NOT LISTED FOR SALE

20 E Avenue B Melbourne, FL 32901

Estimated Value: $447,000 - $597,000

3 Beds
1 Bath
3,342 Sq Ft
$149/Sq Ft Est. Value

Last Sold August 28, 2020

Last sale price $319,000 $95 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $3,094/month

115 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Melbourne Senior High School Rated A-
  • Wood Siding

About This Home

As of August 2020

Old world charm on this well maintained 1928 built centrally located Melbourne fourplex. 2 up and 2 down 1 bedroom (potential 2nd bedroom) 1 bath. $24k spent on recent rehab to include resealing roof with elastomeric paint, overall exterior paint, new sidewalk and resurface steps.

Last Agent to Sell the Property

Glenn Cullingford

Coral C's Rlty. & Prop.Mgt.LLC License #3309700 Listed on: 06/08/2020

Co-Listed By

Glenn Cullingford II

Coral C's Rlty. & Prop.Mgt.LLC

Last Buyer's Agent

Jeff Porter

Denovo Realty License #3417552

Denovo Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,391

Year Built

  • Built in 1926

Lot Details

  • 8,276 Sq Ft Lot

Home Design

  • Quadruplex
  • Frame Construction
  • Membrane Roofing
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,342 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

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

Utilities

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

Listing and Financial Details

  • The owner pays for grounds care, insurance, management, pest control, repairs, sewer, taxes, trash collection, water
  • Assessor Parcel Number 27-37-27-50-0000c.0-0017.00

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Indian River Bluff Subdivision

Building Details

  • Operating Expense $12,800
  • Gross Income $39,700
  • Net Operating Income $26,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,391

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1926
  • Reso Property Sub Type: Quadruplex
  • Road Surface Type: Paved
  • Co List Office Mls Id: ccre0
  • Co List Office Phone: 305-998-9601
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Indian River Bluff
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Location Tax and Legal Parcel Number2: 27-37-27-50-0000c.0-0017.00
  • 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: 4391.38
  • Location Tax and Legal Tax Year2: 2019
  • General Property Information Living Area2: 3342.0
  • General Property Information Building Area Total3: 3342.0
  • General Property Information Lot Size Acres: 0.19
  • General Property Information Lot Size Square Feet2: 8276.0
  • General Property Information Waterfront YN: No
  • Appliances Refrigerators: Yes
  • Flooring Laminate: Yes
  • Utilities Cable Available: Yes
  • Levels Two: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • General Property Information Number Of Units Total2: 4.0
  • Gross Scheduled Income: 39700.0
  • Income And Expenses Operating Expense: 12800.0
  • Cooling WallWindow Unit(s): Yes
  • Owner Pays:Sewer2: Yes
  • Utilities Separate Electric Meters: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate
  • Appliances: Refrigerator
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Pool Features: None
  • Roof: Membrane
  • Acres: 0.19
  • Waterfront: No
  • Construction Type: Frame, Stucco, Wood Siding
  • Construction Materials:Stucco: Yes
  • Construction Materials:Frame: Yes
  • Construction Materials:Wood Siding: Yes
  • ConstructionSiding:Roof Membrane: 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: Wall/Window Unit(s)
  • Utilities: Cable Available, Water Available, Separate Electric Meters
  • Heating: Other
  • Cooling Y N: Yes
  • HeatingYN: 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: 8276.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 27-37-27-50-0000c.0-0017.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Grounds Care, Insurance, Management, Pest Control, Repairs, Sewer, Taxes, Trash Collection, Water, Other

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 4391.38

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 12800.0
  • Income And Expenses Net Operating Income: 26900.0

MLS Schools

  • Elementary School: Harbor City
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2020
Closed on
Aug 24, 2020
Sold by
Equity Trust Company
Bought by
Gabbianelli Matthew A
Seller's Agent
Glenn Cullingford
Coral C's Rlty. & Prop.Mgt.LLC
Buyer's Agent
Jeff Porter
Denovo Realty
List Price
$329,000
Sold Price
$319,000
Premium/Discount to List
-$10,000
-3.04%
Current Estimated Value
$496,497

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$177,497
Avg. Annual Appreciation
8.93%
Original Mortgage
$215,000
Outstanding Balance
$190,364
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$306,133

Purchase Details

Listed on
Jul 13, 2018
Closed on
Aug 24, 2018
Sold by
Thompson Gregory Scott and Thompson Christine M
Bought by
Equity Trust Company
Seller's Agent
Gene Lewis
Atlantic Properties & Inv, Inc
Buyer's Agent
Cindee Cullingford
Coral C's Rlty. & Prop.Mgt.LLC
List Price
$299,500
Sold Price
$275,000
Premium/Discount to List
-$24,500
-8.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.66%

