Seller's Agent in 2018
Greg Ellingson
Ellingson Properties
(321) 795-0021
57 in this area
603 Total Sales
2103 Highland Ave Melbourne, FL 32935
Estimated Value: $436,646 - $574,000
2
Beds
2
Baths
1,992
Sq Ft
$259/Sq Ft
Est. Value
Highlights
- No HOA
- 1-Story Property
- Central Air
- Terrazzo Flooring
About This Home
As of September 2018Investment property opportunity calling your name! This 4-plex is at 100% occupancy, conveniently located in Melbourne, near Eau Gallie Arts District and close to Florida's most beautiful beaches. Each unit has 1 bed, 1 bath with their own screened in patio and fenced back yard area for privacy. The front yard is a common area which is also fenced and shared amongst the tenants. Several units have received updates and are well maintained. Each unit yields $700-$725 rent per month. Rents continue to rise in this area making this investment even more of a goldmine!
Last Agent to Sell the Property
Ellingson Properties License #3066292 Listed on: 07/25/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,013
Year Built
- Built in 1959
Lot Details
- 8,712 Sq Ft Lot
- Lot Dimensions are 66 x 132
Home Design
- Quadruplex
- Shingle Roof
- Concrete Siding
- Block Exterior
Interior Spaces
- 1,992 Sq Ft Home
- 1-Story Property
- Terrazzo Flooring
- Microwave
Schools
- Creel Elementary School
- Johnson Middle School
- Eau Gallie High School
Utilities
- Central Air
Listing and Financial Details
- The owner pays for grounds care, sewer, taxes, water
- Assessor Parcel Number 27-37-16-25-00012.0-0005.00
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- Operating Expense $7,500
- Gross Income $36,000
- Net Operating Income $28,500
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 25, 2018
Closed on
Sep 14, 2018
Sold by
Pittman Donald M
Bought by
Florida Highland L L C
Seller's Agent
Greg Ellingson
Ellingson Properties
Buyer's Agent
Jeffrey Scarincio
River Breeze Real Estate
List Price
$330,000
Sold Price
$275,000
Premium/Discount to List
-$55,000
-16.67%
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
$241,162
Avg. Annual Appreciation
9.23%
Purchase Details
Listed on
Jul 9, 2016
Closed on
Jul 8, 2016
Sold by
Austin Kelli A
Bought by
Pittman Donald M
Seller's Agent
Dave Settgast
One Sotheby's International
Buyer's Agent
Kim Tillett
One Sotheby's International
List Price
$229,000
Sold Price
$225,000
Premium/Discount to List
-$4,000
-1.75%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.60%
Original Mortgage
$168,750
Interest Rate
3.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 10, 2006
Sold by
Hollis James E
Bought by
Austin Kelli A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,500
Interest Rate
6.19%
Purchase Details
Closed on
Oct 31, 2005
Sold by
Watrous Earl G and Watrous Scottie S
Bought by
Hollis James E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,600
Interest Rate
5.76%
Purchase Details
Closed on
Dec 19, 2003
Sold by
Stone Clarence E
Bought by
Watrous Earl G and Watrous Scottie S
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 |
|---|---|---|---|
| Florida Highland L L C | $275,000 | Echelon Title Services Llc | |
| Pittman Donald M | $225,000 | State Title Pantnera Llc | |
| Austin Kelli A | $331,500 | None Available | |
| Hollis James E | $260,000 | Ticor Title | |
| Watrous Earl G | $45,000 | Aurora Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Pittman Donald M | $168,750 | |
| Previous Owner | Austin Kelli A | $248,500 | |
| Previous Owner | Hollis James E | $213,600 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/14/2018 09/14/18 | Sold | $275,000 | -8.3% | $138 / Sq Ft | |
| 08/20/2018 08/20/18 | Pending | -- | -- | -- | |
| 08/10/2018 08/10/18 | Price Changed | $299,900 | -9.1% | $151 / Sq Ft | |
| 07/25/2018 07/25/18 | For Sale | $330,000 | +46.7% | $166 / Sq Ft | |
| 07/08/2016 07/08/16 | Sold | $225,000 | -1.7% | $75 / Sq Ft | View Prior Sale |
| 05/09/2016 05/09/16 | Pending | -- | -- | -- | |
| 10/31/2015 10/31/15 | For Sale | $229,000 | -- | $77 / Sq Ft |
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 | $6,722 | $480,000 | -- | -- |
| 2024 | $6,452 | $432,000 | -- | -- |
| 2023 | $6,452 | $432,000 | $0 | $0 |
| 2022 | $5,494 | $358,800 | $0 | $0 |
| 2021 | $4,841 | $254,320 | $60,980 | $193,340 |
| 2020 | $4,642 | $242,310 | $60,980 | $181,330 |
| 2019 | $4,394 | $219,710 | $60,980 | $158,730 |
| 2018 | $4,006 | $195,000 | $0 | $195,000 |
| 2017 | $4,013 | $190,000 | $0 | $190,000 |
| 2016 | $3,376 | $160,000 | $0 | $0 |
| 2015 | $3,151 | $130,900 | $43,560 | $87,340 |
| 2014 | $2,799 | $119,000 | $43,560 | $75,440 |
Source: Public Records
Agents Affiliated with this Home
-
Greg Ellingson
-
Jeffrey Scarincio
Buyer's Agent in 2018
Jeffrey Scarincio
River Breeze Real Estate
(321) 223-2775
1 in this area
93 Total Sales
-
Dave Settgast
Seller's Agent in 2016
Dave Settgast
One Sotheby's International
(321) 543-1187
29 in this area
263 Total Sales
-
Kim Tillett
Buyer's Agent in 2016
Kim Tillett
One Sotheby's International
(321) 446-9035
3 in this area
78 Total Sales
Map
Source: Space Coast MLS (Space Coast Association of REALTORS®)
MLS Number: 820008
APN: 27-37-16-25-00012.0-0005.00
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