Seller's Agent in 2019
Scott Schuetz
Arium Real Estate, LLC
(321) 474-5776
6 in this area
15 Total Sales
2100 Franklin St Melbourne, FL 32901
Estimated Value: $439,000 - $1,009,000
2
Beds
2
Baths
1,852
Sq Ft
$341/Sq Ft
Est. Value
Highlights
- No HOA
- Wood Siding
- Vinyl Flooring
- Instant Hot Water
About This Home
As of September 2019Beautifully renovated and fully occupied downtown Melbourne quadplex. Excellent location with long term tenants in place. Each unit has been fully renovated with a designer touch to ensure a high demand for future rentability. This is a turn key opportunity with a cap rate of nearly 10%. Capital expenditures will be minimal as the building has a new roof, new electrical panels, impact windows, gas hot water heater and more. Owners provide water, hot water, common electricity and internet. Tenants pay their own electricity, coin laundry provides additional revenue! Owners are licensed Florida realtors
Last Agent to Sell the Property
Arium Real Estate, LLC License #3269978 Listed on: 08/14/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,796
Year Built
- Built in 1925
Lot Details
- 6,970
Parking
- 4 Parking Spaces
Home Design
- Quadruplex
- Frame Construction
- Shingle Roof
- Wood Siding
Interior Spaces
- 1,852 Sq Ft Home
- 2-Story Property
- Vinyl Flooring
Kitchen
- Electric Range
- Instant Hot Water
Schools
- University Park Elementary School
- Hoover Middle School
- Melbourne High School
Additional Features
- 6,970 Sq Ft Lot
- Cable TV Available
Listing and Financial Details
- The owner pays for electricity, gas, grounds care, insurance, tax, sewer, water
- Assessor Parcel Number 28-37-03-55-00008.0-0009.00
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- Operating Expense $8,856
- Gross Income $600
- Net Operating Income $33,444
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 14, 2019
Closed on
Sep 16, 2019
Sold by
Gray Michael D and Scarisbrick Tina
Bought by
Harmon Jeremiah C
Seller's Agent
Scott Schuetz
Arium Real Estate, LLC
Buyer's Agent
Ian Liddon
EXP Realty LLC
List Price
$349,000
Sold Price
$349,500
Premium/Discount to List
$500
0.14%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$281,988
Avg. Annual Appreciation
9.75%
Purchase Details
Closed on
Nov 21, 2011
Sold by
Tamburro John A and Tamburro Kathy A
Bought by
Weatherdon Christopher R and Dimodica Gayle 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
4.17%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Harmon Jeremiah C | $349,500 | None Available | |
| Weatherdon Christopher R | $112,000 | Countrywide Title & Escrow C |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Weatherdon Christopher R | $56,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/16/2019 09/16/19 | Sold | $349,500 | +0.1% | $189 / Sq Ft | |
| 08/17/2019 08/17/19 | Pending | -- | -- | -- | |
| 08/14/2019 08/14/19 | For Sale | $349,000 | +125.2% | $188 / Sq Ft | |
| 12/15/2016 12/15/16 | Sold | $155,000 | -35.1% | $84 / Sq Ft | View Prior Sale |
| 11/06/2016 11/06/16 | Pending | -- | -- | -- | |
| 10/16/2016 10/16/16 | For Sale | $239,000 | 0.0% | $129 / Sq Ft | |
| 05/16/2014 05/16/14 | For Rent | $495 | +4.2% | -- | |
| 05/16/2014 05/16/14 | Rented | $475 | +5.6% | -- | |
| 10/09/2012 10/09/12 | Rented | $450 | -9.1% | -- | |
| 10/09/2012 10/09/12 | Under Contract | -- | -- | -- | |
| 09/20/2012 09/20/12 | For Rent | $495 | -- | -- |
Source: Space Coast MLS (Space Coast Association of REALTORS®)
Tax History Compared to Growth
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 | $6,999 | $403,200 | -- | -- |
| 2024 | $7,060 | $388,800 | -- | -- |
| 2023 | $7,060 | $427,680 | $0 | $0 |
| 2022 | $6,328 | $400,140 | $0 | $0 |
| 2021 | $5,696 | $301,780 | $25,970 | $275,810 |
| 2020 | $5,466 | $287,400 | $25,970 | $261,430 |
| 2019 | $2,871 | $138,800 | $25,970 | $112,830 |
| 2018 | $2,796 | $132,000 | $0 | $132,000 |
| 2017 | $2,650 | $121,000 | $0 | $121,000 |
| 2016 | $2,293 | $106,000 | $0 | $0 |
| 2015 | $2,131 | $84,700 | $20,220 | $64,480 |
| 2014 | $1,903 | $77,000 | $16,390 | $60,610 |
Source: Public Records
Agents Affiliated with this Home
-
Scott Schuetz
-
Ian Liddon
Buyer's Agent in 2019
Ian Liddon
EXP Realty LLC
(321) 557-0990
11 in this area
65 Total Sales
-
J
Seller's Agent in 2016
Janice Roland
Coastal Living Realty & Inv.
-
Karen Gunn-Bardot
Seller's Agent in 2014
Karen Gunn-Bardot
Space Coast Realty & Inv. LLC
(321) 394-7750
1 Total Sale
-
B
Seller's Agent in 2012
Barbara Keller
Space Coast Realty & Inv. LLC
Map
Source: Space Coast MLS (Space Coast Association of REALTORS®)
MLS Number: 853272
APN: 28-37-03-55-00008.0-0009.00
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