlier, mortgage company Freddie Mac said Thursday.

    “Mixed economic reports on the state of the housing market helped hold mortgage rates fairly flat,” Frank Nothaft, Freddie Mac’s chief economist, said in a statement.

    Rates on 30-year mortgages fell to a record low of 4.78 percent earlier this year. But then they rose as high as 5.6 percent earlier this month after yields on long-term government debt, which are closely tied to mortgages rate, climbed as investors worried that the huge surplus of government debt hitting the market could trigger inflation.

    Since then, the yield on the 10-year Treasury note has fallen back from an 8-month high of 4.01 percent reached last week to 3.61 percent early Thursday afternoon.

    Though there are signs the troubled U.S. housing market is beginning to stabilize, higher rates could threaten or slow down any recovery, since prospective buyers would be able to borrow less money and might decide to hold off on their purchases.

    Economists worry that the housing market is so fragile that rates that would have seemed attractive a decade ago are no longer very enticing.

    Freddie Mac collects mortgage rates on Monday through Wednesday of each week from lenders around the country. Rates often fluctuate significantly, even within a given day.

    The average rate on a 15-year fixed-rate mortgage fell to 4.87 percent, down from 4.89 percent last week, according to Freddie Mac.

    Rates on five-year, adjustable-rate mortgages averaged 4.99 percent, up from 4.97 percent a week earlier. Rates on one-year, adjustable-rate mortgages fell to 4.93 percent from 4.95 percent.

    The rates do not include add-on fees known as points. The nationwide fee for all loans in Freddie Mac’s survey averaged 0.7 point.

    Copyright © 2009 The Associated Press, Alan Zibel, AP Real Estate Writer. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
  • Canaveral Groves / Cocoa / Port St. John Sales list for May 28th through June 28th

    No sales this month........

  • Mims / Titusville / Indian River Park Sales list for May 28th through June 28th

    SelS
    T
    MLSP
    T
    Address AreaSubdivCity/State/ZipAcrList $Sell $SOSASell DateDOM
                                  
    C508493V0 N of Palm Ave101 Mims/ScottsmoorINDIAN RIVER PARKMims,FL 32754.22$1,200 $1,200034420846106/23/2009410
    C503895V0 Turpentine Road102 Mims/Tville SR46-GardenSEMINOLE GROVE SEC CMIMS,FL 327544.84$139,900 $120,000CBDR51840606/22/2009770
    Status - CTOT LP:$141,100HI:$139,900LO:$1,200MEDIAN:$70,550AVG:$70,550AVG DM:590
     TOT SP:$121,200HI:$120,000LO:$1,200MEDIAN:$60,600AVG:$60,600
    Grand Total: TOT LP:$141,100HI:$139,900LO:$1,200MEDIAN:$70,550AVG:$70,550AVG DM:590
     TOT SP:$121,200HI:$120,000LO:$1,200MEDIAN:$60,600AVG:$60,600




    Displaying matches 1 through 2 of 2Selected Criteria
    ActSt:Sol
    SellDt:05/28/2009 - 06/28/2009
    Area:101,102,103,104
    Co:Brevard
    This display was created 06/28/2009.
  • Malabar / Grant / Valkaria Sales list for May 28th through June 28th

    SelS
    T
    MLSP
    T
    Address AreaSubdivCity/State/ZipAcrList $Sell $SOSASell DateDOM
                                  
    C528798V0 Prosperity LN342 Malabar/Grant-ValkariaLOTS 1 2 7 TO 12 17 TO 25 W 1/2Malabar,FL 329501.4$22,000 $20,000034420973206/12/2009142
    C538590V1822 SE PLANTATION CIR342 Malabar/Grant-ValkariaGREENWOOD PLANTATIONPALM BAY,FL 329091.01$85,000 $65,000007520616906/12/200932
    C512823V0 Highway 1 342 Malabar/Grant-ValkariaLOT 2Grant Valkaria,FL 32949.73$349,900 $310,000048220742906/01/2009263
    Status - CTOT LP:$456,900HI:$349,900LO:$22,000MEDIAN:$85,000AVG:$152,300AVG DM:146
     TOT SP:$395,000HI:$310,000LO:$20,000MEDIAN:$65,000AVG:$131,667
    Grand Total: TOT LP:$456,900HI:$349,900LO:$22,000MEDIAN:$85,000AVG:$152,300AVG DM:146
     TOT SP:$395,000HI:$310,000LO:$20,000MEDIAN:$65,000AVG:$131,667




    Displaying matches 1 through 3 of 3Selected Criteria
    ActSt:Sol
    SellDt:05/28/2009 - 06/28/2009
    Area:342
    Co:Brevard
    This display was created 06/28/2009.
  • Port Malabar/Palm Bay/Deer Run Sales List for May 28th to June 28th

    SelS
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    MLSP
    T
    Address AreaSubdivCity/State/ZipAcrList $Sell $SOSASell DateDOM
                                  
