NOT LISTED FOR SALE

Estimated Value: $858,899

6 Beds
4 Baths
2,896 Sq Ft
$297/Sq Ft Est. Value

Sale Details

Date Sold: May 17, 2024

Last sale price $1,100,000 $380 Per Sq Ft

Est. 22% decrease in value since last sale

Current estimated payment $5,528 / mo

29 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Outdoor Shower
  • Theodore Roosevelt Elementary School Rated 9+
  • Balcony
  • Tile Flooring

About This Home

As of May 2024

TURN-KEY Income Producing Vacation Rental! This Fully Furnished Beach Duplex is a short walk to the Beach and Downtown Cocoa Beach! Each Unit has 2 bedrooms and 2 bathrooms on the main floor and a loft upstairs that is set up as a 3rd bedroom. The 2 units are tastefully decorated in a coastal beach theme. Guests love the Upstairs Balconies and the Spacious Backyards where they can enjoy Fine Florida Living. With Downtown Cocoa Beach mere steps away, Guests have easy access to an array of Dining, Shopping, and Entertainment options. Everything you need for a successful vacation rental is already in place. The Beach Duplex is listed on Airbnb, Vrbo, and a Direct Book Website. The back-end processes have been streamlined using automation and software to make self-management very efficient. This is a perfect investment for an experienced vacation rental owner or someone wanting to get started in this lucrative industry. Great 1031 Exchange Opportunity! Renovation in 2014 to include a New Metal Roof, New Impacted Rated Windows/Doors, and Updated Plumbing. New upstairs Balconies, New Vinyl Fence (115 Oak Ave) and Fresh Paint to Interior and Exterior in 2022.

Last Agent to Sell the Property

Paige Lane

Keller Williams Realty Brevard License #3337624 Listed on: 03/14/2024

Keller Williams Realty Brevard

Last Buyer's Agent

Sascha Davis

EXP Realty, LLC License #3408202

EXP Realty, LLC

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,870

Year Built

  • Built in 1959

Lot Details

  • 7,405 Sq Ft Lot
  • West Facing Home
  • Privacy Fence
  • Vinyl Fence
  • Back Yard Fenced
  • Corner Lot

Home Design

  • 2,896 Sq Ft Home
  • Duplex
  • Metal Roof
  • Block Exterior
  • Asphalt
  • Stucco

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 2 Carport Spaces
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Balcony
  • Fire Pit

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 25-37-10-82-00117.0-0020.00

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Cocoa Beach 8Th Addn To Subdivision

Building Details

  • Gross Income $154,746
  • Net Operating Income $89,831

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,870

Year Built

Built in 1959

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Year Built: 1959
  • Reso Property Sub Type: Duplex
  • ResoLaundryFeatures: In Unit
  • ResoLotFeatures: Corner Lot
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • ResoSecurityFeatures: Smoke Detector(s)
  • ResoSpecialListingConditions: Standard, Owner Licensed RE
  • Subdivision Name: Cocoa Beach 8th Addn To
  • Carport Y N: Yes
  • Garage Yn: No
  • New Construction: No
  • Marketing Remarks:Marketing Remarks: TURN-KEY Income Producing Vacation Rental! This Fully Furnished Beach Duplex is a short walk to the Beach and Downtown Cocoa Beach! Each Unit has 2 bedrooms and 2 bathrooms on the main floor and a loft upstairs that is set up as a 3rd bedroom. The 2 units are tastefully decorated in a coastal beach theme. Guests love the Upstairs Balconies and the Spacious Backyards where they can enjoy Fine Florida Living. With Downtown Cocoa Beach mere steps away, Guests have easy access to an array of Dining, Shopping, and Entertainment options. Everything you need for a successful vacation rental is already in place. The Beach Duplex is listed on Airbnb, Vrbo, and a Direct Book Website. The back-end processes have been streamlined using automation and software to make self-management very efficient. This is a perfect investment for an experienced vacation rental owner or someone wanting to get started in this lucrative industry. Great 1031 Exchange Opportunity!
  • General Property Information Water Body Access YN2: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Tile
  • Appliances: Dryer, Disposal, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Full Bathrooms: 4
  • Total Bedrooms: 6

