NOT LISTED FOR SALE

2470 Pineapple Ave Melbourne, FL 32935

Estimated Value: $883,000 - $1,120,220

-- Bed
2 Baths
6,728 Sq Ft
$143/Sq Ft Est. Value

Last Sold October 31, 2014

Last sale price $435,000 $65 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $6,253/month

4 Days on Market

Highlights

  • RV Access or Parking
  • No HOA
  • Central Air
  • 0.7 Acre Lot
  • Tile Flooring

About This Home

As of October 2014

Indian River views from this 8 unit apartment. 2 Buildings with 4 units each. Plenty of parking including boat or trailer storage area. 100% occupied. Nice sidewalk to restaurants. Property has been under same ownership for over 18years. Professional management included in expenses. Owner pays for water and sewer, maintains grounds, and pest control. Roofs replaced in 2004 and 2005. Painted 2 years ago

Last Agent to Sell the Property

Steven Schlitt

Coldwell Banker Paradise Listed on: 09/14/2014

Last Buyer's Agent

Salvador Aleguas

Sal Aleguas Inc. License #3008484

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,566

Year Built

  • Built in 1983

Lot Details

  • 0.7 Acre Lot

Parking

  • RV Access or Parking

Home Design

  • Shingle Roof
  • Concrete Siding
  • Block Exterior

Interior Spaces

  • 6,728 Sq Ft Home
  • 2-Story Property
  • Electric Range

Flooring

  • Carpet
  • Laminate
  • Tile

Laundry

  • Dryer
  • Washer

Schools

  • Creel Elementary School
  • Johnson Middle School
  • Eau Gallie High School

Utilities

  • Central Air
  • Separate Meters
  • Well
  • Cable TV Available

Listing and Financial Details

  • The owner pays for grounds care, insurance, management, pest control, repairs, sewer, taxes, trash collection, water
  • Assessor Parcel Number 27-37-09-51-00000.0-0001.00

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • Operating Expense $24,000
  • Gross Income $52,000
  • Net Operating Income $28,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,566

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1983
  • Reso Property Sub Type: Multi Family
  • Road Surface Type: Paved
  • Reso Association Amenities: Management - Off Site
  • ResoSpecialListingConditions: Standard
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Location Tax and Legal Parcel Number2: 27-37-09-51-00000.0-0001.00
  • Location Tax and Legal Elementary School: Creel
  • Location Tax and Legal Middle School2: Johnson
  • Location Tax and Legal High School: Eau Gallie
  • Location Tax and Legal Tax Annual Amount: 5565.67
  • Location Tax and Legal Tax Year2: 2013
  • General Property Information Living Area2: 6728.0
  • General Property Information Building Area Total3: 6842.0
  • General Property Information Lot Size Acres: 0.7
  • General Property Information Lot Size Square Feet2: 30444.0
  • General Property Information Waterfront YN: No
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Flooring Laminate: Yes
  • Flooring Tile: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Roof:Shingle: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • Flooring Carpet: Yes
  • Levels Two: Yes
  • Water Source Well: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • General Property Information Number Of Units Total2: 8.0
  • Gross Scheduled Income: 52000.0
  • Income And Expenses Operating Expense: 24000.0
  • Owner Pays:Sewer2: Yes
  • Utilities Separate Electric Meters: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Laminate, Tile
  • Appliances: Dryer, Electric Range, Washer
  • ResoLivingAreaSource: PublicRecords
  • Appliances:Electric Range: Yes

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Acres: 0.7
  • Waterfront: No
  • Construction Type: Block, Concrete
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: RV Access/Parking
  • General Property Information:Garage YN: No
  • Parking Features:RV AccessParking: Yes

Utilities

  • Cooling: Central Air, Electric
  • Utilities: Cable Available, Electricity Connected, Water Available, Separate Electric Meters
  • Cooling Y N: Yes
  • Water Source: Public, Well

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Johnson

Lot Info

  • Lot Size Sq Ft: 30444.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2712449
  • Parcel #: 27-37-09-51-00000.0-0001.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Grounds Care, Insurance, Management, Pest Control, Repairs, Sewer, Taxes, Trash Collection, Water

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 5565.67

Multi Family

  • Number Of Units Total: 8
  • Annual Operating Expense: 24000.0
  • Income And Expenses Net Operating Income: 28000.0

MLS Schools

  • Elementary School: Creel
  • High School: Eau Gallie

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2014
Closed on
Oct 24, 2014
Sold by
Reising Joseph P and Joseph P Reising Living Trust
Bought by
Whyte Kirk R
Seller's Agent
Steven Schlitt
Coldwell Banker Paradise
Buyer's Agent
Salvador Aleguas
Sal Aleguas Inc.
List Price
$425,000
Sold Price
$435,000
Premium/Discount to List
$10,000
2.35%
Current Estimated Value
$968,402

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$533,402
Avg. Annual Appreciation
6.76%

Purchase Details

Closed on
Nov 29, 2007
Sold by
Reising Joseph P and Reising Ellen
Bought by
Reising Joseph P and Reising Ellen

Purchase Details

Closed on
Oct 18, 2007
Sold by
Reising Joseph P and Reising Ellen
Bought by
Reising Joseph P and Reising Ellen

Purchase Details

Closed on
Feb 13, 1995
Sold by
Pagliocca Rosarie and Jones Eugenia
Bought by
Board Cty Commissioners
Source: Public Records

Range of Values:

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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
Whyte Kirk R $435,000 Sunbelt Title Agency
Reising Joseph P -- Attorney
Reising Joseph P -- None Available
Board Cty Commissioners $144,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wyte Kirk $408,000
Previous Owner Reising Joseph P $130,000
Previous Owner Reising Joseph P $40,836
Previous Owner Pascale Donald $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2014 10/31/14 Sold $435,000 +2.4% $65 / Sq Ft
09/19/2014 09/19/14 Pending -- -- --
09/14/2014 09/14/14 For Sale $425,000 -- $63 / 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
2023 $11,713 $768,000 $0 $0
2022 $10,456 $720,250 $0 $0
2021 $8,875 $459,300 $68,000 $391,300
2020 $8,530 $437,620 $68,000 $369,620
2019 $8,558 $422,820 $68,000 $354,820
2018 $8,672 $420,000 $0 $420,000
2017 $8,800 $415,000 $0 $415,000
2016 $8,744 $390,000 $0 $0
2015 $8,331 $360,000 $68,000 $292,000
2014 $5,724 $240,000 $68,000 $172,000
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2014

    Steven Schlitt

    Coldwell Banker Paradise

  • Salvador Aleguas

    Buyer's Agent in 2014

    Salvador Aleguas

    Sal Aleguas Inc.

    (321) 591-7653

    13 Total Sales

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Map

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

MLS Number: 706445

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 27-37-09-51-00000.0-0001.00

Florida Brevard County Melbourne 32935

2470 Pineapple Ave, Melbourne, FL

This home is located at 2470 Pineapple Ave, Melbourne, FL 32935 since 14 September 2014 and is currently estimated at $965,073, approximately $143 per square foot. This property was built in 1983. 2470 Pineapple Ave is a home located in Brevard County with nearby schools including Dr. W.J. Creel Elementary School, Lyndon B. Johnson Middle School, and Eau Gallie 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.

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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