NOT LISTED FOR SALE

3566 SE Cobia Way Stuart, FL 34997

Estimated Value: $219,000 - $274,000

2 Beds
2 Baths
944 Sq Ft
$264/Sq Ft Est. Value

Last Sold April 17, 2024

Last sale price $215,000 $228 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $1,757/month

19 Days on Market

About This Home

As of April 2024

FANTASTIC INVESTMENT OPPORTUNITY (ONE UNIT IN A QUADPLEX TOWNHOUSE BUILDING), $21,588. Yearly Income. (Room to increase, Long Term tenants have been Excellent) The Unit has 2 Bed 2 Bath plus Utility area. Tiled throughout for easy maintenance. Newer Roof and AC’s. Located in Cove Place, a great spot. Please do not disturb the tenants or walk the property. Must have an Appointment to view these units. Thank You for your interest.

Last Agent to Sell the Property

Ronald Schmidt

E-Xpress Properties RE Inc Brokerage Phone: 772-286-1668 License #655429 Listed on: 03/28/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,508

Year Built

  • Built in 1981

Lot Details

  • 1,394

HOA Fees

  • $300 Monthly HOA Fees

Home Design

  • 944 Sq Ft Home
  • Quadruplex
  • Concrete Siding
  • Block Exterior

Additional Features

  • 1,394 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

Overview

  • Association fees include management, common areas, insurance, legal/accounting, ground maintenance, maintenance structure, road maintenance

Pet Policy

  • Pet Restriction
  • Limit on the number of pets

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,508

Year Built

Built in 1981

Lot Details

0

HOA Fees

$300 per month

Listing Details

  • Directions: Federal Hwy North of Cove Rd East on Hydrangea St to property.
  • Lot Size Acres: 0.032
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Prop. Type: Residential Income
  • Subdivision Name: Cove Place
  • Year Built: 1981
  • Year Built Details: Resale
  • Ownership: Corporation
  • Attribution Contact: 772-286-1668
  • Special Features: None

Interior Features

  • Living Area: 944.0

Exterior Features

  • Construction Type: Block, Concrete
  • Disclosures: Owner Is Listing Agent
  • Pool Private: No
  • Property Condition: Resale
  • Waterfront: No

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 300.0
  • Association: Yes
  • Community Features: Non-Gated
  • Pets Allowed: Number Limit, Pet Restrictions, Yes
  • Senior Community: No

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Insurance, Legal/Accounting, Maintenance Grounds, Maintenance Structure, Road Maintenance

Lot Info

  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 1

Tax Info

  • Tax Annual Amount: 1508.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2024
Closed on
Apr 17, 2024
Sold by
Yellow Bonita Llc
Bought by
Galop Away Llc
Seller's Agent
Ronald Schmidt
E-Xpress Properties RE Inc
List Price
$229,900
Sold Price
$215,000
Premium/Discount to List
-$14,900
-6.48%
Views
48
Current Estimated Value
$248,885

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,885
Avg. Annual Appreciation
5.76%

Purchase Details

Closed on
Aug 30, 2010
Sold by
Bank Of America Na
Bought by
Yellow Bonita Llc

Purchase Details

Closed on
Feb 23, 2010
Sold by
Warren Mellonie
Bought by
Bank Of America Na

Purchase Details

Closed on
Apr 20, 2007
Sold by
Young Millionaires Group Inc
Bought by
Warren Mellonie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,950
Interest Rate
8.95%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Galop Away Llc $215,000 None Listed On Document
Yellow Bonita Llc $26,900 Attorney
Bank Of America Na -- Attorney
Warren Mellonie $141,000 Fast Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Warren Mellonie $133,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2024 04/17/24 Sold $215,000 -6.5% $228 / Sq Ft
03/28/2024 03/28/24 For Sale $229,900 -- $244 / Sq Ft
Source: Martin County REALTORS® of the Treasure Coast

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 $1,661 $172,340 $95,000 $77,340
2024 $1,508 $71,954 -- --
2023 $1,508 $65,413 $0 $0
2022 $1,367 $59,467 $0 $0
2021 $1,202 $54,061 $0 $0
2020 $1,110 $88,290 $38,000 $50,290
2019 $1,038 $82,570 $33,000 $49,570
2018 $877 $64,780 $18,000 $46,780
2017 $769 $59,530 $25,000 $34,530
2016 $701 $52,450 $18,000 $34,450
2015 $458 $44,930 $10,000 $34,930
2014 $458 $28,190 $10,000 $18,190
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2024

    Ronald Schmidt

    E-Xpress Properties RE Inc

    (772) 260-9519

    3 in this area

    10 Total Sales

    Ronald Schmidt
    Section Image
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Map

Source: Martin County REALTORS® of the Treasure Coast

MLS Number: M20044106

Martin County REALTORS® of the Treasure Coast

APN: 55-38-41-740-002-00040-1

Florida Martin County Stuart 34997

3566 SE Cobia Way, Stuart, FL

This home is located at 3566 SE Cobia Way, Stuart, FL 34997 since 28 March 2024 and is currently estimated at $248,885, approximately $263 per square foot. This property was built in 1981. 3566 SE Cobia Way is a home located in Martin County with nearby schools including Port Salerno Elementary School, Murray Middle School, and Martin County High School.

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.

Martin County REALTORS® of the Treasure Coast All listings featuring the MCRTC logo are provided by Martin County REALTORS® of the Treasure Coast, Inc. Multiple Listing Service. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Martin County REALTORS® of the Treasure Coast, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listing broker has attempted to offer accurate data, but buyers are advised to confirm all information.

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