$335,000
SOLD SEP 6, 2024
4 Beds
4 Baths
2,688 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$125 Per Sq Ft

21% Below List Price

Highlights

  • Intracoastal View
  • Hurricane or Storm Shutters
  • Central Heating and Cooling System
  • 4 Car Detached Garage
  • Tile Flooring
  • East Facing Home

About This Home

As of September 2024

ATTENTION INVESTORS!!! Rare Find 4 Unit Condo Building in ''The Bluffs'' FOR SALE, AS-IS. Currently Tenant Occupied. EACH Unit is a 2Story with 672 SF plus 1 Car Garage (Detached) & 1 Assigned Open Parking Space. Kitchen, Dining area, and Living Room with Sliders to a Patio are on the Main Floor. Bedroom, Full Bath, and Utility Area with Laundry Hook Ups (AC/WH) on the Second Floor. 2 Units Face East, 2Units Face West (Patios North & South Sides). Directly Off US1 Across from the Indian River. Partial River Views. FIXER UPPER - Several Units in need of Electrical & Plumbing work plus Cosmetics. One Unit available by appointment (prior day notice), others after contract. Photos are of all units - Kitchen, Living, Bed, Bath of each and exterior.

Last Agent to Sell the Property

Vicky Lee Santana

Santana Real Estate LLC License #3079444 Listed on: 07/24/2024

Santana Real Estate LLC

Last Buyer's Agent

David Andai

Compass Florida LLC License #3513832

Compass Florida LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $993

Year Built

  • Built in 1985

Lot Details

  • 4,356 Sq Ft Lot
  • East Facing Home

HOA Fees

Parking

  • 4 Car Detached Garage
  • 4 Open Parking Spaces
  • Assigned Parking

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Frame Construction
  • Shingle Roof
  • Asphalt

Interior Spaces

  • 2,688 Sq Ft Home
  • 2-Story Property
  • Intracoastal Views
  • Hurricane or Storm Shutters

Kitchen

  • Electric Range
  • Microwave

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Schools

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

Utilities

  • Central Heating and Cooling System
  • Separate Meters
  • Separate Water Meter
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, hot water, sewer, water
  • The owner pays for association fees, repairs, taxes
  • Assessor Parcel Number 28-38-30-00-00538.G-0000.00

Community Details

Overview

  • Association fees include ground maintenance, trash
  • 4 Units
  • Space Coast Property Management Association, Phone Number (321) 733-3382

Building Details

  • Operating Expense $15,401
  • Gross Income $34,500
  • Net Operating Income $19,099

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$993

Year Built

Built in 1985

Lot Details

0

HOA Fees

$2,699 per month

Parking

4

Listing Details

  • Property Type: Residential Income
  • Year Built: 1985
  • Reso Property Sub Type: Quadruplex
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Reso View: Other, Intracoastal
  • Reso Association Amenities: Management - Off Site
  • Reso Association Fee Includes: Maintenance Grounds, Trash
  • ResoSpecialListingConditions: Assessment Seller Pay
  • Carport Y N: No
  • Entry Level: 1
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 28-38-30-00-00538.G-0000.00
  • Location Tax and Legal Elementary School: Palm Bay Elem
  • Location Tax and Legal Middle School2: Stone
  • Location Tax and Legal High School: Palm Bay
  • Location Tax and Legal Tax Annual Amount: 993.04
  • Location Tax and Legal Tax Year2: 2022
  • General Property Information Living Area2: 2688.0
  • General Property Information Building Area Total3: 2688.0
  • General Property Information Lot Size Acres: 0.1
  • General Property Information Lot Size Square Feet2: 4356.0
  • General Property Information New Construction YN: No
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: East
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Flooring Tile: Yes
  • Road Surface Type Asphalt: Yes
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • Flooring Carpet: Yes
  • Levels Two: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • General Property Information Stories Total: 2
  • General Property Information Association Phone: 321-733-3382
  • View Intracoastal: Yes
  • General Property Information Number Of Units Total2: 4.0
  • Income And Expenses Operating Expense: 15401.0
  • Utilities Sewer Connected: Yes
  • Utilities Separate Electric Meters: Yes
  • Utilities Separate Water Meters: Yes
  • General Property Information Number Of Buildings2: 1.0
  • General Property Information Stories2: 2
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Tile
  • Appliances: Electric Range, Microwave, Refrigerator
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Stories: 2
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords
  • Appliances:Electric Range: Yes