    C540310V2244 SW WOODSTOCK DR345 SW Palm BayPORT MALABAR UNIT 53PALM BAY,FL 32908.23$3,000 $3,00001009620844406/18/200934
    C538410V0 Laredo 343 SE Palm BayPORT MALABAR UNIT 51PALM BAY,FL 32908.31$4,000 $3,000093301013305/28/200922
    C540103V2748 SW FLEMING AVE345 SW Palm BayPORT MALABAR UNIT 30PALM BAY,FL 32908.23$7,000 $5,000APO50744506/12/200915
    C479996V4167 SW OSMOSIS DR345 SW Palm BayPORT MALABAR UNIT 31PALM BAY,FL 32908.23$7,900 $7,500050120284606/04/2009632
    C536406V450 SW J.A. BOMBARDIER BLVD345 SW Palm BayPORT MALABAR UNIT 31PALM BAY,FL 32908.23$8,900 $8,000050120284606/04/200939
    C536408V458 SW J.A. BOMBARDIER BLVD345 SW Palm BayPORT MALABAR UNIT 31PALM BAY,FL 32908.23$8,900 $8,000050120284606/04/200939
    C533383V2441 SW BIMINI AVE345 SW Palm BayPORT MALABAR UNIT 49PALM BAY,FL 32908.46$9,025 $8,000APO50744506/22/2009101
    C534432V467 SE DOMINICAN AVE343 SE Palm BayPORT MALABAR UNIT 10PALM BAY,FL 32909.24$9,500 $8,500044420715006/11/200993
    C538442V150 DOLPHIN ST SE 343 SE Palm BayPORT MALABAR UNIT 10PALM BAY,FL 32909.3$9,990 $9,000034420973206/04/200936
    C534625V2235 SE EMERSON DR343 SE Palm BayPORT MALABAR UNIT 11PALM BAY,FL 32909.23$10,490 $8,000015020754206/26/2009104
    C534662V627 NE Almansa Street340 NE Palm BayPORT MALABAR UNIT 7Palm Bay,FL 329073122.23$11,990 $9,000044420715006/15/200991
    C539134V201 SE BREAKWATER ST343 SE Palm BayPORT MALABAR UNIT 12PALM BAY,FL 32909.23$13,000 $7,50003011720826606/12/200947
    C538653V494 SE FLAGLER RD343 SE Palm BayPORT MALABAR UNIT 25PALM BAY,FL 32909.47$14,900 $12,000050120284606/04/20097
    C539631V990 SE BROCKSMITH ST343 SE Palm BayPORT MALABAR UNIT 9PALM BAY,FL 32909.26$17,000 $12,000050120284606/04/20099
    C531223V0 Treasure LN343 SE Palm BayLOT 32 AS PER PB 1 PG 166Grant Valkaria,FL 329491.24$39,900 $34,000AREI50523106/17/2009114
    SelS
    T
    MLSP
    T
    Address AreaSubdivCity/State/ZipAcrList $Sell $SOSASell DateDOM
                                  
    C536820V314 APPALOOSA ST347 Southern Palm BayDEER RUNPALM BAY,FL 329092.75$39,900 $38,000034420973206/04/200929
    C518127V373 DEER RUN RD347 Southern Palm BayDEER RUNPALM BAY,FL 329092.53$49,000 $43,000007520061006/26/2009290
    SelS
    T
    MLSP
    T
    Address AreaSubdivCity/State/ZipAcrList $Sell $SOSASell DateDOM
                                  
    C518123V5 STALLION CT347 Southern Palm BayDEER RUNPALM BAY,FL 329092.53$49,900 $38,000SHOW50697205/28/2009232
    Status - CTOT LP:$314,295HI:$49,900LO:$3,000MEDIAN:$10,240AVG:$17,461AVG DM:107
     TOT SP:$261,500HI:$43,000LO:$3,000MEDIAN:$8,250AVG:$14,528
    Grand Total: TOT LP:$314,295HI:$49,900LO:$3,000MEDIAN:$10,240AVG:$17,461AVG DM:107
     TOT SP:$261,500HI:$43,000LO:$3,000MEDIAN:$8,250AVG:$14,528




    Displaying matches 1 through 18 of 18
    Selected Criteria
    ActSt:Sol
    SellDt:05/28/2009 - 06/28/2009
    Area:340,341,343,344,345,346,347
    Co:Brevard
  • 827 SW Dalhart Avenue in SW Palm Bay is Sold!

    Sold

    SW Palm Bay, Palm Bay  -  The single story at 827 SW Dalhart Avenue has been sold.

    Property information

  • Price Reduced on SE Saipan and Paramount + 2 adj. lots in Port Malabar Unit 16

    Port Malabar Unit 16, SE Palm Bay  -  Announcing a price reduction on SE Saipan and Paramount + 2 adj. lots, a 31,625 sq. ft. lot / land "0.73 acres". Now MLS® $49,500 - Port Malabar Unit #16.