Purchase Details

Listed on
Oct 31, 2014
Closed on
Dec 30, 2014
Sold by
Soca Holdings Llc
Bought by
Thompson Gregory Scott and Thompson Christine M
Seller's Agent
Andrew Ferreira
Engel & Voelkers Melb Downtown
Buyer's Agent
Pat Lutz
Atlantic Properties & Inv, Inc
List Price
$245,000
Sold Price
$193,000
Premium/Discount to List
-$52,000
-21.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.19%
Original Mortgage
$141,000
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 23, 2013
Sold by
Leighton Evan Neil and Leighton Sharon A
Bought by
Soca Holdings Llc

Purchase Details

Listed on
Aug 11, 2011
Closed on
May 23, 2013
Sold by
Talip Anzalena
Bought by
Leighton Ewan Neil and Leighton Sharon A
Seller's Agent
DeWayne Carpenter
Dale Sorensen Real Estate Inc.
Buyer's Agent
Garat Oates
Engel & Voelkers New Smyrna
List Price
$120,000
Sold Price
$100,000
Premium/Discount to List
-$20,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.75%

Purchase Details

Closed on
Feb 15, 2007
Sold by
S A Investment Properties Inc
Bought by
Talip Anzalena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,990
Interest Rate
6.16%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jan 12, 2006
Sold by
Ripepi Carmen
Bought by
S A Investment Properties Inc

Purchase Details

Closed on
Mar 25, 2004
Sold by
Guccione Edwin L and Guccione Joseph J
Bought by
Ripepi Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,500
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Gabbianelli Matthew A $319,000 Island T&E Agcy Inc
Equity Trust Company $275,000 East Coast Title
Thompson Gregory Scott $188,000 Attorney
Soca Holdings Llc -- Attorney
Leighton Ewan Neil $100,000 Supreme Title Closings Llc
Talip Anzalena $249,900 Republic Title Company
S A Investment Properties Inc $36,000 None Available
Ripepi Carmen $155,000 Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gabbianelli Matthew A $215,000
Previous Owner Thompson Gregory Scott $141,000
Previous Owner Talip Anzalena $24,990
Previous Owner Talip Anzalena $199,920
Previous Owner Ripepi Carmen $139,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/28/2020 08/28/20 Sold $319,000 0.0% $95 / Sq Ft
07/13/2020 07/13/20 Pending -- -- --
06/24/2020 06/24/20 Price Changed $319,000 -3.0% $95 / Sq Ft
06/08/2020 06/08/20 For Sale $329,000 0.0% $98 / Sq Ft
06/01/2020 06/01/20 Pending -- -- --
05/29/2020 05/29/20 For Sale $329,000 +3.1% $98 / Sq Ft
04/12/2020 04/12/20 Off Market $319,000 -- --
04/09/2020 04/09/20 Price Changed $325,000 +4.8% $97 / Sq Ft
04/06/2020 04/06/20 For Sale $310,000 0.0% $93 / Sq Ft
03/20/2020 03/20/20 Pending -- -- --
03/19/2020 03/19/20 For Sale $310,000 +12.7% $93 / Sq Ft
08/24/2018 08/24/18 Sold $275,000 -8.2% $82 / Sq Ft View Prior Sale
07/26/2018 07/26/18 Pending -- -- --
07/13/2018 07/13/18 For Sale $299,500 0.0% $90 / Sq Ft
04/28/2015 04/28/15 Rented $575 0.0% --
04/21/2015 04/21/15 Under Contract -- -- --
03/16/2015 03/16/15 For Rent $575 0.0% --
12/30/2014 12/30/14 Sold $193,000 -21.2% $58 / Sq Ft View Prior Sale
11/05/2014 11/05/14 Pending -- -- --
09/17/2013 09/17/13 For Sale $245,000 +145.0% $73 / Sq Ft
05/23/2013 05/23/13 Sold $100,000 -16.7% $30 / Sq Ft View Prior Sale
03/02/2013 03/02/13 Pending -- -- --
07/20/2011 07/20/11 For Sale $120,000 -- $36 / 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 $5,940 $336,000 -- --
2024 $5,677 $336,000 -- --
2023 $5,677 $336,000 $0 $0
2022 $4,885 $276,000 $0 $0
2021 $4,622 $242,200 $31,600 $210,600
2020 $4,437 $230,570 $31,600 $198,970
2019 $4,391 $219,580 $31,600 $187,980
2018 $4,102 $200,000 $0 $200,000
2017 $3,996 $190,000 $0 $190,000
2016 $3,866 $175,000 $0 $0
2015 $3,609 $156,000 $30,000 $126,000
2014 $2,522 $106,000 $30,000 $76,000
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 871402

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 27-37-27-50-0000C.0-0017.00