NOT LISTED FOR SALE

Estimated Value: $649,000 - $1,050,000

4 Beds
1 Bath
3,000 Sq Ft
$306/Sq Ft Est. Value

Last Sold October 17, 2017

Last sale price $482,000 $161 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $5,613/month

135 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Tile Flooring
  • Theodore Roosevelt Elementary School Rated 9+
  • Cooling System Mounted To A Wall/Window
  • 1-Story Property

About This Home

As of October 2017

INVESTOR ALERT! Rare opportunity to invest in two separate duplexes (four units) steps to the beach in the heart of Cocoa Beach. Paradise awaits with each beach lovers' unit containing 2 bedrooms and 1 bathroom. Minutes to fine dining, shopping and top rated schools. Close to the famous Cocoa Beach Pier, Patrick Air Force Base, Cocoa Beach Country Club with 27 holes of golf on the banks of the Banana River and the Cocoa Beach Tennis Club and Aquatics Center. Long term quality renters. Potential galore!

Last Agent to Sell the Property

Mary Murray Nevins

Waterview Realty Services, LLC License #3316159 Listed on: 06/12/2017

Last Buyer's Agent

Lisa Herendeen

Real Estate Ink Co. Inc. License #3210751

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,506

Year Built

  • Built in 1958

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 72 x 116
  • Corner Lot

Parking

  • 8 Parking Spaces

Home Design

  • Shingle Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 3,000 Sq Ft Home
  • 1-Story Property

Flooring

  • Tile
  • Terrazzo

Schools

  • Roosevelt Elementary School
  • Cocoa Beach Middle School
  • Cocoa Beach High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Cable TV Available

Listing and Financial Details

  • The owner pays for grounds care, taxes
  • Assessor Parcel Number 25-37-23-77-00017.B-0001.00

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $3,490
  • Gross Income $34,800
  • Net Operating Income $31,310

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,506

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1958
  • Reso Property Sub Type: Multi Family
  • ResoLotFeatures: Corner Lot
  • Road Surface Type: Paved
  • ResoSpecialListingConditions: Standard
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Appliances Refrigerators: Yes
  • Cooling:Electric: Yes
  • Roof:Shingle: Yes
  • Gross Scheduled Income: 34800.0
  • Income And Expenses Operating Expense: 3490.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Terrazzo, Tile
  • Appliances: Refrigerator

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Acres: 0.19
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Lot Features:Corner Lot: Yes

Garage/Parking

  • Total Parking Spaces: 8.0
  • General Property Information:Garage YN: No
  • General Property Information:Parking Total: 8.0

Utilities

  • Cooling: Electric, Wall/Window Unit(s)
  • Utilities: Cable Available, Electricity Connected, 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: Cocoa Beach

Lot Info

  • Lot Dimensions: 72 x 116
  • Lot Size Sq Ft: 8276.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2519997
  • Parcel #: 25-37-23-77-00017.B-0001.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Grounds Care, Taxes, Other

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 5505.75

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 3490.0
  • Income And Expenses Net Operating Income: 31310.0

MLS Schools

  • Elementary School: Roosevelt
  • High School: Cocoa Beach

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 16, 2024
Sold by
Bugado Rick Allan and Mckeone Catherine Marie
Bought by
Gallentine Gary and Gallentine Tracey
Total Days on Market
135
Current Estimated Value
$918,830

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$545,000
Outstanding Balance
$541,317
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$377,513

Purchase Details

Closed on
Nov 19, 2012
Sold by
Quigley Renate
Bought by
Rkq Llc

Purchase Details

Closed on
Mar 1, 2005
Sold by
Greenwald Gregg Lawrence and Bunting Alan Keith
Bought by
Quigley Renate

Purchase Details

Closed on
Oct 25, 1996
Sold by
Thomas Mary Katherine and Thomas Maria Mercedes F
Bought by
Greenwald Gregg Lawrence and Bunting Alan Keith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,000
Interest Rate
8.15%
Source: Public Records

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Range of Values:

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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
Gallentine Gary $975,000 Title Security
Rkq Llc -- None Available
Quigley Renate $600,000 Gulfatlantic Title
Greenwald Gregg Lawrence $102,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gallentine Gary $545,000
Previous Owner Greenwald Gregg Lawrence $82,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2017 10/17/17 Sold $482,000 -12.3% $161 / Sq Ft
09/07/2017 09/07/17 Pending -- -- --
04/24/2017 04/24/17 For Sale $549,900 -- $183 / 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
2023 $8,826 $622,080 $0 $0
2022 $7,522 $507,600 $0 $0
2021 $7,264 $446,340 $225,000 $221,340
2020 $6,727 $405,780 $147,000 $258,780
2019 $6,587 $400,000 $0 $400,000
2018 $6,726 $400,000 $0 $400,000
2015 $5,295 $258,500 $100,000 $158,500
2014 $4,993 $235,000 $80,000 $155,000
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 781607

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 25-37-23-77-00017.B-0001.00