    Property information

  • Lot / Land For Sale in Port Malabar Unit 46

    1445 martinez primary
    City Water Buildable Lot

    • 10,000 sq. ft. lot / land "0.23 acres" - MLS® $12,000 - Port Malabar Unit #46

     -  Interior 0.23 acre city water lot on a drainage right-of-way easement available in Port Malabar Unit #46. Conveniently located in the SE Section of Palm Bay, this property is just 3.7 miles -11 minutes- to Publix Shopping, 4.7 miles -13 minutes- to Westside Elementary and Bayside High Schools, and just 14.08 miles -30 minutes- to the ocean in Indialantic. Homes already on the block and neighborhood just east of the Bayside Lakes Subdivision. From Exit #173 of I-95 go west on Malabar Road SE for 0.2 miles. Turn left on San Filippo Drive SE and proceed south for 4.41 miles. Turn left on Ramsdale Drive SE, and left on Martinez Street SE. Proceed to 1445 Martinez Street SE which is the 5th lot from the corner of Ramsdale and Martinez on the north side of the road.

    Property information

  • Lot / Land For Sale in SW Palm Bay

    corner of hardey and saxony primary
    Oversized Corner Lot near Bayside Lakes

    • 11,625 sq. ft. lot / land "0.27 acres" - MLS® $9,995 - Port Malabar Unit #32

     -  Oversized 0.27 acre CORNER lot available in Port Malabar Unit #32 of Palm Bay. Great location with extra room for your new home. You are just 2.3 miles -7 minutes- from Publix Shopping, 1 mile -2 minutes- from Bayside High School, and 5.3 miles -11 minutes- to the Super Walmart and the I-95 ramp on Malabar Road. From Exit #176 of I-95 go west on Palm Bay Road NE. Turn left on Minton Road and proceed south for 3.3 miles. Turn right on Jupiter Boulevard and left on Degroodt Road SW. Proceed south for 1.5 miles and turn left on Saxony Road SW.Turn right on Hardey Road SW. Proceed to the corner of Hardey and Saxony.

    Property information

  • Price Reduced on 627 NE Almansa Street in Port Malaber Unit 7

    Port Malaber Unit 7, NE Palm Bay  -  Announcing a price reduction on 627 NE Almansa Street, a 10,000 sq. ft. lot / land "0.23 acres". Now MLS® $11,990 - Port Malabar Unit #07.

    Property information

  • Lot / Land For Sale in SW Palm Bay

    sunshine three secondary
    Buldable Triple Lot 0.69 acres!!

    • 30,000 sq. ft. lot / land "Three 0.23 acre lots!" - MLS® $29,700 - Port Malabar Unit #49

     -  Triple side-by-side lot available in Port Malabar Unit #49 of Palm Bay. Very nice location in the SW Section of Palm Bay; where your property is just 2.4 miles -5 minutes- from Westside Elementary School and Bayside Lakes High School, and 4.4 miles -11 minutes- to Publix Shopping. This area is just west of the Bayside Lakes Subdivision and the PGA Majors Golf Course; and a buildable section where new homes are and will be constucted in a rural setting. Own a triple lot,0.69 acres! Owner is looking to sell all 3 lots together. From Exit #173 of I-95 go west on Malabar Road and turn left on Emerson Drive SE. Turn right on Jupiter Boulevard and proceed 1.6 miles. Turn left on DeGroodt Road SW and proceed south for 3.3 miles. Turn right on Emerson Drive SW, Left on Garland Avenue, Right on Oldenberg Street, Right on Laika Road, Left on Anjar Avenue and Right on Sunshine Street. Proceed to Sunshine Street which is the 5th,6th and 7th lot from the corner on the south side of the road.
    Directions: See directions in addendum. DeGroodt, R on Emerson,L on Garland, R on Oldenberg, R on Laika,L on Anjar, R on Sunshine


    Unit/Add'n: 49 Assumable: Deed Rest: No Bank/Corp Owned: No
    Equitable Interest: Home Ownrs Assc: No P.U.D: No 55+ Community: No
    Gated Community: No Assessment: HOA$/Term: / Front Faces: N



    Features
    Property Use: Residential Land
    Site Desc: Other-See Remarks
    Utilities: Septic System , Water-Well
    Loc Desc: Buildable , Fill May Need , FLD INS May Be Req , Lot-City , Sold As Is


    Water Desc: Current Adjacent: Residential , Vacant
    Road Surface: Paved Security/Safety:
    Sale Option: Docs on File:
    Assoc. Fees Inc: Owner Consider: Cash , Conventional
    Comm Amen: Showing: Drive By Okay
    Possession: Closing







    Taxes: $339.46 Tax Year: 2005 Tax Acct: 2919366 Tax ID: 29-36-35-KS-02558.0-0005,6,7.00
    Plat Book #: 0022 Plat Book Pg: 0140


    Legal: LOT 5,6,7 BLK 2558 Unit #49

    Property information

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