$410,000
SOLD DEC 29, 2020 RENTED NOV 13, 2024

2132 NE Pelican Terrace Jensen Beach, FL 34957

-- Bed
-- Bath
1,984 Sq Ft
0.26 Acres

Recently Sold

$207 Per Sq Ft

2% Below List Price

29 Days on Market

Highlights

  • Water Views
  • Patio
  • Central Heating and Cooling System
  • Jensen Beach Elementary School Rated A-
  • Tile Flooring
  • Fenced

About This Home

As of October 2024

Jensen Beach income property. Recently updated Duplex (2 units, both included are nearly identical) walking distance to downtown Jensen Beach. 2 beds 2 bath on each side, nearly 1,000 soft on each side. Granite countertops, stainless steel appliances, Impact Windows and Sliders!!!, Brand New Metal Roof September 2020!!!, sprinkler system, screened in patios, tile floors throughout, fenced in yard, new septic in 2017, new AC's and WH's in 2017, (2) separate electric meters, water on excellent deep well. One side vacant, the other is on month to month lease at $1,250 which is well below market rent. Market rent is approximately $1,600 for each side on an annual lease or cash in even more by operating as AirBnB short term or seasonal rental. Huge income producer!!!

Last Agent to Sell the Property

Jake Moriarty

Masters Realty Associates License #3221922 Listed on: 10/30/2020

Co-Listed By

Joanna Moriarty

Southern Key Realty License #3478186

Last Buyer's Agent

Jake Moriarty

Masters Realty Associates License #3221922 Listed on: 10/30/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,116

Year Built

  • Built in 1979

Lot Details

  • 0.26 Acre Lot
  • Fenced

Home Design

  • Duplex
  • Metal Roof

Interior Spaces

  • 1,984 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Water Views

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Well
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 223741001000001302

Community Details

Overview

  • 2 Units
  • Coconut Way Subdivision

Building Details

  • Operating Expense $6,000
  • Net Operating Income $32,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,116

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: Jensen Beach Blvd East to Indian River Dr go South on Indian River to Coconut St Make right go straight to Pelican Terr
  • Year Built: 1979
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 1984.0

Exterior Features

  • Exterior Features: Fence, Patio
  • View: Other, Water
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Metal

Garage/Parking

  • Garage Yn: No

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 223741001000001302
  • Lot Size Sq Ft: 11238.0
  • Zoning Description: 0800 Dup
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 32400.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 6000.0

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 3116.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2024
Closed on
Oct 7, 2024
Sold by
Santiago Shana and Santiago Gerardo J
Bought by
Casa D Santiago Llc
Seller's Agent
Candace Ortiz
Serhant
Buyer's Agent
Candace Ortiz
Serhant
Sold Price
$2,300
Current Estimated Value
$548,252

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$545,952
Avg. Annual Appreciation
8.09%
Original Mortgage
$382,500
Outstanding Balance
$378,562
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$169,690

Purchase Details

Listed on
Nov 13, 2024
Closed on
Oct 4, 2024
Sold by
Osovsky Mara
Bought by
Santiago Shana and Santiago Gerardo J
Seller's Agent
Candace Ortiz
Serhant
Buyer's Agent
Candace Ortiz
Serhant
Sold Price
$2,300

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Outstanding Balance
$378,562
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$169,690

Purchase Details

Listed on
Dec 21, 2020
Closed on
Dec 30, 2020
Sold by
Springman Michael E and Michael E Springman Trust
Bought by
Osovsky Mara
Seller's Agent
Joanna Moriarty
Southern Key Realty
Buyer's Agent
Joanna Moriarty
Southern Key Realty
Sold Price
$1,550

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.96%
Original Mortgage
$287,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 2018
Sold by
Springman Michael E
Bought by
Springman Michael E

