NOT LISTED FOR SALE

2111 Tree Ridge Ln NE Palm Bay, FL 32905

Port Malabar Neighborhood

Estimated Value: $480,000 - $686,000

3 Beds
2 Baths
4,256 Sq Ft
$138/Sq Ft Est. Value

Last Sold September 29, 2017

Last sale price $147,525 $35 Per Sq Ft

Est. 297% increase in value since last sale

Current estimated payment $3,556/month

8 Days on Market

Highlights

  • No HOA
  • Central Air
  • Wood Siding

About This Home

As of September 2017

This is an Investor special! The top two units are rented with the bottom two units needing extensive remodels. Building suffered no Hurricane Irma damage. Potential gross income with 4 units rented is $33,600 with a net of $26,700 . The property is conveniently located close to shopping and restaurants. Don't miss out on the opportunity to build your rental portfolio with a little sweat equity.

Last Agent to Sell the Property

Robert Lemke

Select Realty of Florida LLC License #3177766 Listed on: 09/15/2017

Last Buyer's Agent

Rita Czaya

Real Estate In the Area LLC License #3066410

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,428

Year Built

  • Built in 1988

Lot Details

  • 0.43

Home Design

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

Interior Spaces

  • 4,256 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring

Kitchen

  • Electric Range
  • Dishwasher

Schools

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

Additional Features

  • 0.43 Acre Lot
  • Central Air

Listing and Financial Details

  • The owner pays for grounds care, taxes
  • Assessor Parcel Number 28-37-28-01-0000b.0-0006.00

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $6,028
  • Gross Income $33,600
  • Net Operating Income $27,572

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,428

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1988
  • Reso Property Sub Type: Quadruplex
  • ResoSpecialListingConditions: Standard
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Location Tax and Legal Parcel Number2: 28-37-28-01-0000b.0-0006.00
  • 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: 2428.31
  • Location Tax and Legal Tax Year2: 2016
  • General Property Information Living Area2: 4256.0
  • General Property Information Building Area Total3: 4256.0
  • General Property Information Lot Size Acres: 0.43
  • General Property Information Lot Size Square Feet2: 18731.0
  • General Property Information Waterfront YN: No
  • Cooling Central Air: Yes
  • Flooring Laminate: Yes
  • Roof:Shingle: 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: 33600.0
  • Income And Expenses Operating Expense: 6028.0
  • Utilities Sewer Connected: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate, Other
  • Appliances: Dishwasher, Electric Range
  • ResoLivingAreaSource: PublicRecords
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes

Exterior Features

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

Garage/Parking

  • General Property Information:Garage YN: No

Utilities

  • Cooling: Central Air
  • Utilities: Sewer Connected, Water Available
  • 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: 2836689
  • Parcel #: 28-37-28-01-0000b.0-0006.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Grounds Care, Taxes

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 2428.31

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 6028.0
  • Income And Expenses Net Operating Income: 27572.0

MLS Schools

  • Elementary School: Riviera
  • High School: Palm Bay

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2017
Closed on
Sep 29, 2017
Sold by
2111 Tree Ridge Land Trust
Bought by
Jl Miami Homes Llc
Seller's Agent
Robert Lemke
Select Realty of Florida LLC
Buyer's Agent
Rita Czaya
Real Estate In the Area LLC
List Price
$149,900
Sold Price
$147,525
Premium/Discount to List
-$2,375
-1.58%
Current Estimated Value
$586,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$438,475
Avg. Annual Appreciation
18.72%

Purchase Details

Closed on
Nov 4, 2014
Sold by
Dieujuste Saint Charles
Bought by
2111 Tree Ridge Land Trust

Purchase Details

Closed on
Aug 24, 2005
Sold by
S A Investment Properties Inc
Bought by
Lockhart Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,750
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 30, 2004
Sold by
Garcia Genaro
Bought by
S A Investment Properties Inc

Purchase Details

Closed on
May 31, 1994
Sold by
Entner James L and Entner Esther R
Bought by
Garcia Genaro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
8.46%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jl Miami Homes Llc $147,600 Supreme Title Closing Llc
Jl Miami Homes Llc $147,600 Supreme Title Closing Llc
2111 Tree Ridge Land Trust $44,500 None Available
Lockhart Scott -- Republic Title Company
S A Investment Properties Inc $167,500 Peninsula Title Services Llc
Garcia Genaro $103,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lockhart Scott $213,750
Previous Owner Garcia Genaro $65,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2017 09/29/17 Sold $147,525 -1.6% $35 / Sq Ft
09/24/2017 09/24/17 Pending -- -- --
09/15/2017 09/15/17 For Sale $149,900 -- $35 / 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 $5,390 $470,400 -- --
2024 $4,697 $470,400 -- --
2023 $4,697 $384,000 $0 $0
2022 $3,923 $312,000 $0 $0
2021 $2,928 $136,120 $27,200 $108,920
2020 $2,839 $132,090 $27,200 $104,890
2019 $3,076 $125,800 $27,200 $98,600
2018 $2,949 $120,000 $0 $120,000
2015 $2,258 $92,000 $26,000 $66,000
2014 $3,023 $125,000 $26,000 $99,000
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2017

    Robert Lemke

    Select Realty of Florida LLC

    (321) 794-4180

    15 Total Sales

    Robert Lemke
    Section Image

  • R

    Buyer's Agent in 2017

    Rita Czaya

    Real Estate In the Area LLC

    Section Image
See All Agents

Map

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

MLS Number: 793685

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-37-28-01-0000B.0-0006.00

Florida Brevard County Palm Bay 32905 Port Malabar

2111 Tree Ridge Ln NE, Palm Bay, FL

This home is located at 2111 Tree Ridge Ln NE, Palm Bay, FL 32905 since 15 September 2017 and is currently estimated at $586,000, approximately $137 per square foot. This property was built in 1988. 2111 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.

Nearby Homes