NOT LISTED FOR SALE

1511 Tree Ridge Ln NE Unit A+B Palm Bay, FL 32905

Port Malabar Neighborhood

Estimated Value: $229,540 - $384,000

-- Bed
2 Baths
1,620 Sq Ft
$187/Sq Ft Est. Value

Last Sold February 24, 2012

Last sale price $50,000 $31 Per Sq Ft

Est. 506% increase in value since last sale

Current estimated payment $1,834/month

19 Days on Market

Highlights

  • No HOA
  • 1-Story Property
  • Central Air
  • Tile Flooring

About This Home

As of February 2012

Two unit duplex in NE Palm Bay. Convenient location close to shopping and restaurants. Short sale subject to lender''s approval. Buyer to pay $395 short sale processing fee at closing.

Last Agent to Sell the Property

David Cruickshank

RE/MAX Abacus Realty Listed on: 10/20/2011

Property Details

Home Type

  • Multi-Family

Lot Details

  • 10,454 Sq Ft Lot

Parking

  • 4 Open Parking Spaces

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 1,620 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Tile
  • Vinyl

Schools

  • Riviera Elementary School
  • Palm Bay High School

Utilities

  • Central Air
  • Cable TV Available

Listing and Financial Details

  • Short Sale
  • The owner pays for repairs, taxes
  • Assessor Parcel Number 283728010000B0000300

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Pinehurst Subdivision

Building Details

  • Operating Expense $2,779
  • Gross Income $13,200

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Reso Property Sub Type: Duplex
  • ResoSpecialListingConditions: Short Sale
  • Subdivision Name: Pinehurst
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Location Tax and Legal Parcel Number2: 283728010000B0000300
  • Location Tax and Legal Elementary School: Riviera
  • Location Tax and Legal High School: Palm Bay
  • Location Tax and Legal Tax Annual Amount: 1386.03
  • Location Tax and Legal Tax Year2: 2010
  • General Property Information Living Area2: 1620.0
  • General Property Information Building Area Total3: 1512.0
  • General Property Information Lot Size Acres: 0.24
  • General Property Information Lot Size Square Feet2: 10454.4
  • General Property Information Waterfront YN: No
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Levels One: Yes
  • Roof:Shingle: Yes
  • Utilities Cable Available: Yes
  • Flooring Carpet: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • Flooring Vinyl: Yes
  • General Property Information Number Of Units Total2: 2.0
  • Gross Scheduled Income: 13200.0
  • Income And Expenses Operating Expense: 2779.0
  • Special Listing Conditions Short Sale: Yes
  • Utilities Sewer Connected: Yes
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Tile, Vinyl
  • Appliances: Refrigerator
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Acres: 0.24
  • Waterfront: No

Garage/Parking

  • General Property Information:Garage YN: No
  • General Property Information:Open Parking Spaces2: 4.0

Utilities

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

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Lot Info

  • Lot Size Sq Ft: 10454.4
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2836686
  • Parcel #: 283728010000B0000300
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Repairs, Taxes, Other

Tax Info

  • Tax Year: 2010
  • Tax Annual Amount: 1386.03

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 2779.0

MLS Schools

  • Elementary School: Riviera
  • High School: Palm Bay

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2011
Closed on
Feb 24, 2012
Sold by
Shaked Meir and Shaked Jane L
Bought by
Lutz Gregory J and Lutz Barbara J
Seller's Agent
David Cruickshank
RE/MAX Abacus Realty
List Price
$69,900
Sold Price
$50,000
Premium/Discount to List
-$19,900
-28.47%
Current Estimated Value
$303,135

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$253,135
Avg. Annual Appreciation
14.12%

Purchase Details

Closed on
Jul 8, 2004
Sold by
Hall Gaius
Bought by
Shaked Meir and Shaked Jane L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,200
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 30, 2002
Sold by
Jamnia Mohammad Ali
Bought by
Hall Gaius

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,350
Interest Rate
6.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 1, 1999
Sold by
Dowd John P
Bought by
Jamnia Mohammad Ali

Purchase Details

Closed on
Jul 9, 1999
Sold by
Dowd Elizabeth P and Parks Elizabeth H
Bought by
Dowd John P and Dowd Elizabeth P

Purchase Details

Closed on
Mar 15, 1995
Sold by
Broughton William P
Bought by
Parks Matthew W and Parks Elizabeth H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,800
Interest Rate
8.89%
Mortgage Type
Purchase Money Mortgage
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
Lutz Gregory J $50,000 Peninsula Title Services Llc
Shaked Meir $124,000 State Title Partners Llp
Hall Gaius $73,000 --
Jamnia Mohammad Ali $60,500 --
Dowd John P $27,500 --
Parks Matthew W $58,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shaked Meir $99,200
Previous Owner Hall Gaius $69,350
Previous Owner Parks Matthew W $46,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2012 02/24/12 Sold $50,000 -28.5% $31 / Sq Ft
11/08/2011 11/08/11 Pending -- -- --
10/20/2011 10/20/11 For Sale $69,900 -- $43 / 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 $2,728 $218,400 -- --
2024 $2,356 $218,400 -- --
2023 $2,356 $172,800 $0 $0
2022 $2,089 $156,000 $0 $0
2021 $1,627 $74,740 $13,600 $61,140
2020 $1,577 $72,530 $13,600 $58,930
2019 $1,687 $69,080 $13,600 $55,480
2018 $1,619 $66,000 $0 $66,000
2017 $1,547 $60,000 $0 $60,000
2016 $1,346 $58,000 $0 $0
2015 $1,247 $50,000 $13,000 $37,000
2014 $1,266 $50,000 $13,000 $37,000
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2012

    David Cruickshank

    RE/MAX Abacus Realty

See All Agents

Map

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

MLS Number: 626554

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-37-28-01-0000B.0-0003.00

Florida Brevard County Palm Bay 32905 Port Malabar

1511 Tree Ridge Ln NE Unit A+B, Palm Bay, FL

This home is located at 1511 Tree Ridge Ln NE Unit A+B, Palm Bay, FL 32905 since 20 October 2011 and is currently estimated at $303,135, approximately $187 per square foot. 1511 Tree Ridge Ln NE Unit A+B is a home located in Brevard County with nearby schools including Riviera Elementary School, Stone Magnet Middle School, and Palm Bay Magnet 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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