NOT LISTED FOR SALE

Estimated Value: $624,000 - $728,000

8 Beds
4 Baths
3,856 Sq Ft
$180/Sq Ft Est. Value

Last Sold August 07, 2024

Last sale price $725,000 $188 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $4,186/month

23 Days on Market

Highlights

  • View of Trees or Woods
  • Wooded Lot
  • No HOA
  • 0.72 Acre Lot
  • Corner Lot
  • Tile Flooring

About This Home

As of August 2024

Presenting a great investment opportunity in the heart of southeast Palm Bay with this four-plex apartment complex. Each of the four spacious units features two bedrooms, one bath, and a laundry room. New roof 2023 , new ac's on 3 of the units The interiors boast a mixture of carpet and tile on the 2nd floor units, laminate and tile in the 1st floor units, granite countertops, and white shaker cabinets, providing a blend of comfort and style. Each unit includes a dedicated dining room and a spacious living room, ensuring ample space for tenants to enjoy. Situated on a generous 0.72-acre corner lot, this property not only offers immediate rental income but also the potential for future multifamily development. Seize the chance to enhance your investment portfolio with this prime piece of real estate in a sought-after location.

Last Agent to Sell the Property

Jodie Bizarro

Waterman Real Estate, Inc. License #3457527 Listed on: 06/08/2024

Waterman Real Estate, Inc.

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

  • $5,039

Year Built

  • Built in 1986

Lot Details

  • 0.72 Acre Lot
  • Corner Lot
  • Wooded Lot
  • May Be Possible The Lot Can Be Split Into 2+ Parcels

Home Design

  • Quadruplex
  • Frame Construction
  • Stucco

Interior Spaces

  • 3,856 Sq Ft Home
  • 2-Story Property
  • Views of Woods
  • Fire and Smoke Detector
  • Laundry in unit

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Parking

  • Additional Parking
  • Assigned Parking

Schools

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

Utilities

  • Central Heating and Cooling System
  • Well
  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 4 Units
  • Port Malabar Unit 40 Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • The owner pays for exterior maintenance, grounds care, insurance, taxes
  • Assessor Parcel Number 29-37-03-26-01983.0-0012.00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,039

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1986
  • Reso Property Sub Type: Quadruplex
  • ResoLaundryFeatures: In Unit
  • ResoLotFeatures: Corner Lot, Split Possible, Wooded, Other
  • Reso View: Trees/Woods, Other
  • ResoSecurityFeatures: Smoke Detector(s)
  • Reso Association Amenities: None
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Port Malabar Unit 40
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 29-37-03-26-01983.0-0012.00
  • Location Tax and Legal Elementary School: Port Malabar
  • Location Tax and Legal Middle School2: Stone
  • Location Tax and Legal High School: Palm Bay
  • Location Tax and Legal Tax Annual Amount: 5039.09
  • Location Tax and Legal Tax Year2: 2023
  • General Property Information Living Area2: 3856.0
  • General Property Information Lot Size Acres: 0.72
  • General Property Information Lot Size Square Feet2: 31363.0
  • General Property Information New Construction YN: No
  • General Property Information Waterfront YN: No
  • General Property Information Senior Community YN: No
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Flooring Laminate: Yes
  • Flooring Tile: Yes
  • Security Features Smoke Detector(s): Yes
  • Utilities Cable Available: Yes
  • Flooring Carpet: Yes
  • Water Source Well: Yes
  • General Property Information Carport YN2: No
  • General Property Information Stories Total: 2
  • View TreesWoods: Yes
  • General Property Information Number Of Units Total2: 4.0
  • General Property Information Number Of Buildings2: 1.0
  • General Property Information CDD Fee YN: No
  • General Property Information Stories2: 2
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Laminate, Tile
  • Appliances: Dishwasher, Electric Range, Refrigerator
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Stories: 2
  • Stories: 2
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Laundry Features:In Unit: Yes

Exterior Features

  • Acres: 0.72
  • Waterfront: No
  • Construction Type: Frame, Stucco
  • Construction Materials:Stucco: Yes
  • Construction Materials:Frame: Yes
  • Lot Features:Wooded: Yes
  • Lot Features:Other21: Yes
  • Lot Features:Corner Lot: Yes
  • Lot Features:Split Possible: Yes

Garage/Parking

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

Utilities

  • Cooling: Central Air, Electric
  • Utilities: Cable Available
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Well
  • Heating:Central: Yes
  • Heating:Electric3: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Stone

Lot Info

  • Current Use: Investment, Multi-Family
  • Lot Size Sq Ft: 31363.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2922976
  • Parcel #: 29-37-03-26-01983.0-0012.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished
  • Tenant Pays: Cable TV, Electricity
  • Owner Pays: Exterior Maintenance, Grounds Care, Insurance, Taxes