Purchase Details

Closed on
Dec 22, 1998
Sold by
Kleinfeld Paul L and Kleinfeld Helen K
Bought by
Hill John R and Hill Kay L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,500
Interest Rate
6.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 1978
Bought by
Springman Michael E
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 Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Warranty Deed $510,000 None Listed On Document
Warranty Deed $410,000 Liberty Ttl Co Of America In
Warranty Deed -- Liberty Title & Escrow
Interfamily Deed Transfer -- Attorney
Warranty Deed $95,500 --
Deed $8,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $382,500 New Conventional
Previous Owner $287,000 New Conventional
Previous Owner $70,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2024 11/13/24 Rented $2,300 0.0% --
11/13/2024 11/13/24 For Rent $2,300 0.0% --
10/04/2024 10/04/24 Sold $510,000 -1.9% $257 / Sq Ft
08/12/2024 08/12/24 For Sale $519,900 0.0% $262 / Sq Ft
11/17/2023 11/17/23 Rented $18,900 +950.0% --
11/09/2023 11/09/23 Under Contract -- -- --
11/03/2023 11/03/23 For Rent $1,800 +16.1% --
02/07/2021 02/07/21 Rented $1,550 -99.6% --
01/08/2021 01/08/21 Under Contract -- -- --
12/29/2020 12/29/20 Sold $410,000 0.0% $207 / Sq Ft
12/21/2020 12/21/20 For Rent $1,550 0.0% --
11/29/2020 11/29/20 Pending -- -- --
10/30/2020 10/30/20 For Sale $419,900 +139.9% $212 / Sq Ft
04/22/2016 04/22/16 Sold $175,000 -7.8% $88 / Sq Ft
03/23/2016 03/23/16 Pending -- -- --
03/21/2016 03/21/16 For Sale $189,900 -- $96 / Sq Ft
Source: BeachesMLS

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 $6,098 $504,000 $171,000 $333,000
2024 $5,591 $318,934 -- --
2023 $5,591 $289,940 $0 $0
2022 $5,074 $263,582 $0 $0
2021 $4,540 $239,620 $103,500 $136,120
2020 $3,674 $223,200 $99,000 $124,200
2019 $3,116 $158,400 $99,000 $59,400
2018 $3,263 $168,000 $99,000 $69,000
2017 $2,626 $155,400 $90,000 $65,400
2016 $2,083 $113,400 $76,500 $36,900
2015 $1,627 $100,800 $54,000 $46,800
2014 $1,627 $81,600 $40,000 $41,600
Source: Public Records

Agents Affiliated with this Home

  • Jake Moriarty

    Seller's Agent in 2024

    Jake Moriarty

    Masters Realty Associates

    (772) 233-8200

    3 in this area

    45 Total Sales

    Jake Moriarty
    Section Image
  • Candace Ortiz

    Seller's Agent in 2024

    Candace Ortiz

    Serhant

    (561) 685-7368

    4 in this area

    63 Total Sales

    Candace Ortiz
    Section Image
  • Veronica Russo

    Seller Co-Listing Agent in 2024

    Veronica Russo

    Serhant

    (561) 371-7277

    3 in this area

    70 Total Sales

    Veronica Russo
    Section Image

  • J

    Seller's Agent in 2021

    Joanna Moriarty

    Southern Key Realty

    (772) 233-7198

    1 in this area

    21 Total Sales

    Joanna Moriarty
    Section Image

  • D

    Seller's Agent in 2016

    DOMINICK ALVIRA

    Sunrise City Realty

    (772) 468-7722

    51 Total Sales

    DOMINICK ALVIRA
    Section Image
See All Agents

Map

Source: BeachesMLS

MLS Number: R10667538

BeachesMLS

APN: 22-37-41-001-000-00130-2

Florida Martin County Jensen Beach 34957

2132 NE Pelican Terrace, Jensen Beach, FL

This home is located at 2132 NE Pelican Terrace, Jensen Beach, FL 34957 and is currently priced at $410,000, approximately $206 per square foot. This property was built in 1979. 2132 NE Pelican Terrace is a home located in Martin County with nearby schools including Jensen Beach Elementary School, Stuart Middle School, and Jensen Beach 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.

BeachesMLS 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