NOT LISTED FOR SALE

1903 Bryan St Melbourne, FL 32901

Estimated Value: $226,000 - $594,000

-- Bed
4 Baths
1,778 Sq Ft
$204/Sq Ft Est. Value

Last Sold January 06, 2014

Last sale price $123,000 $69 Per Sq Ft

Est. 194% increase in value since last sale

Current estimated payment $2,221/month

96 Days on Market

Highlights

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

About This Home

As of January 2014

Duplex located near Historic Downtown Melbourne. Walk to shops, restaurants, theatre. Both tenants just renewed leases for a year in Sept 2013. Indoor laundry rooms, open kitchens, screened porches in rear, fenced yard. In good shape including dimensional shingle roof in 2005. Unit on south side has tile throughout--no carpet. Great investment! Easy to keep rented. Note that expenses indicate ALL expenses for year, including taxes and mortgage interest.

Last Agent to Sell the Property

Denise Contella

RE/MAX Alternative Realty Listed on: 09/06/2013

Last Buyer's Agent

Denise Contella

RE/MAX Alternative Realty Listed on: 09/06/2013

Property Details

Home Type

  • Multi-Family

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 72 x 109

Home Design

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

Interior Spaces

  • 1,778 Sq Ft Home
  • 1-Story Property
  • Electric Range

Flooring

  • Carpet
  • Tile

Laundry

  • Dryer
  • Washer

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Harbor City Elementary School
  • Melbourne High School

Utilities

  • Central Air
  • Separate Meters
  • Separate Water Meter

Listing and Financial Details

  • The owner pays for grounds care, insurance, repairs, taxes

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $10,299
  • Gross Income $15,240
  • Net Operating Income $4,941

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Reso Property Sub Type: Duplex
  • ResoLaundryFeatures: Electric Dryer Hookup
  • Road Surface Type: Paved
  • ResoSpecialListingConditions: Standard
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Location Tax and Legal Elementary School: Harbor City
  • Location Tax and Legal High School: Melbourne
  • General Property Information Living Area2: 1778.0
  • General Property Information Building Area Total3: 1736.0
  • General Property Information Lot Size Acres: 0.2
  • General Property Information Lot Size Square Feet2: 8712.0
  • General Property Information Waterfront YN: No
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Flooring Tile: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Levels One: Yes
  • Roof:Shingle: Yes
  • Utilities Electricity Connected: Yes
  • Flooring Carpet: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • General Property Information Lot Size Dimensions: 72 x 109
  • General Property Information Number Of Units Total2: 2.0
  • Gross Scheduled Income: 15240.0
  • Income And Expenses Operating Expense: 10299.0
  • Utilities Sewer Connected: Yes
  • Utilities Separate Electric Meters: Yes
  • Utilities Separate Water Meters: Yes
  • General Property Information Number Of Buildings2: 1.0
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

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

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

  • Total Parking Spaces: 4.0
  • General Property Information:Garage YN: No
  • General Property Information:Parking Total: 4.0
  • General Property Information:Open Parking Spaces2: 4.0

Utilities

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

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Lot Info

  • Lot Dimensions: 72 x 109
  • Lot Size Sq Ft: 8712.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Grounds Care, Insurance, Repairs, Taxes, Other

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 10299.0
  • Income And Expenses Net Operating Income: 4941.0

MLS Schools

  • Elementary School: Harbor City
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 15, 2002
Sold by
Schmitt Bernhard
Bought by
Whitney Donald K and Frey Kenneth A
Current Estimated Value
$362,189

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,800
Outstanding Balance
$30,627
Interest Rate
6.08%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$331,562

Purchase Details

Closed on
Mar 28, 1997
Sold by
Robertson Virginia D
Bought by
Schmitt Bernhard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$21,000
Interest Rate
7.69%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Whitney Donald K $91,000 --
Schmitt Bernhard $81,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Whitney Donald K $72,800
Previous Owner Schmitt Bernhard $21,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/06/2014 01/06/14 Sold $123,000 -5.3% $69 / Sq Ft
12/11/2013 12/11/13 Pending -- -- --
09/05/2013 09/05/13 For Sale $129,900 -- $73 / 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 $3,949 $237,600 -- --
2024 $3,782 $237,600 -- --
2023 $3,782 $237,600 $0 $0
2022 $3,252 $198,900 $0 $0
2021 $2,966 $155,860 $30,460 $125,400
2020 $2,848 $148,440 $30,460 $117,980
2019 $2,698 $134,950 $30,460 $104,490
2018 $2,618 $128,000 $0 $128,000
2017 $2,613 $126,000 $0 $126,000
2016 $2,534 $117,000 $0 $0
2015 $2,348 $102,000 $30,460 $71,540
2014 $1,652 $70,000 $20,300 $49,700
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 677149

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-37-03-32-00004.0-0010.00