NOT LISTED FOR SALE

690 Cone Park Ct Merritt Island, FL 32952

Estimated Value: $608,246

-- Bed
-- Bath
6,250 Sq Ft
$97/Sq Ft Est. Value

Last Sold April 16, 2021

Last sale price $468,750 $75 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $3,884/month

62 Days on Market

Highlights

  • 0.8 Acre Lot
  • Cul-De-Sac
  • 1-Story Property
  • Circular Driveway
  • Tile Flooring
  • Central Air

About This Home

As of April 2021

MOTIVED SELLER!
Well maintained 6250 sq. foot multi-tenant office building in Merritt Island, with abundant parking on this combined .8 acre parcel. 3550 SF leased for 3 years @ $4307.34/mo., increasing 4% annually.
The other half has been recently built-out for IT services. The available units are currently combined, and consist of 3 offices, 2 baths (1 with an oversized shower), and a large central 2000 SF workspace designed for cubicles with power at each workstation. Roof is only 3 years old, and electricity is separately metered.
Property includes a 2nd .375 acre parcel that serves as a circular parking lot.
Excellent location in a growing area of Merritt Island, between Cocoa and Cocoa Beach, and close to Cape Canaveral and Melbourne.

Last Agent to Sell the Property

James Flint

Sperry CGA-Flint Brokers License #3313539 Listed on: 11/19/2020

Last Buyer's Agent

DeWayne Carpenter

Dale Sorensen Real Estate Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,845

Year Built

  • Built in 1993

Lot Details

  • 0.8 Acre Lot
  • Cul-De-Sac
  • Street terminates at a dead end

HOA Fees

  • $42 Monthly HOA Fees

Parking

  • Circular Driveway

Home Design

  • Frame Construction
  • Shingle Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 6,250 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Tile
  • Vinyl

Schools

  • Tropical Elementary School
  • Jefferson Middle School
  • Merritt Island High School

Utilities

  • Central Air

Community Details

  • 2 Units
  • Cone Medical Park Subdivision

Listing and Financial Details

  • The owner pays for exterior maintenance, grounds care, insurance, pest control, repairs, taxes
  • Assessor Parcel Number 25-36-02-34-00000.0-0004.00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,845

Year Built

Built in 1993

Lot Details

0

HOA Fees

$42 per month

Listing Details

  • Property Type: Residential Income
  • Year Built: 1993
  • Reso Property Sub Type: Multi Family
  • ResoLotFeatures: Cul-De-Sac, Dead End Street
  • Road Surface Type: Paved
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Cone Medical Park
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Location Tax and Legal Parcel Number2: 25-36-02-34-00000.0-0004.00
  • Location Tax and Legal Elementary School: Tropical
  • Location Tax and Legal Middle School2: Jefferson
  • Location Tax and Legal High School: Merritt Island
  • Location Tax and Legal Tax Annual Amount: 7845.43
  • Location Tax and Legal Tax Year2: 2020
  • General Property Information Living Area2: 6250.0
  • General Property Information Building Area Total3: 6250.0
  • General Property Information Lot Size Acres: 0.8
  • General Property Information Lot Size Square Feet2: 34848.0
  • General Property Information Waterfront YN: No
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Levels One: Yes
  • Lot Features Dead End Street: Yes
  • Roof:Shingle: Yes
  • Flooring Carpet: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • Flooring Vinyl: Yes
  • General Property Information Number Of Units Total2: 2.0
  • Utilities Sewer Connected: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Tile, Vinyl
  • Appliances: None
  • ResoLivingAreaSource: PublicRecords
  • Appliances:None: Yes

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Acres: 0.8
  • Waterfront: No
  • Construction Type: Frame, Stucco, Wood Siding
  • Construction Materials:Stucco: Yes
  • Lot Features:Cul-De-Sac: Yes
  • Construction Materials:Frame: Yes
  • Construction Materials:Wood Siding: Yes

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association Fee: 500.0
  • Association Fee Frequency: Annually
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 500.0
  • General Property Information:Association Fee Frequency: Annually

Schools

  • Middle Or Junior School: Jefferson

Lot Info

  • Lot Size Sq Ft: 34848.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2501790
  • Parcel #: 25-36-02-34-00000.0-0004.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Exterior Maintenance, Grounds Care, Insurance, Pest Control, Repairs, Taxes

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 7845.43

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Tropical
  • High School: Merritt Island

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2020
Closed on
Apr 5, 2021
Sold by
Cone Professional Park Llc
Bought by
Home Slice Propertiese Llc
Seller's Agent
James Flint
Sperry CGA-Flint Brokers
Buyer's Agent
DeWayne Carpenter
Dale Sorensen Real Estate Inc.
List Price
$525,000
Sold Price
$468,750
Premium/Discount to List
-$56,250
-10.71%
Current Estimated Value
$608,246

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139,496
Avg. Annual Appreciation
5.95%
Original Mortgage
$178,750
Outstanding Balance
$161,390
Interest Rate
3%
Mortgage Type
Commercial
Estimated Equity
$446,856
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
Home Slice Propertiese Llc $468,800 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Home Slice Propertiese Llc $178,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/16/2021 04/16/21 Sold $468,750 -6.2% $75 / Sq Ft
01/21/2021 01/21/21 Pending -- -- --
01/03/2021 01/03/21 Price Changed $499,500 -4.9% $80 / Sq Ft
11/19/2020 11/19/20 For Sale $525,000 -- $84 / 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 $7,829 $520,000 -- --
2024 $7,439 $492,840 -- --
2023 $7,439 $456,230 $0 $0
2022 $6,515 $387,110 $0 $0
2021 $7,938 $476,020 $41,250 $434,770
2020 $7,845 $515,090 $41,250 $473,840
2019 $7,042 $400,730 $41,250 $359,480
2018 $6,573 $347,010 $41,250 $305,760
2017 $6,507 $330,000 $0 $330,000
2016 $6,526 $316,000 $0 $0
2015 $6,380 $295,000 $46,880 $248,120
2014 $6,321 $286,000 $46,880 $239,120
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 890638

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 25-36-02-34-00000.0-0004.00