NOT LISTED FOR SALE

2405 Stone St Melbourne, FL 32901

Estimated Value: $248,027

0.34 Acre
$729,491 Price per Acre
14,810 Sq Ft Lot

Last Sold March 04, 2024

Last sale price $260,000 $229 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $1,304/month

74 Days on Market

About This Lot

As of March 2024

Two adjacent lots (2401 & 2405 Stone St) to be sold together in Downtown Melbourne! Utilities available (no impact fees), with VERY friendly zoning: C-3/Mixed use. Ideal for a multifamily development (up to 40 units), office/retail, residential, self-storage, you name it. Additional 0.10 acers confirmed (by the city) and available on the east end (back) of both lots (just fill out the abandon and vacate form, provided in documents). Located in the community redevelopment area, there are lots of financial incentives for building here. See Documents for supporting info. Both lots are less than a quarter mile from Crane Creek and less than a half mile from the Melbourne Causeway. Huge investment potential with several development projects going on right in the neighborhood!

Last Agent to Sell the Property

Samuel Boyd

Denovo Realty License #3535707 Listed on: 12/06/2023

Denovo Realty

Last Buyer's Agent

Non-Member Non-Member Out Of Area

Non-MLS or Out of Area License #nonmls

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $172

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 120x123
  • Property fronts a private road
  • Cleared Lot
  • 2 Lots in the community
  • Zero Lot Line

Schools

  • Harbor City Elementary School
  • Stone Middle School
  • Melbourne High School

Utilities

  • Underground Utilities

Community Details

  • No Home Owners Association
  • Spottswood And Salano Plat No 1 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 28-37-02-79-00000.0-0010.00

Property Details

Property Type

Land

Est. Annual Taxes

$172

Lot Details

0

Listing Details

  • Property Type: Land
  • Reso Property Sub Type: Unimproved Land
  • ResoLotFeatures: Cleared, Easement Access, Zero Lot Line
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Spottswood and Salano Plat No 1
  • Financial Info Electric: Underground
  • Location Tax and Legal Parcel Number2: 28-37-02-79-00000.0-0010.00
  • Location Tax and Legal Elementary School: Harbor City
  • Location Tax and Legal Middle School2: Stone
  • Location Tax and Legal High School: Melbourne
  • Location Tax and Legal Tax Annual Amount: 172.48
  • Location Tax and Legal Tax Year2: 2023
  • General Property Information Lot Size Acres: 0.34
  • General Property Information Lot Size Square Feet2: 14810.0
  • General Property Information Waterfront YN: No
  • General Property Information Senior Community YN: No
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Utilities Water Available: Yes
  • Utilities Sewer Available: Yes
  • General Property Information Lot Size Dimensions: 120x123
  • Utilities Electricity Available: Yes
  • General Property Information Number Of Lots2: 2.0
  • Electric Underground: Yes
  • General Property Information CDD Fee YN: No
  • Road Frontage Type Private Road: Yes
  • Development Status Raw Land: Yes
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Exterior Features

  • Pool Features: None
  • Acres: 0.34
  • Waterfront: No
  • Lot Features:Zero Lot Line: Yes
  • Lot Features:Cleared: Yes

Utilities

  • Utilities: Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Stone

Lot Info

  • Number Of Lots: 2
  • Current Use: Commercial, Hotel/Motel, Investment, Mixed Use, Multi-Family, Residential, Single Family, Unimproved
  • Lot Dimensions: 120x123
  • Lot Size Sq Ft: 14810.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 28-37-02-79-00000.0-0010.00
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 172.48

MLS Schools

  • Elementary School: Harbor City
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2023
Closed on
Mar 4, 2024
Sold by
Gibson Lanorris
Bought by
Moltor Llc
Seller's Agent
Samuel Boyd
Denovo Realty
Buyer's Agent
Non-Member Non-Member Out Of Area
Non-MLS or Out of Area
List Price
$260,000
Sold Price
$260,000
Views
29
Current Estimated Value
$248,027

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,973
Avg. Annual Appreciation
-2.36%

Purchase Details

Closed on
Aug 13, 2007
Sold by
Clark Bertha
Bought by
Gibson Lanorris

Purchase Details

Closed on
Mar 1, 2002
Sold by
Tucker Oliva and Tucker Horace
Bought by
Clark Booker T
Source: Public Records
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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
Moltor Llc $260,000 Orlando Title Professionals
Moltor Llc $260,000 Orlando Title Professionals
Gibson Lanorris -- None Available
Clark Booker T -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/04/2024 03/04/24 Sold $260,000 0.0% $229 / Sq Ft
12/06/2023 12/06/23 For Sale $260,000 -- $229 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

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 $193 $12,000 -- --
2024 $178 $11,000 -- --
2023 $178 $9,900 $9,900 $0
2022 $198 $9,000 $0 $0
2021 $236 $11,200 $9,000 $2,200
2020 $216 $9,570 $7,500 $2,070
2019 $216 $10,320 $7,500 $2,820
2018 $497 $25,230 $6,000 $19,230
2017 $443 $18,610 $4,500 $14,110
2016 $428 $16,700 $3,720 $12,980
2015 $451 $16,300 $2,400 $13,900
2014 $401 $14,070 $1,500 $12,570
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 981823

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-37-02-79-00000.0-0010.00

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