NOT LISTED FOR SALE

Estimated Value: $172,720 - $214,000

1 Bed
1 Bath
3,922 Sq Ft
$49/Sq Ft Est. Value

Last Sold June 30, 2022

Last sale price $1,232,500 $314 Per Sq Ft

Current estimated payment $1,266/month

18 Days on Market

Highlights

  • Water Views
  • Impact Glass
  • Central Heating and Cooling System
  • Room in yard for a pool
  • Ceramic Tile Flooring

About This Home

As of June 2022

WHAT A UNIQUE OPPORTUNITY! THIS IS A FIVE UNIT CONDOMINIUM BUILDING WHICH ALL FIVE ARE INDIVIDUALLY DEEDED. THREE ONE BEDROOM UNITS AND TWO TWO BEDROOM UNITS. PERFECT FOR AN AIRBNB, MOTEL, CONDO COMPLEX, FAMILY COMPOUND, OR JUST KEEP IT AS IT IS. THIS A SOLID CBS STRUCTURE WITH NEWER IMPACT WINDOWS AND DOORS, NEWER 50 YEAR STONE COATED METAL BARRELL STYLE ROOF. SEPTIC SYSTEM AND DRAINFIELD WITH TANKS AND LIFTS REPLACED IN 2006. FRESHLY PAINTED AND NUMEROUS UPGRADES. STEPS AWAY FROM ONE OF THE BEST BEACHES ON THE EAST COAST. NO CITY TAXES AND IT IS NOT IN A FLOOD ZONE! FPL PROVIDES POWER. EACH UNIT HAS IT'S OWN METER AND ONE WATER METER. THE POTENTIAL INCOME OF THIS 5 PLEX IS HUGE.

Last Agent to Sell the Property

Mark Tierney

Coldwell Banker Paradise License #377987 Listed on: 05/12/2022

Coldwell Banker Paradise

Last Buyer's Agent

Mark Tierney

Coldwell Banker Paradise License #377987 Listed on: 05/12/2022

Coldwell Banker Paradise

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,245

Year Built

  • Built in 1973

Lot Details

  • 0.3

Home Design

  • Barrel Roof Shape
  • Metal Roof

Interior Spaces

  • 3,922 Sq Ft Home
  • 2-Story Property
  • Single Hung Metal Windows
  • Ceramic Tile Flooring
  • Water Views
  • Impact Glass

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Additional Features

  • Room in yard for a pool
  • 0.3 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 143660400010003

Community Details

Overview

  • 4 Units
  • Outer Reef, A Condominium Subdivision

Pet Policy

  • Pet Size Limit

Building Details

  • Operating Expense $23,000
  • Net Operating Income $40,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,245

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: N CAUSEWAY DR TO SHOREWINDS S ON TAMARIND.
  • Year Built: 1973
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 3922.0
  • Window Features: Impact Glass, Metal, Single Hung

Exterior Features

  • Exterior Features: Room For Pool
  • View: Other, Water
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Barrel, Metal

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Cable Available, Electricity Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly
  • Pets Allowed: Size Limit

Lot Info

  • Parcel #: 143660400010003
  • Lot Size Sq Ft: 12875.0
  • Zoning Description: RS-4Co
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 40000.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 23000.0

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 1245.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2022
Closed on
Jun 30, 2022
Sold by
Wackprop Llc
Bought by
6510N102 Llc
Seller's Agent
Mark Tierney
Coldwell Banker Paradise
Buyer's Agent
Mark Tierney
Coldwell Banker Paradise
List Price
$1,250,000
Sold Price
$1,232,500
Premium/Discount to List
-$17,500
-1.4%
Current Estimated Value
$190,930

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,041,570
Avg. Annual Appreciation
-42.98%

Purchase Details

Closed on
Feb 19, 2013
Sold by
Outer Reef Condominium Association Inc
Bought by
Wacker Robert A and Wacker Mary L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
3.43%
Mortgage Type
Balloon

Purchase Details

Closed on
Sep 25, 2012
Sold by
Tc Stuart Llc
Bought by
Br West Llc

Purchase Details

Closed on
Aug 24, 2012
Sold by
Tamarind Llc
Bought by
Tc Stuart Llc

Purchase Details

Closed on
Jan 13, 2004
Sold by
Sullivan Timothy L
Bought by
Pineapple Ent Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.87%

Purchase Details

Closed on
Jun 13, 1997
Sold by
Jones Larry L and Jones Judith A
Bought by
Sullivan Timothy L and Sullivan Debora L
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Date Buyer Sale Price Title Company
6510N102 Llc $1,232,500 St Lucie Title Services
Wacker Robert A $224,000 St Lucie Title Services Inc
Wacker Robert A -- St Lucie Title Services Inc
Br West Llc -- St Lucie Title Services Inc
Br West Llc -- None Available
Tc Stuart Llc -- Attorney
Tc Stuart Llc $181,600 None Available
Pineapple Ent Inc $425,000 --
Sullivan Timothy L $270,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wacker Robert A $168,000
Previous Owner Pineapple Ent Inc $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2022 06/30/22 Sold $1,232,500 -1.4% $314 / Sq Ft
05/31/2022 05/31/22 Pending -- -- --
05/12/2022 05/12/22 For Sale $1,250,000 -- $319 / 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
2024 $3,079 $159,100 -- $159,100
2023 $3,079 $159,100 $0 $159,100
2022 $1,546 $102,800 $0 $102,800
2021 $1,245 $61,400 $0 $61,400
2020 $1,151 $56,100 $0 $56,100
2019 $1,166 $56,100 $0 $56,100
2018 $1,123 $56,100 $0 $56,100
2017 $1,036 $56,100 $0 $56,100
2016 $889 $44,300 $0 $44,300
2015 -- $44,300 $0 $44,300
2014 -- $44,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10799493

BeachesMLS

APN: 14-36-604-0001-0003