NOT LISTED FOR SALE

115 3rd Ave Indialantic, FL 32903

Estimated Value: $518,982 - $606,000

4 Beds
3 Baths
1,930 Sq Ft
$286/Sq Ft Est. Value

Last Sold December 18, 2014

Last sale price $241,000 $125 Per Sq Ft

Est. 135% increase in value since last sale

Current estimated payment $3,612/month

14 Days on Market

Highlights

  • Waterfront
  • No HOA
  • Tile Flooring
  • Indialantic Elementary School Rated A-
  • 2 Car Attached Garage
  • 3-minute walk to James H. Nance Park

About This Home

As of December 2014

Great duplex in the heart of Indialantic. Just a stones throw from the ocean and walking distance to popular restaurants and shops. Each unit has 2 bedrooms, 1 bath, 965 sq ft per side, 1 car garage, laundry room and private porch. The property also includes vacant .11 acres to the west of duplex (tax id 2731128). New owner must honor existing leases which expires 5/2015. The units are mirror images of each other. Unit 115 houses the sprinkler pump in the garage and reason for slightly lower rent than unit 111 and a washer, dryer and portable dishwasher. Unit 111 has new carpet and refrigerator.

Last Agent to Sell the Property

Diane Stigberg

EXIT 1st Class Realty Listed on: 10/13/2014

Last Buyer's Agent

Diane Stigberg

Stanley Homes LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,937

Year Built

  • Built in 1964

Lot Details

  • 0.34 Acre Lot
  • Waterfront

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Shingle Roof
  • Concrete Siding
  • Block Exterior

Interior Spaces

  • 1,930 Sq Ft Home
  • 1-Story Property

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Tile

Laundry

  • Dryer
  • Washer

Schools

  • Indialantic Elementary School
  • Hoover Middle School
  • Melbourne High School

Utilities

  • Central Air
  • Well

Listing and Financial Details

  • The owner pays for grounds care, pest control
  • Assessor Parcel Number 27-38-31-Eo-00025.0-0009.00

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Indialantic By The Sea Subdivision

Building Details

  • Operating Expense $3,937
  • Gross Income $20,700
  • Net Operating Income $16,763

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,937

Year Built

Built in 1964

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Year Built: 1964
  • Reso Property Sub Type: Duplex
  • Road Surface Type: Paved
  • Reso Association Amenities: Management - Off Site
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Indialantic By The Sea
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • Location Tax and Legal Parcel Number2: 27-38-31-Eo-00025.0-0009.00
  • Location Tax and Legal Elementary School: Indialantic
  • Location Tax and Legal Middle School2: Hoover
  • Location Tax and Legal High School: Melbourne
  • Location Tax and Legal Tax Annual Amount: 3936.87
  • Location Tax and Legal Tax Year2: 2014
  • General Property Information Building Area Total3: 1930.0
  • General Property Information Lot Size Acres: 0.34
  • General Property Information Lot Size Square Feet2: 10000.0
  • General Property Information Waterfront YN: No
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Flooring Tile: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Levels One: Yes
  • Roof:Shingle: Yes
  • Utilities Electricity Connected: Yes
  • Flooring Carpet: Yes
  • Water Source Well: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • General Property Information Lot Size Dimensions: 100.0 ft x 100.0 ft
  • General Property Information Number Of Units Total2: 2.0
  • General Property Information Water Frontage Feet: 2
  • Gross Scheduled Income: 20700.0
  • Income And Expenses Operating Expense: 3937.0
  • Utilities Sewer Connected: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Tile
  • Appliances: Dishwasher, Dryer, Electric Range, Refrigerator, Washer
  • ResoLivingAreaSource: PublicRecords
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Acres: 0.34
  • Waterfront: No
  • Construction Type: Block, Concrete
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Attached: Yes

Utilities

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

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Hoover

Lot Info

  • Lot Dimensions: 100.0 ft x 100.0 ft
  • Lot Size Sq Ft: 10000.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2731129
  • Parcel #: 27-38-31-Eo-00025.0-0009.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Grounds Care, Pest Control

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 3936.87

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 3937.0
  • Income And Expenses Net Operating Income: 16763.0

MLS Schools

  • Elementary School: Indialantic
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2014
Closed on
Dec 16, 2014
Sold by
Schonbeck Laima E and Slivinskas Family Irrevocable
Bought by
Cannon Mark E and Cannon Mary C
Seller's Agent
Diane Stigberg
EXIT 1st Class Realty
Buyer's Agent
Diane Stigberg
Stanley Homes LLC
List Price
$249,900
Sold Price
$241,000
Premium/Discount to List
-$8,900
-3.56%
Total Days on Market
14
Current Estimated Value
$566,703

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$325,703
Avg. Annual Appreciation
8.04%

Purchase Details

Closed on
May 21, 1993
Sold by
Slivinskas Joseph K and Slivinskas Elizabeth
Bought by
Ziurys Regina S
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Cannon Mark E -- State Title Partners Llp
Cannon Mark E $241,000 State Title Partners Llp
Ziurys Regina S -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2014 12/18/14 Sold $241,000 -3.6% $125 / Sq Ft
10/28/2014 10/28/14 Pending -- -- --
10/13/2014 10/13/14 For Sale $249,900 0.0% $129 / Sq Ft
05/22/2014 05/22/14 Rented $850 0.0% --
05/16/2014 05/16/14 Under Contract -- -- --
05/07/2014 05/07/14 For Rent $850 -- --
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

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
2024 $6,581 $405,600 -- --
2023 $6,581 $390,000 $0 $0
2022 $5,875 $376,200 $0 $0
2021 $5,411 $293,910 $198,000 $95,910
2020 $5,082 $279,920 $170,000 $109,920
2019 $4,689 $254,470 $170,000 $84,470
2018 $4,432 $238,000 $0 $238,000
2017 $3,942 $209,000 $0 $209,000
2016 $3,655 $182,000 $0 $0
2015 $3,638 $174,000 $90,000 $84,000
2014 $3,516 $165,000 $86,000 $79,000
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 708719

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 27-38-31-EO-00025.0-0009.00