NOT LISTED FOR SALE

120 & 122 Ocean View Ln Melbourne, FL 32903

Estimated Value: $581,187 - $773,000

6 Beds
3 Baths
2,441 Sq Ft
$285/Sq Ft Est. Value

Last Sold April 13, 2021

Last sale price $605,000 $248 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $4,448/month

89 Days on Market

Highlights

  • Waterfront
  • No HOA
  • 1-Story Property
  • Indialantic Elementary School Rated A-
  • Tile Flooring
  • 3-minute walk to Paradise Beach & Park

About This Home

As of April 2021

Fantastic Duplex Investment Opportunity Located STEPS AWAY FROM PARADISE BEACH! Brand New Hurricane Impact Windows on both Units. Each unit is a 3 Bed 2 bath with its own private 1 car garage. Unit 120 has been recently remodeled and will come fully furnished, hot tub included, ready to rent! No HOA.

Last Agent to Sell the Property

Samuel Goodwin

Dale Sorensen Real Estate Inc. Listed on: 01/15/2021

Last Buyer's Agent

Non-Member Non-Member Out Of Area

Non-MLS or Out of Area License #nonmls

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,296

Year Built

  • Built in 1979

Lot Details

  • 9,583 Sq Ft Lot
  • Waterfront
  • Street terminates at a dead end

Home Design

  • Duplex
  • Brick Exterior Construction
  • Shingle Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,441 Sq Ft Home
  • 1-Story Property

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Laminate
  • Tile

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Garage Door Opener

Schools

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

Utilities

  • Central Air

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 27-37-24-02-00000.0-0002.00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,296

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1979
  • Reso Property Sub Type: Duplex
  • ResoLaundryFeatures: Electric Dryer Hookup
  • ResoLotFeatures: Dead End Street
  • ResoSpecialListingConditions: Standard
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Location Tax and Legal Parcel Number2: 27-37-24-02-00000.0-0002.00
  • 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: 5295.62
  • Location Tax and Legal Tax Year2: 2020
  • General Property Information Living Area2: 2441.0
  • General Property Information Building Area Total3: 2993.0
  • General Property Information Lot Size Acres: 0.22
  • General Property Information Lot Size Square Feet2: 9583.0
  • General Property Information Waterfront YN: No
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Flooring Laminate: Yes
  • Flooring Tile: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Levels One: Yes
  • Lot Features Dead End Street: Yes
  • Roof:Shingle: Yes
  • General Property Information Carport YN2: No
  • General Property Information Number Of Units Total2: 2.0
  • General Property Information Water Frontage Feet: 2
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Acres: 0.22
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Construction Materials:Brick2: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Garage Door Opener
  • General Property Information:Garage YN: No
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Cooling: Central Air
  • Utilities: Other
  • Cooling Y N: Yes

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: 9583.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2725955
  • Parcel #: 27-37-24-02-00000.0-0002.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Other

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 5295.62

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Indialantic
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2021
Closed on
Apr 13, 2021
Sold by
Sullins Steve and Sullins Denise C
Bought by
Scully Timothy M and Scully Beatrice
Seller's Agent
Samuel Goodwin
Dale Sorensen Real Estate Inc.
Buyer's Agent
Non-Member Non-Member Out Of Area
Non-MLS or Out of Area
List Price
$650,000
Sold Price
$605,000
Premium/Discount to List
-$45,000
-6.92%
Current Estimated Value
$695,297

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,297
Avg. Annual Appreciation
3.11%

Purchase Details

Closed on
Dec 3, 2018
Sold by
Falco Investment Properties Inc
Bought by
Sullins Steve and Sullins Denise C

Purchase Details

Closed on
May 11, 1999
Sold by
Fallon Kevin W and Fallon Vilma R
Bought by
Falco Inv Prop Inc

Purchase Details

Closed on
Sep 8, 1995
Sold by
Ceccorulli Carlo R and Ceccorulli Joan F
Bought by
Fallon Kevin W and Fallon Vilma R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,300
Interest Rate
7.76%
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
Scully Timothy M $605,000 Atypical Title Llc
Sullins Steve $265,000 Alliance Title Insurance Age
Falco Inv Prop Inc $140,000 --
Fallon Kevin W $139,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fallon Kevin W $97,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/13/2021 04/13/21 Sold $605,000 -6.9% $248 / Sq Ft
03/09/2021 03/09/21 Pending -- -- --
01/15/2021 01/15/21 For Sale $650,000 0.0% $266 / Sq Ft
01/08/2021 01/08/21 Pending -- -- --
12/09/2020 12/09/20 For Sale $650,000 -- $266 / Sq Ft
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
2025 $9,619 $574,080 -- --
2024 $8,618 $574,080 -- --
2023 $8,618 $483,600 $190,000 $293,600
2022 $8,975 $514,800 $0 $0
2021 $5,522 $297,730 $190,000 $107,730
2020 $5,296 $283,550 $150,000 $133,550
2019 $5,009 $257,780 $150,000 $107,780
2018 $4,975 $256,000 $0 $256,000
2015 $4,174 $187,000 $110,000 $77,000
2014 $3,787 $170,000 $110,000 $60,000
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Samuel Goodwin

    Dale Sorensen Real Estate Inc.

  • N

    Buyer's Agent in 2021

    Non-Member Non-Member Out Of Area

    Non-MLS or Out of Area

See All Agents

Map

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

MLS Number: 891961

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 27-37-24-02-00000.0-0002.00

Florida Brevard County Melbourne 32903

120 & 122 Ocean View Ln, Melbourne, FL

This home is located at 120 & 122 Ocean View Ln, Melbourne, FL 32903 since 15 January 2021 and is currently estimated at $695,297, approximately $284 per square foot. This property was built in 1979. 120 & 122 Ocean View Ln is a home located in Brevard County with nearby schools including Indialantic Elementary School, Herbert C. Hoover Middle School, and Melbourne Senior 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.

Space Coast MLS (Space Coast Association of REALTORS®) 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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