NOT LISTED FOR SALE

5695 S Highway A1a Melbourne Beach, FL 32951

Floridana Beach Neighborhood

Estimated Value: $1,614,000 - $1,926,000

-- Bed
1 Bath
2,500 Sq Ft
$715/Sq Ft Est. Value

Last Sold October 21, 2020

Last sale price $1,300,000 $520 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $11,006/month

132 Days on Market

Highlights

  • Ocean Front
  • 0.8 Acre Lot
  • Tile Flooring
  • Gemini Elementary School Rated A-
  • No HOA
  • 1-Story Property

About This Home

As of October 2020

Turn key, income producing Oceanfront quad-plex in one of the most pristine stretches of Florida coast yet only minutes to a Publix grocery store, downtown areas & 2 golf courses. Entire property has been completely renovated, so no work to do here ! All new, tastefully decorated interiors, new roof, updated electrical and plumbing, new Ocean deck and dune crossover and much more ! Furnishings and future bookings included in the sale. Room on site to add additional living area. This income producing property is known as ''Tranquility'' for a reason ! Shown by appointment only as rooms are often rented. Call today !

Last Agent to Sell the Property

Dave Settgast

One Sotheby's International License #3165226 Listed on: 03/18/2020

One Sotheby's International

Last Buyer's Agent

Meghan O'Hara

Hoven Real Estate License #3458747

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,440

Year Built

  • Built in 1979

Lot Details

  • 0.8 Acre Lot
  • Ocean Front

Home Design

  • Quadruplex
  • Shingle Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,500 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Laundry

  • Dryer
  • Washer

Schools

  • Gemini Elementary School
  • Hoover Middle School
  • Melbourne High School

Utilities

  • Central Air
  • Well
  • Water Softener is Owned
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • The owner pays for cable TV, electricity, grounds care, insurance, janitorial service, management, pest control, repairs, taxes, telephone, trash collection
  • Assessor Parcel Number 29-38-14-00-00253.0-0000.00

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $53,000
  • Gross Income $106,000
  • Net Operating Income $53,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,440

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1979
  • Reso Property Sub Type: Quadruplex
  • ResoLaundryFeatures: Electric Dryer Hookup
  • ResoLotFeatures: Other
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: None
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Location Tax and Legal Parcel Number2: 29-38-14-00-00253.0-0000.00
  • Location Tax and Legal Elementary School: Gemini
  • Location Tax and Legal Middle School2: Hoover
  • Location Tax and Legal High School: Melbourne
  • Location Tax and Legal Tax Annual Amount: 13440.0
  • Location Tax and Legal Tax Year2: 2019
  • General Property Information Living Area2: 2500.0
  • General Property Information Building Area Total3: 2725.0
  • General Property Information Lot Size Acres: 0.8
  • General Property Information Lot Size Square Feet2: 34848.0
  • General Property Information Waterfront YN: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Flooring Tile: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Levels One: Yes
  • Roof:Shingle: Yes
  • Utilities Cable Available: Yes
  • Water Source Well: Yes
  • General Property Information Carport YN2: No
  • General Property Information Number Of Units Total2: 4.0
  • Gross Scheduled Income: 106000.0
  • Income And Expenses Operating Expense: 53000.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Tile
  • Appliances: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer, Water Softener Owned
  • ResoLivingAreaSource: PublicRecords
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Appliances:Water Softener-Owned: Yes

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Acres: 0.8
  • Waterfront Features: Ocean Front
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Waterfront Features:Ocean Front: Yes
  • Lot Features:Other21: Yes

Garage/Parking

  • General Property Information:Garage YN: No

Utilities

  • Cooling: Central Air, Electric
  • Utilities: Cable Available
  • Cooling Y N: Yes
  • Water Source: Well
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Hoover

Lot Info

  • Lot Size Sq Ft: 34848.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2954165
  • Parcel #: 29-38-14-00-00253.0-0000.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Cable TV, Electricity, Grounds Care, Insurance, Janitorial Service, Management, Pest Control, Repairs, Taxes, Telephone, Trash Collection, Other

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 13440.0

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 53000.0
  • Income And Expenses Net Operating Income: 53000.0

