NOT LISTED FOR SALE

2575 Doreatha Fields Ave NE Palm Bay, FL 32905

Bayfront Village Neighborhood

Estimated Value: $238,000

-- Bed
-- Bath
11,734 Sq Ft
$20/Sq Ft Est. Value

Last Sold December 11, 2022

Last sale price $2,750,000 $234 Per Sq Ft

Current estimated payment $1,847/month

104 Days on Market

Highlights

  • 3.41 Acre Lot
  • Central Air
  • Wood Siding
  • No HOA
  • Concrete Flooring

About This Home

As of December 2022

Excellent opportunity to purchase a single-tenant income producing industrial property in the heart of Palm Bay!! Republic Services has a 10-Year Agreement with City of Palm Bay Commencing 6/1/20. Long Term NNN Lease with Escalators Every 2-Years. Estimated 2022 NOI is $179,220 which is approximately a 6% CAP. There are two buildings for a total of 11,734 SF. Exterior is approximately 3.41 acres of paved/fenced/cleared yard. New roofs on both buildings in 2020 (Techgum Deck Fastened to Trusses). Flexible City of Palm Bay Light Industrial Zoning allows Warehousing, Light Manufacturing, Outdoor Storage & More! Close proximity to US1, Palm Bay Road & Interstate 95. The Melbourne International Airport is approximately 15-minutes away.

Last Agent to Sell the Property

Zachary Ullian

The Ullian Realty Corporation License #3445627 Listed on: 05/06/2022

Co-Listed By

Michael Ullian

The Ullian Realty Corporation License #3046504

Last Buyer's Agent

Michael Ullian

The Ullian Realty Corporation License #3046504

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,973

Year Built

  • Built in 1974

Lot Details

  • 3.41

Home Design

  • 11,734 Sq Ft Home
  • Frame Construction
  • Wood Siding
  • Concrete Siding
  • Block Exterior
  • Stucco

Flooring

  • Concrete
  • Vinyl

Schools

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

Additional Features

  • 3.41 Acre Lot
  • Central Air

Community Details

  • No Home Owners Association
  • Net Operating Income $179,220

Listing and Financial Details

  • Assessor Parcel Number 28-37-14-00-00019.0-0000.00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,973

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1974
  • Reso Property Sub Type: Multi Family
  • Road Surface Type: Paved
  • Co List Office Mls Id: 03880
  • Co List Office Phone: 321-729-9900
  • ResoSpecialListingConditions: Standard
  • Carport Y N: No
  • Garage Yn: No
  • Location Tax and Legal Parcel Number2: 28-37-14-00-00019.0-0000.00
  • Location Tax and Legal Elementary School: Palm Bay Elem
  • Location Tax and Legal Middle School2: Stone
  • Location Tax and Legal High School: Palm Bay
  • Location Tax and Legal Tax Annual Amount: 6973.28
  • Location Tax and Legal Tax Year2: 2021
  • General Property Information Living Area2: 11734.0
  • General Property Information Building Area Total3: 11734.0
  • General Property Information Lot Size Acres: 3.41
  • General Property Information Lot Size Square Feet2: 148540.0
  • General Property Information Waterfront YN: No
  • Cooling Central Air: Yes
  • Utilities Electricity Connected: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • Flooring Concrete: Yes
  • Flooring Vinyl: Yes
  • General Property Information Number Of Units Total2: 1.0
  • Utilities Sewer Connected: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete, Vinyl
  • Appliances: None
  • ResoLivingAreaSource: PublicRecords
  • Appliances:None: Yes

Exterior Features

  • Pool Features: None
  • Roof: Other
  • Acres: 3.41
  • Waterfront: No
  • Construction Type: Block, Concrete, Frame, Stucco, Wood Siding
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Construction Materials:Frame: Yes
  • Construction Materials:Wood Siding: Yes

Garage/Parking

  • General Property Information:Garage YN: No

Utilities

  • Cooling: Central Air
  • Utilities: Electricity Connected, 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: Stone

