NOT LISTED FOR SALE

2480 Malabar Rd Malabar, FL 32950

Estimated Value: $251,000 - $359,000

2 Beds
2 Baths
1,444 Sq Ft
$221/Sq Ft Est. Value

Last Sold June 13, 2024

Last sale price $300,000 $208 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,956/month

46 Days on Market

Highlights

  • Corner Lot
  • Covered Patio or Porch
  • 1 Car Detached Garage
  • No HOA
  • Separate Outdoor Workshop
  • Terrazzo Flooring

About This Home

As of June 2024

Welcome to 2480 Malabar Road, a property brimming with potential in the charming town of Malabar, Florida. This home offers a cozy and comfortable living space with two bedrooms and two bathrooms, providing a perfect retreat for those seeking a peaceful lifestyle. As you approach the property, you'll notice the unique feature of a 536 square foot two-car garage that has been partially converted into additional living space. The concrete has been raised to the home's main level, maximizing the usable area and offering flexibility for customization. Situated on over an acre of land with frontage on Malabar Road, the property enjoys excellent visibility and accessibility. potential of this property is sure to catch your attention. The home features a covered patio in the back, perfect for enjoying the Florida sunshine or hosting outdoor gatherings. In addition to the converted garage, there is a detached garage and workshop, providing ample space for storage, hobbies, or projects. Several updates have been made throughout the property to enhance its functionality and efficiency. The air conditioning system was replaced in 2017, ensuring a comfortable indoor climate, while the 2021 tankless Rheem hot water heater offers convenience and energy savings. The water treatment system has also been replaced, ensuring the water quality meets your standards. The pantry has been converted into a large utility/laundry room, adding practicality and convenience to everyday chores. New exterior lighting has been installed in the patio and rear of the home, increasing safety and enhancing the aesthetic appeal. Additionally, new gutters and fascia have been added, providing protection from the elements. For those who prioritize sustainability, there are six rain barrels, allowing you to collect and utilize rainwater for irrigation. With no HOA restrictions, you have the freedom to personalize and make this property your own. While the home does require some tender loving care, it is priced accordingly, presenting an excellent opportunity for the discerning buyer who is not afraid to roll up their sleeves and bring their vision to life. In summary, 2480 Malabar Road offers an expansive lot with commercial potential, a partially converted garage for additional living space, and a host of updates that add value and convenience. This property presents endless possibilities and the chance to create a space tailored to your unique needs and aspirations. Don't miss out on this rare opportunity in Malabar, Florida!

Last Agent to Sell the Property

Crystal Canina

EXP Realty LLC Listed on: 02/17/2024

Last Buyer's Agent

Amy Jupin

LPT Realty, LLC License #3222549

LPT Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,884

Year Built

  • Built in 1964 | Under Construction

Lot Details

  • 1.11 Acre Lot
  • Southwest Facing Home
  • Back Yard Fenced
  • Chain Link Fence
  • Corner Lot

Parking

  • 1 Car Detached Garage
  • Guest Parking

Home Design

  • Fixer Upper
  • Shingle Roof
  • Block Exterior
  • Asphalt
  • Stucco

Interior Spaces

  • 1,444 Sq Ft Home
  • 1-Story Property
  • Laundry on lower level

Kitchen

  • Electric Oven
  • Microwave
  • Dishwasher

Flooring

  • Concrete
  • Terrazzo

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Covered Patio or Porch
  • Separate Outdoor Workshop

Schools

  • Port Malabar Elementary School
  • Stone Middle School
  • Palm Bay High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Propane
  • Well
  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Snedekers Subd Of Malabar Subdivision

Listing and Financial Details

  • Assessor Parcel Number 28-38-31-54-00003.0-0001.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,884

