NOT LISTED FOR SALE

306 Audubon Dr Melbourne, FL 32901

Estimated Value: $424,000 - $541,000

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. 52% increase in value since last sale

Current estimated payment $2,612 / 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, sewer, trash collection, tax, 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
  • General Property Information Water Body Access YN2: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Tile, Wood
  • Appliances: Dishwasher, Microwave, Refrigerator

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Parking Features: Assigned
  • Total Parking Spaces: 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

Schools

  • Middle Or Junior School: Hoover

Lot Info

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

Rental Info

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

MLS Schools

  • Elementary School: Harbor City
  • High School: Melbourne

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
Nov 27, 2017
Closed on
Mar 12, 2018
Sold by
Bought by
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
$477,690

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,690
Avg. Annual Appreciation
5.16%

Purchase Details

Listed on
Jun 20, 2012
Closed on
Dec 11, 2012
Sold by
Bought by
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
Bought by

Purchase Details

Closed on
Dec 10, 2002
Sold by
Bought by

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
Bought by

Purchase Details

Closed on
Nov 6, 2000
Sold by
Bought by

Purchase Details

Closed on
Feb 27, 1998
Sold by
Bought by

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
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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

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
$305,000 Supreme Title Closing Llc
$71,000 Alliance Title Insurance Age
$185,000 Security First Title Partner
$48,100 --
$107,000 --
$81,000 --
$100,000 --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Previous Owner $26,000
Previous Owner $40,000
Previous Owner $85,000
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 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

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 $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

  • G

    Seller's Agent in 2018

    Grayling Oates

    Engel & Voelkers Melb Downtown

  • G

    Seller Co-Listing Agent in 2018

    Global Group

    Engel & Voelkers Melb Downtown

    Section Image
  • Garat Oates

    Buyer Co-Listing Agent in 2018

    Garat Oates

    Engel & Voelkers New Smyrna

    (321) 223-4878

    12 Total Sales

    Garat Oates
    Section Image
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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

Florida Brevard County Melbourne 32901

306 Audubon Dr, Melbourne, FL

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.

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