NOT LISTED FOR SALE

406 Cornell Ave Melbourne, FL 32901

Estimated Value: $217,239 - $268,000

4 Beds
2 Baths
1,042 Sq Ft
$223/Sq Ft Est. Value

Last Sold August 29, 2014

Last sale price $66,100 $63 Per Sq Ft

Est. 252% increase in value since last sale

Current estimated payment $1,423/month

28 Days on Market

Highlights

  • Deck
  • No HOA
  • 1-Story Property
  • Wood Flooring
  • 2 Car Attached Garage
  • Central Heating and Cooling System

About This Home

As of August 2014

This property is in Highest and best Multiple Offer round! Please have your buyers fill out multiple offer form and submit Their Highest & best offer no later then Tuesday August 5th by 1:00 pm. 4 bedroom 2 bath home right next to F.I.T. Large wooden deck in backyard. Home needs work, sold as-is, needs cash buyer, lots of potential. This is a Freddie Mac property. It is available under the Freddie Mac First Look Initiative though 8/1/2014.

Last Agent to Sell the Property

Garrett Bell

Coldwell Banker Realty Listed on: 07/31/2014

Last Buyer's Agent

Joseph Mignone

Dale Sorensen Real Estate Inc.

Dale Sorensen Real Estate Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $355

Year Built

  • Built in 1958

Lot Details

  • 7,500 Sq Ft Lot
  • West Facing Home

Parking

  • 2 Car Attached Garage

Home Design

  • Shingle Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,042 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • University Park Sec B Subdivision

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 28-37-09-75-0000t.0-0010.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$355

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
  • ResoSpecialListingConditions: Real Estate Owned
  • 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: 28-37-09-75-0000t.0-0010.00
  • 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: 354.51
  • Location Tax and Legal Tax Year2: 2013
  • General Property Information Living Area2: 1042.0
  • General Property Information Building Area Total3: 1541.0
  • General Property Information Lot Size Acres: 0.17
  • General Property Information Lot Size Square Feet2: 7500.0
  • 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: West
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Flooring Laminate: Yes
  • Flooring Tile: Yes
  • Flooring Wood: Yes
  • Levels One: Yes
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • Flooring Carpet: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • General Property Information Lot Size Dimensions: 75.0 ft x 100.0 ft
  • Special Listing Conditions Real Estate Owned: Yes
  • General Property Information:Pool Private YN: No
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Laminate, Tile, Wood
  • Appliances: Electric Water Heater, None
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Appliances:Electric Water Heater: Yes
  • Appliances:None: Yes

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Acres: 0.17
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: West
  • Patio And Porch Features: Deck
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Attached: Yes

Utilities

  • Cooling: Central Air, Electric
  • Utilities: Water Available
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Central: 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 Dimensions: 75.0 ft x 100.0 ft
  • Lot Size Sq Ft: 7500.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 28-37-09-75-0000t.0-0010.00

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 354.51

MLS Schools

  • Elementary School: University Park
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2014
Closed on
Aug 29, 2014
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Space Coast Crown Renewables Llc
Seller's Agent
Garrett Bell
Coldwell Banker Realty
Buyer's Agent
Joseph Mignone
Dale Sorensen Real Estate Inc.
List Price
$54,900
Sold Price
$66,100
Premium/Discount to List
$11,200
20.4%
Current Estimated Value
$232,810

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,710
Avg. Annual Appreciation
11.70%

Purchase Details

Listed on
Jul 31, 2014
Closed on
Jul 10, 2014
Sold by
Cabot Louis and Pnc Bank National Association
Bought by
Federal Home Loan Mortgage Corporation
Seller's Agent
Garrett Bell
Coldwell Banker Realty
Buyer's Agent
Joseph Mignone
Dale Sorensen Real Estate Inc.
List Price
$54,900
Sold Price
$66,100
Premium/Discount to List
$11,200
20.4%

Purchase Details

Closed on
Nov 17, 1995
Sold by
Lane Bruce V
Bought by
Cabot Louis and Cabot Denise E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,500
Interest Rate
7.54%

Purchase Details

Closed on
Nov 1, 1994
Sold by
Lane Bruce V and Lane Delores A
Bought by
Lane Bruce V
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Space Coast Crown Renewables Llc $66,100 Attorney
Federal Home Loan Mortgage Corporation -- Attorney
Cabot Louis -- --
Lane Bruce V -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cabot Louis $46,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2014 08/29/14 Sold $66,100 +20.4% $63 / Sq Ft
08/10/2014 08/10/14 Pending -- -- --
07/13/2014 07/13/14 For Sale $54,900 -- $53 / 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 $2,476 $155,290 -- --
2024 $2,328 $146,450 -- --
2023 $2,328 $139,750 $0 $0
2022 $2,040 $121,960 $0 $0
2021 $1,908 $103,200 $55,000 $48,200
2020 $1,746 $92,520 $45,000 $47,520
2019 $1,724 $95,700 $45,000 $50,700
2018 $1,644 $92,560 $40,000 $52,560
2017 $1,498 $76,970 $35,000 $41,970
2016 $1,384 $61,430 $20,000 $41,430
2015 $1,330 $57,220 $20,000 $37,220
2014 $378 $38,000 $15,000 $23,000
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 701506

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-37-09-75-0000T.0-0010.00