6 months on rocket

518 Lambright St SW, Palm Bay, FL, 32908

$45,000

0.23 Acres
Land

Location

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Property Highlights

Home TypeUnimproved Land
MLS #1012380
Lot Size0.23 Acres
StatusActive

About 518 Lambright St SW

Don't miss your chance to build your dream home or invest in this prime 1/4 acre lot located in the rapidly growing southwest section of Palm Bay. With newly paved roads and numerous houses already under construction, this area is booming with exciting development. What really sets this lot apart is its incredible future accessibility. The proposed St. John's Heritage Pkwy will run just west of St. Andre, providing quick and convenient access to Melbourne, I-95, and all the area has to offer. As this parkway takes shape, growth, and property values are expected to soar. Act now before prices rise further! Take advantage of OWNER FINANCING to secure this promising lot. FULL PRICE ONLY. with OFFICE ADDENDUM must accompany the contract included in DOCS along with financing terms. With over 600 lots in our Palm Bay inventory, we have many options for you to choose from. But this 1/4 acre jewel in the blossoming southwest won't last long. Don't miss your chance to build your dream home or invest in this prime 1/4 acre lot located in the rapidly growing southwest section of Palm Bay. With newly paved roads and numerous houses already under construction, this area is booming with exciting development. What really sets this lot apart is its incredible future accessibility. The proposed St. John's Heritage Parkway will run just west of the property, providing quick and convenient access to Melbourne, I-95, and all the area has to offer. As this parkway takes shape, growth, and property values are expected to soar. Act now before prices rise further! Take advantage of owner financing available to secure this promising lot today. Full price contracts and an office addendum with financing terms are included, making it easy to get started. With over 600 lots in our Palm Bay inventory, we have many options for you to choose from. But this 1/4 acre jewel in the blossoming southwest won't last long. Contact us immediately to schedule your viewing and claim your piece of Palm Bay's bright future!

Property Details

Property Features

Listing Office:

  • Office Name: M. David Moallem, Inc
  • Office Phone: (321) 724-2424
  • Listing Agent: Vahid Reza Rajabian

Virtual/3D Tour

  • Virtual Tour: 518 Lambright St SW
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Lot Features

Lot Information:

  • Lot: Wooded
  • Lot Size: 0.23 Acres

Other

Directions Information:

  • Directions: From San Fillipo or Degroodt, go west on St. Andre' then turn right on Pomello then right on lambright the lot is on the right towards the end of block.

Price Information

Listing Price Info

Price Summary:

  • List Price: $45,000

Tax Information:

  • Annual Amount: $113
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Palm Bay, FL.

Med. Sold Price

$330K

Med. Price/SqFt

$193

Avg. Days On Market

64

# of Sold Homes

190

518 Lambright St SW vs Palm Bay

205 DAYS ON ROCKET

+141 Days

$45,000

-$285K Less

KEY TAKEAWAY

This property is $285K less than the Median Sold Price in Palm Bay, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Space Coast MLS (Space Coast Association of REALTORS®)
  • MLS Number: #1012380

Listing Office:

  • Office Name: M. David Moallem, Inc
  • Office Phone: (321) 724-2424
  • Listing Agent: Vahid Reza Rajabian

IDX Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 3:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$113$5,000
2019$148$3,880
2018$151$4,200
2017$151$4,000

History based on county public records data.

Payment Calculator

$292

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$201

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-327033
7
/10
  • Westside Elementary School

  • 2175 Degroodt Rd SW

  • 1.49 miles

  • Public District Grades PK-6

school-card-donut-327034
6
/10
  • Odyssey Preparatory Charter Academy

  • 1350 Wyoming Dr SE

  • 3.67 miles

  • Public Charter Grades KG-6

school-card-donut-327035
6
/10
  • Sunrise Elementary School

  • 1651 Mara Loma Blvd SE

  • 3.81 miles

  • Public District Grades PK-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $56,628. Most Palm Bay, FL residents have annual incomes between $35k-100k. The majority of families are married, with kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 518 Lambright St SW

What is the listing price of this property?

The listing price of 518 Lambright St SW property is $45,000.

What type of property is this?

The property 518 Lambright St SW is land located in Palm Bay, Florida, 32908.

Is this property for sale now?

Active Listing: 518 Lambright St SW is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $113 (source: MLS/based on county public records data).

How much acreage is this property?

The property 518 Lambright St SW is 0.23 acres.
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Rocket HomesFloridaBrevard CountyPalm Bay32908518 Lambright St SW

This home is located at 518 Lambright St SW in Palm Bay, FL and zip code 32908 in the Port Malabar neighborhood. This home sits on a 0.23 acre lot. It has been listed on Rocket Homes since April 29, 2024 and is currently priced at $45,000.

Palm Bay, FL housing market in October 2024 saw over 28 listings sold above listed price, more than 77 sold at listed price and over 85 sold below. The inventory of homes for sale in Palm Bay, FL between September 2024 and October 2024 increased by 1.7%. The median list price of listings available in October 2024 was $330,000, while the average time on the real estate market was 64 days.

From Rocket Homes Real Estate and based on county public records data.

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