Exterior Features

  • Exterior Features: Balcony, Fire Pit, Outdoor Shower
  • Pool Features: None
  • Roof: Metal
  • Fencing: Back Yard, Privacy, Vinyl
  • Acres: 0.17
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Block, Stucco
  • Direction Faces: West

Garage/Parking

  • Attached Garage: No
  • Parking Features: Carport, Off Street

Utilities

  • Cooling: Central Air
  • Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected, Separate Electric Meters, Separate Water Meters
  • Heating: Central
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Lot Info

  • Current Use: Investment, Multi-Family, Hotel/Motel, Residential
  • Lot Size Sq Ft: 7405.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 25-37-10-82-00117.0-0020.00

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6870.09

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 154745.95

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
Mar 14, 2024
Closed on
May 17, 2024
Sold by
Lane Paige and Lane Rachel
Bought by
Seller's Agent
Paige Lane
Keller Williams Realty Brevard
Buyer's Agent
Sascha Davis
EXP Realty, LLC
List Price
$1,200,000
Sold Price
$1,100,000
Premium/Discount to List
-$100,000
-8.33%
Views
42
Current Estimated Value
$858,899

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$241,101
Avg. Annual Appreciation
-10.03%
Original Mortgage
$712,500
Outstanding Balance
$645,462
Interest Rate
6.16%
Mortgage Type
New Conventional
Estimated Equity
$213,437

Purchase Details

Listed on
Feb 25, 2022
Closed on
Mar 31, 2022
Sold by
Skogsberg Eric E and Skogsberg Cynthia J
Bought by
Lane Paige and Lane Rachel
Seller's Agent
Andrew Barclay
EXP Realty, LLC
Buyer's Agent
Paige Lane
Keller Williams Realty Brevard
List Price
$725,000
Sold Price
$759,500
Premium/Discount to List
$34,500
4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.99%
Original Mortgage
$531,650
Interest Rate
5.11%
Mortgage Type
Balloon

Purchase Details

Closed on
Oct 19, 2001
Sold by
Robertson Suzanne
Bought by
Skogsberg Cynthia J and Skogsberg Eric E

Purchase Details

Closed on
Feb 21, 1995
Sold by
Scafidi Roy J and Scafidi Pamela D
Bought by
Robertson Suzanne

Purchase Details

Closed on
Sep 15, 1993
Sold by
Bertsch Lloyd E and Bertsch Bette M
Bought by
Scafidi Roy J and Scafidi Pamela D
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Cocoa Beach, FL

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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
$1,100,000 Foundation Title & Settlement
Lane Paige $759,500 Prestige Title
Skogsberg Cynthia J $157,900 --
Robertson Suzanne $87,000 --
Scafidi Roy J $87,000 --
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
Open $712,500
Previous Owner Lane Paige $531,650
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 Prior Sale
05/17/2024 05/17/24 Sold $1,100,000 -8.3% $380 / Sq Ft
04/13/2024 04/13/24 Pending -- -- --
03/14/2024 03/14/24 For Sale $1,200,000 +58.0% $414 / Sq Ft
03/31/2022 03/31/22 Sold $759,500 +4.8% $262 / Sq Ft View Prior Sale
02/28/2022 02/28/22 Pending -- -- --
02/24/2022 02/24/22 For Sale $725,000 -- $250 / Sq Ft
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
2026 $7,707 $475,200
2025 $7,585 $475,200
2024 $6,870 $475,200
2023 $6,870 $411,840 $190,000 $221,840
2022 $5,840 $415,800 $0 $0
2021 $5,136 $316,140 $190,000 $126,140
2020 $4,716 $287,400 $145,000 $142,400
2019 $4,385 $261,270 $145,000 $116,270
2018 $4,107 $244,000 $0 $244,000
2017 $3,873 $224,000 $0 $224,000
2016 $3,525 $192,000 $0 $0
2015 $2,627 $138,600 $100,000 $38,600
2014 $2,420 $126,000 $80,000 $46,000
Source: Public Records

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Map

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

MLS Number: 1007772

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 25-37-10-82-00117.0-0020.00

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