0.23 acre build-able single family residential lot [SRE Zoning with 1800 sq. ft. minimum home) available in the highly desired Port Malabar Unit #31 of Palm Bay. The property is only 2.2 miles from the famous Compound and 3 miles to Bayside Lakes. Located in the southwest section, this lot has City Water available, and is just 1.2 miles - 3 minutes to Westside Elementary School, 3.2 miles - 7 minutes to the Publix Supermarket, 14.7 miles - 27 minutes to Melbourne International Airport, and 17.5 miles - 31 minutes to the beaches of Indialantic. From exit #176 of I-95 go west on Palm Bay Road NE for .7 miles, left on Minton Road for 3.3 miles, right on Jupiter Boulevard SW for .1 mile, left on DeGroodt Road SW for 3.5 miles, and right on Olsmar. The lot will be on your left in .7 miles.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$811
Per Month
Principal & Interest
$744
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$513
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Westside Elementary School
2175 Degroodt Rd SW
Distance between this listing and this school0.84 miles
Public District Grades PK-6
6
/10
Jupiter Elementary School
950 Tupelo Rd SW
Distance between this listing and this school3.38 miles
Public District Grades PK-6
6
/10
Odyssey Preparatory Charter Academy
1350 Wyoming Dr SE
Distance between this listing and this school3.44 miles
Public Charter Grades KG-6
Nearby Schools
2
/10
Southwest Middle School
451 Eldron Blvd SE
Distance between this listing and this school3.93 miles
Public District Grades 7-8
6
/10
Royal Palm Charter School
7145 Babcock St NE
Distance between this listing and this school4.45 miles
Public Charter Grades KG-8
8
/10
Pineapple Cove Classical Academy at West Melbourne
3455 Norfolk Pkwy
Distance between this listing and this school7.30 miles
Public Charter Grades KG-8
Nearby Schools
3
/10
Bayside High School
1901 Degroodt Rd SW
Distance between this listing and this school1.12 miles
Public District Grades 9-12
6
/10
Odyssey Charter School
1755 Eldron Blvd SE
Distance between this listing and this school2.07 miles
Public Charter Grades KG-12
7
/10
Pineapple Cove Classical Academy
6162 Minton Rd NW
Distance between this listing and this school4.63 miles
The neighbors living near this home have an average income of $56,628. Residents of Palm Bay, FL typically earn between $35k-100k each year. The majority of families are married, with kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 580 Olsmar St SW
What is the listing price of this property?
The listing price of 580 Olsmar St SW property is $149,000.
What type of property is this?
The property 580 Olsmar St SW is land located in Palm Bay, Florida, 32908.
Is this property for sale now?
Active Listing: 580 Olsmar 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 $409 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 580 Olsmar 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 August 01, 2019 and is currently priced at $149,000.
In October 2024, from all listings sold in Palm Bay, FL there were more than 28 sold above asking price, over 85 sold below and more than 77 were sold right at the asked price. The number of homes for sale in Palm Bay, FL increased by 1.7% between September 2024 and October 2024. 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.
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.
Extreme Sports
Extreme Sports
College Football
Motocross
Academy Sports & Outdoors
Express/Express For Men
GameStop
Little Caesars
Sonic
Cracker Barrel
Chevrolet
Kia
Jeep
Country
New Country