NOT LISTED FOR SALE

325 6th Ave Indialantic, FL 32903

Estimated Value: $587,000 - $708,000

-- Bed
2 Baths
1,540 Sq Ft
$421/Sq Ft Est. Value

Last Sold June 04, 2022

Last sale price $665,000 $432 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $4,097/month

6 Days on Market

Highlights

  • No HOA
  • 1-Story Property
  • Central Air
  • Indialantic Elementary School Rated A-

About This Home

As of June 2022

Once in a lifetime opportunity to own a turn-key, income producing duplex a few steps from the beach! Situated in the exclusive south of Fifth Ave district (SoFA), this property provides a great walkable location to many restaurants, shops and beaches. Close to downtown Melbourne and public boat ramps make it a desirable place to live and a breeze to rent. Many improvements include a new roof, impact windows, front doors and garage doors in 2021. New floors, new kitchen, new bathroom, partially updated plumbing, updated electrical, irrigation system, exterior paint, landscaping and more. Flexible duplex/commercial office zoning. Please do not disturb tenants. .

Last Agent to Sell the Property

Steven Koleno

Beycome of Florida LLC License #3469487 Listed on: 05/05/2022

Last Buyer's Agent

Donna Thompson

RE/MAX Aerospace Realty License #3242270

RE/MAX Aerospace Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,486

Year Built

  • Built in 1961

Lot Details

  • 9,583

Home Design

  • Duplex
  • Shingle Roof
  • Concrete Siding
  • Block Exterior

Interior Spaces

  • 1,540 Sq Ft Home
  • 1-Story Property

Schools

  • Indialantic Elementary School
  • Hoover Middle School
  • Melbourne High School

Additional Features

  • 9,583 Sq Ft Lot
  • Central Air

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 27-38-31-Eo-00016.0-0005.00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,486

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1961
  • Reso Property Sub Type: Duplex
  • ResoLotFeatures: Other
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: None
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Location Tax and Legal Parcel Number2: 27-38-31-Eo-00016.0-0005.00
  • Location Tax and Legal Elementary School: Indialantic
  • Location Tax and Legal Middle School2: Hoover
  • Location Tax and Legal High School: Melbourne
  • Location Tax and Legal Tax Annual Amount: 4485.91
  • Location Tax and Legal Tax Year2: 2021
  • General Property Information Living Area2: 1540.0
  • General Property Information Building Area Total3: 2160.0
  • General Property Information Lot Size Acres: 0.22
  • General Property Information Lot Size Square Feet2: 9583.0
  • General Property Information Waterfront YN: No
  • Cooling Central Air: Yes
  • Levels One: Yes
  • Roof:Shingle: Yes
  • General Property Information Carport YN2: No
  • General Property Information Number Of Units Total2: 2.0
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: None
  • ResoLivingAreaSource: Other
  • Appliances:None: Yes

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Acres: 0.22
  • Waterfront: No
  • Construction Type: Block, Concrete, Other
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Lot Features:Other21: Yes
  • Construction Materials:Other15: Yes

Garage/Parking

  • General Property Information:Garage YN: No

Utilities

  • Cooling: Central Air
  • Utilities: Other
  • Cooling Y N: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Hoover

Lot Info

  • Lot Size Sq Ft: 9583.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2731021
  • Parcel #: 27-38-31-Eo-00016.0-0005.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Other

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 4485.91

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Indialantic
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2022
Closed on
Jun 2, 2022
Sold by
Escobar and Luis
Bought by
Cornelison Family Trust
Seller's Agent
Steven Koleno
Beycome of Florida LLC
Buyer's Agent
Donna Thompson
RE/MAX Aerospace Realty
List Price
$664,700
Sold Price
$665,000
Premium/Discount to List
$300
0.05%
Current Estimated Value
$647,959

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$17,041
Avg. Annual Appreciation
-0.77%

Purchase Details

Closed on
Mar 13, 2020
Sold by
Ehlers Deborah J and Hughes Rebecca J
Bought by
Brown Mannain Tayler

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$358,388
Interest Rate
3.25%
Mortgage Type
FHA
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
Cornelison Family Trust $665,000 New Title Company Name
Brown Mannain Tayler $365,000 Alliance Title Ins Agcy Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brown Mannain Tayler $358,388
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/04/2022 06/04/22 Sold $665,000 0.0% $432 / Sq Ft
05/12/2022 05/12/22 Pending -- -- --
05/05/2022 05/05/22 For Sale $664,700 -- $432 / 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 $7,892 $446,160 -- --
2024 $7,660 $446,160 -- --
2023 $7,660 $429,000 $140,000 $289,000
2022 $4,709 $334,380 $0 $0
2021 $4,486 $284,030 $140,000 $144,030
2020 $5,076 $270,500 $140,000 $130,500
2019 $2,652 $169,330 $0 $0
2018 $2,546 $161,060 $0 $0
2017 $2,327 $148,890 $0 $0
2016 $2,209 $135,750 $0 $0
2015 $2,222 $131,870 $100,000 $31,870
2014 $2,122 $124,940 $90,000 $34,940
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 934071

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 27-38-31-EO-00016.0-0005.00