NOT LISTED FOR SALE

1785 Avocado Ave Melbourne, FL 32935

Estimated Value: $435,000 - $542,000

6 Beds
3 Baths
3,150 Sq Ft
$155/Sq Ft Est. Value

Last Sold June 06, 2014

Last sale price $125,000 $40 Per Sq Ft

Est. 291% increase in value since last sale

Current estimated payment $2,580/month

303 Days on Market

Highlights

  • No HOA
  • Terrazzo Flooring
  • Central Air
  • Resident Manager or Management On Site
  • 1-Story Property

About This Home

As of June 2014

Well maintained Triplexes for sale for $130,000 each. There are Four triplexes Side by side; need to be purchased two or more also see MLS number M670328. They are in the heart of Old Eau Gallie. All Units approx 900 LSF. 9 units are 3 bed / 1 Bath; 3 units are 2 bed/ 1 Bath. Separate water and electric meters. All currently rented month to month, and a waiting list. Several residents have lived there between 8-20 years. New buyer must give current tenants 90 days notice with no change in Rent or Terms. Buy all four Triplexes for $520,000. All New roofs in 2004. Great Opportunity. See attachment. Sold As Is. ( Must buy 2 or more 1785 and 1795 first)(Then 1805 and 1815).

Last Agent to Sell the Property

Ben Clark

Keller Williams Realty Brevard License #3111760 Listed on: 04/01/2014

Keller Williams Realty Brevard

Last Buyer's Agent

Ben Clark

Keller Williams Realty Brevard License #3111760 Listed on: 04/01/2014

Keller Williams Realty Brevard

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,920

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 132 x 66

Home Design

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

Interior Spaces

  • 3,150 Sq Ft Home
  • 1-Story Property
  • Terrazzo Flooring
  • Electric Dryer Hookup

Parking

  • 6 Parking Spaces
  • Assigned Parking

Schools

  • Creel Elementary School
  • Johnson Middle School
  • Eau Gallie High School

Utilities

  • Central Air
  • Separate Meters
  • Separate Water Meter
  • Cable TV Available

Listing and Financial Details

  • The owner pays for electricity, exterior maintenance, grounds care, management, repairs, taxes
  • Assessor Parcel Number 27371625000290000400

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Eau Gallie Village Plat Of Subdivision

Building Details

  • Operating Expense $3,646
  • Gross Income $15,975
  • Net Operating Income $12,329

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Reso Property Sub Type: Triplex
  • ResoLaundryFeatures: Electric Dryer Hookup
  • Reso Association Amenities: Management - Live In
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Eau Gallie Village Plat of
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Location Tax and Legal Parcel Number2: 27371625000290000400
  • Location Tax and Legal Elementary School: Creel
  • Location Tax and Legal Middle School2: Johnson
  • Location Tax and Legal High School: Eau Gallie
  • Location Tax and Legal Tax Annual Amount: 1920.49
  • Location Tax and Legal Tax Year2: 2012
  • General Property Information Living Area2: 3150.0
  • General Property Information Building Area Total3: 2700.0
  • General Property Information Lot Size Acres: 0.2
  • General Property Information Lot Size Square Feet2: 8712.0
  • General Property Information Waterfront YN: No
  • General Property Information Senior Community YN: No
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Levels One: Yes
  • Roof:Shingle: Yes
  • Utilities Cable Available: Yes
  • Flooring Terrazzo: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • General Property Information Lot Size Dimensions: 132 x 66
  • General Property Information Number Of Units Total2: 3.0
  • Gross Scheduled Income: 15975.0
  • Income And Expenses Operating Expense: 3646.0
  • Association Amenities Management - Live In: Yes
  • Utilities Sewer Connected: Yes
  • Utilities Separate Electric Meters: Yes
  • Utilities Separate Water Meters: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Terrazzo
  • Appliances: Refrigerator
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Acres: 0.2
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Assigned
  • Total Parking Spaces: 6.0
  • General Property Information:Garage YN: No
  • Parking Features:Assigned: Yes
  • General Property Information:Parking Total: 6.0

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Johnson

Lot Info

  • Lot Dimensions: 132 x 66
  • Lot Size Sq Ft: 8712.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 27371625000290000400
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Electricity, Exterior Maintenance, Grounds Care, Management, Repairs, Taxes

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 1920.49

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 3646.0
  • Income And Expenses Net Operating Income: 12329.0

MLS Schools

  • Elementary School: Creel
  • High School: Eau Gallie

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2014
Closed on
May 8, 2014
Sold by
Lewis Leonard L and Lewis Leonard L
Bought by
Community Of Hope Inc
Seller's Agent
Ben Clark
Keller Williams Realty Brevard
Buyer's Agent
Ben Clark
Keller Williams Realty Brevard
List Price
$140,000
Sold Price
$125,000
Premium/Discount to List
-$15,000
-10.71%
Current Estimated Value
$488,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$363,500
Avg. Annual Appreciation
12.70%
Source: Public Records

Range of Values:

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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
Community Of Hope Inc $500,000 Aurora Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/06/2014 06/06/14 Sold $125,000 -10.7% $40 / Sq Ft
04/09/2014 04/09/14 Pending -- -- --
06/10/2013 06/10/13 For Sale $140,000 -- $44 / 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 $275 $421,200 -- --
2024 $265 $388,800 -- --
2023 $265 $367,200 $0 $0
2022 $252 $244,820 $0 $0
2021 $237 $193,370 $50,000 $143,370
2020 $237 $184,230 $50,000 $134,230
2019 $237 $160,200 $50,000 $110,200
2018 $237 $152,000 $0 $152,000
2017 $237 $152,000 $0 $152,000
2016 $237 $144,000 $0 $0
2015 $237 $126,000 $35,000 $91,000
2014 $2,368 $97,160 $35,000 $62,160
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 670328

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 27-37-16-25-00029.0-0004.00