NOT LISTED FOR SALE

306 Audubon Dr Melbourne, FL 32901

Estimated Value: $426,000 - $516,000

6 Beds
2 Baths
2,854 Sq Ft
$167/Sq Ft Est. Value

Sale Details

Date Sold: March 12, 2018

Last sale price $315,000 $110 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $2,535 / mo

90 Days on Market

Highlights

  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Maintained Community
  • No HOA
  • Wood Siding

About This Home

As of March 2018

Better Act Fast! Mediterranean style, Income producing 5 - Plex w/River views! All units have been renovated and are fully leased to annual tenants. Property includes (1) 3/1, (1) 2/1 and (3) 1/1 plus a coin operated laundry room and 5 dedicated parking spaces or 10 double parked. Call today to make an appointment for Showing. ALL interested parties MUST show Proof of Funds or Strong Pre- Approval prior to showing. Please do not bother the tenants or walk on the property prior to showing. Proof of funds/financing to accompany any showing request. More photos to come.

Last Agent to Sell the Property

Grayling Oates

Engel & Voelkers Melb Downtown Listed on: 11/27/2017

Co-Listed By

Global Group

Engel & Voelkers Melb Downtown

Engel & Voelkers Melb Downtown

Last Buyer's Agent

Global Group

Engel & Voelkers Melb Downtown

Engel & Voelkers Melb Downtown

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,345

Year Built

  • Built in 1925

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 129 x 68

Home Design

  • Frame Construction
  • Membrane Roofing
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,854 Sq Ft Home
  • 2-Story Property

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Assigned Parking

Schools

  • Harbor City Elementary School
  • Hoover Middle School
  • Melbourne High School

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • The owner pays for electricity, exterior maintenance, grounds care, management, tax, sewer, trash collection, water
  • Assessor Parcel Number 273727500000j0001200

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • Indian River Bluff Subdivision
  • Maintained Community

Building Details

  • Operating Expense $10,200
  • Gross Income $2,100
  • Net Operating Income $35,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,345

Year Built

Built in 1925

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Year Built: 1925
  • Reso Property Sub Type: Multi Family
  • Road Surface Type: Paved
  • Reso Association Amenities: Management - Off Site
  • Co List Office Mls Id: 0303280
  • Co List Office Phone: 321-254-5275
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Indian River Bluff
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Location Tax and Legal Parcel Number2: 273727500000j0001200
  • Location Tax and Legal Elementary School: Harbor City
  • Location Tax and Legal Middle School2: Hoover
  • Location Tax and Legal High School: Melbourne
  • Location Tax and Legal Tax Annual Amount: 2345.44
  • Location Tax and Legal Tax Year2: 2012
  • General Property Information Living Area2: 2854.0
  • General Property Information Building Area Total3: 2854.0
  • General Property Information Lot Size Acres: 0.2
  • General Property Information Lot Size Square Feet2: 8712.0
  • General Property Information Waterfront YN: No
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Flooring Tile: Yes
  • Flooring Wood: Yes
  • Utilities Electricity Connected: Yes
  • Flooring Carpet: Yes
  • Levels Two: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • General Property Information Lot Size Dimensions: 129 x 68
  • General Property Information Number Of Units Total2: 5.0
  • Gross Scheduled Income: 43800.0
  • Income And Expenses Operating Expense: 10200.0
  • Cooling WallWindow Unit(s): Yes
  • Utilities Sewer Connected: Yes
  • Owner Pays:Sewer2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Tile, Wood
  • Appliances: Dishwasher, Microwave, Refrigerator
  • ResoLivingAreaSource: PublicRecords
  • Appliances Dishwasher: Yes

Exterior Features

  • Pool Features: None
  • Roof: Membrane
  • Acres: 0.2
  • Waterfront: No
  • Construction Type: Frame, Stucco, Wood Siding
  • Construction Materials:Stucco: Yes
  • Construction Materials:Frame: Yes
  • Construction Materials:Wood Siding: Yes
  • ConstructionSiding:Roof Membrane: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Assigned
  • Total Parking Spaces: 5.0
  • General Property Information:Garage YN: No
  • Parking Features:Assigned: Yes
  • General Property Information:Parking Total: 5.0
  • General Property Information:Open Parking Spaces2: 5.0

