NOT LISTED FOR SALE

421 Thor Ave SE Palm Bay, FL 32909

Port Malabar Neighborhood
-- Bed
1 Bath
4,628 Sq Ft
0.62 Acres Lot

Sale Details

Date Sold: May 19, 2017

Last sale price $299,900 $65 Per Sq Ft

211 Days on Market

Highlights

  • 0.62 Acre Lot
  • Central Air
  • Wood Siding
  • No HOA

About This Home

As of May 2017

Offering consists of One 2-story walk-up apartment building with 6 total rental units. All units are 2 bedrooms/1 bath. City water/sewer. City of Palm Bay zoning is RM-20, muliti-family. Owner reports current Gross Income $44,940 Estimated NOI is $29,682. Drive-by is OK but Do Not go on site or speak to tenants.

Last Agent to Sell the Property

Steven Gailey

Sunchaser II Realty Listed on: 08/23/2016

Last Buyer's Agent

Ralph Perrone

Perrone Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,503

Year Built

  • Built in 1987

Lot Details

  • 0.62

Home Design

  • Frame Construction
  • Shingle Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 4,628 Sq Ft Home
  • 2-Story Property
  • Electric Range

Schools

  • Port Malabar Elementary School
  • Stone Middle School
  • Palm Bay High School

Additional Features

  • 27,007 Sq Ft Lot
  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 29-37-03-26-01988.0-0010.00

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • Port Malabar Unit 40 Subdivision

Building Details

  • Operating Expense $11,663
  • Gross Income $44,940
  • Net Operating Income $29,682

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,503

Year Built

Built in 1987

Lot Details

0.62 Acres

Listing Details

  • Property Type: Residential Income
  • Year Built: 1987
  • Reso Property Sub Type: Multi Family
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Port Malabar Unit 40
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Location Tax and Legal Parcel Number2: 29-37-03-26-01988.0-0010.00
  • Location Tax and Legal Elementary School: Port Malabar
  • Location Tax and Legal Middle School2: Stone
  • Location Tax and Legal High School: Palm Bay
  • Location Tax and Legal Tax Annual Amount: 4503.06
  • Location Tax and Legal Tax Year2: 2015
  • General Property Information Living Area2: 4628.0
  • General Property Information Building Area Total3: 4628.0
  • General Property Information Lot Size Acres: 0.62
  • General Property Information Lot Size Square Feet2: 27007.0
  • General Property Information Waterfront YN: No
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Roof:Shingle: Yes
  • Utilities Electricity Connected: Yes
  • Levels Two: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • General Property Information Lot Size Dimensions: 100.0 ft x 270.0 ft
  • General Property Information Number Of Units Total2: 6.0
  • Gross Scheduled Income: 44940.0
  • Income And Expenses Operating Expense: 11663.0
  • Utilities Sewer Connected: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: Electric Range, Refrigerator, Other
  • ResoLivingAreaSource: PublicRecords
  • Appliances:Electric Range: Yes

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Acres: 0.62
  • Waterfront: No
  • Construction Type: Frame, Stucco, Wood Siding
  • Construction Materials:Stucco: Yes
  • Construction Materials:Frame: Yes
  • Construction Materials:Wood Siding: Yes

Garage/Parking

  • General Property Information:Garage YN: No

Utilities

  • Cooling: Central Air, Electric
  • Utilities: Electricity Connected, Sewer Connected, Water Available
  • Cooling Y N: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Stone

Lot Info

  • Lot Dimensions: 100.0 ft x 270.0 ft
  • Lot Size Sq Ft: 27007.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 29-37-03-26-01988.0-0010.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Other

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 4503.06

Multi Family

  • Number Of Units Total: 6
  • Annual Operating Expense: 11663.0
  • Income And Expenses Net Operating Income: 29682.0

MLS Schools

  • Elementary School: Port Malabar
  • High School: Palm Bay
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/19/2017 05/19/17 Sold $299,900 0.0% $65 / Sq Ft
03/10/2017 03/10/17 Pending -- -- --
08/10/2016 08/10/16 For Sale $299,900 -- $65 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

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 $8,361 $570,240 -- --
2024 $7,360 $518,400 -- --
2023 $7,360 $414,720 $0 $0
2022 $6,700 $374,220 $0 $0
2021 $6,231 $297,730 $26,400 $271,330
2020 $5,929 $283,550 $26,400 $257,150
2019 $6,074 $262,550 $24,000 $238,550
2018 $5,797 $250,000 $0 $250,000
2017 $5,356 $220,000 $0 $220,000
2016 $4,738 $210,000 $0 $0
2015 $4,503 $184,470 $12,000 $172,470
2014 $4,174 $167,700 $12,000 $155,700
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Steven Gailey

    Sunchaser II Realty

  • R

    Buyer's Agent in 2017

    Ralph Perrone

    Perrone Realty, LLC

See All Agents

Map

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

MLS Number: 761715

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 29-37-03-26-01988.0-0010.00

Florida Brevard County Palm Bay 32909 Port Malabar

421 Thor Ave SE, Palm Bay, FL

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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