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5039.09

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • Elementary School: Port Malabar
  • High School: Palm Bay

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2024
Closed on
Aug 6, 2024
Sold by
G Star Enterprises Inc
Bought by
Bornelus Bertilus
Seller's Agent
Jodie Bizarro
Waterman Real Estate, Inc.
Buyer's Agent
Non-Member Non-Member Out Of Area
Non-MLS or Out of Area
List Price
$750,000
Sold Price
$725,000
Premium/Discount to List
-$25,000
-3.33%
Views
7
Current Estimated Value
$692,630

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$32,370
Avg. Annual Appreciation
-4.22%
Original Mortgage
$662,150
Outstanding Balance
$655,834
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$36,796

Purchase Details

Listed on
Jul 23, 2019
Closed on
Aug 7, 2019
Sold by
Pushya Llc
Bought by
G Star Enterprises Inc
Seller's Agent
Eyad Yusuf
RE/MAX Elite
Buyer's Agent
Anthony Granato
RE/MAX Solutions
List Price
$259,999
Sold Price
$230,000
Premium/Discount to List
-$29,999
-11.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.75%

Purchase Details

Listed on
Dec 10, 2016
Closed on
Jan 12, 2017
Sold by
Us Bank National Association
Bought by
Pushya Llc
Seller's Agent
Josephine Carpenter
Allison-James Estates & Homes
Buyer's Agent
Josephine Carpenter
Allison-James Estates & Homes
List Price
$234,900
Sold Price
$185,000
Premium/Discount to List
-$49,900
-21.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.99%

Purchase Details

Closed on
Dec 7, 2001
Sold by
Esposito Anthony and Esposito Arlene
Bought by
Chambers Anthony C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
6.5%

Purchase Details

Closed on
Sep 12, 2000
Sold by
Lambert Gregory
Bought by
Esposito Anthony and Esposito Arlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,200
Interest Rate
8.05%

Purchase Details

Closed on
Dec 14, 1998
Sold by
Earl Ned A and Morgan Gary W
Bought by
Lambert Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
6.77%

Purchase Details

Closed on
Jun 30, 1994
Sold by
Piccirilli Francis A
Bought by
Earl Ned A and Morgan Gary W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,200
Interest Rate
8.51%
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
Bornelus Bertilus $725,000 Prestige Title
G Star Enterprises Inc $230,000 Sunbelt Title Agency
Pushya Llc $185,000 Attorney
Chambers Anthony C $150,000 --
Esposito Anthony $169,000 --
Lambert Gregory $157,500 --
Earl Ned A $129,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bornelus Bertilus $662,150
Previous Owner G Star Enterprises Inc $434,700
Previous Owner G Star Enterprises Inc $325,000
Previous Owner Chambers Anthony $297,600
Previous Owner Chambers Anthony C $55,000
Previous Owner Chambers Anthony C $138,000
Previous Owner Chambers Anthony C $135,000
Previous Owner Esposito Anthony $135,200
Previous Owner Lambert Gregory $126,000
Previous Owner Earl Ned A $103,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2024 08/07/24 Sold $725,000 -3.3% $188 / Sq Ft
06/21/2024 06/21/24 Pending -- -- --
06/08/2024 06/08/24 For Sale $750,000 0.0% $195 / Sq Ft
06/08/2024 06/08/24 Pending -- -- --
05/28/2024 05/28/24 For Sale $750,000 +226.1% $195 / Sq Ft
08/07/2019 08/07/19 Sold $230,000 -11.5% $60 / Sq Ft
07/25/2019 07/25/19 Pending -- -- --
07/23/2019 07/23/19 For Sale $259,999 +40.5% $67 / Sq Ft
01/26/2017 01/26/17 Sold $185,000 -21.2% $48 / Sq Ft
12/23/2016 12/23/16 Pending -- -- --
10/25/2016 10/25/16 For Sale $234,900 -- $61 / 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
2024 $5,039 $345,600 -- --
2023 $5,039 $268,800 $60,000 $208,800
2022 $4,794 $276,480 $0 $0
2021 $4,393 $209,680 $26,400 $183,280
2020 $4,180 $199,690 $26,400 $173,290
2019 $4,416 $188,350 $24,000 $164,350
2018 $6,059 $180,000 $0 $180,000
2017 $5,868 $164,000 $0 $164,000
2016 $5,437 $157,000 $0 $0
2015 $5,379 $150,000 $12,000 $138,000
2014 $5,123 $137,000 $12,000 $125,000
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 1015137

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 29-37-03-26-01983.0-0012.00