NOT LISTED FOR SALE

586 Old Oak St Melbourne, FL 32935

Estimated Value: $334,950 - $391,000

3 Beds
1 Bath
1,252 Sq Ft
$287/Sq Ft Est. Value

Last Sold December 08, 2020

Last sale price $245,000 $196 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $2,084/month

3 Days on Market

Highlights

  • The property is located in a historic district
  • No HOA
  • Breakfast Bar
  • Open Floorplan
  • Separate Shower in Primary Bathroom
  • 1-minute walk to Rossetter Park

About This Home

As of December 2020

Rare opportunity to own & invest in the Eau Gallie Arts District! SOUTH EGAD is a distinguished neighborhood blended with historic homes, spectacular dining, iconic murals & unsurpassed river views all bound by stunning Oak trees. The 'Old Oak House' is an updated, concrete block cottage situated on a CORNER lot walking distance to everything the area has to offer. Recently updated in 2019 with all new hurricane impact windows, exterior stucco & paint, new electric, & well-irrigation. The home enters into a sleek open floor plan with tile flooring & a grey-wash brick accent wall. The indoor laundry room is closed off by a stylish barn door. The kitchen features new Samsung appliance & casual dining from the breakfast bar. Cozy bedrooms with spacious closets & new paint. Sliders exit to the tropical, lively backyard with an additional structure for storage & vibrant views of the Art's District. This unique property offers endless potential with its classic Florida charm, modern touches, & location where homes are rarely available.

Last Agent to Sell the Property

David Curri

Kirschner Real Estate G Listed on: 10/21/2020

Last Buyer's Agent

Paul Rufo

Real Broker LLC License #3416173

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,160

Year Built

  • Built in 1956

Lot Details

  • 6,534 Sq Ft Lot
  • South Facing Home
  • Front and Back Yard Sprinklers
  • Few Trees

Parking

  • 1 Carport Space

Home Design

  • Shingle Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,252 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Tile Flooring
  • Washer and Gas Dryer Hookup

Kitchen

  • Breakfast Bar
  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom
  • Separate Shower in Primary Bathroom

Schools

  • Creel Elementary School
  • Johnson Middle School
  • Eau Gallie High School

Utilities

  • Central Air
  • Heating Available
  • Well
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Patio
  • The property is located in a historic district

Community Details

  • No Home Owners Association
  • Roeschs Add To Eau Gallie Association
  • Roeschs Add To Eau Gallie Subdivision

Listing and Financial Details

  • Assessor Parcel Number 27-37-21-07-0000c.0-0008.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,160

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1956
  • Reso Property Sub Type: Single Family Residence
  • ResoLaundryFeatures: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
  • ResoLotFeatures: Few Trees, Historic Area, Sprinklers In Front, Sprinklers In Rear
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Roeschs Add To Eau Gallie
  • Carport Y N: Yes
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 27-37-21-07-0000c.0-0008.00
  • Location Tax and Legal Elementary School: Creel
  • Location Tax and Legal Middle School2: Johnson
  • Location Tax and Legal High School: Eau Gallie
  • Location Tax and Legal Tax Annual Amount: 2160.23
  • Location Tax and Legal Tax Year2: 2020
  • General Property Information Living Area2: 1252.0
  • General Property Information Building Area Total3: 1626.0
  • General Property Information Lot Size Acres: 0.15
  • General Property Information Lot Size Square Feet2: 6534.0
  • General Property Information New Construction YN: No
  • General Property Information Carport Spaces2: 1.0
  • General Property Information Waterfront YN: No
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: South
  • Appliances Microwave: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Levels One: Yes
  • Pets Allowed Yes: Yes
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Water Source Well: Yes
  • Water Source Public: Yes
  • Interior Features Primary Bathroom -Tub with Separate Shower: Yes
  • General Property Information Carport YN2: Yes
  • Lot Features Historic Area: Yes
  • General Property Information:Pool Private YN: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), Open Floorplan, Primary Bathroom - Tub with Shower, Primary Bathroom -Tub with Separate Shower
  • Flooring: Tile
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Microwave
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Open Floorplan: Yes
  • Interior Features:Breakfast Bar: Yes
  • Interior Features:Ceiling Fan(s): Yes

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Acres: 0.15
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: South
  • Patio And Porch Features: Patio
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Patio And Porch Features:Patio: Yes
  • Lot Features:Sprinklers in Front: Yes
  • Lot Features:Sprinklers In Rear: Yes
  • Lot Features:Few Trees: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Carport
  • General Property Information:Garage YN: No
  • Parking Features:Carport: Yes