Exterior Features

  • Exterior Features: Other, Storm Shutters
  • Roof: Shingle
  • Acres: 0.1
  • Construction Type: Frame
  • Direction Faces: East
  • Exterior Features:Storm Shutters: Yes
  • Construction Materials:Frame: Yes
  • Construction Materials:Brick2: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 4.0
  • Parking Features: Assigned, Detached, Garage
  • Total Parking Spaces: 4.0
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 4.0
  • Parking Features:Garage: Yes
  • Parking Features:Assigned: Yes
  • Parking Features:Detached: Yes
  • General Property Information:Parking Total: 4.0
  • General Property Information:Open Parking Spaces2: 4.0

Utilities

  • Cooling: Central Air, Electric
  • Utilities: Cable Available, Electricity Connected, Sewer Connected, Separate Electric Meters, Separate Water Meters
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association #2 Fee: 2000.0
  • Association Fee: 699.0
  • Association Fee Frequency: Monthly
  • Association Name: Space Coast Property Management
  • Phone: 321-733-3382
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Name: Space Coast Property Management
  • General Property Information:Association Fee: 699.0
  • General Property Information:Association Fee Frequency: Monthly
  • General Property Information:Association Fee 2: 2000.0
  • Association Fee Includes:Trash: Yes
  • Association Fee Includes:Maintenance Grounds: Yes
  • Owner Pays:Association Fees: Yes

Schools

  • Middle Or Junior School: Stone

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 4356.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2850870
  • Parcel #: 28-38-30-00-00538.G-0000.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished
  • Tenant Pays: Cable TV, Electricity, Hot Water, Sewer, Water, Other
  • Owner Pays: Association Fees, Repairs, Taxes

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 993.04

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 34500.0
  • Income Includes: ["Rent Only"]
  • Annual Operating Expense: 15401.0
  • Income And Expenses Net Operating Income: 19099.0

MLS Schools

  • Elementary School: Palm Bay Elem
  • High School: Palm Bay

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2024
Closed on
Sep 6, 2024
Sold by
Bishop Alberta
Bought by
Limt Inc
Seller's Agent
Vicky Lee Santana
Santana Real Estate LLC
Buyer's Agent
David Andai
Compass Florida LLC
List Price
$425,000
Sold Price
$335,000
Premium/Discount to List
-$90,000
-21.18%
Views
6
Current Estimated Value
$311,886

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$23,114
Avg. Annual Appreciation
-7.11%
Original Mortgage
$175,000
Interest Rate
6.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 13, 2002
Sold by
Moallem Abbasali and Moallem Abasali
Bought by
Worbington Vincent C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,592
Interest Rate
6.86%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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 $335,000 Alliance Title Of The Treasure
Warranty Deed $120,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $375,000 Construction
Closed $175,000 New Conventional
Previous Owner $110,592 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2024 09/06/24 Sold $335,000 -21.2% $125 / Sq Ft
07/25/2024 07/25/24 Pending -- -- --
07/24/2024 07/24/24 For Sale $425,000 -- $158 / 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 $993 $97,140 -- --
2023 $993 $84,110 $0 $84,110
2022 $813 $66,390 $0 $0
2021 $758 $55,530 $0 $55,530
2020 $677 $47,810 $0 $47,810
2019 $653 $45,540 $0 $45,540
2018 $537 $31,500 $0 $31,500
2017 $441 $18,960 $0 $18,960
2016 $453 $18,960 $0 $0
2015 $465 $18,960 $0 $0
2014 $473 $18,960 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 1020467

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-38-30-00-00538.G-0000.00