NOT LISTED FOR SALE

3612 Tree Ridge Ln NE Unit 3612, 3614, 3622, 36 Palm Bay, FL 32905

Port Malabar Neighborhood

Estimated Value: $492,000 - $602,000

-- Bed
3 Baths
3,480 Sq Ft
$156/Sq Ft Est. Value

Last Sold January 31, 2020

Last sale price $318,000 $91 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $3,547/month

70 Days on Market

Highlights

  • No HOA
  • Central Air
  • Wood Siding

About This Home

As of January 2020

This home is located at 3612 Tree Ridge Ln NE Unit 3612, 3614, 3622, 36, Palm Bay, FL 32905 since 31 January 2020 and is currently estimated at $543,294, approximately $156 per square foot. This property was built in 1984. 3612 Tree Ridge Ln NE Unit 3612, 3614, 3622, 36 is a home located in Brevard County with nearby schools including Riviera Elementary School, Stone Magnet Middle School, and Palm Bay Magnet Senior High School.

Last Agent to Sell the Property

Comp Agent

Non-MLS or Out of Area Listed on: 01/31/2020

Last Buyer's Agent

Lindsey Whitney

Keller Williams Realty Brevard

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,003

Year Built

  • Built in 1984

Lot Details

  • 0.43

Home Design

  • Quadruplex
  • Frame Construction
  • Wood Siding

Interior Spaces

  • 3,480 Sq Ft Home
  • 2-Story Property

Schools

  • Riviera Elementary School
  • Stone Middle School
  • Palm Bay High School

Additional Features

  • 0.43 Acre Lot
  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 28-37-28-01-0000a.0-0004.00

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $25,654
  • Gross Income $53,492
  • Net Operating Income $27,839

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,003

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1984
  • Reso Property Sub Type: Quadruplex
  • ResoLotFeatures: Other
  • ResoSpecialListingConditions: Standard
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Location Tax and Legal Parcel Number2: 28-37-28-01-0000a.0-0004.00
  • Location Tax and Legal Elementary School: Riviera
  • Location Tax and Legal Middle School2: Stone
  • Location Tax and Legal High School: Palm Bay
  • Location Tax and Legal Tax Year2: 2019
  • General Property Information Living Area2: 3480.0
  • General Property Information Building Area Total3: 3480.0
  • General Property Information Lot Size Acres: 0.43
  • General Property Information Lot Size Square Feet2: 18731.0
  • General Property Information Waterfront YN: No
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Levels Two: Yes
  • General Property Information Carport YN2: No
  • General Property Information Number Of Units Total2: 4.0
  • Gross Scheduled Income: 53492.48
  • Income And Expenses Operating Expense: 25653.64
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: Other
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Pool Features: None, Other
  • Roof: Other
  • Acres: 0.43
  • Waterfront: No
  • Construction Type: Frame, Wood Siding, Other
  • Construction Materials:Frame: Yes
  • Construction Materials:Wood Siding: Yes
  • Lot Features:Other21: Yes
  • Construction Materials:Other15: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Other
  • General Property Information:Garage YN: No
  • Parking Features:Other26: Yes

Utilities

  • Cooling: Central Air, Electric
  • 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: Stone

Lot Info

  • Lot Size Sq Ft: 18731.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2836679
  • Parcel #: 28-37-28-01-0000a.0-0004.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Other

Tax Info

  • Tax Year: 2019

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 25653.64
  • Income And Expenses Net Operating Income: 27838.84

MLS Schools

  • Elementary School: Riviera
  • High School: Palm Bay

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 11, 2022
Sold by
Yannette Daniel
Bought by
Broderick John D
Current Estimated Value
$543,294

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,400
Outstanding Balance
$499,422
Interest Rate
5.66%
Mortgage Type
FHA
Estimated Equity
$43,872

Purchase Details

Listed on
Jan 31, 2020
Closed on
Jan 28, 2020
Sold by
Tree Ridge Lane Apartments Llc
Bought by
Yannette Daniel and Dumas Bruce
Seller's Agent
Comp Agent
Non-MLS or Out of Area
Buyer's Agent
Lindsey Whitney
Keller Williams Realty Brevard
List Price
$330,000
Sold Price
$318,000
Premium/Discount to List
-$12,000
-3.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.85%
Original Mortgage
$238,500
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 8, 2015
Sold by
Timberlake Stephan Lisa A and Stephan Donald P
Bought by
Top Notch Lawn Care Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 16, 2004
Sold by
Mccusker Patricia S
Bought by
Stephan Donald P and Timberlake Stephan Lisa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage
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
Broderick John D $530,000 Prestige Title
Yannette Daniel $318,000 Bella Title & Escrow Inc
Top Notch Lawn Care Inc $135,000 Sunbelt Title Agency
Stephan Donald P $162,000 Alday Donalson Title Agencie
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Broderick John D $520,400
Previous Owner Yannette Daniel $238,500
Previous Owner Top Notch Lawn Care Inc $100,000
Previous Owner Stephan Donald P $121,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2020 01/31/20 Sold $318,000 -3.6% $91 / Sq Ft
01/31/2020 01/31/20 Pending -- -- --
11/22/2019 11/22/19 For Sale $330,000 -- $95 / 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 $8,003 $436,800 -- --
2024 $7,281 $436,800 -- --
2023 $7,281 $380,160 $0 $0
2022 $4,745 $288,000 $0 $0
2021 $4,238 $201,930 $27,200 $174,730
2020 $3,396 $195,960 $27,200 $168,760
2019 $3,140 $131,670 $27,200 $104,470
2018 $2,994 $125,000 $0 $125,000
2015 $1,768 $70,000 $26,000 $44,000
2014 -- $105,000 $26,000 $79,000
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    Comp Agent

    Non-MLS or Out of Area

  • L

    Buyer's Agent in 2020

    Lindsey Whitney

    Keller Williams Realty Brevard

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Map

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

MLS Number: 866781

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-37-28-01-0000A.0-0004.00

Florida Brevard County Palm Bay 32905 Port Malabar

3612 Tree Ridge Ln NE Unit 3612, 3614, 3622, 36, Palm Bay, FL

This home is located at 3612 Tree Ridge Ln NE Unit 3612, 3614, 3622, 36, Palm Bay, FL 32905 since 31 January 2020 and is currently estimated at $543,294, approximately $156 per square foot. This property was built in 1984. 3612 Tree Ridge Ln NE Unit 3612, 3614, 3622, 36 is a home located in Brevard County with nearby schools including Riviera Elementary School, Stone Magnet Middle School, and Palm Bay Magnet Senior 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.

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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