NOT LISTED FOR SALE

1501 S Miramar Ave Indialantic, FL 32903

Indialantic Area

Estimated Value: $420,888

1 Bed
1 Bath
2,489 Sq Ft
$169/Sq Ft Est. Value

Sale Details

Date Sold: June 16, 2017

Last sale price $325,000 $131 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $2,676 / mo

17 Days on Market

Highlights

  • Corner Lot
  • Cul-De-Sac
  • Central Air
  • No HOA
  • Tile Flooring
  • Wood Siding

About This Home

As of June 2017

INDIALANTIC TRIPLEX: Incredible income potential at this 2-story tri-plex. This unique property has amazing ocean views and is just steps to the beach.There are 2 one bedroom units and one 2 bedroom unit. There is a huge demand for rentals like these in this area! Many of the tenants have been there a long, long time and the rents are WELL BELOW
MARKET RATES. Roof replaced in 2015, newer air conditioners, a few cosmetic improvements could really turn this property into something amazing! Excellent schools, restaurants,
shopping, & entertainment are within a short walk. Best of all, the nearest public beach access is located approximately 20 yards away.

Last Agent to Sell the Property

Sandy Kilpatrick

One Sotheby's International Listed on: 06/07/2017

Last Buyer's Agent

Sandy Kilpatrick

One Sotheby's International License #3168198

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,259

Year Built

  • Built in 1954

Lot Details

  • 10,019 Sq Ft Lot
  • Cul-De-Sac
  • Corner Lot

Home Design

  • Triplex
  • Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2,489 Sq Ft Home
  • 2-Story Property
  • Electric Dryer Hookup

Flooring

  • Carpet
  • Laminate
  • Tile
  • Terrazzo

Parking

  • 46 Open Parking Spaces
  • 4 Parking Spaces
  • Assigned Parking

Schools

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

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Cable TV Available

Listing and Financial Details

  • The owner pays for grounds care, repairs, sewer, taxes, trash collection, water
  • Assessor Parcel Number 28-38-06-25-00100.0-0001.02

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $9,879
  • Gross Income $36,000
  • Net Operating Income $26,121

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,259

Year Built

Built in 1954

Lot Details

10,019 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Year Built: 1954
  • Reso Property Sub Type: Triplex
  • ResoLaundryFeatures: Electric Dryer Hookup
  • ResoLotFeatures: Cul-De-Sac, Corner Lot
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: None
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • General Property Information Water Body Access YN2: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Laminate, Tile, Terrazzo
  • Appliances: Refrigerator

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Acres: 0.23
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Frame, Wood Siding

Garage/Parking

  • Attached Garage: No
  • Parking Features: Assigned
  • Total Parking Spaces: 4.0
  • General Property Information:Open Parking Spaces2: 46.0

Utilities

  • Cooling: Central Air, Electric, Wall/Window Unit(s)
  • Utilities: Cable Available, Electricity Connected, 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: 10019.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 28-38-06-25-00100.0-0001.02

Rental Info

  • Owner Pays: Grounds Care, Repairs, Sewer, Taxes, Trash Collection, Water

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 4259.43

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 9879.0

MLS Schools

  • Elementary School: Indialantic
  • 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

Closed on
Sep 8, 2022
Sold by
Bought by
Current Estimated Value
$420,888

Purchase Details

Closed on
Jul 29, 2016
Sold by
Bought by

Purchase Details

Closed on
Feb 1, 2016
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Indialantic, FL

  • Jill Wallace Real Estate Agent - RE/MAX Elite

    Jill Wallace

    RE/MAX Elite

    (321) 587-3108

    46 Total Sales

    1 in Indialantic

    $525,000 Price

    Jill Wallace
     Section Image
  • Jonathan Krauser Real Estate Agent - J. Edwards Real Estate

    Jonathan Krauser

    J. Edwards Real Estate

    (321) 730-3988

    146 Total Sales

    5 in Indialantic

    $639K - $1M Price Range

    Jonathan Krauser
     Section Image
  • Michelle Smith Real Estate Agent - RE/MAX Solutions

    Michelle Smith

    RE/MAX Solutions

    (321) 394-9751

    79 Total Sales

    1 in Indialantic

    $290,000 Price

    Michelle Smith
     Section Image
  • Scott Loveridge Real Estate Agent - Relentless Real Estate Co.

    Scott Loveridge

    Relentless Real Estate Co.

    (321) 985-5276

    69 Total Sales

    9 in Indialantic

    $699K - $1.1M Price Range

    Scott Loveridge
     Section Image
  • Amanda Gonnella Real Estate Agent - BSC Real Estate

    Amanda Gonnella

    Responds Quickly

    BSC Real Estate

    (321) 587-0365

    140 Total Sales

    8 in Indialantic

    $505K - $1.1M Price Range

    Amanda Gonnella
     Section Image
  • Shane Burgman Real Estate Agent - Real Broker LLC

    Shane Burgman

    Responds Quickly

    Real Broker LLC

    (321) 450-8803

    184 Total Sales

    4 in Indialantic

    $644K - $876K Price Range

    Shane Burgman
     Section Image
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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
$100 None Listed On Document
$250,000 North American Title Co
$100 --
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
06/16/2017 06/16/17 Sold $325,000 -18.5% $131 / Sq Ft
06/12/2017 06/12/17 Pending -- -- --
05/25/2017 05/25/17 For Sale $399,000 -- $160 / 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 $4,400 $276,590
2025 $4,038 $269,630
2024 $3,977 $258,360
2023 $3,977 $276,740
2022 $3,524 $266,870 $0 $0
2021 $2,924 $158,770 $150,000 $8,770
2020 $2,980 $159,360 $150,000 $9,360
2019 $3,077 $162,560 $150,000 $12,560
2018 $3,202 $164,650 $150,000 $14,650
2017 $3,411 $178,060 $150,000 $28,060
2016 $1,054 $51,220 $28,000 $23,220
2015 $1,049 $48,980 $28,000 $20,980
2014 $1,031 $47,240 $28,000 $19,240
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Sandy Kilpatrick

    One Sotheby's International

See All Agents

Map

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

MLS Number: 784436

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-38-06-25-00100.0-0001.01

Florida Brevard County Indialantic 32903

1501 S Miramar Ave, Indialantic, FL

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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