MLS Schools

  • Elementary School: Gemini
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2020
Closed on
Oct 20, 2020
Sold by
443 Holdings Llc
Bought by
Petrilo Mark C and Saylor Mark
Seller's Agent
Dave Settgast
One Sotheby's International
Buyer's Agent
Meghan O'Hara
Hoven Real Estate
List Price
$1,450,000
Sold Price
$1,300,000
Premium/Discount to List
-$150,000
-10.34%
Current Estimated Value
$1,788,456

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$488,456
Avg. Annual Appreciation
6.56%
Original Mortgage
$975,000
Outstanding Balance
$865,630
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$922,826

Purchase Details

Listed on
Nov 7, 2016
Closed on
May 24, 2017
Sold by
Equity Trust Co As Custodian Fbo
Bought by
443 Holdings Llc
Seller's Agent
Tina Murphy
Realty World Curri Properties
Buyer's Agent
Arthur Mattson
Lakeland Realty
List Price
$1,200,000
Sold Price
$1,100,000
Premium/Discount to List
-$100,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.02%

Purchase Details

Closed on
Feb 6, 2015
Sold by
Gaccione Waltraut
Bought by
Equity Trust Company

Purchase Details

Closed on
May 14, 1998
Sold by
Stevens Michael P and Stevens Jean A
Bought by
Gaccione Waltraut

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
7.04%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Petrilo Mark C $1,300,000 State Title Partners Llp
Petrillo Mark C $1,300 Burns Michelle
443 Holdings Llc $1,100,000 Aalliance Title Ins Ag Inc
Equity Trust Company $500,000 Alliance Title Insurance Age
Gaccione Waltraut $800,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Petrillo Mark C $975,000
Closed Petrillo Mark C $975,000
Previous Owner Gaccione Waltraut $640,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/21/2020 10/21/20 Sold $1,300,000 -10.3% $520 / Sq Ft
07/29/2020 07/29/20 Pending -- -- --
03/18/2020 03/18/20 For Sale $1,450,000 +31.8% $580 / Sq Ft
05/24/2017 05/24/17 Sold $1,100,000 -8.3% $440 / Sq Ft View Prior Sale
03/03/2017 03/03/17 Pending -- -- --
11/07/2016 11/07/16 For Sale $1,200,000 -- $480 / 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 $19,510 $1,609,830 -- --
2024 $19,992 $1,613,480 -- --
2023 $19,992 $1,753,920 $1,365,000 $388,920
2022 $16,924 $1,522,800 $0 $0
2021 $14,855 $1,054,390 $682,500 $371,890
2020 $13,619 $941,090 $630,000 $311,090
2019 $13,440 $913,680 $630,000 $283,680
2018 $12,594 $825,000 $0 $825,000
2017 $11,771 $735,000 $0 $735,000
2016 $12,054 $720,000 $0 $0
2015 $12,076 $670,530 $622,500 $48,030
2014 $11,635 $622,500 $622,500 $0
Source: Public Records

Agents Affiliated with this Home

  • Dave Settgast

    Seller's Agent in 2020

    Dave Settgast

    One Sotheby's International

    (321) 543-1187

    77 in this area

    264 Total Sales

    Dave Settgast
    Section Image

  • M

    Buyer's Agent in 2020

    Meghan O'Hara

    Hoven Real Estate

    (321) 522-1771

    10 Total Sales

    Meghan O'Hara
    Section Image
  • Tina Murphy

    Seller's Agent in 2017

    Tina Murphy

    Realty World Curri Properties

    (321) 960-1308

    2 in this area

    47 Total Sales

    Tina Murphy
    Section Image

  • A

    Buyer's Agent in 2017

    Arthur Mattson

    Lakeland Realty

See All Agents

Map

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

MLS Number: 871214

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 29-38-14-00-00253.0-0000.00

Florida Brevard County Melbourne Beach 32951 Floridana Beach

5695 S Highway A1a, Melbourne Beach, FL

This home is located at 5695 S Highway A1a, Melbourne Beach, FL 32951 since 18 March 2020 and is currently estimated at $1,788,456, approximately $715 per square foot. This property was built in 1979. 5695 S Highway A1a is a home located in Brevard County with nearby schools including Gemini Elementary School, Herbert C. Hoover Middle School, and Melbourne Senior High 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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