NOT LISTED FOR SALE

318 Princeton Ave Melbourne, FL 32901

Estimated Value: $242,000 - $284,322

3 Beds
2 Baths
1,296 Sq Ft
$203/Sq Ft Est. Value

Last Sold January 18, 2018

Last sale price $170,000 $131 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $1,536/month

23 Days on Market

Highlights

  • RV Access or Parking
  • Open Floorplan
  • No HOA
  • Melbourne Senior High School Rated A-
  • Corner Lot
  • Cooling Available

About This Home

As of January 2018

Strong offer in place. Desired location, a few blocks from Florida Institute of Tech. Corner lot, large back yard with storage shed and room to park a small boat on side of home. 3 bedroom 2 bath with Florida room. Home has been taken down to studs and will need interior renovations and some exterior stucco repairs. Roof replaced in 2016. Great investment property!

Last Agent to Sell the Property

Marlena Wassel

Real Estate Solutions Brevard License #3247024 Listed on: 11/17/2017

Last Buyer's Agent

Marlena Wassel

Real Estate Solutions Brevard License #3247024 Listed on: 11/17/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,597

Year Built

  • Built in 1958

Lot Details

  • 9,148 Sq Ft Lot
  • South Facing Home
  • Wood Fence
  • Corner Lot

Parking

  • 2 Car Garage
  • RV Access or Parking

Home Design

  • Shingle Roof
  • Concrete Siding
  • Stucco

Interior Spaces

  • 1,296 Sq Ft Home
  • 1-Story Property
  • Open Floorplan

Kitchen

  • Gas Range
  • Microwave

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • University Park Elementary School
  • Stone Middle School
  • Melbourne High School

Utilities

  • Cooling Available
  • Heating Available
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • University Park Sec B Subdivision

Listing and Financial Details

  • Assessor Parcel Number 28-37-09-75-0000n.0-0018.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,597

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1958
  • Reso Property Sub Type: Single Family Residence
  • ResoLotFeatures: Corner Lot
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: University Park Sec B
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 28-37-09-75-0000n.0-0018.00
  • Location Tax and Legal Elementary School: University Park
  • Location Tax and Legal Middle School2: Stone
  • Location Tax and Legal High School: Melbourne
  • Location Tax and Legal Tax Annual Amount: 1596.95
  • Location Tax and Legal Tax Year2: 2017
  • General Property Information Living Area2: 1296.0
  • General Property Information Building Area Total3: 1296.0
  • General Property Information Lot Size Acres: 0.21
  • General Property Information Lot Size Square Feet2: 9148.0
  • General Property Information New Construction YN: No
  • General Property Information Waterfront YN: No
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: South
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling:Electric: Yes
  • Fencing Fenced2: Yes
  • Fencing Wood2: Yes
  • Flooring Tile: Yes
  • Levels One: Yes
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Electricity Connected: Yes
  • Flooring Carpet: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • Utilities Natural Gas Connected: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Open Floorplan
  • Flooring: Carpet, Tile
  • Appliances: Gas Range, Gas Water Heater, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • ResoLivingAreaSource: Other
  • Appliances:Gas Range: Yes
  • Interior Features:Open Floorplan: Yes
  • Appliances:Gas Water Heater: Yes

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Fencing: Fenced, Wood
  • Acres: 0.21
  • Waterfront: No
  • Construction Type: Concrete, Stucco
  • Direction Faces: South
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Lot Features:Corner Lot: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: RV Access/Parking
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:RV AccessParking: Yes

Utilities

  • Cooling: Electric
  • Utilities: Electricity Connected, Natural Gas Connected, Water Available
  • Heating: Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Stone

Lot Info

  • Lot Size Sq Ft: 9148.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2823702
  • Parcel #: 28-37-09-75-0000n.0-0018.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 1596.95

