$157,500
SOLD MAY 22, 2018
-- Bed
-- Bath
2,374 Sq Ft
0.25 Acres

Recently Sold

$66 Per Sq Ft

91% Below List Price

38 Days on Market

Highlights

  • No HOA
  • 1-Story Property
  • Wood Siding

About This Home

As of May 2018

Great Rental Investment with a Positive Cash Flow. Beautiful and Well Maintained, Duplex are Close To Everything. Also available and for sale is duplex next door 3800 and 3802 Lake Drive, . WHAT Great Opportunity For Investor, Fully Rented With Leases In Place Each Side Has Beautiful Wood Vaulted Callings With Indoor Laundry Room. Don’t Miss Out On This Great investment with a Positive income return.

Last Agent to Sell the Property

Ravea Roopan

Roopan Realty Inc License #3220438 Listed on: 02/09/2018

Co-Listed By

Nicholas Mountoulias

Roopan Realty Inc License #3126414

Last Buyer's Agent

Eyad Yusuf

RE/MAX Elite License #3374631

RE/MAX Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,438

Year Built

  • Built in 1984

Lot Details

  • 0.25 Acre Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2,374 Sq Ft Home
  • 1-Story Property
  • Electric Dryer Hookup

Schools

  • Saturn Elementary School
  • Cocoa Middle School
  • Cocoa High School

Listing and Financial Details

  • The owner pays for insurance, tax
  • Assessor Parcel Number 24-35-25-00-00556.0-0000.00

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $3,733
  • Gross Income $18,300
  • Net Operating Income $14,567

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,438

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1984
  • Reso Property Sub Type: Duplex
  • ResoLaundryFeatures: Electric Dryer Hookup
  • Co List Office Mls Id: 3533
  • Co List Office Phone: 321-345-4935
  • ResoSpecialListingConditions: Standard
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Location Tax and Legal Parcel Number2: 24-35-25-00-00556.0-0000.00
  • Location Tax and Legal Elementary School: Saturn
  • Location Tax and Legal Middle School2: Cocoa
  • Location Tax and Legal High School: Cocoa
  • Location Tax and Legal Tax Annual Amount: 2438.46
  • Location Tax and Legal Tax Year2: 2017
  • General Property Information Living Area2: 2374.0
  • General Property Information Building Area Total3: 2374.0
  • General Property Information Lot Size Acres: 0.25
  • General Property Information Lot Size Square Feet2: 10890.0
  • General Property Information Waterfront YN: No
  • Appliances Refrigerators: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Levels One: Yes
  • Roof:Shingle: Yes
  • General Property Information Carport YN2: No
  • General Property Information Number Of Units Total2: 2.0
  • Gross Scheduled Income: 18300.0
  • Income And Expenses Operating Expense: 3733.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Acres: 0.25
  • Waterfront: No
  • Construction Type: Frame, Wood Siding
  • Construction Materials:Frame: Yes
  • Construction Materials:Wood Siding: Yes
  • Construction Materials:Brick2: Yes

Garage/Parking

  • General Property Information:Garage YN: No

Utilities

  • Utilities: Other

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Cocoa

Lot Info

  • Lot Size Sq Ft: 10890.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2407614
  • Parcel #: 24-35-25-00-00556.0-0000.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Insurance, Other Tax, Other

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 2438.46

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 3733.0
  • Income And Expenses Net Operating Income: 14567.0

MLS Schools

  • Elementary School: Saturn
  • High School: Cocoa

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2019
Closed on
Apr 8, 2019
Sold by
Paz Jonathan N and Paz Anne M
Bought by
Vargas Daniel Manuel and Spivey Lindsey
Seller's Agent
Eyad Yusuf
RE/MAX Elite
Buyer's Agent
Eyad Yusuf
RE/MAX Elite
Sold Price
$1,050
Current Estimated Value
$296,086

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$295,036
Original Mortgage
$198,341
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 9, 2018
Closed on
May 19, 2018
Sold by
Paraig Moolchand and Paraig Haimwatie R
Bought by
Paz Anne M and Paz Jonathan N
Seller's Agent
Ravea Roopan
Roopan Realty Inc
Buyer's Agent
Eyad Yusuf
RE/MAX Elite
List Price
$1,749,000
Sold Price
$157,500
Premium/Discount to List
-$1,591,500
-90.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.03%
Original Mortgage
$118,125
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 9, 2018
Closed on
May 18, 2018
Sold by
Pariag Moolchiand and Pariag Haimwattie R
Bought by
Paz Johathan N and Paz Anne M
Seller's Agent
Ravea Roopan
Roopan Realty Inc
Buyer's Agent
Eyad Yusuf
RE/MAX Elite
List Price
$1,749,000
Sold Price
$157,500
Premium/Discount to List
-$1,591,500
-90.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,125
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2005
Sold by
Holcomb Charles M and Colby Barrett C
Bought by
Pariag Moolchand and Pariag Haimwattie R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,800
Interest Rate
5.61%
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 Type Sale Price Title Company
Warranty Deed $202,000 Title Solutions Of Fl Llc
Warranty Deed -- Landing Title Agency Inc
Warranty Deed $157,500 Landing Title Agency Inc
Warranty Deed $176,000 Security First Title Partner
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $207,061 FHA
Closed $198,341 FHA
Previous Owner $118,125 New Conventional
Previous Owner $140,800 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/11/2019 02/11/19 Rented $1,050 0.0% --
02/07/2019 02/07/19 Under Contract -- -- --
02/04/2019 02/04/19 For Rent $1,050 0.0% --
05/22/2018 05/22/18 Sold $157,500 -91.0% $66 / Sq Ft
03/19/2018 03/19/18 Pending -- -- --
02/08/2018 02/08/18 For Sale $1,749,000 -- $737 / 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
2024 $2,466 $217,060 -- --
2023 $2,466 $151,200 $0 $0
2022 $3,409 $220,800 $0 $0
2021 $3,125 $166,230 $18,000 $148,230
2020 $2,405 $153,970 $18,000 $135,970
2019 $2,711 $142,560 $18,000 $124,560
2018 $2,513 $125,000 $0 $125,000
2017 $2,438 $116,000 $0 $116,000
2016 $2,356 $106,000 $0 $0
2015 $2,330 $101,000 $11,400 $89,600
2014 $2,207 $92,000 $11,400 $80,600
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 804825

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 24-35-25-00-00556.0-0000.00