NOT LISTED FOR SALE

5505 N Atlantic Ave Cocoa Beach, FL 32931

Estimated Value: $711,000

-- Bed
-- Bath
13,883 Sq Ft
$51/Sq Ft Est. Value

Last Sold August 22, 2012

Last sale price $1,080,000 $78 Per Sq Ft

Est. 34% decrease in value since last sale

Current estimated payment $3,942/month

846 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Resident Manager or Management On Site
  • Cocoa Beach Junior/Senior High School Rated A

About This Home

As of August 2012

Bring all offers. All the remaining units of the Reliance Center For Sale. $100/SF for 13,883 sq. ft. of space within a total of 8 units. Unit 103, Unit 104, Unit 108, and Unit 202+203 are completely built out, see their repective virtual tours. Unit 204 has finished walls and ceiling. Close proximity to Port Canaveral, Cape Canaveral Air Force Station and NASA Cape Kennedy. 90% Local Bank Financing Available! Ten Retail / Office units For Sale in a solid block 2 story condo environment. '||chr(10)||'Addendum - Ten Retail / Office units For Sale in a solid block 2 story condo environment.

Last Agent to Sell the Property

John Kellogg

Kellogg Realty of Brevard,Inc. License #3209733 Listed on: 02/11/2010

Last Buyer's Agent

Giuseppe Conoscenti

Prestige Florida Realty License #3233309

Property Details

Home Type

  • Multi-Family

Lot Details

  • Corner Lot

Home Design

  • Shingle Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 13,883 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Concrete
  • Tile

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 243726CH0000000004XA

Community Details

Overview

  • Property has a Home Owners Association
  • 8 Units
  • 5505 Center A Condominium Subdivision

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Reso Property Sub Type: Multi Family
  • ResoLotFeatures: Corner Lot
  • Reso Association Amenities: Management- On Site
  • ResoSpecialListingConditions: Real Estate Owned
  • Subdivision Name: 5505 Center A Condominium
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Location Tax and Legal Parcel Number2: 243726CH0000000004XA
  • Location Tax and Legal Tax Year2: 2010
  • General Property Information Living Area2: 13883.0
  • General Property Information Building Area Total3: 13883.0
  • General Property Information Waterfront YN: No
  • Flooring Tile: Yes
  • Flooring Wood: Yes
  • Roof:Shingle: Yes
  • Levels Two: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • Flooring Concrete: Yes
  • General Property Information Number Of Units Total2: 8.0
  • Special Listing Conditions Real Estate Owned: Yes
  • Utilities Sewer Connected: Yes
  • Special Features: 5120
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete, Tile, Wood
  • Appliances: Other
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Lot Features:Corner Lot: Yes

Garage/Parking

  • General Property Information:Garage YN: No

Utilities

  • Utilities: Sewer Connected, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 4576.0
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 4576.0

Lot Info

  • Parcel #: 243726CH0000000004XA

Rental Info

  • Owner Pays: Other

Tax Info

  • Tax Year: 2010

Multi Family

  • Number Of Units Total: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 18, 2009
Sold by
Sunrise Bank
Bought by
5505 Center Sb Llc
Current Estimated Value
$711,000

Purchase Details

Closed on
Oct 27, 2006
Sold by
Reliance Center Llc
Bought by
Ottenbacher James J and Kaufman Steven W

Purchase Details

Closed on
Jan 11, 2006
Sold by
Supra Color Enterprises Inc
Bought by
Reliance Center Llc

Purchase Details

Closed on
Mar 16, 2004
Sold by
Reliance Center Llc
Bought by
Supra Color Enterprises Inc

Purchase Details

Closed on
Mar 16, 1999
Sold by
Supra Color Ent Inc
Bought by
Reliance Cntr L L C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,125,000
Interest Rate
6.74%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
5505 Center Sb Llc -- Attorney
Ottenbacher James J $100,000 Attorney
Reliance Center Llc $1,145,000 None Available
Supra Color Enterprises Inc $1,125,000 Landmark Title Agency Inc
Reliance Cntr L L C $1,175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reliance Cntr L L C $1,125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2012 08/22/12 Sold $1,080,000 -43.0% $78 / Sq Ft
05/31/2012 05/31/12 Pending -- -- --
02/05/2010 02/05/10 For Sale $1,895,000 -- $136 / 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 $2,467 $153,000 -- --
2024 $2,503 $153,000 -- --
2023 $2,503 $153,000 $153,000 $0
2022 $2,413 $153,000 $0 $0
2021 $2,515 $174,250 $174,250 $0
2020 $2,137 $130,000 $130,000 $0
2019 $2,079 $130,000 $130,000 $0
2018 $1,998 $130,000 $130,000 $0
2017 $1,887 $48,000 $0 $0
2016 $1,761 $110,000 $110,000 $0
2015 $1,688 $110,000 $110,000 $0
2014 $1,400 $79,000 $79,000 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    John Kellogg

    Kellogg Realty of Brevard,Inc.

  • Giuseppe Conoscenti

    Buyer's Agent in 2012

    Giuseppe Conoscenti

    Prestige Florida Realty

    (321) 693-7751

    13 in this area

    38 Total Sales

    Giuseppe Conoscenti
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Map

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

MLS Number: 561388

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 24-37-26-CH-00000.0-0004.00

Florida Brevard County Cocoa Beach 32931

5505 N Atlantic Ave, Cocoa Beach, FL

Not Listed for Sale

MultiFamily

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