Utilities

  • Cooling: Wall/Window Unit(s)
  • 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: Hoover

Lot Info

  • Lot Dimensions: 129 x 68
  • Lot Size Sq Ft: 8712.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 273727500000j0001200
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Electricity, Exterior Maintenance, Grounds Care, Management, Other Tax, Sewer, Trash Collection, Water

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 2345.44

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 2100.0
  • Annual Operating Expense: 10200.0
  • Income And Expenses Net Operating Income: 35700.0

MLS Schools

  • Elementary School: Harbor City
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2017
Closed on
Mar 12, 2018
Sold by
Audubon Gardens Llc
Bought by
Brevard Rescue Mission Inc
Seller's Agent
Grayling Oates
Engel & Voelkers Melb Downtown
Buyer's Agent
Global Group
Engel & Voelkers Melb Downtown
List Price
$329,900
Sold Price
$315,000
Premium/Discount to List
-$14,900
-4.52%
Current Estimated Value
$475,504

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$160,504
Avg. Annual Appreciation
5.22%

Purchase Details

Listed on
Jun 20, 2012
Closed on
Dec 11, 2012
Sold by
Edlynn International Inc
Bought by
Audubon Gardens Llc
Seller's Agent
Grayling Oates
Engel & Voelkers Melb Downtown
Buyer's Agent
Garat Oates
Engel & Voelkers New Smyrna
List Price
$94,000
Sold Price
$71,000
Premium/Discount to List
-$23,000
-24.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.82%
Original Mortgage
$26,000
Interest Rate
8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 14, 2004
Sold by
Audette Robert
Bought by
Edlynn International Inc

Purchase Details

Closed on
Dec 10, 2002
Sold by
Audette Melody and Audette Melody L
Bought by
Audette Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
5.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 2000
Sold by
Cohen Leon L
Bought by
Audette Robert A and Audette Melody

Purchase Details

Closed on
Nov 6, 2000
Sold by
Tessman David H and Tessman Katherine E
Bought by
Cohen Leon L

Purchase Details

Closed on
Feb 27, 1998
Sold by
Werner Kurt and Werner Lydia
Bought by
Tessman David H and Tessman Katherine E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Brevard Rescue Mission Inc $305,000 Supreme Title Closing Llc
Audubon Gardens Llc $71,000 Alliance Title Insurance Age
Edlynn International Inc $185,000 Security First Title Partner
Audette Robert $48,100 --
Audette Robert A $107,000 --
Cohen Leon L $81,000 --
Tessman David H $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Audubon Gardens Llc $26,000
Previous Owner Audette Robert $40,000
Previous Owner Tessman David H $85,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/12/2018 03/12/18 Sold $315,000 -4.5% $110 / Sq Ft
02/02/2018 02/02/18 Pending -- -- --
11/03/2017 11/03/17 For Sale $329,900 +364.6% $116 / Sq Ft
12/11/2012 12/11/12 Sold $71,000 -24.5% $25 / Sq Ft View Prior Sale
11/16/2012 11/16/12 Pending -- -- --
06/18/2012 06/18/12 For Sale $94,000 -- $33 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

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 $380 $378,000 -- --
2024 $362 $378,000 -- --
2023 $362 $378,000 $0 $0
2022 $341 $321,480 $0 $0
2021 $315 $220,680 $40,000 $180,680
2020 $315 $210,070 $40,000 $170,070
2019 $316 $200,070 $40,000 $160,070
2018 $2,457 $115,000 $0 $115,000
2017 $2,327 $106,000 $0 $106,000
2016 $2,253 $97,000 $0 $0
2015 $2,105 $82,440 $16,000 $66,440
2014 $1,831 $71,000 $16,000 $55,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

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

MLS Number: 797418

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 27-37-27-50-0000J.0-0012.00

Your Personal Tour Guide

Ask me questions while you tour the home.