NOT LISTED FOR SALE

2012 Tree Ridge Ln NE Palm Bay, FL 32905

Port Malabar Neighborhood

Estimated Value: $522,794 - $567,000

3 Beds
2 Baths
3,516 Sq Ft
$156/Sq Ft Est. Value

Last Sold February 28, 2018

Last sale price $289,900 $82 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $3,592/month

35 Days on Market

Highlights

  • No HOA
  • Central Air
  • Wood Siding
  • Tile Flooring

About This Home

As of February 2018

Great Value and Earning Potential of aprox 12% at this price. 4 units with 2 Bedrooms and 1 Bath each. Laundry hookups in each unit. Easy to rent! Call Today to view this Great Investment Opportunity!

Last Agent to Sell the Property

Pat Lutz

Banana River Realty License #3214472 Listed on: 12/02/2017

Last Buyer's Agent

Ralph Perrone

EXP Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,279

Year Built

  • Built in 1984

Lot Details

  • 0.43 Acre Lot

Home Design

  • Quadruplex
  • Frame Construction
  • Shingle Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,516 Sq Ft Home
  • 2-Story Property
  • Electric Range
  • Electric Dryer Hookup

Flooring

  • Carpet
  • Tile

Schools

  • Riviera Elementary School
  • Stone Middle School
  • Palm Bay High School

Utilities

  • Central Air
  • Separate Meters
  • Separate Water Meter
  • Cable TV Available

Listing and Financial Details

  • The owner pays for insurance, taxes, trash collection
  • Assessor Parcel Number 28-37-28-01-0000a.0-0007.00

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Pinehurst Subdivision

Building Details

  • Operating Expense $4,102
  • Gross Income $38,880
  • Net Operating Income $34,778

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,279

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1984
  • Reso Property Sub Type: Quadruplex
  • ResoLaundryFeatures: Electric Dryer Hookup
  • Road Surface Type: Paved
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Pinehurst
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Location Tax and Legal Parcel Number2: 28-37-28-01-0000a.0-0007.00
  • Location Tax and Legal Elementary School: Riviera
  • Location Tax and Legal Middle School2: Stone
  • Location Tax and Legal High School: Palm Bay
  • Location Tax and Legal Tax Annual Amount: 2279.04
  • Location Tax and Legal Tax Year2: 2017
  • General Property Information Living Area2: 3516.0
  • General Property Information Building Area Total3: 3516.0
  • General Property Information Lot Size Acres: 0.43
  • General Property Information Lot Size Square Feet2: 18731.0
  • General Property Information Waterfront YN: No
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Flooring Tile: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Roof:Shingle: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • Flooring Carpet: 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: 38880.0
  • Income And Expenses Operating Expense: 4102.0
  • Utilities Sewer Connected: Yes
  • Utilities Separate Electric Meters: Yes
  • Utilities Separate Water Meters: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Acres: 0.43
  • Waterfront: No
  • Construction Type: Frame, Stucco, Wood Siding
  • Construction Materials:Stucco: Yes
  • Construction Materials:Frame: Yes
  • Construction Materials:Wood Siding: Yes

Garage/Parking

  • General Property Information:Garage YN: No

Utilities

  • Cooling: Central Air, Electric
  • Utilities: Cable Available, 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

Schools

  • Middle Or Junior School: Stone

Lot Info

  • Lot Size Sq Ft: 18731.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2836682
  • Parcel #: 28-37-28-01-0000a.0-0007.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Insurance, Taxes, Trash Collection

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 2279.04

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 4102.0
  • Income And Expenses Net Operating Income: 34778.0

MLS Schools

  • Elementary School: Riviera
  • High School: Palm Bay

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 9, 2023
Sold by
Lpda Properties Llc
Bought by
Micheletti Craig and Micheletti Michelle
Current Estimated Value
$548,199

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,500
Outstanding Balance
$390,736
Interest Rate
7.63%
Mortgage Type
Construction
Estimated Equity
$157,463

Purchase Details

Listed on
Dec 2, 2017
Closed on
Feb 28, 2018
Sold by
Tree Ridge Lane N E Llc
Bought by
Lpda Properties Llc and Lpda Properties Llc
Seller's Agent
Pat Lutz
Banana River Realty
Buyer's Agent
Ralph Perrone
EXP Realty LLC
List Price
$299,900
Sold Price
$289,900
Premium/Discount to List
-$10,000
-3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.71%
Original Mortgage
$434,850
Interest Rate
4.15%

Purchase Details

Closed on
Jan 23, 2017
Sold by
Lawson Troy A
Bought by
2012 Ree Ridge Lane Ne Llc

Purchase Details

Closed on
Jan 1, 2017
Bought by
2012 Tree Ridge Lane Ne Llc

Purchase Details

Closed on
Apr 29, 2011
Sold by
Walden Kelly D and Murphy Walden Jill D
Bought by
Lawson Troy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,250
Interest Rate
4.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 8, 1993
Sold by
Coy Roger L and Coy Carolyn M
Bought by
Lindgren Rose M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,500
Interest Rate
7.01%
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
Micheletti Craig $530,000 None Listed On Document
Lpda Properties Llc $289,900 Supreme Title Closings Llc
2012 Ree Ridge Lane Ne Llc $50,000 Attorney
2012 Tree Ridge Lane Ne Llc $50,000 --
Lawson Troy A $87,000 North American Title Company
Lindgren Rose M $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Micheletti Craig $397,500
Previous Owner Lpda Properties Llc $434,850
Previous Owner Lawson Troy A $65,250
Previous Owner Lindgren Rose M $66,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2018 02/28/18 Sold $289,900 -3.3% $82 / Sq Ft
01/07/2018 01/07/18 Pending -- -- --
12/02/2017 12/02/17 For Sale $299,900 -- $85 / 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 $8,225 $436,800 -- --
2024 $6,090 $436,800 -- --
2023 $6,090 $345,600 $0 $0
2022 $5,411 $288,000 $0 $0
2021 $5,154 $247,920 $27,200 $220,720
2020 $4,992 $240,590 $27,200 $213,390
2019 $5,189 $229,130 $27,200 $201,930
2018 $2,361 $92,000 $0 $92,000
2015 $1,768 $70,000 $26,000 $44,000
2014 $2,570 $105,000 $26,000 $79,000
Source: Public Records

Agents Affiliated with this Home

  • Pat Lutz

    Seller's Agent in 2018

    Pat Lutz

    Banana River Realty

    (321) 693-1631

    1 in this area

    26 Total Sales

    Pat Lutz
    Section Image

  • R

    Buyer's Agent in 2018

    Ralph Perrone

    EXP Realty LLC

See All Agents

Map

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

MLS Number: 799558

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-37-28-01-0000A.0-0007.00

Florida Brevard County Palm Bay 32905 Port Malabar

2012 Tree Ridge Ln NE, Palm Bay, FL

This home is located at 2012 Tree Ridge Ln NE, Palm Bay, FL 32905 since 02 December 2017 and is currently estimated at $548,199, approximately $155 per square foot. This property was built in 1984. 2012 Tree Ridge Ln NE is a home located in Brevard County with nearby schools including Riviera Elementary School, Stone Magnet Middle School, and Palm Bay Magnet Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Space Coast MLS (Space Coast Association of REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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