NOT LISTED FOR SALE

220 Grosse Pointe Ave Indialantic, FL 32903

Paradise Beach Neighborhood

Estimated Value: $432,000 - $572,000

2 Beds
4 Baths
1,525 Sq Ft
$320/Sq Ft Est. Value

Sale Details

Date Sold: February 20, 2018

Last sale price $275,000 $180 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $3,059 / mo

213 Days on Market

Highlights

  • Waterfront
  • No HOA
  • Tile Flooring
  • Indialantic Elementary School Rated A-
  • 1 Car Attached Garage
  • 1-Story Property

About This Home

As of February 2018

Indialantic duplex. Great location close to the beach shops and schools. Both units are 2 bedroom 1 bath with 1 car garage. Duplex next door is also for sale by the same owner.

Last Agent to Sell the Property

Russ Pappas

Salt Water Realty of Brevard License #3242060 Listed on: 06/14/2017

Last Buyer's Agent

Russ Pappas

Salt Water Realty of Brevard License #3242060 Listed on: 06/14/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,596

Year Built

  • Built in 1977

Lot Details

  • 7,405 Sq Ft Lot
  • Waterfront

Parking

  • 1 Car Attached Garage
  • Additional Parking

Home Design

  • Duplex
  • Shingle Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,525 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Schools

  • Indialantic Elementary School
  • Hoover Middle School
  • Melbourne High School

Utilities

  • Central Air
  • Cable TV Available

Listing and Financial Details

  • The owner pays for grounds care, insurance, taxes, trash collection
  • Assessor Parcel Number 27-38-31-Ew-0000f.0-0006.03

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • North Indialantic By The Sea Replat Of Subdivision

Building Details

  • Operating Expense $5,780
  • Gross Income $28,800
  • Net Operating Income $23,020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,596

Year Built

Built in 1977

Lot Details

7,405 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Residential Income
  • Year Built: 1977
  • Reso Property Sub Type: Duplex
  • Road Surface Type: Paved
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: NORTH INDIALANTIC BY THE SEA REPLAT OF
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • Location Tax and Legal Parcel Number2: 27-38-31-Ew-0000f.0-0006.03
  • Location Tax and Legal Elementary School: Indialantic
  • Location Tax and Legal Middle School2: Hoover
  • Location Tax and Legal High School: Melbourne
  • Location Tax and Legal Tax Annual Amount: 3596.25
  • Location Tax and Legal Tax Year2: 2016
  • General Property Information Living Area2: 1525.0
  • General Property Information Building Area Total3: 2029.0
  • General Property Information Lot Size Acres: 0.17
  • General Property Information Lot Size Square Feet2: 7405.0
  • General Property Information Waterfront YN: No
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Flooring Tile: Yes
  • Levels One: Yes
  • Roof:Shingle: Yes
  • Utilities Cable Available: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • General Property Information Number Of Units Total2: 2.0
  • General Property Information Water Frontage Feet: 1
  • Gross Scheduled Income: 28800.0
  • Income And Expenses Operating Expense: 5780.0
  • Utilities Sewer Connected: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Tile
  • Appliances: Refrigerator
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Acres: 0.17
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: Additional Parking, Attached
  • Total Parking Spaces: 2.0
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 1.0
  • Parking Features:Additional Parking: Yes
  • Parking Features:Attached: Yes
  • General Property Information:Parking Total: 2.0

Utilities

  • Cooling: Central Air, Electric
  • Utilities: Cable Available, 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: Hoover

Lot Info

  • Lot Size Sq Ft: 7405.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 27-38-31-Ew-0000f.0-0006.03
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Grounds Care, Insurance, Taxes, Trash Collection

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 3596.25

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 5780.0
  • Income And Expenses Net Operating Income: 23020.0

MLS Schools

  • Elementary School: Indialantic
  • 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
Jun 14, 2017
Closed on
Jan 13, 2018
Sold by
Bought by
Seller's Agent
Russ Pappas
Salt Water Realty of Brevard
Buyer's Agent
Russ Pappas
Salt Water Realty of Brevard
List Price
$350,000
Sold Price
$275,000
Premium/Discount to List
-$75,000
-21.43%
Current Estimated Value
$487,583

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$212,583
Avg. Annual Appreciation
7.16%
Original Mortgage
$206,250
Outstanding Balance
$174,095
Interest Rate
3.95%
Mortgage Type
New Conventional
Estimated Equity
$313,488

Purchase Details

Listed on
Apr 22, 2015
Closed on
May 1, 2015
Sold by
Bought by
Seller's Agent
Wendy Murray
One Sotheby's International
Buyer's Agent
Russ Pappas
Salt Water Realty of Brevard
List Price
$250,000
Sold Price
$222,500
Premium/Discount to List
-$27,500
-11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.83%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
$275,000 Precise Title Inc
$222,500 Alliance Title Insurance Age
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
Open $206,250
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
02/20/2018 02/20/18 Sold $275,000 -21.4% $180 / Sq Ft
01/12/2018 01/12/18 Pending -- -- --
06/12/2017 06/12/17 For Sale $350,000 +57.3% $230 / Sq Ft
05/01/2015 05/01/15 Sold $222,500 -11.0% $122 / Sq Ft View Prior Sale
04/22/2015 04/22/15 Pending -- -- --
04/18/2015 04/18/15 For Sale $250,000 -- $137 / 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
2025 $5,646 $405,600 -- --
2024 $5,419 $405,600 -- --
2023 $5,419 $390,000 $0 $0
2022 $4,694 $336,600 $0 $0
2021 $4,383 $261,810 $140,000 $121,810
2020 $4,206 $249,340 $110,000 $139,340
2019 $3,889 $226,670 $110,000 $116,670
2018 $3,959 $226,000 $0 $226,000
2015 $3,230 $155,000 $100,000 $55,000
2014 -- $143,000 $80,000 $63,000
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2018

    Russ Pappas

    Salt Water Realty of Brevard

    Section Image
  • Wendy Murray

    Seller's Agent in 2015

    Wendy Murray

    One Sotheby's International

    (321) 243-3595

    9 Total Sales

    Wendy Murray
    Section Image
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Map

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

MLS Number: 785971

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 27-38-31-EW-0000F.0-0006.03

Florida Brevard County Indialantic 32903 Paradise Beach

220 Grosse Pointe Ave, Indialantic, 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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