615 Clearlake Rd Cocoa, FL 32922
Cocoa West NeighborhoodEstimated Value: $253,964 - $327,000
6
Beds
4
Baths
2,204
Sq Ft
$138/Sq Ft
Est. Value
Highlights
- No HOA
- Ceramic Tile Flooring
- Ceiling Fan
- Oversized Lot
- Central Heating and Cooling System
- High Speed Internet
About This Home
As of February 2024Welcome to this unique income producing property nestled in a desirable area. The home boasts a strategic blend, making it an ideal choice for investors seeking both immediate returns and long-term growth.
Key Features:
Upgraded HVAC System: Enjoy optimal comfort and efficiency with newly installed AC ductwork throughout the property, ensuring a pleasant environment for tenants year-round. The new unit installed in 2018 provides enhanced reliability and performance, further adding value to this investment.
Income-Generating Potential: Benefit from a steady stream of income with this fully tenant-occupied property. While occupancy at the time of closing is not guaranteed, the current occupancy status underscores its appeal as a reliable income generator.
Versatile Layout: This property presents a unique configuration featuring a block single-family home at the front and a two-story duplex at the rear. The upper unit of the duplex offers two bedrooms and one bathroom, while the lower unit provides one bedroom and one bathroom. This versatile layout caters to diverse tenant preferences, maximizing rental opportunities.
Convenient Amenities: Residents will appreciate the convenience of onsite laundry facilities located in the first-floor common area, enhancing their overall living experience and convenience.
Commercial Zoning: With the property zoned for commercial use, the possibilities are endless. Explore various investment avenues such as retail space, office conversions, or mixed-use developments, unlocking a myriad of potential opportunities for future growth and expansion.
Conveniently situated in a prime location, this property enjoys easy access to a range of amenities including shopping centers, beach access minutes away, dining establishments, recreational facilities, and major transportation routes. Its proximity to key attractions and essential services adds to its appeal, attracting tenants and enhancing its long-term value proposition.
In summary, this property presents a rare opportunity to acquire a maintained investment asset with promising income-generating potential and versatile usage options. Whether you're a seasoned investor seeking to expand your portfolio or a discerning buyer looking for a rewarding investment opportunity, this property offers the perfect blend of convenience, comfort, and growth potential. Don't miss out on the chance to make this exceptional property your next investment success story.
Contact us today to schedule a viewing and explore the endless possibilities that await!
Last Agent to Sell the Property
LPT REALTY, LLC Brokerage Phone: 877-366-2213 License #3426464 Listed on: 01/26/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,560
Year Built
- Built in 1957
Lot Details
- 0.32 Acre Lot
- Fenced
- Oversized Lot
Home Design
- Duplex
- Split Level Home
- Slab Foundation
- Shingle Roof
- Wood Siding
- Block Exterior
Interior Spaces
- 2,204 Sq Ft Home
- Ceiling Fan
- Laundry Located Outside
Flooring
- Ceramic Tile
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Utilities
- Central Heating and Cooling System
- Cooling System Mounted To A Wall/Window
- Heating System Mounted To A Wall or Window
- Well
- Septic Tank
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Visit Down Payment Resource Website
- Legal Lot and Block 2 / A
- Assessor Parcel Number 24 3630-76-A-2.01
Community Details
Overview
- No Home Owners Association
- 3 Units
- 1,624 Sq Ft Building
- Atkinsons 02 Subdivision
Amenities
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 26, 2024
Closed on
Feb 14, 2024
Sold by
901 Kensington Drive Llc
Bought by
Flametree Investment Group Llc
Seller's Agent
Jennifer Adams
LPT REALTY, LLC
Buyer's Agent
Gabriela Lauria
VOLKE REAL ESTATE LLC
List Price
$350,000
Sold Price
$320,000
Premium/Discount to List
-$30,000
-8.57%
Total Days on Market
5
Views
37
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,509
Avg. Annual Appreciation
-3.69%
Purchase Details
Closed on
Oct 4, 2021
Sold by
Pheasant Byron B
Bought by
901 Kensington Dr Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
2.8%
Mortgage Type
Balloon
Purchase Details
Closed on
Jan 1, 2017
Bought by
Byron B Pheasant Revocable Tru
Purchase Details
Closed on
Jan 6, 2009
Sold by
Pheasant Byron
Bought by
Pheasant Byron B and The Byron B Pheasant Revocable
Purchase Details
Closed on
Dec 3, 1999
Sold by
Wilson John L and Wilson Kimberly E
Bought by
Pheasant Byron
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
7.99%
Purchase Details
Closed on
Dec 2, 1999
Sold by
Wilson Willard
Bought by
Wilson John L and Wilson Kimberly E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
7.99%
Similar Home in Cocoa, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Flametree Investment Group Llc | $320,000 | None Listed On Document | |
| 901 Kensington Dr Llc | $270,000 | Orlando Ttl Professionals Ll | |
| Byron B Pheasant Revocable Tru | $100 | -- | |
| Pheasant Byron B | -- | None Available | |
| Pheasant Byron | $72,500 | -- | |
| Wilson John L | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | 901 Kensington Dr Llc | $230,000 | |
| Previous Owner | Freeman Tracy | $230,000 | |
| Previous Owner | Pheasant Byron | $55,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/19/2024 02/19/24 | Sold | $320,000 | -8.6% | $145 / Sq Ft |
| 01/26/2024 01/26/24 | For Sale | $350,000 | -- | $159 / Sq Ft |
Source: Stellar MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2023 | $3,560 | $225,120 | $0 | $0 |
| 2022 | $2,673 | $110,510 | $0 | $0 |
| 2021 | $2,429 | $87,000 | $22,270 | $64,730 |
| 2020 | $2,390 | $90,160 | $22,270 | $67,890 |
| 2019 | $2,289 | $92,360 | $22,270 | $70,090 |
| 2018 | $2,276 | $90,000 | $0 | $90,000 |
Source: Public Records
Agents Affiliated with this Home
-
Jennifer Adams
Seller's Agent in 2024
Jennifer Adams
LPT REALTY, LLC
(407) 791-3149
1 in this area
51 Total Sales
-
Gabriela Lauria
G
Buyer's Agent in 2024
Gabriela Lauria
VOLKE REAL ESTATE LLC
(407) 724-1407
1 in this area
17 Total Sales
Map
Source: Stellar MLS
MLS Number: S5098414
APN: 24-36-30-76-0000A.0-0002.01
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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