NOT LISTED FOR SALE

2179 Pelham St Palm Bay, FL 32905

Estimated Value: $173,000 - $601,000

3 Beds
3 Baths
4,056 Sq Ft
$90/Sq Ft Est. Value

Last Sold October 11, 2013

Last sale price $155,000 $38 Per Sq Ft

Est. 136% increase in value since last sale

Current estimated payment $2,269/month

283 Days on Market

Highlights

  • No HOA
  • 1-Story Property
  • Central Air
  • Tile Flooring

About This Home

As of October 2013

FULLY OCCUPIED! 12% CAP rate Owner is moving = your gain! Two triplexes with a total of 6 units. These 650+ sq ft units are in GREAT condition & have 2 bedrooms, 1 bath, plenty of closets, all appliances & central air/ heat. Tenants pay their own electric, water & cable. Pest Control included in rent. Roofs are recent. Neighborhood is up & coming including City development as well as private development. All floor plans the same.

Last Agent to Sell the Property

Leslie Purdy

1 Call Real Estate Listed on: 09/17/2013

Last Buyer's Agent

Leslie Purdy

A Better Idea! Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,412

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 139 x 50

Parking

  • 8 Parking Spaces

Home Design

  • Shingle Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 4,056 Sq Ft Home
  • 1-Story Property
  • Electric Range

Flooring

  • Tile
  • Terrazzo

Schools

  • Palm Bay Elementary School
  • Palm Bay High School

Utilities

  • Central Air
  • Cable TV Available

Listing and Financial Details

  • The owner pays for exterior maintenance, grounds care, insurance, management, pest control, repairs, taxes
  • Assessor Parcel Number 28371450000140002200

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • Powells Subd Subdivision

Building Details

  • Operating Expense $6,561
  • Gross Income $32,400
  • Net Operating Income $26,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,412

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Reso Property Sub Type: Multi Family
  • Road Surface Type: Paved
  • Reso Association Amenities: Management - Off Site
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Powells Subd
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Location Tax and Legal Parcel Number2: 28371450000140002200
  • Location Tax and Legal Elementary School: Palm Bay Elem
  • Location Tax and Legal High School: Palm Bay
  • Location Tax and Legal Tax Annual Amount: 1411.85
  • Location Tax and Legal Tax Year2: 2012
  • General Property Information Building Area Total3: 4056.0
  • General Property Information Lot Size Acres: 0.16
  • General Property Information Lot Size Square Feet2: 9.0
  • General Property Information Waterfront YN: No
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Levels One: Yes
  • Roof:Shingle: Yes
  • Utilities Cable Available: Yes
  • Flooring Terrazzo: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • General Property Information Lot Size Dimensions: 139 x 50
  • General Property Information Number Of Units Total2: 6.0
  • Gross Scheduled Income: 32400.0
  • Income And Expenses Operating Expense: 6561.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Terrazzo, Tile
  • Appliances: Electric Range, Refrigerator
  • ResoLivingAreaSource: Other
  • Appliances:Electric Range: Yes

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Acres: 0.16
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes

Garage/Parking

  • Total Parking Spaces: 8.0
  • General Property Information:Garage YN: No
  • General Property Information:Parking Total: 8.0

Utilities

  • Cooling: Central Air
  • Utilities: Cable Available, Water Available
  • Cooling Y N: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Lot Info

  • Lot Dimensions: 139 x 50
  • Lot Size Sq Ft: 9.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 28371450000140002200
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Exterior Maintenance, Grounds Care, Insurance, Management, Pest Control, Repairs, Taxes

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 1411.85

Multi Family

  • Number Of Units Total: 6
  • Annual Operating Expense: 6561.0
  • Income And Expenses Net Operating Income: 26000.0

MLS Schools

  • Elementary School: Palm Bay Elem
  • High School: Palm Bay

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 3, 2023
Sold by
Kosho Suleiman Hanna
Bought by
Sai Property Investments Inc
Current Estimated Value
$365,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$637,500
Interest Rate
7.31%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 17, 2013
Closed on
Oct 11, 2013
Sold by
Rescue Property Solutions Llc
Bought by
Kosho Suleiman
Seller's Agent
Leslie Purdy
1 Call Real Estate
Buyer's Agent
Leslie Purdy
A Better Idea! Real Estate Services
List Price
$180,000
Sold Price
$155,000
Premium/Discount to List
-$25,000
-13.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.38%

Purchase Details

Closed on
Apr 29, 2011
Sold by
Malinowska Jacqueline D
Bought by
Rescue Property Solutions Llc

Purchase Details

Closed on
Dec 11, 1997
Sold by
Bonwell Maria A
Bought by
Malinowska Jacqueline D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.19%

Purchase Details

Closed on
Jul 25, 1994
Sold by
Bonwell Ralph F
Bought by
Bonwell Maria A
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
Sai Property Investments Inc $610,000 Neighbors Title Llc
Sai Property Investments Inc $610,000 Neighbors Title Llc
Kosho Suleiman $155,000 Sullivan Title Services Llc
Rescue Property Solutions Llc $55,000 State Title Partners Llp
Malinowska Jacqueline D -- --
Bonwell Maria A $39,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Sai Property Investments Inc $637,500
Previous Owner Malinowska Jacqueline D $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/11/2013 10/11/13 Sold $155,000 -13.9% $38 / Sq Ft
09/06/2013 09/06/13 Pending -- -- --
11/27/2012 11/27/12 For Sale $180,000 -- $44 / 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 $4,147 $244,800 -- --
2024 $2,497 $216,000 -- --
2023 $2,497 $172,800 $15,300 $157,500
2022 $1,939 $104,000 $0 $0
2021 $1,794 $81,530 $15,300 $66,230
2020 $1,669 $75,490 $15,300 $60,190
2019 $1,804 $74,080 $15,300 $58,780
2018 $1,735 $71,000 $0 $71,000
2017 $1,728 $68,000 $0 $68,000
2016 $1,556 $64,000 $0 $0
2015 $1,530 $61,000 $15,300 $45,700
2014 $1,508 $59,000 $15,300 $43,700
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2013

    Leslie Purdy

    1 Call Real Estate

See All Agents

Map

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

MLS Number: 655090

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-37-14-50-00014.0-0022.00

Florida Brevard County Palm Bay 32905

2179 Pelham St, Palm Bay, 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.

Nearby Homes