NOT LISTED FOR SALE

Estimated Value: $747,000

1.87 Acres
$399,465 Price per Acre
81,457 Sq Ft Lot

Sale Details

Date Sold: August 9, 2019

Last sale price $310,000 $233 Per Sq Ft

Est. 141% increase in value since last sale

Current estimated payment $4,019 / mo

159 Days on Market

Highlights

  • 1.87 Acre Lot
  • No HOA
  • Views

About This Lot

As of August 2019

This 1.87 acre Zoned C1 with 2 boarding house properties located on the corner of East University Blvd in Melbourne is located in the Melbourne OPPORTUNITY ZONE.Lots of possibilities with this corner parcel with frontage on East University and Lipscomb .The 2 properties on site sold ''AS IS ''WITH VALUE IN THE LAND.Current uses under C1 ZONING is Veterinary facility*,Studio, art,Service, personal,Service, business,School, non-academic instruction,Retail,Restaurants*,Parking facilities as a principal use,Office/financial institutions,Nursing and convalescent homes*,House of worship *,Hotels, motels 2,Hospitals,Dwellings, two-family/duplex (see art. VI, section 1(K))*,Dwellings, single-family (see art. VI, section 1Assisted living facilities(K))*,Bed and breakfast,Child care facilities PARCEL 2 .18 AC included in sale.C-1 — Neighborhood Commercial District. The provisions of this district are intended to apply to an area adjacent to arterial and major collector streets and convenient to major residential areas. The types of uses permitted are intended to serve consumer needs. Lot sizes and other restrictions are intended to reduce conflicts with adjacent residential uses and to minimize the interruption of traffic along thoroughfares.

Co-Listed By

Natalie Ochse

Real Estate Expo Inc License #3112137

Real Estate Expo Inc

Last Buyer's Agent

Salesperson Non Member

Non-MLS Member License #SEF

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,315

Lot Details

  • 1.87 Acre Lot
  • Lot Dimensions are 250x321
  • South Facing Home
  • Additional Parcels
  • Property is zoned COMMERCIAL 1

Location

  • City Lot

Utilities

  • Phone Connected
  • Cable TV Available

Additional Features

  • Property Views

Community Details

  • No Home Owners Association
  • Melbourne Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2837100029

Property Details

Property Type

Land

Est. Annual Taxes

$1,315

Lot Details

1.87 Acres

Listing Details

  • Property Type: Commercial Land
  • Property Sub Type: Agriculture
  • Co List Office Mls Id: FLL500159
  • Co List Office Phone: 772-464-7007
  • Directions: US 1 TO EAST UNIVERSITY AND CORNER OF LIPSCOMB STREET
  • Horses: No
  • Lot Size Acres: 1.87
  • Lot Size: 250x321
  • New Construction: No
  • Road Frontage Type: City/County Maintained, Paved Road, Public Road
  • Road Surface Type: Paved Road, Paved
  • Structure Type: Unimproved Agri/Recreatn/Moblhome
  • Subdivision Name: melbourne
  • LastStatus: Active With Contract
  • CurrentPrice: 310000
  • ShowingTimeFlag: No
  • Special Features: None

Interior Features

  • Possible Use: Other Plan Use

Exterior Features

  • View: Other, Other Water View
  • Direction Faces: South
  • Lot Features: City Location, 1 To Less Than 2 Acre Lot, Curb, Sidewalk
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Utilities

  • Sewer: At Site, Public Sewer, Other, Public Sanitation, Sewer
  • Water Source: Public
  • Green Building Features: Sidewalk, Heavy Traffic, Light Traffic
  • Utilities: Cable Connected, Phone Connected, Sewer Connected, Water Connected, Cable Available, Phone Available, Sewer Available, Water Available

Condo/Co-op/Association

  • Amenities: None
  • Association: No
  • Community Features: None, Paved Road, Public Road

Lot Info

  • Parcel Number: 2837100029
  • Additional Parcels: Yes
  • Current Use: Unimproved Agr/Recreation/Mobile Home, Unimproved Business/Commercial, Unimproved Hotel/Motel, Unimproved Industrial/Mfg/Warehouse, Unimproved Multi Family (5+Units), Unimproved Single Family (5+ Lots), Other Usage
  • Development Status: Recorded Plat
  • Lot Size Sq Ft: 73616
  • Zoning: COMMERCIAL 1

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 1315

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2019
Closed on
Jul 16, 2019
Sold by
Bought by
Buyer's Agent
Salesperson Non Member
Non-MLS Member
List Price
$399,900
Sold Price
$310,000
Premium/Discount to List
-$89,900
-22.48%
Current Estimated Value
$747,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$437,000

Purchase Details

Closed on
Sep 19, 2003
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$310,000 Atlantic Coastal Land Ttl Co
-- --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/09/2019 08/09/19 Sold $310,000 -22.5% $233 / Sq Ft
07/10/2019 07/10/19 Pending -- -- --
02/01/2019 02/01/19 For Sale $399,900 -- $301 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $659 $76,050
2024 $589 $50,700
2023 $589 $43,210
2022 $506 $37,510 $0 $0
2021 $506 $37,510 $37,510 $0
2020 $382 $20,250 $20,250 $0
2019 $1,333 $57,080 $20,250 $36,830
2018 $1,316 $55,000 $0 $55,000
2017 $1,247 $50,000 $0 $50,000
2016 $1,220 $46,000 $0 $0
2015 $1,182 $43,000 $19,640 $23,360
2014 $1,098 $39,320 $16,850 $22,470
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: R10501761

MIAMI REALTORS® MLS

APN: 28-37-10-00-00029.0-0000.00

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