NOT LISTED FOR SALE

Estimated Value: $293,000 - $376,000

3 Beds
2 Baths
1,275 Sq Ft
$264/Sq Ft Est. Value

Last Sold June 05, 2015

Last sale price $179,900 $141 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $2,092/month

61 Days on Market

Highlights

  • Water Views
  • Cul-De-Sac
  • Central Heating and Cooling System
  • Martin County High School Rated A-
  • Ceramic Tile Flooring
  • Ceiling Fan

About This Home

As of June 2015

Discover this fantastic investor opportunity! Full duplex in Fisherman's Cove. Both sides are 3 bedroom/2 full bathrooms with 1 1/2 car garage! Cul-de-sac location! Call listing office ASAP. This listing will not last long. Currently very little ACTIVE inventory in Martin County for full duplexes.

Last Agent to Sell the Property

Patrick Stracuzzi

RE/MAX Community License #3048544 Listed on: 03/05/2015

RE/MAX Community

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,366

Year Built

  • Built in 1979

Lot Details

  • 0.25 Acre Lot
  • Cul-De-Sac

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,275 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Single Hung Metal Windows
  • Water Views

Flooring

  • Carpet
  • Ceramic Tile

Schools

  • Pinewood Elementary School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $22,380
  • Rent includes electricity, cable TV
  • Assessor Parcel Number 403841003000008009

Community Details

Overview

  • 2 Units
  • Fishermans Cove Sec 2 Ph Subdivision

Building Details

  • Operating Expense $2,366
  • Net Operating Income $20,014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,366

Year Built

Built in 1979

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: From Kanner Hwy (SR 76), go east on Norfolk, then right on Ontario. Turn right on Erie Terrace
  • Year Built: 1979
  • Unit Levels: One
  • Building Stories: 1
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Living Area: 1275.0
  • Window Features: Metal, Single Hung

Exterior Features

  • View: Other, Water
  • Lot Features: Cul-De-Sac
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Seller Disclosure
  • Construction Type: Block
  • Roof: Composition, Shingle

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Electricity, Cable TV
  • Senior Community: No

Schools

  • Elementary School: Pinewood

Lot Info

  • Parcel #: 403841003000008009
  • Lot Size Sq Ft: 11107.0
  • Zoning Description: R-2A
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 20014.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 2366.0
  • Total Actual Rent: 22380.0

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 2366.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2005
Sold by
Kurtz Steven R and Kurtz Kathleen J
Bought by
Kurtz Steven R and Kurtz Kathleen J
Current Estimated Value
$336,304

Purchase Details

Closed on
Oct 29, 2003
Sold by
Schall Richard
Bought by
Kurtz Steven R and Kurtz Kathleen J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,400
Outstanding Balance
$74,745
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$254,963

Purchase Details

Closed on
Mar 22, 2000
Sold by
Swider Henry V and Swider Geraldine F
Bought by
Schall Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
8.37%
Mortgage Type
New Conventional
Source: Public Records

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 Buyer Sale Price Title Company
Kurtz Steven R $78,100 --
Kurtz Steven R $198,000 Prestige Title Agency Inc
Schall Richard $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kurtz Steven R $158,400
Previous Owner Schall Richard $63,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2015 06/05/15 Sold $179,900 -21.7% $141 / Sq Ft
05/06/2015 05/06/15 Pending -- -- --
03/05/2015 03/05/15 For Sale $229,900 -- $180 / Sq Ft
Source: BeachesMLS

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 $3,155 $150,480 -- --
2024 $2,936 $136,800 -- --
2023 $2,936 $124,364 $0 $0
2022 $2,535 $113,059 $0 $0
2021 $2,331 $102,781 $0 $0
2020 $2,091 $115,420 $65,000 $50,420
2019 $1,948 $104,350 $55,000 $49,350
2018 $1,798 $97,200 $45,000 $52,200
2017 $1,221 $76,370 $32,000 $44,370
2016 $1,389 $63,820 $18,000 $45,820
2015 $1,136 $61,130 $13,500 $47,630
2014 $1,136 $51,670 $13,000 $38,670
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10116881

BeachesMLS

APN: 40-38-41-003-000-00800-9