Utilities

  • Cooling: Central Air
  • Utilities: Cable Available
  • Heating: Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public, Well
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Name: ROESCHS ADD TO EAU GALLIE
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No
  • General Property Information:Association Name: ROESCHS ADD TO EAU GALLIE

Schools

  • Middle Or Junior School: Johnson

Lot Info

  • Lot Size Sq Ft: 6534.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 27-37-21-07-0000c.0-0008.00

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 2160.23

MLS Schools

  • Elementary School: Creel
  • High School: Eau Gallie

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2020
Closed on
Nov 18, 2020
Sold by
Equity Trust Company Custodian
Bought by
Klingenberg Adam P
Seller's Agent
David Curri
Kirschner Real Estate G
Buyer's Agent
Paul Rufo
Real Broker LLC
List Price
$250,000
Sold Price
$245,000
Premium/Discount to List
-$5,000
-2%
Current Estimated Value
$359,738

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,738
Avg. Annual Appreciation
7.87%
Original Mortgage
$171,500
Outstanding Balance
$152,611
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$207,127

Purchase Details

Listed on
Jun 29, 2019
Closed on
Aug 7, 2019
Sold by
Willoughby Jerry D
Bought by
Equity Trust Company Custodian and Victor J Hooper Roth Ira
Seller's Agent
Barbara Lyn
RE/MAX Elite
Buyer's Agent
Jennifer Carson
Keller Williams Realty Brevard
List Price
$187,500
Sold Price
$166,000
Premium/Discount to List
-$21,500
-11.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.06%

Purchase Details

Listed on
Jun 29, 2019
Closed on
Jul 17, 2019
Sold by
Galloway Michelle and Galloway Michelle
Bought by
Willoughby Jerry D
Seller's Agent
Barbara Lyn
RE/MAX Elite
Buyer's Agent
Jennifer Carson
Keller Williams Realty Brevard
List Price
$187,500
Sold Price
$166,000
Premium/Discount to List
-$21,500
-11.47%

Purchase Details

Closed on
Nov 12, 2003
Sold by
Palmer George E and Palmer Ora Lee
Bought by
Palmer George E and George E Palmer Trust

Purchase Details

Closed on
Aug 21, 2002
Sold by
Reading Robert Michael and Reading Robert M
Bought by
Palmer George E and Palmer Ora Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.53%

Purchase Details

Closed on
Jul 30, 1999
Sold by
Eskew Harold V
Bought by
Davich Robert M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,120
Interest Rate
7.66%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Klingenberg Adam P $245,000 Title Security & Escrow Of C
Kungen-Berg Adam P $245,000 None Listed On Document
Equity Trust Company Custodian $56,000 Title Security & Escrow Of C
Willoughby Jerry D $166,000 Prestige Ttl Of Brevard Llc
Palmer George E -- --
Palmer George E -- --
Palmer George E $92,500 --
Davich Robert M $73,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kungen-Berg Adam P $171,500
Closed Kungen-Berg Adam P $171,500
Previous Owner Palmer George E $60,000
Previous Owner Davich Robert M $59,120
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/08/2020 12/08/20 Sold $245,000 -2.0% $196 / Sq Ft
10/23/2020 10/23/20 Pending -- -- --
10/20/2020 10/20/20 For Sale $250,000 +50.6% $200 / Sq Ft
07/17/2019 07/17/19 Sold $166,000 -11.5% $133 / Sq Ft View Prior Sale
06/16/2019 06/16/19 Pending -- -- --
06/10/2019 06/10/19 For Sale $187,500 -- $150 / 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 $2,431 $180,370 -- --
2024 $2,368 $175,290 -- --
2023 $2,368 $170,190 $0 $0
2022 $2,319 $171,340 $0 $0
2021 $2,343 $166,350 $76,000 $90,350
2020 $2,160 $113,650 $66,000 $47,650
2019 $2,262 $117,590 $66,000 $51,590
2018 $2,162 $115,550 $62,000 $53,550
2017 $2,007 $101,850 $58,000 $43,850
2016 $1,882 $85,290 $46,000 $39,290
2015 $1,880 $82,830 $46,000 $36,830
2014 $1,794 $79,060 $46,000 $33,060
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 888228

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 27-37-21-07-0000C.0-0008.00