NOT LISTED FOR SALE

106 E Lincoln Ave Melbourne, FL 32901

Estimated Value: $297,744 - $422,000

4 Beds
2 Baths
1,664 Sq Ft
$228/Sq Ft Est. Value

Sale Details

Date Sold: October 21, 2020

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

Est. 22% increase in value since last sale

Current estimated payment $2,435 / mo

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

  • 10,890 Sq Ft 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

0.25 Acres

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
  • General Property Information Water Body Access YN2: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Tile
  • Appliances: Electric Range, Refrigerator

Exterior Features

  • Pool Features: None
  • Roof: Metal
  • Acres: 0.25
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco

Garage/Parking

  • Total Parking Spaces: 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

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

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

MLS Schools

  • Elementary School: Harbor City
  • High School: Melbourne

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2020
Closed on
Oct 21, 2020
Sold by
Bought by
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
$379,915

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,415
Avg. Annual Appreciation
3.60%

Purchase Details

Closed on
May 24, 2017
Sold by
Bought by

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
Bought by

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
Bought by

Purchase Details

Closed on
Oct 21, 2004
Sold by
Bought by

Purchase Details

Closed on
Sep 9, 1997
Sold by
Bought by

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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Average Value
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$310,500 Waterview Title Services Llc
$211,500 Alliance Title Insurance Age
$148,000 Alliance Title Insurance Age
$97,500 --
$148,000 Alliance Title Brevard Llc
$68,800 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $157,500
Previous Owner $108,750
Previous Owner $38,750
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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