NOT LISTED FOR SALE

Estimated Value: $273,000 - $299,561

3 Beds
2 Baths
2,508 Sq Ft
$114/Sq Ft Est. Value

Last Sold February 17, 2017

Last sale price $207,000 $83 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $1,784/month

108 Days on Market

Highlights

  • No HOA
  • Patio
  • Central Heating and Cooling System
  • Martin County High School Rated A-
  • Ceramic Tile Flooring
  • 1-Story Property

About This Home

As of February 2017

AS IS with right to inspect only. FULL DUPLEX, One unit is 3 bedroom (possible 4) 2 baths, second unit is 3 bedroom, 2 bath converted from a 2 bedroom 1.5 bath. CBS, the larger unit has a carport. GREAT INVESTMENT OPPORTUNITY, fully rented with longterm month-to-month tenants, market rate for rent tends to be considerably higher than current landlord charged. DO NOT APPROACH TENANTS - PROOF OF FUNDS REQUIRED PRIOR TO SHOWING. Highly rated Martin County Schools, minutes from beach, shopping and access

Last Agent to Sell the Property

Carol Perry

MMLS Assoc.-Inactive Member License #3319460 Listed on: 10/31/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,396

Year Built

  • Built in 1979

Lot Details

  • 4,443

Home Design

  • Duplex
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,508 Sq Ft Home
  • 1-Story Property
  • Blinds

Flooring

  • Carpet
  • Ceramic Tile

Additional Features

  • Patio
  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $19,200
  • Tenant pays for exterior electric, sewer, water
  • Rent includes electricity, sewer, water
  • Assessor Parcel Number 403841003000007411

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Fishermans Cove Subdivision

Building Details

  • Operating Expense $4,700
  • Net Operating Income $14,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,396

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1979
  • Property Sub Type: Duplex
  • Directions: Kanner Highway to Norfolk, E to corner of Norfolk and Ontario
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: Fishermans Cove
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Carpet, Ceramic Floor
  • Living Area: 2508
  • Stories: 1
  • Window Features: Blinds

Exterior Features

  • Roof: Comp Shingle Roof, Shingle
  • Construction Type: CBS Construction
  • Patio And Porch Features: Patio
  • Pool Private: No
  • View: No
  • Waterfront: No

Utilities

  • Sewer: Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Sewer Available, Water Available

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Association: No
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Parcel Number: 403841003000007411
  • Zoning: Res
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Electricity, Sewer, Water
  • Tenant Pays: Exterior Electric, Sewer, Water

Multi Family

  • Net Operating Income: 14500
  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Annual Operating Expense: 4700
  • Total Actual Rent: 19200

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 2396

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 9, 2019
Sold by
Banky Heather Lynn
Bought by
Simoes R and 16330B48 Trust
Current Estimated Value
$287,731

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Outstanding Balance
$105,504
Interest Rate
4.6%
Mortgage Type
Stand Alone First
Estimated Equity
$179,386

Purchase Details

Listed on
Oct 31, 2016
Closed on
Feb 10, 2017
Sold by
Hoffman Robert M and Hoffman Robert M
Bought by
Banky Heather Lynn
Seller's Agent
Carol Perry
MMLS Assoc.-Inactive Member
List Price
$237,000
Sold Price
$207,000
Premium/Discount to List
-$30,000
-12.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.67%
Original Mortgage
$76,800
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 15, 2004
Sold by
Hoffman Robert M
Bought by
Hoffman Robert M

Purchase Details

Closed on
May 25, 1988
Bought by
Hoffman Robert M
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
Simoes R $135,000 First Intl Title Inc
Banky Heather Lynn $98,000 North American Title Co
Hoffman Robert M -- --
Hoffman Robert M $86,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simoes R $120,000
Previous Owner Banky Heather Lynn $76,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/17/2017 02/17/17 Sold $207,000 -12.7% $83 / Sq Ft
02/16/2017 02/16/17 Pending -- -- --
10/31/2016 10/31/16 For Sale $237,000 -- $94 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $3,368 $178,216 -- --
2024 $3,128 $162,015 -- --
2023 $3,128 $147,287 $0 $0
2022 $2,717 $133,898 $0 $0
2021 $2,507 $121,726 $0 $0
2020 $2,251 $110,660 $65,000 $45,660
2019 $2,098 $100,670 $55,000 $45,670
2018 $1,942 $93,240 $45,000 $48,240
2017 $1,107 $78,350 $40,000 $38,350
2016 $1,226 $56,700 $17,000 $39,700
2015 $1,001 $51,870 $11,500 $40,370
2014 $1,001 $43,440 $11,000 $32,440
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: R10279307

MIAMI REALTORS® MLS

APN: 40-38-41-003-000-00741-1