NOT LISTED FOR SALE

1501 S Shannon Ave Unit 1 Indialantic, FL 32903

Estimated Value: $213,362 - $349,000

2 Beds
1 Bath
675 Sq Ft
$388/Sq Ft Est. Value

Highlights

  • 1-Story Property
  • Central Heating and Cooling System
  • Secure Lobby
  • Indialantic Elementary School Rated A-
  • East Facing Home

About This Home

As of July 2022

Charming Indialantic two bedroom available in this exclusive eight unit building located only one block to the beach. Many great features including authentic original hardwood floors in the living room and bedrooms with ceramic tile in the kitchen and bath. Decorative fireplace. Large windows throughout for plenty of natural bright light. Spacious updated bathroom. New Granite tops in the fully equipped kitchen including built in microwave, range, fridge, dishwasher plus washer and dryer. More improvements on the way. No pets please. See this amazing beachside home today.

Last Agent to Rent the Property

David Marsh

Alliance Properties of Brev License #3011339 Listed on: 05/06/2022

Last Renter's Agent

David Marsh

Alliance Properties of Brev License #3011339 Listed on: 05/06/2022

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,429

Year Built

  • Built in 1928

Lot Details

  • 0.5 Acre Lot
  • East Facing Home

Parking

  • Assigned Parking

Interior Spaces

  • 675 Sq Ft Home
  • 1-Story Property
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

  • Dryer
  • Washer

Schools

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

Utilities

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

Listing and Financial Details

  • Property Available on 5/12/22
  • The owner pays for grounds care
  • Rent includes trash collection
  • Assessor Parcel Number 28-38-06-25-00096.0-0017.01

Community Details

Pet Policy

  • No Pets Allowed

Additional Features

  • Palms Eight Condominium Association
  • Secure Lobby

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,429

Year Built

Built in 1928

Lot Details

0

Rental Info

  • Furnished: Unfurnished
  • Rent Includes: Trash Collection
  • Owner Pays: Grounds Care
  • Available Date: 2022-05-12

Listing Details

  • Property Type: Residential Lease
  • Year Built: 1928
  • Reso Property Sub Type: Apartment
  • ResoSecurityFeatures: Smoke Detector(s), Secured Lobby
  • Subdivision Name: None
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Location Tax and Legal Parcel Number2: 28-38-06-25-00096.0-0017.01
  • Location Tax and Legal Elementary School: Indialantic
  • Location Tax and Legal Middle School2: Hoover
  • Location Tax and Legal High School: Melbourne
  • General Property Information Living Area2: 675.0
  • General Property Information Lot Size Acres: 0.5
  • General Property Information Lot Size Square Feet2: 21780.0
  • General Property Information Waterfront YN: No
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: East
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Levels One: Yes
  • Security Features Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • Security Features Secured Lobby: Yes
  • Utilities Sewer Available: Yes
  • Pets Allowed No: Yes
  • Utilities Electricity Available: Yes
  • General Property Information:Pool Private YN: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Primary Bathroom - Tub with Shower
  • Appliances: Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • ResoLivingAreaSource: Other
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes

Exterior Features

  • Pool Features: None
  • Acres: 0.5
  • Pool Private: No
  • Waterfront: No
  • Direction Faces: East

Garage/Parking

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

Utilities

  • Cooling: Central Air, Electric
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Name: PALMS EIGHT CONDOMINIUM

Association/Amenities

  • General Property Information:Association Name: PALMS EIGHT CONDOMINIUM

Schools

  • Middle Or Junior School: Hoover

Lot Info

  • Lot Size Sq Ft: 21780.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2866338
  • Parcel #: 28-38-06-25-00096.0-0017.01
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: Indialantic
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 7, 2021
Sold by
Golden Dorado Llc
Bought by
Pier Rock Apartments Llc
Current Estimated Value
$261,841

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$934,500
Outstanding Balance
$197,115
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$64,726

Purchase Details

Closed on
Oct 1, 2016
Bought by
Golden Dorado Llc
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
Pier Rock Apartments Llc $1,335,000 None Listed On Document
Golden Dorado Llc $880,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pier Rock Apartments Llc $934,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/18/2022 07/18/22 Rented $1,700 -2.9% --
05/20/2022 05/20/22 Price Changed $1,750 -2.8% $3 / Sq Ft
05/04/2022 05/04/22 For Rent $1,800 -- --
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 $2,429 $136,790 -- --
2024 $2,450 $136,790 -- --
2023 $2,450 $136,790 $0 $136,790
2022 $2,361 $136,790 $0 $0
2021 $2,200 $119,460 $0 $119,460
2020 $2,035 $108,600 $0 $108,600
2019 $2,061 $108,600 $0 $108,600
2018 $2,096 $107,530 $0 $107,530
2017 $2,068 $107,530 $0 $107,530
2016 $1,348 $69,000 $0 $0
2015 $1,258 $60,000 $0 $0
2014 $1,280 $60,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • David Marsh

    Landlord's Agent in 2022

    David Marsh

    Alliance Properties of Brev

    (321) 698-5446

    24 Total Sales

    David Marsh
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Map

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

MLS Number: 934230

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-38-06-25-00096.0-0017.01

Florida Brevard County Indialantic 32903

1501 S Shannon Ave Unit 1, 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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