NOT LISTED FOR SALE

306 35th Ave Unit 1,7,9,12,18,17,8,8,2 Vero Beach, FL 32968

Estimated Value: $236,560 - $280,000

3 Beds
2 Baths
11,114 Sq Ft
$23/Sq Ft Est. Value

Last Sold May 05, 2016

Last sale price $600,000 $54 Per Sq Ft

Current estimated payment $1,572/month

31 Days on Market

Highlights

  • 1.58 Acre Lot
  • 1 Car Detached Garage
  • French Doors
  • Vero Beach High School Rated A-
  • Cooling Available
  • Tile Flooring

About This Home

As of May 2016

Portfolio sale of 9 properties in Various locations. Please see attached for maps, income and expenses of each of the properties. May drive by and see all the properties, offer must be accepted on all properties prior to view them. All have tenants in place. All Information supplied is deemed to be accurate, however is not guaranteed.

Last Agent to Sell the Property

Carl Sciara

Dale Sorensen Real Estate Inc. License #0704862 Listed on: 03/04/2016

Dale Sorensen Real Estate Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $956

Year Built

  • Built in 1984

Lot Details

  • 1.58 Acre Lot

Parking

  • 1 Car Detached Garage
  • 1 Carport Space
  • Assigned Parking

Home Design

  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 11,114 Sq Ft Home
  • 1-Story Property
  • French Doors

Flooring

  • Carpet
  • Tile

Laundry

  • Laundry in Garage
  • Washer and Dryer Hookup

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • 9 Separate Electric Meters
  • Operating Expense $31,135
  • Gross Income $103,405
  • Net Operating Income $72,269

Listing and Financial Details

  • Tenant pays for cable TV, electricity, grounds care, sewer, trash collection, water
  • The owner pays for common area maintenance, insurance, taxes
  • Tax Lot Ex. "A"
  • Assessor Parcel Number 33391500008000800001.0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$956

Year Built

Built in 1984

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 1.58
  • Lot Size: 68827
  • Subdivision Name: Other
  • Directions: Various locations see attached
  • Garage Yn: Yes
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 1984
  • Attribution Contact: 772-231-4712
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Residential
  • Owner Pays: Common Area Maintenance, Insurance, Taxes
  • Door Features: French Doors
  • Fireplace: No
  • Flooring: Carpet, Tile
  • Interior Amenities: French Door(s)/Atrium Door(s)
  • Living Area: 11114.0
  • Stories: 1

Exterior Features

  • Lot Features: 1-3 Acres
  • Pool Features: None
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Frame
  • Exterior Features: None
  • Roof: Shingle

Garage/Parking

  • Carport Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Assigned, Carport, Detached, Garage, One Space
  • Total Parking Spaces: 9.0

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup, In Garage, None
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Sewer: County Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None

Lot Info

  • Parcel #: 33391500008000800001.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cable TV, Electricity, Grounds Care, Sewer, Trash Collection, Water

Multi Family

  • Annual Gross Income: 103405.0
  • Property Net Operating Income: 72269.0
  • Annual Operating Expense: 31135.0
  • Number Of Separate Electric Meters: 9

Tax Info

  • Tax Annual Amount: 956.0
  • Tax Lot: Ex. "A"
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 20, 2021
Sold by
Nkw Protfolio Iii Llc
Bought by
Nkw Portfolio V Llc
Current Estimated Value
$260,140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,128,000
Outstanding Balance
$6,601,394
Interest Rate
3.01%
Mortgage Type
Commercial
Estimated Equity
-$6,341,975

Purchase Details

Listed on
Mar 4, 2016
Closed on
May 4, 2016
Sold by
Family Rentals Of Vero Llc
Bought by
Nkw Cl Llc
Seller's Agent
Carl Sciara
Dale Sorensen Real Estate Inc.
List Price
$757,000
Sold Price
$600,000
Premium/Discount to List
-$157,000
-20.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.53%

Purchase Details

Closed on
Jan 19, 2016
Sold by
Nkw Cl Llc
Bought by
Nkw Portfolio Iii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,895,000
Interest Rate
4.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 22, 2012
Sold by
Baer John F
Bought by
Family Rentals Of Vero Llc
Source: Public Records

Range of Values:

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Average Value
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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
Nkw Portfolio V Llc -- Os National Llc
Nkw Cl Llc $600,000 Oceanside Title & Escrow
Nkw Portfolio Iii Llc $53,600 Attorney
Family Rentals Of Vero Llc -- Oceanside Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nkw Portfolio Iii Llc $2,895,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2016 05/05/16 Sold $600,000 -20.7% $54 / Sq Ft
04/05/2016 04/05/16 Pending -- -- --
03/04/2016 03/04/16 For Sale $757,000 -- $68 / Sq Ft
Source: REALTORS® Association of Indian River County

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
2024 $2,310 $162,907 $33,554 $129,353
2023 $2,310 $147,608 $0 $0
2022 $2,051 $134,189 $25,810 $108,379
2021 $1,582 $107,349 $20,648 $86,701
2020 $1,445 $94,882 $16,002 $78,880
2019 $1,331 $82,051 $16,002 $66,049
2018 $1,192 $68,477 $12,647 $55,830
2017 $1,084 $60,966 $0 $0
2016 $1,034 $59,840 $0 $0
2015 $956 $50,430 $0 $0
2014 $860 $46,670 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTORS® Association of Indian River County

MLS Number: 167984

APN: 33-39-15-00008-0008-00001.0