$940,000
SOLD AUG 23, 2017

423 Wilson Ave Cocoa Beach, FL 32931

Cocoa Beach Neighborhood
-- Bed
-- Bath
3,312 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$284 Per Sq Ft

11% Below List Price

196 Days on Market

Highlights

  • Ocean Front
  • Corner Lot
  • 1 Car Attached Garage
  • Cocoa Beach Junior/Senior High School Rated A
  • No HOA
  • Tile Flooring

About This Home

As of August 2017

This is an excellent investment opportunity! Direct ocean with private beach access. This property consists of 4 units, approximately 900 SF each. Unit 433 is direct ocean and is currently being rented seasonally for $3000 per mth. Unit has been upgraded w/tile in living areas and laminate in bedrooms, granite breakfast bar & decorative lighting. Covered patio, french doors & outside shower. Each unit has a 1 car garage and 423,425 & 431 are rented long term. Tenants pay all utilities. Large center yard shared by units. White picket fencing. 423 has private front yard. Corner lot. Perfect Florida living! Rent all units or rent out and live on the ocean!

Last Agent to Sell the Property

Nick Farinella

Coldwell Banker Realty License #536213

Coldwell Banker Realty

Last Buyer's Agent

Jennifer Billingham

CENTURY 21 Ocean

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,399

Year Built

  • Built in 1959

Lot Details

  • 8,712 Sq Ft Lot
  • Ocean Front
  • Street terminates at a dead end
  • Corner Lot

Parking

  • 1 Car Attached Garage

Home Design

  • Duplex
  • Concrete Siding
  • Block Exterior

Interior Spaces

  • 3,312 Sq Ft Home
  • 1-Story Property

Kitchen

  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Laminate
  • Tile
  • Terrazzo

Laundry

  • Dryer
  • Washer

Schools

  • Cape View Elementary School
  • Cocoa Beach Middle School
  • Cocoa Beach High School

Utilities

  • Central Air
  • Cable TV Available

Listing and Financial Details

  • The owner pays for insurance, management, taxes, trash collection
  • Assessor Parcel Number 24-37-26-Cg-00101.0-0011.00

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $10,000
  • Gross Income $10,000
  • Net Operating Income $55,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,399

Year Built

Built in 1959

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Year Built: 1959
  • Reso Property Sub Type: Duplex
  • ResoLaundryFeatures: Electric Dryer Hookup
  • ResoLotFeatures: Corner Lot, Dead End Street
  • ResoSpecialListingConditions: Standard
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • Appliances Microwave: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Gross Scheduled Income: 65000.0
  • Income And Expenses Operating Expense: 10000.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate, Terrazzo, Tile
  • Appliances: Dishwasher, Dryer, Ice Maker, Microwave, Washer
  • ResoLivingAreaSource: PublicRecords
  • Appliances Dishwasher: Yes
  • Appliances:Ice Maker: Yes

Exterior Features

  • Pool Features: None
  • Acres: 0.2
  • Waterfront Features: Ocean Front
  • Waterfront: Yes
  • Construction Type: Block, Concrete
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Waterfront Features:Ocean Front: Yes
  • Lot Features:Corner Lot: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: Attached
  • Total Parking Spaces: 8.0
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 1.0
  • Parking Features:Attached: Yes
  • General Property Information:Parking Total: 8.0

Utilities

  • Cooling: Central Air
  • Utilities: Cable Available, Electricity Connected, Natural Gas 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: Cocoa Beach

Lot Info

  • Lot Size Sq Ft: 8712.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2435876
  • Parcel #: 24-37-26-Cg-00101.0-0011.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Insurance, Management, Taxes, Trash Collection

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 7399.01

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 10000.0
  • Annual Operating Expense: 10000.0
  • Income And Expenses Net Operating Income: 55000.0

MLS Schools

  • Elementary School: Cape View
  • High School: Cocoa Beach

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 11, 2022
Sold by
Vietri Joseph F
Bought by
London Capital Properties Llc
Total Days on Market
196
Current Estimated Value
$955,417

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Outstanding Balance
$685,566
Interest Rate
7.99%
Mortgage Type
New Conventional
Estimated Equity
$150,162

Purchase Details

Listed on
Jan 17, 2017
Closed on
Aug 23, 2017
Sold by
Ray Clifford S and Ray Maria L
Bought by
Vietri Joseph F
Seller's Agent
Nick Farinella
Coldwell Banker Realty
Buyer's Agent
Jennifer Billingham
CENTURY 21 Ocean
List Price
$1,059,000
Sold Price
$940,000
Premium/Discount to List
-$119,000
-11.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.50%
Original Mortgage
$470,000
Interest Rate
4.03%
Mortgage Type
Balloon

Purchase Details

Closed on
Aug 19, 2004
Sold by
Ray Clifford S and Ray Maria L
Bought by
Rb Development Inc

Map

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
Quit Claim Deed $100 --
Warranty Deed $940,000 Attorney
Warranty Deed $6,500,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $700,000 New Conventional
Previous Owner $470,000 Balloon
Previous Owner $118,610 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2024 11/18/24 Off Market $1,800 -- --
02/09/2024 02/09/24 Rented -- -- --
02/01/2024 02/01/24 Under Contract -- -- --
11/20/2023 11/20/23 For Rent $2,300 +9.5% --
01/01/2022 01/01/22 Rented $2,100 0.0% --
12/20/2021 12/20/21 Under Contract -- -- --
09/15/2021 09/15/21 For Rent $2,100 +16.7% --
02/01/2019 02/01/19 Rented $1,800 0.0% --
12/18/2018 12/18/18 For Rent $1,800 0.0% --
08/23/2017 08/23/17 Sold $940,000 -11.2% $284 / Sq Ft
08/02/2017 08/02/17 Pending -- -- --
01/17/2017 01/17/17 For Sale $1,059,000 -- $320 / 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
2023 $13,421 $974,400 $579,000 $395,400
2022 $10,836 $848,780 $0 $0
2021 $10,011 $671,200 $482,500 $188,700
2020 $9,665 $640,110 $458,380 $181,730
2019 $9,408 $632,860 $458,380 $174,480
2018 $8,725 $550,000 $0 $550,000
2015 $7,077 $375,000 $328,100 $46,900
2014 $7,190 $375,000 $299,150 $75,850
Source: Public Records

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

MLS Number: 773294

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 24-37-26-CG-00101.0-0011.00

Florida Brevard County Cocoa Beach 32931 Cocoa Beach

423 Wilson Ave, Cocoa Beach, FL

Homes for Sale in Cocoa Beach, FL

This home is located at 423 Wilson Ave, Cocoa Beach, FL 32931 and is currently priced at $940,000, approximately $283 per square foot. This property was built in 1959. 423 Wilson Ave is a home located in Brevard County with nearby schools including Cape View Elementary School, Cocoa Beach Junior/Senior High School, and Our Saviour 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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