NOT LISTED FOR SALE

106 E Lincoln Ave Melbourne, FL 32901

Estimated Value: $289,569 - $455,000

4 Beds
2 Baths
1,664 Sq Ft
$225/Sq Ft Est. Value

Last Sold October 21, 2020

Last sale price $310,500 $187 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $2,342/month

5 Days on Market

Highlights

  • The property is located in a historic district
  • No HOA
  • 1-Story Property
  • Corner Lot
  • Tile Flooring
  • 4-minute walk to Fee Avenue Playground

About This Home

As of October 2020

Very nice full duplex in great location just minutes from Downtown Melbourne. This property has a large fenced in back yard, tile throughout. New Metal Roof in 2017 and both AC systems were replaced within the last 3 years. The duplex produces $30,000.00 a year, the insurance is $1,993.25, taxes are $3,616.84, lawn service $1,200.00 per year, water & sewer is about $120.00/mth

Last Agent to Sell the Property

Louie Polsinelli

D. Basile Real Estate, LLC License #3030685 Listed on: 10/03/2020

Last Buyer's Agent

Raquel Jimenez

One Sotheby's International

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,821

Year Built

  • Built in 1973

Lot Details

  • 0.25 Acre Lot
  • Corner Lot

Home Design

  • Duplex
  • Metal Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,664 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Electric Range
  • Electric Dryer Hookup

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Location

  • The property is located in a historic district

Schools

  • Harbor City Elementary School
  • Hoover Middle School
  • Melbourne High School

Utilities

  • Central Air
  • Cable TV Available

Listing and Financial Details

  • The owner pays for grounds care, insurance, repairs, sewer, taxes, water
  • Assessor Parcel Number 28-37-03-32-00012.0-0001.00

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Platts Resubd Subdivision

Building Details

  • Operating Expense $8,250
  • Gross Income $30,000
  • Net Operating Income $21,750

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,821

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1973
  • Reso Property Sub Type: Duplex
  • ResoLaundryFeatures: Electric Dryer Hookup
  • ResoLotFeatures: Corner Lot, Historic Area
  • Road Surface Type: Paved
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Platts Resubd
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Location Tax and Legal Parcel Number2: 28-37-03-32-00012.0-0001.00
  • Location Tax and Legal Elementary School: Harbor City
  • Location Tax and Legal Middle School2: Hoover
  • Location Tax and Legal High School: Melbourne
  • Location Tax and Legal Tax Annual Amount: 3820.92
  • Location Tax and Legal Tax Year2: 2020
  • General Property Information Living Area2: 1664.0
  • General Property Information Building Area Total3: 1741.0
  • General Property Information Lot Size Acres: 0.25
  • General Property Information Lot Size Square Feet2: 10890.0
  • General Property Information Waterfront YN: No
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Levels One: Yes
  • Utilities Cable Available: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • Lot Features Historic Area: Yes
  • General Property Information Number Of Units Total2: 2.0
  • Gross Scheduled Income: 30000.0
  • Income And Expenses Operating Expense: 8250.09
  • Utilities Sewer Connected: Yes
  • Owner Pays:Sewer2: Yes
  • General Property Information Number Of Buildings2: 1.0
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Tile
  • Appliances: Electric Range, Refrigerator
  • ResoLivingAreaSource: Other
  • Appliances:Electric Range: Yes

Exterior Features

  • Pool Features: None
  • Roof: Metal
  • Acres: 0.25
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Lot Features:Corner Lot: Yes

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Information:Garage YN: No
  • General Property Information:Parking Total: 2.0
  • General Property Information:Open Parking Spaces2: 2.0

Utilities

  • Cooling: Central Air
  • Utilities: Cable Available, Sewer Connected, Water Available
  • Cooling Y N: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Hoover

Lot Info

  • Lot Size Sq Ft: 10890.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 28-37-03-32-00012.0-0001.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Grounds Care, Insurance, Repairs, Sewer, Taxes, Water

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 3820.92

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 8250.09
  • Income And Expenses Net Operating Income: 21749.91

MLS Schools

  • Elementary School: Harbor City
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2020
Closed on
Oct 21, 2020
Sold by
Wyand Anthony J
Bought by
J A L Properties Llc
Seller's Agent
Louie Polsinelli
D. Basile Real Estate, LLC
Buyer's Agent
Raquel Jimenez
One Sotheby's International
List Price
$334,900
Sold Price
$310,500
Premium/Discount to List
-$24,400
-7.29%
Current Estimated Value
$374,642

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,142
Avg. Annual Appreciation
3.62%

Purchase Details

Closed on
May 24, 2017
Sold by
Roland Stephen and Bossinger Evan
Bought by
Ward Anthony J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 2015
Sold by
M N M Development Llc
Bought by
Roland Stephanie and Bossinger Evan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 26, 2005
Sold by
Nojaba Seyed and Yamini Mojtaba A
Bought by
M N M Development Llc

Purchase Details

Closed on
Oct 21, 2004
Sold by
Schmitt Bernhard
Bought by
Jaba Seyed No and Yamini Mojtaba A

Purchase Details

Closed on
Sep 9, 1997
Sold by
Restivo Salvatore R and Restivo Marietta B
Bought by
Schmitt Bernhard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,750
Interest Rate
7.39%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
J A L Properties Llc $310,500 Waterview Title Services Llc
Ward Anthony J $211,500 Alliance Title Insurance Age
Roland Stephanie $148,000 Alliance Title Insurance Age
M N M Development Llc $97,500 --
Jaba Seyed No $148,000 Alliance Title Brevard Llc
Schmitt Bernhard $68,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ward Anthony J $157,500
Previous Owner Roland Stephanie $108,750
Previous Owner Schmitt Bernhard $38,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/21/2020 10/21/20 Sold $310,500 +24740.0% $187 / Sq Ft
10/09/2020 10/09/20 Pending -- -- --
10/09/2020 10/09/20 Rented $1,250 -99.6% --
10/07/2020 10/07/20 Under Contract -- -- --
10/03/2020 10/03/20 For Sale $334,900 0.0% $201 / Sq Ft
10/01/2020 10/01/20 For Rent $1,250 0.0% --
08/14/2020 08/14/20 Rented $1,250 0.0% --
08/12/2020 08/12/20 Under Contract -- -- --
08/01/2020 08/01/20 For Rent $1,250 -- --
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,734 $264,000 -- --
2024 $4,785 $264,000 -- --
2023 $4,785 $264,000 $34,780 $229,220
2022 $4,615 $291,720 $0 $0
2021 $4,169 $222,660 $34,780 $187,880
2020 $3,821 $202,160 $34,780 $167,380
2019 $3,617 $183,790 $34,780 $149,010
2018 $3,521 $175,000 $0 $175,000
2017 $2,845 $136,000 $0 $136,000
2016 $2,747 $124,000 $0 $0
2015 $1,764 $72,600 $34,780 $37,820
2014 $1,567 $66,000 $28,200 $37,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Space Coast MLS (Space Coast Association of REALTORS®)

MLS Number: 886851

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-37-03-32-00012.0-0001.00