NOT LISTED FOR SALE

1612 Mitchell St Melbourne, FL 32901

Magnolia Park Neighborhood

Estimated Value: $559,000 - $1,095,000

-- Bed
3 Baths
3,040 Sq Ft
$233/Sq Ft Est. Value

Last Sold June 08, 2021

Last sale price $460,000 $151 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $4,420/month

Highlights

  • No HOA
  • Tile Flooring
  • Central Air
  • Melbourne Senior High School Rated A-
  • 1-Story Property

About This Home

As of June 2021

Investors Alert! 4 PLEX Cash cow... Jump on the trending House hack... live in one unit while renting the other 3 units out? Real estate investing can be one of the most powerful ways to make your money work for you. Solid concrete block structure. Roof is newer 2017 all 4 units have updated breaker panels. 3 units have been remodeled. 10 parking spaces. City water & City sewer with all separate meters. All units have own laundry rooms. Close to Downtown Melbourne and beach. PLEASE DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

Laura Boles

One Sotheby's International Listed on: 04/22/2021

Co-Listed By

Chau Nguyen

One Sotheby's International

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

  • $3,070

Year Built

  • Built in 1970

Lot Details

  • 0.29

Home Design

  • Quadruplex
  • Shingle Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 3,040 Sq Ft Home
  • 1-Story Property
  • Electric Range

Flooring

  • Tile
  • Vinyl

Schools

  • University Park Elementary School
  • Stone Middle School
  • Melbourne High School

Additional Features

  • 0.29 Acre Lot
  • Central Air

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • The owner pays for exterior maintenance
  • Assessor Parcel Number 28-37-04-01-0000h.0-0012.00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,070

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1970
  • Reso Property Sub Type: Quadruplex
  • Road Surface Type: Paved
  • Co List Office Mls Id: nare0
  • Co List Office Phone: 321-984-3135
  • ResoSpecialListingConditions: Standard
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Location Tax and Legal Parcel Number2: 28-37-04-01-0000h.0-0012.00
  • Location Tax and Legal Elementary School: University Park
  • Location Tax and Legal Middle School2: Stone
  • Location Tax and Legal High School: Melbourne
  • Location Tax and Legal Tax Annual Amount: 3069.8
  • Location Tax and Legal Tax Year2: 2020
  • General Property Information Living Area2: 3040.0
  • General Property Information Building Area Total3: 3200.0
  • General Property Information Lot Size Acres: 0.29
  • General Property Information Lot Size Square Feet2: 12632.0
  • General Property Information Waterfront YN: No
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Flooring Tile: Yes
  • Levels One: Yes
  • Roof:Shingle: 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: 4.0
  • Utilities Sewer Connected: Yes
  • General Property Information Number Of Buildings2: 1.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Tile, Vinyl, Other
  • Appliances: Electric Range, Refrigerator
  • ResoLivingAreaSource: PublicRecords
  • Appliances:Electric Range: Yes

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Acres: 0.29
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes

Garage/Parking

  • General Property Information:Garage YN: No

Utilities

  • Cooling: Central Air, Electric
  • Utilities: 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

Schools

  • Middle Or Junior School: Stone

Lot Info

  • Lot Size Sq Ft: 12632.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2818382
  • Parcel #: 28-37-04-01-0000h.0-0012.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Exterior Maintenance, Other

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 3069.8

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • Elementary School: University Park
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2021
Closed on
Jun 1, 2021
Sold by
Wright Susan L and Wright Susan L
Bought by
Jnb Enterprises Llc
Seller's Agent
Laura Boles
One Sotheby's International
Buyer's Agent
Non-Member Non-Member Out Of Area
Non-MLS or Out of Area
List Price
$450,000
Sold Price
$460,000
Premium/Discount to List
$10,000
2.22%
Current Estimated Value
$709,826

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$249,826
Avg. Annual Appreciation
10.83%
Original Mortgage
$345,000
Outstanding Balance
$313,034
Interest Rate
2.9%
Mortgage Type
Construction
Estimated Equity
$396,792

Purchase Details

Listed on
Apr 22, 2021
Closed on
May 1, 2021
Sold by
Susan L Wright Revocable Living Trust and Wright Susan L
Bought by
Jnb Enterprises Llc
Seller's Agent
Laura Boles
One Sotheby's International
Buyer's Agent
Non-Member Non-Member Out Of Area
Non-MLS or Out of Area
List Price
$450,000
Sold Price
$460,000
Premium/Discount to List
$10,000
2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Outstanding Balance
$313,034
Interest Rate
2.9%
Mortgage Type
Construction
Estimated Equity
$396,792

Purchase Details

Closed on
Nov 16, 2016
Sold by
Wills Paul M and Wright Susan L
Bought by
Livin Wright Susan L and Livin Susan L Wright Revocable

Purchase Details

Closed on
Nov 1, 2016
Bought by
Livin Susan L Wright Revocable

Purchase Details

Closed on
Jun 14, 2002
Sold by
Mangonon Aurora Castaneda
Bought by
Wills Paul M and Wills Susan W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,600
Interest Rate
6.77%
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
Jnb Enterprises Llc $460,000 Alliance Title Ins Agcy Inc
Jnb Enterprises Llc $460,000 Alliance Title Of The Treasure
Livin Wright Susan L -- None Available
Livin Susan L Wright Revocable $100 --
Wills Paul M -- --
Wills Paul M $147,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jnb Enterprises Llc $345,000
Closed Jnb Enterprises Llc $345,000
Previous Owner Wills Paul M $110,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2021 06/08/21 Sold $460,000 +2.2% $151 / Sq Ft
04/23/2021 04/23/21 Pending -- -- --
04/22/2021 04/22/21 For Sale $450,000 -- $148 / 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
2024 $6,635 $410,400 -- --
2023 $6,635 $364,800 $0 $0
2022 $5,920 $330,000 $0 $0
2021 $3,193 $162,880 $31,600 $131,280
2020 $3,070 $155,130 $31,600 $123,530
2019 $2,962 $143,640 $31,600 $112,040
2018 $2,872 $136,000 $0 $136,000
2017 $2,827 $131,000 $0 $131,000
2016 $2,753 $123,000 $0 $0
2015 $2,557 $107,000 $30,000 $77,000
2014 $2,351 $98,000 $30,000 $68,000
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2021

    Laura Boles

    One Sotheby's International

  • C

    Seller Co-Listing Agent in 2021

    Chau Nguyen

    One Sotheby's International

  • 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: 902829

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-37-04-01-0000H.0-0012.00

Florida Brevard County Melbourne 32901 Magnolia Park

1612 Mitchell St, Melbourne, FL

This home is located at 1612 Mitchell St, Melbourne, FL 32901 since 22 April 2021 and is currently estimated at $709,826, approximately $233 per square foot. This property was built in 1970. 1612 Mitchell St is a home located in Brevard County with nearby schools including University Park Elementary School, Stone Magnet 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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