NOT LISTED FOR SALE

1748 Wipperman Ave NE Palm Bay, FL 32905

Bayfront Village Neighborhood

Estimated Value: $213,707 - $288,000

-- Bed
-- Bath
1,152 Sq Ft
$211/Sq Ft Est. Value

Last Sold July 20, 2020

Last sale price $160,000 $139 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $1,535/month

17 Days on Market

Highlights

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

About This Home

As of July 2020

ACCEPTING CASH BACK-UPS!!! Great Investment opportunity with a 8% cap rate! Duplex- each unit has 2 bedroom and 1 bath with their own driveway and fenced back yard. Tile floors throughout. Tenants already in place!

Last Agent to Sell the Property

Nicole Grammer

aReal Estate Service Team Listed on: 06/15/2020

Co-Listed By

Karen Londos

aReal Estate Service Team

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

  • $1,403

Year Built

  • Built in 1953

Lot Details

  • 6,534 Sq Ft Lot

Parking

  • Additional Parking

Home Design

  • Duplex
  • Metal Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,152 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Electric Range

Schools

  • Palm Bay Elementary School
  • Stone Middle School
  • Palm Bay High School

Utilities

  • Central Air
  • Cable TV Available

Listing and Financial Details

  • The owner pays for insurance, management, repairs, taxes
  • Assessor Parcel Number 28-37-24-25-00004.0-0001.02

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $7,035
  • Gross Income $20,100
  • Net Operating Income $13,065

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,403

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1953
  • Reso Property Sub Type: Duplex
  • Co List Office Mls Id: spc.orste2
  • Co List Office Phone: 321-452-9800
  • ResoSpecialListingConditions: Standard
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Location Tax and Legal Parcel Number2: 28-37-24-25-00004.0-0001.02
  • Location Tax and Legal Elementary School: Palm Bay Elem
  • Location Tax and Legal Middle School2: Stone
  • Location Tax and Legal High School: Palm Bay
  • Location Tax and Legal Tax Annual Amount: 1402.87
  • Location Tax and Legal Tax Year2: 2019
  • General Property Information Living Area2: 1152.0
  • General Property Information Building Area Total3: 1152.0
  • General Property Information Lot Size Acres: 0.15
  • General Property Information Lot Size Square Feet2: 6534.0
  • General Property Information Waterfront YN: No
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Flooring Tile: Yes
  • Levels One: Yes
  • Utilities Cable Available: Yes
  • General Property Information Carport YN2: No
  • General Property Information Number Of Units Total2: 2.0
  • Gross Scheduled Income: 20100.0
  • Income And Expenses Operating Expense: 7035.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Pool Features: None
  • Roof: Metal
  • Acres: 0.15
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • ConstructionSiding:Roof Metal: Yes

Garage/Parking

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

Utilities

  • Cooling: Central Air, Electric
  • Utilities: Cable Available
  • Cooling Y N: Yes

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: 6534.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2862104
  • Parcel #: 28-37-24-25-00004.0-0001.02
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Insurance, Management, Repairs, Taxes

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 1402.87

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 7035.0
  • Income And Expenses Net Operating Income: 13065.0

MLS Schools

  • Elementary School: Palm Bay Elem
  • High School: Palm Bay

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2020
Closed on
Jul 20, 2020
Sold by
Barbera Daniel Jay and The Barber Family Revocable Tr
Bought by
Ham Derrick
Seller's Agent
Nicole Grammer
aReal Estate Service Team
Buyer's Agent
Non-Member Non-Member Out Of Area
Non-MLS or Out of Area
List Price
$160,000
Sold Price
$160,000
Current Estimated Value
$242,927

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,927
Avg. Annual Appreciation
8.36%
Original Mortgage
$120,000
Outstanding Balance
$106,605
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$136,322

Purchase Details

Closed on
Jan 7, 2020
Sold by
Barber Susan Loy
Bought by
Barber Daniel Jay and Barber Susan Loy

Purchase Details

Closed on
Jun 7, 2004
Sold by
Collazo Hector
Bought by
Barber Susan Loy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,400
Interest Rate
5.5%
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
Ham Derrick $160,000 Island T&E Agcy Inc
Ham Derrick $160,000 Island Title & Escrow
Barber Daniel Jay -- None Available
Barber Susan Loy $78,000 Security First Title Partner
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ham Derrick $120,000
Closed Ham Derrick $120,000
Previous Owner Barber Susan Loy $62,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2020 07/20/20 Sold $160,000 0.0% $139 / Sq Ft
06/19/2020 06/19/20 Pending -- -- --
06/14/2020 06/14/20 For Sale $160,000 0.0% $139 / Sq Ft
06/03/2020 06/03/20 Off Market $160,000 -- --
06/01/2020 06/01/20 For Sale $150,000 -- $130 / 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 $2,961 $192,000 -- --
2024 $2,845 $192,000 -- --
2023 $2,845 $192,000 $0 $0
2022 $2,524 $169,200 $0 $0
2021 $2,134 $101,480 $17,000 $84,480
2020 $1,341 $61,830 $17,000 $44,830
2019 $1,403 $59,190 $17,000 $42,190
2018 $1,333 $56,000 $0 $56,000
2017 $1,311 $53,000 $0 $53,000
2016 $1,196 $51,000 $0 $0
2015 $1,117 $45,000 $14,000 $31,000
2014 $1,134 $45,000 $14,000 $31,000
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2020

    Nicole Grammer

    aReal Estate Service Team

    Section Image

  • K

    Seller Co-Listing Agent in 2020

    Karen Londos

    aReal Estate Service Team

  • N

    Buyer's Agent in 2020

    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: 876809

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-37-24-25-00004.0-0001.02

Florida Brevard County Palm Bay 32905 Bayfront Village

1748 Wipperman Ave NE, Palm Bay, FL

This home is located at 1748 Wipperman Ave NE, Palm Bay, FL 32905 since 15 June 2020 and is currently estimated at $242,927, approximately $210 per square foot. This property was built in 1953. 1748 Wipperman Ave NE is a home located in Brevard County with nearby schools including Palm Bay 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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