Lot Info

  • Lot Size Sq Ft: 148540.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2857737
  • Parcel #: 28-37-14-00-00019.0-0000.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Other

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 6973.28

Multi Family

  • Number Of Units Total: 1
  • Income And Expenses Net Operating Income: 179220.0

MLS Schools

  • Elementary School: Palm Bay Elem
  • High School: Palm Bay

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2022
Closed on
Dec 6, 2022
Sold by
Ocean Blue 3 Llc
Bought by
Dfa Brevard Management Llc
Seller's Agent
Zachary Ullian
The Ullian Realty Corporation
Buyer's Agent
Michael Ullian
The Ullian Realty Corporation
List Price
$2,987,000
Sold Price
$2,750,000
Premium/Discount to List
-$237,000
-7.93%
Views
5
Current Estimated Value
$238,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,512,000
Original Mortgage
$1,375,000
Outstanding Balance
$1,334,713
Interest Rate
7.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 2017
Sold by
Pbdf Llc
Bought by
Ocean Blue 3 Llc

Purchase Details

Closed on
Dec 20, 2016
Sold by
Diamond Community School Inc
Bought by
Pbdf Llc

Purchase Details

Closed on
Jan 15, 1999
Sold by
Hillman Tatnall L
Bought by
Diamond Com School Inc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Dfa Brevard Management Llc $2,750,000 --
Dfa Brevard Management Llc $2,750,000 None Listed On Document
Dfa Brevard Management Llc $2,750,000 --
Dfa Brevard Management Llc $2,750,000 None Listed On Document
Ocean Blue 3 Llc $300,000 Attorney
Ocean Blue 3 Llc $300,000 Attorney
Pbdf Llc $135,000 Attorney
Pbdf Llc $135,000 Attorney
Diamond Com School Inc -- --
Diamond Com School Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dfa Brevard Management Llc $1,375,000
Closed Dfa Brevard Management Llc $1,375,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2022 12/11/22 Sold $2,750,000 -7.9% $234 / Sq Ft
08/19/2022 08/19/22 Pending -- -- --
05/06/2022 05/06/22 For Sale $2,987,000 -- $255 / 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 $7,080 $465,000 -- --
2024 $7,099 $314,980 -- --
2023 $7,099 $315,040 $245,440 $69,600
2022 $7,019 $312,220 $0 $0
2021 $6,973 $295,440 $245,440 $50,000
2020 $6,954 $295,440 $245,440 $50,000
2019 $8,271 $295,440 $245,440 $50,000
2018 $8,330 $295,440 $245,440 $50,000
2017 $26,957 $1,178,440 $223,130 $955,310
2016 $2,188 $753,400 $223,130 $530,270
2015 $2,188 $653,360 $178,500 $474,860
2014 $2,188 $653,360 $178,500 $474,860
Source: Public Records

Agents Affiliated with this Home

  • Zachary Ullian

    Seller's Agent in 2022

    Zachary Ullian

    The Ullian Realty Corporation

    (321) 750-3439

    13 in this area

    79 Total Sales

    Zachary Ullian
    Section Image
  • Michael Ullian

    Seller Co-Listing Agent in 2022

    Michael Ullian

    The Ullian Realty Corporation

    (321) 729-9900

    8 in this area

    22 Total Sales

    Michael Ullian
    Section Image
See All Agents

Map

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

MLS Number: 934186

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-37-14-00-00019.0-0000.00

Florida Brevard County Palm Bay 32905 Bayfront Village

2575 Doreatha Fields Ave NE, Palm Bay, FL

This home is located at 2575 Doreatha Fields Ave NE, Palm Bay, FL 32905 since 06 May 2022 and is currently priced at $238,000, approximately $20 per square foot. This property was built in 1974. 2575 Doreatha Fields Ave NE is a home located in Brevard County with nearby schools including Palm Bay Elementary School, Stone Magnet Middle School, and Palm Bay Magnet Senior 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.

Nearby Homes