Year Built

Built in 1964 | Under Construction

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1964
  • Reso Property Sub Type: Single Family Residence
  • ResoLaundryFeatures: In Unit, Lower Level
  • ResoLotFeatures: Corner Lot
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • ResoSpecialListingConditions: Owner Licensed RE
  • Subdivision Name: Snedekers Subd of Malabar
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Reso Other Structures: Workshop
  • Reso Property Condition: Fixer, Under Construction
  • Location Tax and Legal Parcel Number2: 28-38-31-54-00003.0-0001.00
  • Location Tax and Legal Elementary School: Port Malabar
  • Location Tax and Legal Middle School2: Stone
  • Location Tax and Legal High School: Palm Bay
  • Location Tax and Legal Tax Annual Amount: 3884.43
  • Location Tax and Legal Tax Year2: 2022
  • General Property Information Living Area2: 1444.0
  • General Property Information Building Area Total3: 2304.0
  • General Property Information Lot Size Acres: 1.11
  • General Property Information Lot Size Square Feet2: 48352.0
  • General Property Information New Construction YN: No
  • General Property Information Waterfront YN: No
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: Southwest
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • General Property Information Community Fee(s) YN: No
  • Levels One: Yes
  • Road Surface Type Asphalt: Yes
  • Roof:Shingle: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • Water Source Well: Yes
  • Fencing Chain Link: Yes
  • Flooring Terrazzo: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • Other Structures Workshop: Yes
  • Utilities Propane3: Yes
  • Flooring Concrete: Yes
  • Property Condition Fixer: Yes
  • General Property Information Land Lease YN2: No
  • General Property Information CDD Fee YN: No
  • General Property Information Stories2: 1
  • Laundry Features Lower Level: Yes
  • Fencing Back Yard: Yes
  • Architectural Style Ranch: Yes
  • Property Condition Under Construction: Yes
  • Marketing Remarks:Marketing Remarks: Welcome to 2480 Malabar Road, a property brimming with potential in the charming town of Malabar, Florida. This home offers a cozy and comfortable living space with two bedrooms and two bathrooms, providing a perfect retreat for those seeking a peaceful lifestyle. As you approach the property, you'll notice the unique feature of a 536 square foot two-car garage that has been partially converted into additional living space. The concrete has been raised to the home's main level, maximizing the usable area and offering flexibility for customization. Situated on over an acre of land with frontage on Malabar Road, the property enjoys excellent visibility and accessibility.
  • General Property Information:Pool Private YN: No
  • General Property Information:Accessory Dwelling Unit YN: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Flooring: Concrete, Terrazzo
  • Appliances: Dishwasher, Electric Oven, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Stories: 1
  • Appliances Dishwasher: Yes
  • Appliances:Electric Oven: Yes
  • Laundry Features:In Unit: Yes

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Fencing: Back Yard, Chain Link
  • Acres: 1.11
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Block, Stucco
  • Direction Faces: Southwest
  • Patio And Porch Features: Covered
  • Construction Materials:Block2: Yes
  • Construction Materials:Stucco: Yes
  • Lot Features:Corner Lot: Yes
  • Patio And Porch Features:Covered2: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Detached, Guest
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 1.0
  • Parking Features:Guest: Yes
  • Parking Features:Detached: Yes

Utilities

  • Cooling: Central Air
  • Utilities: Cable Available, Electricity Connected, Water Available, Propane
  • Heating: Central, Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Well
  • Heating:Central: Yes
  • Sewer Septic Tank: Yes
  • Heating:Heat Pump: Yes

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

  • Current Use: Commercial, Residential, Single Family, Other
  • Land Lease: No
  • Lot Size Sq Ft: 48352.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 28-38-31-54-00003.0-0001.00

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3884.43

MLS Schools

  • Elementary School: Port Malabar
  • High School: Palm Bay

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2024
Closed on
Jun 13, 2024
Sold by
Tran Thao Thi Thu and Al-Sulaiti Mohammed Saleh
Bought by
Vitale Anthony J
Seller's Agent
Crystal Canina
EXP Realty LLC
Buyer's Agent
Amy Jupin
LPT Realty, LLC
List Price
$315,000
Sold Price
$300,000
Premium/Discount to List
-$15,000
-4.76%
Views
112
Current Estimated Value
$319,304

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,304
Avg. Annual Appreciation
3.90%
Original Mortgage
$274,725
Outstanding Balance
$271,351
Interest Rate
7.22%
Mortgage Type
FHA
Estimated Equity
$47,953

Purchase Details

Closed on
Jul 22, 2021
Sold by
Roulston James and Roulston Carol
Bought by
Tran Thao Thi Thu and Al Sulaiti Mohammed

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
2.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 3, 2014
Sold by
Roulston James
Bought by
Roulston Carol and Roulston James

Purchase Details

Closed on
Sep 10, 2002
Sold by
Marshall Melba C and Marshall Gerald P
Bought by
Roulston James K and Roulston Carol K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,006
Interest Rate
6.3%

Purchase Details

Closed on
Jan 23, 1998
Sold by
Marshall Melba C
Bought by
Marshall Melba C and Marshall Gerald P
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

Date Buyer Sale Price Title Company
Vitale Anthony J $300,000 Launch Title Llc
Tran Thao Thi Thu $300,000 First International Ttl Inc
Roulston Carol $300 None Available
Roulston James K $118,800 --
Marshall Melba C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vitale Anthony J $274,725
Previous Owner Tran Thao Thi Thu $285,000
Previous Owner Roulston James K $85,006
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/13/2024 06/13/24 Sold $300,000 -4.8% $208 / Sq Ft
04/04/2024 04/04/24 Pending -- -- --
02/17/2024 02/17/24 For Sale $315,000 -- $218 / 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 $3,570 $248,080 -- --
2024 $3,797 $261,600 -- --
2023 $3,797 $273,320 -- --
2022 $3,884 $288,950 $0 $0
2021 $1,156 $113,660 $0 $0
2020 $1,148 $112,100 $0 $0
2019 $1,120 $109,580 $0 $0
2018 $1,111 $107,540 $0 $0
2017 $1,114 $105,330 $0 $0
2016 $1,107 $103,170 $92,050 $11,120
2015 $1,134 $102,460 $72,670 $29,790
2014 $1,130 $101,650 $72,670 $28,980
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 1005300

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-38-31-54-00003.0-0001.00