$296,000
SOLD JUN 30, 2014
-- Bed
-- Bath
2,500 Sq Ft
0.25 Acres

Recently Sold

$118 Per Sq Ft

6% Below List Price

80 Days on Market

Highlights

  • Waterfront
  • 6 Car Attached Garage
  • 1-Story Property
  • Indialantic Elementary School Rated A-
  • Tile Flooring

About This Home

As of June 2014

Here's your chance to own a newer beachside duplex with excellent rental history. Each unit has 2 master suites, large closets, 2 car garage, large open floor plan, screened porches and much more. Currently leased with long term tenants. Leases end in July and September. Owner is a licensed Fl realtor

Last Agent to Sell the Property

Scott Schuetz

Allison-James Estates & Homes Listed on: 02/13/2014

Last Buyer's Agent

Tom Waldron

Lawyers Real Estate Brokerage License #3062048

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,003

Year Built

  • Built in 2001

Lot Details

  • 0.25 Acre Lot
  • Waterfront

HOA Fees

  • $125 Monthly HOA Fees

Home Design

  • Duplex
  • Shingle Roof
  • Wood Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,500 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Kitchen

  • Microwave
  • Disposal

Parking

  • 6 Car Attached Garage
  • Garage Door Opener

Schools

  • Indialantic Elementary School
  • Melbourne High School

Utilities

  • Cable TV Available

Listing and Financial Details

  • The owner pays for grounds care, insurance, tax
  • Assessor Parcel Number 27-37-25-01-00003.0-0010.00

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $7,550
  • Gross Income $25,800
  • Net Operating Income $18,250

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,003

Year Built

Built in 2001

Lot Details

0

HOA Fees

$125 per month

Listing Details

  • Property Type: Residential Income
  • Year Built: 2001
  • Reso Property Sub Type: Duplex
  • ResoSpecialListingConditions: Standard
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Location Tax and Legal Parcel Number2: 27-37-25-01-00003.0-0010.00
  • Location Tax and Legal Elementary School: Indialantic
  • Location Tax and Legal High School: Melbourne
  • Location Tax and Legal Tax Annual Amount: 4002.94
  • Location Tax and Legal Tax Year2: 2013
  • General Property Information Living Area2: 2500.0
  • General Property Information Building Area Total3: 2500.0
  • General Property Information Lot Size Acres: 0.25
  • General Property Information Lot Size Square Feet2: 10890.0
  • General Property Information Waterfront YN: No
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Flooring Tile: Yes
  • Levels One: Yes
  • Roof:Shingle: Yes
  • Utilities Cable Available: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • General Property Information Lot Size Dimensions: 77.0 ft x 140.0 ft
  • General Property Information Number Of Units Total2: 2.0
  • General Property Information Water Frontage Feet: 4
  • Gross Scheduled Income: 25800.0
  • Income And Expenses Operating Expense: 7550.0
  • Roof Wood3: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Tile
  • Appliances: Disposal, Microwave, Refrigerator
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Pool Features: None
  • Roof: Shingle, Wood
  • Acres: 0.25
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Attached, Garage Door Opener
  • Total Parking Spaces: 6.0
  • General Property Information:Garage YN: No
  • Parking Features:Attached: Yes
  • Parking Features:Garage Door Opener: Yes
  • General Property Information:Parking Total: 6.0

Utilities

  • Utilities: Cable Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 125.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 125.0
  • General Property Information:Association Fee Frequency: Monthly

Lot Info

  • Lot Dimensions: 77.0 ft x 140.0 ft
  • Lot Size Sq Ft: 10890.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2742270
  • Parcel #: 27-37-25-01-00003.0-0010.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Grounds Care, Insurance, Other Tax

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 4002.94

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 7550.0
  • Income And Expenses Net Operating Income: 18250.0

MLS Schools

  • Elementary School: Indialantic
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 30, 2020
Sold by
Walterhouse Margaret and Wood Margaret Anne
Bought by
Indian River Lagoon Residential Prop Llc
Current Estimated Value
$639,842

Purchase Details

Listed on
Feb 13, 2014
Closed on
Jun 30, 2014
Sold by
Schuetz Scott D
Bought by
Wood Brennan M
Seller's Agent
Scott Schuetz
Allison-James Estates & Homes
Buyer's Agent
Tom Waldron
Lawyers Real Estate Brokerage
List Price
$314,900
Sold Price
$296,000
Premium/Discount to List
-$18,900
-6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.31%
Original Mortgage
$302,364
Interest Rate
4.17%
Mortgage Type
VA

Purchase Details

Closed on
Jul 21, 2010
Sold by
Aurora Loan Services Llc
Bought by
Schuetz Scott D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
4.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 5, 2009
Sold by
Wright Andrew and Aegis Wholesale Corporation
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
May 10, 2006
Sold by
Trost Michael Lew
Bought by
Wright Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,200
Interest Rate
8.12%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 14, 2004
Sold by
Blake Robert M
Bought by
Trost Michael Lew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,050
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 22, 2003
Sold by
Wu Geri
Bought by
Blake Robert M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,200
Interest Rate
4.75%

Purchase Details

Closed on
Jun 25, 2001
Sold by
Vistar Realty Inc
Bought by
Wu Geri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
7.23%
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 Type Sale Price Title Company
Warranty Deed $452,500 Peninsula Title Services Llc
Warranty Deed $296,000 Alliance Title Insurance Age
Special Warranty Deed $225,000 Landcastle Title Llc
Warranty Deed -- None Available
Warranty Deed $459,000 Alliance Title
Warranty Deed $335,000 --
Warranty Deed $309,000 Alliance Title Brevard Llc
Warranty Deed $270,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $308,526 Stand Alone Refi Refinance Of Original Loan
Previous Owner $302,364 VA
Previous Owner $180,000 New Conventional
Previous Owner $600,000 Unknown
Previous Owner $390,000 Unknown
Previous Owner $367,200 Fannie Mae Freddie Mac
Previous Owner $251,050 Purchase Money Mortgage
Previous Owner $247,200 No Value Available
Previous Owner $216,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2023 03/24/23 Rented $2,200 0.0% --
02/22/2023 02/22/23 Under Contract -- -- --
02/13/2023 02/13/23 For Rent $2,200 +10.0% --
12/15/2020 12/15/20 Rented $2,000 +5.3% --
12/04/2020 12/04/20 Under Contract -- -- --
11/20/2020 11/20/20 For Rent $1,900 0.0% --
06/30/2014 06/30/14 Sold $296,000 -6.0% $118 / Sq Ft
05/03/2014 05/03/14 Pending -- -- --
02/11/2014 02/11/14 For Sale $314,900 -- $126 / 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
2023 $6,523 $463,320 $0 $0
2022 $5,935 $450,000 $0 $0
2021 $5,536 $350,840 $110,000 $240,840
2020 $4,364 $300,090 $0 $0
2019 $4,108 $281,910 $0 $0
2018 $3,991 $269,620 $0 $0
2017 $3,859 $250,000 $0 $250,000
2016 $3,976 $248,350 $0 $0
2015 $4,061 $245,000 $75,000 $170,000
2014 $4,023 $200,000 $70,000 $130,000
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 688996

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 27-37-25-01-00003.0-0010.00