NOT LISTED FOR SALE

Estimated Value: $238,000 - $355,000

4 Beds
3 Baths
1,379 Sq Ft
$213/Sq Ft Est. Value

Last Sold April 05, 2012

Last sale price $91,000 $66 Per Sq Ft

Est. 222% increase in value since last sale

Current estimated payment $1,785/month

129 Days on Market

Highlights

  • Home fronts navigable water
  • Fireplace
  • 1 Car Garage
  • Wood Flooring
  • Combination Dining and Living Room
  • Multiple Heating Units

About This Home

As of April 2012

3 unit property in the heart of downtown. Main home is a charming Old Florida style home with wooden floors, arches and fireplace. Detached 2 story building two 1-bedroom apartments. Can be combined with adjacent 8-unit building to the south. Financial info is pro-forma.

Last Agent to Sell the Property

Steve Rennick

Rennick Real Estate Brokerage Phone: 772-562-5015 License #3058135 Listed on: 10/28/2011

Last Buyer's Agent

Ron J. Rennick Jr.

Rennick Real Estate Island Ofc License #0639930

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • Lot Dimensions are 50x128
  • Home fronts navigable water

Parking

  • 1 Car Garage

Home Design

  • Triplex
  • Frame Construction
  • Shingle Roof
  • Tile Roof
  • Stucco

Interior Spaces

  • 2-Story Property
  • Fireplace
  • Combination Dining and Living Room
  • Laundry in unit

Flooring

  • Wood
  • Tile

Utilities

  • Multiple Heating Units

Listing and Financial Details

  • Tenant pays for air conditioning, cable TV, electricity, janitorial service, sewer, water
  • The owner pays for electricity, sewer, water
  • Assessor Parcel Number 33390200007008000016.0

Community Details

Overview

  • Edgewood Subdivision

Building Details

  • 2 Separate Electric Meters
  • Insurance Expense $1,500
  • Maintenance Expense $600
  • Gross Income $23,400
  • Net Operating Income $16,523

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0 Sq Ft Lot

Parking

1

Listing Details

  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Lot Size: 50x128
  • Subdivision Name: EDGEWOOD
  • Directions: SR 60 East bound. Turn South on 15th Ave to property. SR 60 West bound, turn on 16th Ave to Eastbound SR 60, turn on 15th Ave. South on property.
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Structure Type: Triplex
  • Year Built: 1925
  • Attribution Contact: 772-562-5015
  • Special Features: None
  • Stories: 2

Interior Features

  • Owner Pays: Electricity, Sewer, Water
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Interior Amenities: Living/Dining Room, Cable TV
  • Stories: 2
  • Window Features: None, Other

Exterior Features

  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront Features: Navigable Water
  • Waterfront: No
  • Disclosures: Lead Based Paint Disclosure
  • Construction Type: Frame, Stucco
  • Exterior Features: Paved Driveway
  • Roof: Shingle, Tile

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Garage
  • Total Parking Spaces: 2.0

Utilities

  • Laundry Features: In Unit
  • Heating: Multiple Heating Units
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 3600.0

Condo/Co-op/Association

  • Community Features: None

Lot Info

  • Parcel #: 33390200007008000016.0

Rental Info

  • Tenant Pays: Air Conditioning, Cable TV, Electricity, Janitorial Service, Sewer, Water

Multi Family

  • Annual Gross Income: 23400.0
  • Insurance Expense: 1500.0
  • Maintenance Expense: 600.0
  • Property Net Operating Income: 16523.0
  • Number Of Separate Electric Meters: 2

Tax Info

  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2011
Closed on
Apr 5, 2012
Sold by
Lazy J Llc
Bought by
Yellow Kid Inc
Seller's Agent
Steve Rennick
Rennick Real Estate
Buyer's Agent
Ron J. Rennick Jr.
Rennick Real Estate Island Ofc
List Price
$120,000
Sold Price
$91,000
Premium/Discount to List
-$29,000
-24.17%
Current Estimated Value
$293,093

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$202,093
Avg. Annual Appreciation
8.74%

Purchase Details

Listed on
Oct 28, 2011
Closed on
Apr 4, 2012
Sold by
Wu James D
Bought by
Lazy J Llc
Seller's Agent
Steve Rennick
Rennick Real Estate
Buyer's Agent
Ron J. Rennick Jr.
Rennick Real Estate Island Ofc
List Price
$120,000
Sold Price
$91,000
Premium/Discount to List
-$29,000
-24.17%

Purchase Details

Closed on
Nov 8, 2011
Sold by
Lazy J Llc
Bought by
Wu James D

Purchase Details

Closed on
Oct 7, 2011
Sold by
Wu James D
Bought by
Lazy J Llc

Purchase Details

Closed on
Apr 27, 2006
Sold by
Forte Peter A and Forte Maryann
Bought by
Kelley James and Kelley Ernestine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,600
Interest Rate
6.41%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 29, 2004
Sold by
Forte Peter A and Forte Mary Ann
Bought by
Forte Peter A and Forte Mary Ann

Purchase Details

Closed on
Sep 5, 2001
Sold by
Pfeffer Arthur L and Pfeffer Kathryn
Bought by
Forte Peter A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
6.89%

Purchase Details

Closed on
Mar 19, 1996

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
7.83%

Purchase Details

Closed on
May 2, 1995

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,000
Interest Rate
8.26%
Source: Public Records
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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
Yellow Kid Inc $91,000 Island Title Agency Llc
Lazy J Llc -- Island Title Agency Llc
Wu James D -- Oceanside Title & Escrow
Lazy J Llc -- None Available
Lazy J Llc $58,600 Oceanside Title & Escrow
Kelley James $272,000 Elite Title Of The Treasure
Forte Peter A $30,900 --
Forte Peter A $70,000 --
-- $16,709 --
-- $28,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kelley James $217,600
Previous Owner Forte Peter A $56,000
Previous Owner -- --
Previous Owner -- $34,000
Previous Owner -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/05/2012 04/05/12 Sold $91,000 -24.2% $66 / Sq Ft
03/06/2012 03/06/12 Pending -- -- --
10/28/2011 10/28/11 For Sale $120,000 -- $87 / Sq Ft
Source: REALTORS® Association of Indian River County

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 $3,123 $198,484 $62,316 $136,168
2024 $2,513 $170,935 $54,188 $116,747
2023 $2,513 $121,744 $0 $0
2022 $2,200 $136,283 $40,641 $95,642
2021 $1,964 $112,517 $27,094 $85,423
2020 $1,771 $95,660 $16,256 $79,404
2019 $1,700 $92,464 $16,256 $76,208
2018 $1,528 $75,593 $16,256 $59,337
2017 $1,478 $75,603 $0 $0
2016 $1,443 $79,290 $0 $0
2015 $1,274 $59,750 $0 $0
2014 $1,106 $54,670 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTORS® Association of Indian River County

MLS Number: 123304

APN: 33-39-02-00007-0080-00016.0

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