MLS Schools

  • Elementary School: University Park
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2017
Closed on
Jan 18, 2018
Sold by
Agostino David J D
Bought by
Oathout Margert Jane
Seller's Agent
Marlena Wassel
Real Estate Solutions Brevard
Buyer's Agent
Marlena Wassel
Real Estate Solutions Brevard
List Price
$174,900
Sold Price
$170,000
Premium/Discount to List
-$4,900
-2.8%
Current Estimated Value
$263,331

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,331
Avg. Annual Appreciation
5.79%
Original Mortgage
$170,000
Outstanding Balance
$143,423
Interest Rate
3.93%
Estimated Equity
$119,908

Purchase Details

Listed on
Jul 21, 2017
Closed on
Oct 2, 2017
Sold by
Goly John C and Goly John C
Bought by
Agostino David J D
Seller's Agent
Natalie Carter
Coldwell Banker Realty
Buyer's Agent
Marlena Wassel
Real Estate Solutions Brevard
List Price
$95,000
Sold Price
$88,000
Premium/Discount to List
-$7,000
-7.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
635.47%

Purchase Details

Listed on
Jul 21, 2017
Closed on
Sep 19, 2017
Sold by
Fannie Mae
Bought by
Agostino David J D and Goly John C
Seller's Agent
Natalie Carter
Coldwell Banker Realty
Buyer's Agent
Marlena Wassel
Real Estate Solutions Brevard
List Price
$95,000
Sold Price
$88,000
Premium/Discount to List
-$7,000
-7.37%

Purchase Details

Closed on
Nov 6, 2016
Sold by
Vankramer Roger L
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 20, 2015
Sold by
Discovery Resort Inc
Bought by
Harwell Heather and Wilcher Leeann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,545
Interest Rate
4.09%

Purchase Details

Closed on
Apr 4, 2003
Sold by
Smith Glenn R and Smith Tina Marie
Bought by
Vankramer Roger L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,500
Interest Rate
5.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 4, 1996
Sold by
Smith Glenn R
Bought by
Smith George Reginal and Smith Genevieve Frances
Source: Public Records

Range of Values:

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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
Oathout Margert Jane $170,000 Prestige Title Of Brevard Ll
Agostino David J D $45,000 Attorney
Agostino David J D $88,000 Reo Title Co Of Florida Llc
Federal National Mortgage Association -- None Available
Harwell Heather $3,000 Fidelity Natl Title
Vankramer Roger L $70,000 --
Smith George Reginal $13,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oathout Margert Jane $170,000
Previous Owner Harwell Heather $2,545
Previous Owner Vankramer Roger L $66,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/23/2023 12/23/23 Off Market $88,000 -- --
01/18/2018 01/18/18 Sold $170,000 -1.7% $131 / Sq Ft
12/11/2017 12/11/17 Pending -- -- --
11/29/2017 11/29/17 Price Changed $172,900 -1.1% $133 / Sq Ft
11/17/2017 11/17/17 For Sale $174,900 +98.8% $135 / Sq Ft
09/19/2017 09/19/17 Sold $88,000 +3.5% $98 / Sq Ft View Prior Sale
08/24/2017 08/24/17 Pending -- -- --
08/21/2017 08/21/17 Price Changed $85,000 -10.5% $94 / Sq Ft
07/21/2017 07/21/17 For Sale $95,000 -- $106 / 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 $1,862 $151,500 -- --
2024 $1,805 $147,240 -- --
2023 $1,805 $142,960 $0 $0
2022 $1,677 $138,800 $0 $0
2021 $1,684 $134,760 $0 $0
2020 $1,661 $132,900 $45,000 $87,900
2019 $1,693 $131,510 $45,000 $86,510
2018 $1,851 $91,060 $40,000 $51,060
2017 $1,597 $75,720 $35,000 $40,720
2015 $1,210 $56,360 $20,000 $36,360
2014 $488 $47,880 $15,000 $32,880
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 798553

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-37-09-75-0000N.0-0018.00