$675,000
SOLD APR 22, 2022

1001 Foster Rd Sebastian, FL 32958

-- Bed
-- Bath
4,020 Sq Ft
0.64 Acres

Recently Sold

$168 Per Sq Ft

10% Below List Price

24 Days on Market

Highlights

  • Corner Lot
  • Patio
  • Sliding Doors
  • Sebastian Elementary School Rated 9+
  • Tile Flooring
  • Central Heating and Cooling System

About This Home

As of April 2022

WOW!Nice Investment opportunity in the heart of Sebastian! 5 unit apartment complex with a 5 car garage too! Two 1 bedroom units and Three 2 bedroom units! All occupied too. Also has a shared laundry room too. Located a short walk to Sebastian's riverfront. Please 24 hrs notice to view. Nice big corner lot .64 of a acre! Call for your own private showing of this 5 unit apartment complex.

Last Agent to Sell the Property

Joseph Beaudoin

Coldwell Banker Paradise License #3081379 Listed on: 02/26/2022

Coldwell Banker Paradise

Last Buyer's Agent

Gayle D'Haeseleer

RE/MAX Select Group License #3375408

RE/MAX Select Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,068

Year Built

  • Built in 1987

Lot Details

  • 0.64 Acre Lot
  • Corner Lot
  • Few Trees

Parking

  • 3 Car Garage

Home Design

  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1-Story Property
  • Blinds
  • Sliding Doors
  • Combination Dining and Living Room
  • Tile Flooring
  • Fire and Smoke Detector
  • Laundry Located Outside

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Listing and Financial Details

  • Tenant pays for air conditioning, cable TV, electricity
  • The owner pays for common area maintenance, grounds care, insurance, taxes, trash collection, water
  • Assessor Parcel Number 31390600000500000008.1

Community Details

Overview

  • Coldwell Banker Paradise Association
  • Sebastian Highlands Subdivision

Building Details

  • 5 Separate Electric Meters
  • Insurance Expense $4,000
  • Maintenance Expense $4,300
  • Operating Expense $25,090
  • Gross Income $62,785
  • Net Operating Income $37,695

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,068

Year Built

Built in 1987

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.64
  • Lot Size: 27768
  • Road Surface Type: Paved
  • Professional Management Expense: 5655.0
  • Subdivision Name: Sebastian Highlands
  • Directions: US 1 to CR512 to Louisiana to Foster. Signs on property.
  • Garage Yn: Yes
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 1987
  • Attribution Contact: 772-589-7777
  • Special Features: None
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Possible Use: Residential
  • Owner Pays: Common Area Maintenance, Grounds Care, Insurance, Taxes, Trash Collection, Water
  • Door Features: Sliding Doors
  • Fireplace: No
  • Flooring: Tile
  • Interior Amenities: Living/Dining Room
  • Stories: 1
  • Window Features: Blinds, Single Hung

Exterior Features

  • Lot Features: Corner Lot, 1/2 to 1 Acre Lot, Few Trees
  • Pool Features: None
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Frame
  • Exterior Features: Patio
  • Patio And Porch Features: Patio
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 3.0
  • Parking Features: Three Car Garage, Three or more Spaces
  • Total Parking Spaces: 10.0

Utilities

  • Laundry Features: Common Area, Outside
  • Security: Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Public
  • Annual Utilities Expense: 3000.0

Condo/Co-op/Association

  • Community Features: None, Patio
  • Association Name: COLDWELL BANKER PARADISE

Schools

  • Junior High Dist: Indian River County Schools

Lot Info

  • Parcel #: 31390600000500000008.1
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Air Conditioning, Cable TV, Electricity

Multi Family

  • Annual Gross Income: 62785.0
  • Insurance Expense: 4000.0
  • Maintenance Expense: 4300.0
  • Property Net Operating Income: 37695.0
  • Annual Operating Expense: 25090.0
  • Number Of Separate Electric Meters: 5

Tax Info

  • Tax Annual Amount: 8068.0
  • Tax Year: 2021

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/01/2023 01/01/23 Rented $1,250 0.0% --
12/02/2022 12/02/22 Under Contract -- -- --
10/12/2022 10/12/22 For Rent $1,250 0.0% --
04/22/2022 04/22/22 Sold $675,000 -10.0% $168 / Sq Ft
03/23/2022 03/23/22 Pending -- -- --
02/26/2022 02/26/22 For Sale $750,000 +56.6% $187 / Sq Ft
12/23/2019 12/23/19 Sold $479,000 0.0% $119 / Sq Ft
11/23/2019 11/23/19 Pending -- -- --
10/28/2019 10/28/19 For Sale $479,000 +69.3% $119 / Sq Ft
05/13/2014 05/13/14 Sold $283,000 -8.7% $70 / Sq Ft
04/13/2014 04/13/14 Pending -- -- --
03/15/2014 03/15/14 For Sale $310,000 -- $77 / Sq Ft
Source: REALTORS® Association of Indian River County

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Judith Cates

    Elmdale Management Group LLC

    (772) 202-0442

    5 Total Sales

    Judith Cates
    Section Image

  • J

    Seller's Agent in 2022

    Joseph Beaudoin

    Coldwell Banker Paradise

    (772) 321-5152

    41 Total Sales

    Joseph Beaudoin
    Section Image
  • Gayle D'Haeseleer

    Buyer's Agent in 2022

    Gayle D'Haeseleer

    RE/MAX

    (772) 473-3394

    91 Total Sales

    Gayle D'Haeseleer
    Section Image
  • Darlene Cetola

    Seller's Agent in 2014

    Darlene Cetola

    Treasure Coast Realty LLC

    (772) 473-4168

    44 Total Sales

    Darlene Cetola
    Section Image
See All Agents

Map

Source: REALTORS® Association of Indian River County

MLS Number: 252209

APN: 31-39-06-00000-5000-00008.1

Florida Indian River County Sebastian 32958

1001 Foster Rd, Sebastian, FL

This home is located at 1001 Foster Rd, Sebastian, FL 32958 and is currently priced at $675,000, approximately $167 per square foot. This property was built in 1987. 1001 Foster Rd is a home located in Indian River County with nearby schools including Sebastian Elementary School, Sebastian River Middle School, and Sebastian River High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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