NOT LISTED FOR SALE

Estimated Value: $376,347 - $474,000

3 Beds
3 Baths
1,736 Sq Ft
$236/Sq Ft Est. Value

Last Sold December 20, 2019

Last sale price $250,000 $144 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $2,587/month

124 Days on Market

Highlights

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

About This Home

As of December 2019

PRICE REDUCED, Better Act Fast! Triplex, 3 - 1 Br. 1 Ba. units on large corner lot, laundry room and double car paved driveways, Just blocks from Historic Downtown Melbourne and minutes to the Beach. Good solid Income earner, Low Maintenance with long-term tenants. Close to shopping, Fee Ave. Park and transportation. Currently a 7% Cap Rate and Rents have room to grow.

Last Agent to Sell the Property

Global Group

Engel & Voelkers Melb Downtown Listed on: 08/27/2019

Engel & Voelkers Melb Downtown

Co-Listed By

Grayling Oates

Engel & Voelkers Melb Downtown

Last Buyer's Agent

Ashley Edens

Welcome Home Realty License #3309241

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,505

Year Built

  • Built in 1942

Lot Details

  • 9,148

Home Design

  • Triplex
  • Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,736 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Laundry

  • Dryer
  • Washer

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Additional Parking
  • RV Access or Parking

Schools

  • Harbor City Elementary School
  • Hoover Middle School
  • Melbourne High School

Additional Features

  • 9,148 Sq Ft Lot
  • Central Air

Listing and Financial Details

  • The owner pays for grounds care, insurance, sewer, taxes, trash collection, water
  • Assessor Parcel Number 28-37-03-32-00007.0-0001.00

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Platts Resubd Subdivision

Building Details

  • Operating Expense $3,800
  • Gross Income $25,140
  • Net Operating Income $21,340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,505

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1942
  • Reso Property Sub Type: Triplex
  • Road Surface Type: Paved
  • Reso Association Amenities: Management - Off Site
  • Co List Office Mls Id: 0303280
  • Co List Office Phone: 321-254-5275
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Platts Resubd
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Location Tax and Legal Parcel Number2: 28-37-03-32-00007.0-0001.00
  • Location Tax and Legal Elementary School: Harbor City
  • Location Tax and Legal Middle School2: Hoover
  • Location Tax and Legal High School: Melbourne
  • Location Tax and Legal Tax Annual Amount: 2504.57
  • Location Tax and Legal Tax Year2: 2018
  • General Property Information Living Area2: 1736.0
  • General Property Information Building Area Total3: 1766.0
  • General Property Information Lot Size Acres: 0.21
  • General Property Information Lot Size Square Feet2: 9148.0
  • General Property Information Waterfront YN: No
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Levels One: Yes
  • Roof:Shingle: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • Utilities Sewer Available: Yes
  • General Property Information Number Of Units Total2: 3.0
  • Gross Scheduled Income: 25140.0
  • Income And Expenses Operating Expense: 3800.0
  • Owner Pays:Sewer2: Yes
  • General Property Information Number Of Buildings2: 1.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Tile
  • Appliances: Dryer, Refrigerator, Washer
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Acres: 0.21
  • Waterfront: No
  • Construction Type: Frame, Wood Siding
  • Construction Materials:Frame: Yes
  • Construction Materials:Wood Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Additional Parking, RV Access/Parking
  • Total Parking Spaces: 6.0
  • General Property Information:Garage YN: No
  • Parking Features:Additional Parking: Yes
  • Parking Features:RV AccessParking: Yes
  • General Property Information:Parking Total: 6.0
  • General Property Information:Open Parking Spaces2: 6.0

Utilities

  • Cooling: Central Air
  • Utilities: Sewer Available, 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: Hoover

Lot Info

  • Lot Size Sq Ft: 9148.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2817681
  • Parcel #: 28-37-03-32-00007.0-0001.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Grounds Care, Insurance, Sewer, Taxes, Trash Collection, Water

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 2504.57

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 3800.0
  • Income And Expenses Net Operating Income: 21340.0

MLS Schools

  • Elementary School: Harbor City
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 27, 2021
Sold by
Green Benjamin and Green Benjamin Wayne
Bought by
Green Light Realty Llc
Current Estimated Value
$409,337

Purchase Details

Listed on
Aug 27, 2019
Closed on
Dec 20, 2019
Sold by
Sound Realty & Investments Inc
Bought by
Green Benjamin
Seller's Agent
Global Group
Engel & Voelkers Melb Downtown
Buyer's Agent
Ashley Edens
Welcome Home Realty
List Price
$269,000
Sold Price
$250,000
Premium/Discount to List
-$19,000
-7.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.91%
Original Mortgage
$241,656
Outstanding Balance
$216,267
Interest Rate
4.4%
Mortgage Type
FHA
Estimated Equity
$193,070

Purchase Details

Listed on
Jul 22, 2015
Closed on
Sep 15, 2015
Sold by
Whitney Donald K and Frey Kenneth A
Bought by
Sound Realty & Investment Inc
Seller's Agent
Denise Contella
RE/MAX Aerospace Realty
Buyer's Agent
Garat Oates
Engel & Voelkers New Smyrna
List Price
$129,000
Sold Price
$122,000
Premium/Discount to List
-$7,000
-5.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.30%

Purchase Details

Closed on
Mar 31, 1997
Sold by
Lord James M
Bought by
Whitney Donald K and Frey Kenneth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,600
Interest Rate
7.58%
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
Green Light Realty Llc -- Title Solutions Of Fl Llc
Green Benjamin $250,000 Heritage Title & Escrow
Sound Realty & Investment Inc $122,000 State Title Partners Llp
Whitney Donald K $82,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Green Benjamin $241,656
Previous Owner Whitney Donald K $65,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2019 12/20/19 Sold $250,000 -7.1% $144 / Sq Ft
11/18/2019 11/18/19 Pending -- -- --
08/27/2019 08/27/19 For Sale $269,000 0.0% $155 / Sq Ft
08/21/2019 08/21/19 Pending -- -- --
08/05/2019 08/05/19 Price Changed $269,000 -3.8% $155 / Sq Ft
07/16/2019 07/16/19 For Sale $279,500 +129.1% $161 / Sq Ft
09/15/2015 09/15/15 Sold $122,000 -5.4% $70 / Sq Ft
07/28/2015 07/28/15 Pending -- -- --
06/19/2015 06/19/15 For Sale $129,000 -- $74 / 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 $4,998 $285,120 -- --
2024 $4,665 $285,120 -- --
2023 $4,665 $267,300 $0 $0
2022 $4,035 $221,130 $0 $0
2021 $3,375 $174,200 $28,420 $145,780
2020 $3,243 $165,910 $28,420 $137,490
2019 $2,567 $123,830 $28,420 $95,410
2018 $2,505 $118,000 $0 $118,000
2017 $2,410 $110,000 $0 $110,000
2016 $2,325 $100,000 $0 $0
2015 $1,888 $74,800 $28,420 $46,380
2014 $1,689 $68,000 $23,040 $44,960
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 850721

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-37-03-32-00007.0-0001.00