For SaleRisky Deal60 days on market
1201 Gem Ct NW
1201 Gem Ct NW, Palm Bay, FL 32907, Palm Bay, FL 32907
$385,000
Estimate®:$383,200
Listing Price
1201 Gem Ct NW, Palm Bay, FL 32907
Loc: Palm Bay, FL
Days Listed
60
Tax Assessed
$264k
Estimate®
$383k
Market Rate
Lot Size
0.35 acres
Rent Estimate
$2,791/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
4
Discovery Elementary School
PK-6
1.8 mi away
5
Central Middle School
7-8
2.8 mi away
4
Heritage High School
9-12
3.8 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
ranch stylesingle-storystucco exteriorattached garagespacious drivewayfront lawnlandscapedpalm treessuburbanneutral color palettehip roofresidentialarched windowwelcoming
Haven AI Verdict
Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
5.43%
Total ROI
76.8%
Cash Flow
$-257/mo
DSCR
0.87
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-257/mo net cash flow with a 5.4% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Palm Bay, FL
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-13 | Price change | $385,000 | $210 |
| 2026-08-22 | Price change | $390,000 | $212 |
| 2026-08-16 | Listed for sale | $400,000 | $218 |
| 2026-08-12 | Pending sale | $400,000 | $218 |
| 2026-08-06 | Listed for sale | $400,000 | $218 |
| 2026-07-30 | Pending sale | $400,000 | $218 |
| 2026-07-25 | Listed for sale | $400,000 | $218 |
| 2024-06-28 | Sold | $390,000 | $212 |
| 2024-05-29 | Pending sale | $395,000 | $215 |
| 2024-05-22 | Listed for sale | $395,000 | $215 |
| 2009-10-07 | Sold | $115,000 | $63 |
| 2009-06-12 | Price change | $119,900 | $65 |
| 2009-05-29 | Price change | $134,900 | $73 |
| 2009-05-16 | Price change | $138,000 | $75 |
| 2009-04-11 | Price change | $139,900 | $76 |
| 2009-04-03 | Listed for sale | $139,000 | $76 |
| 2005-08-01 | Sold | $237,500 | $129 |
| 1993-12-17 | Sold | $88,000 | $48 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $4,107.33 | $263,670 |
| 2024 | $1,102.63 | $96,630 |
| 2023 | $1,061.26 | $93,820 |
| 2022 | $991.49 | $91,090 |
| 2021 | $993.15 | $88,440 |
| 2020 | $968.41 | $87,220 |
| 2019 | $1,107.61 | $85,260 |
| 2018 | $1,107.61 | $83,680 |
| 2017 | $1,080.63 | $81,960 |
| 2016 | $1,091.39 | $80,280 |
| 2015 | $906.27 | $79,730 |
| 2014 | $919.18 | $79,100 |
| 2013 | $0 | $80,370 |
| 2012 | $844.26 | $76,640 |
| 2011 | $1,070.28 | $85,980 |
| 2010 | $1,307.56 | $101,820 |
| 2009 | $1,680.41 | $123,770 |
| 2008 | $2,107.75 | $152,000 |
| 2007 | $2,708.67 | $179,000 |
| 2005 | $1,258.58 | $163,090 |
| 2004 | $1,325.83 | $119,400 |
| 2003 | $1,362.3 | $103,760 |
| 2002 | $1,322.55 | $96,610 |
| 2001 | $1,285.3 | $86,440 |
| 2000 | $1,206.77 | $80,380 |
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