NOT LISTED FOR SALE

2100 Franklin St Melbourne, FL 32901

Melbourne Area

Estimated Value: $512,000 - $1,049,000

2 Beds
2 Baths
1,852 Sq Ft
$357/Sq Ft Est. Value

Sale Details

Date Sold: September 16, 2019

Last sale price $349,500 $189 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $4,486 / mo

2 Days on Market

Highlights

  • No HOA
  • Wood Siding
  • Vinyl Flooring
  • Instant Hot Water

About This Home

As of September 2019

Beautifully 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

Scott Schuetz

Arium Real Estate, LLC License #3269978 Listed on: 08/14/2019

Last Buyer's Agent

Ian Liddon

EXP Realty LLC License #3399673

EXP Realty LLC

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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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, sewer, tax, 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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,796

Year Built

Built in 1925

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Year Built: 1925
  • Reso Property Sub Type: Quadruplex
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: None
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • General Property Information Water Body Access YN2: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Electric Range, Instant Hot Water, Refrigerator

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Acres: 0.16
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Frame, Wood Siding

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Utilities: Cable Available

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Hoover

Lot Info

  • Lot Size Sq Ft: 6970.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 28-37-03-55-00008.0-0009.00

Rental Info

  • Owner Pays: Electricity, Gas, Grounds Care, Insurance, Other, Sewer, Other Tax, Water

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 2795.61

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 600.0
  • Annual Operating Expense: 8856.0

MLS Schools

  • Elementary School: University Park
  • High School: Melbourne

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
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
$700,874

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$351,374
Avg. Annual Appreciation
9.55%

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%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Melbourne, FL

  • John King Real Estate Agent - RE/MAX Crown Realty

    John King

    RE/MAX Crown Realty

    (772) 646-9504

    898 Total Sales

    4 in Melbourne

    $340K - $433K Price Range

    John King
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  • Calvin Ratteray Real Estate Agent - LPT Realty, LLC

    Calvin Ratteray

    LPT Realty, LLC

    (321) 450-4837

    21 Total Sales

    2 in Melbourne

    $265K - $279K Price Range

    Calvin Ratteray
     Section Image
  • Peggy Page Real Estate Agent - EXP Realty, LLC

    Peggy Page

    EXP Realty, LLC

    (855) 693-2944

    49 Total Sales

    7 in Melbourne

    $105K - $555K Price Range

    Peggy Page
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  • Richard Farb Real Estate Agent - Boardwalk Realty, LLC

    Richard Farb

    Boardwalk Realty, LLC

    (815) 706-2928

    26 Total Sales

    1 in Melbourne

    $281,900 Price

    Richard Farb
     Section Image
  • Jama Porter Real Estate Agent - Denovo Realty

    Jama Porter

    Denovo Realty

    (321) 351-4746

    131 Total Sales

    19 in Melbourne

    $115K - $750K Price Range

    Jama Porter
     Section Image
  • Teresa Demark Real Estate Agent - All Real Estate, Inc.

    Teresa Demark

    Responds Quickly

    All Real Estate, Inc.

    (321) 730-3502

    55 Total Sales

    2 in Melbourne

    $405K - $550K Price Range

    Teresa Demark
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$349,500 None Available
Weatherdon Christopher R $112,000 Countrywide Title & Escrow C
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $210,000
Previous Owner Gray Michael O $210,000
Previous Owner Gray Michaeal $116,250
Previous Owner Weatherdon Christopher R $56,000
Previous Owner Tamburro John A $63,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 -- $129 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $7,433 $403,200
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 Real Estate Agent - Arium Real Estate, LLC

    Seller's Agent in 2019

    Scott Schuetz

    Arium Real Estate, LLC

    (321) 474-5776

    14 Total Sales

    Scott Schuetz
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  • Ian Liddon Real Estate Agent - EXP Realty LLC

    Buyer's Agent in 2019

    Ian Liddon

    EXP Realty LLC

    (321) 557-0990

    77 Total Sales

    Ian Liddon
    Section Image

  • JR

    Seller's Agent in 2016

    Janice Roland

    Coastal Living Realty & Inv.

  • Karen Gunn-Bardot Real Estate Agent - Space Coast Realty & Inv. LLC

    Seller's Agent in 2014

    Karen Gunn-Bardot

    Space Coast Realty & Inv. LLC

    (321) 394-7750

    1 Total Sale

    Karen Gunn-Bardot
    Section Image

  • BK

    Seller's Agent in 2012

    Barbara Keller

    Space Coast Realty & Inv. LLC

    Section Image
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Map

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

MLS Number: 853272

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-37-03-55-00008.0-0009.00

Florida Brevard County Melbourne 32901

2100 Franklin St, Melbourne, FL

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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