NOT LISTED FOR SALE

714 Mathers St Melbourne, FL 32935

Estimated Value: $186,000 - $543,000

4 Beds
2 Baths
1,808 Sq Ft
$228/Sq Ft Est. Value

Last Sold October 16, 2024

Last sale price $625,000 $346 Per Sq Ft

Est. 34% decrease in value since last sale

Current estimated payment $2,568/month

2 Days on Market

Highlights

  • River View
  • No HOA
  • Vinyl Flooring
  • Corner Lot
  • Cooling Available
  • Heating Available

About This Home

As of October 2024

Great investment opportunity in EGAD area. These units are fully renovated and are bringing in great $$. Each unit is 2 beds and 1 bath and each unit has a laundry room. Plenty of outdoor space and there is also extensive river views. Both units have new kitchens, baths, plumbing, AC, windows, flooring, etc.

Last Agent to Sell the Property

Scott Loveridge

Relentless Real Estate Co. License #3058836 Listed on: 09/18/2024

Co-Listed By

Carmen Conrad

Relentless Real Estate Co. License #3589134

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,204

Year Built

  • Built in 1962

Lot Details

  • 8,712 Sq Ft Lot
  • Corner Lot

Parking

  • 2 Carport Spaces

Home Design

  • Duplex
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 1,808 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring
  • River Views

Kitchen

  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

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

Utilities

  • Cooling Available
  • Heating Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 27-37-16-25-00010.0-0001.00
  • Seller Concessions Offered

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,204

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1962
  • Reso Property Sub Type: Duplex
  • ResoLotFeatures: Corner Lot
  • Road Frontage Type: City Street
  • Reso View: River
  • Co List Office Mls Id: spc.orlnt
  • Co List Office Phone: 321-302-0763
  • ResoSpecialListingConditions: Standard
  • Carport Y N: Yes
  • Garage Yn: No
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 27-37-16-25-00010.0-0001.00
  • 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: 5204.11
  • Location Tax and Legal Tax Year2: 2022
  • General Property Information Living Area2: 1808.0
  • General Property Information Lot Size Acres: 0.2
  • General Property Information Lot Size Square Feet2: 8712.0
  • General Property Information New Construction YN: No
  • General Property Information Carport Spaces2: 2.0
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling:Electric: Yes
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: Yes
  • Utilities Water Available: Yes
  • General Property Information Stories Total: 1
  • Utilities Sewer Available: Yes
  • Flooring Vinyl: Yes
  • General Property Information Number Of Units Total2: 2.0
  • General Property Information Number Of Buildings2: 1.0
  • General Property Information Stories2: 1
  • Marketing Remarks:Marketing Remarks: Great investment opportunity in EGAD area. These units are fully renovated and are bringing in great $$. Each unit is 2 beds and 1 bath and each unit has a laundry room. Plenty of outdoor space and there is also extensive river views. Both units have new kitchens, baths, plumbing, AC, windows, flooring, etc.
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Vinyl
  • Appliances: Dishwasher, Electric Range, Ice Maker, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Stories: 1
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Appliances:Ice Maker: Yes

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Acres: 0.2
  • Construction Type: Block
  • Construction Materials:Block2: Yes
  • View:River: Yes
  • Lot Features:Corner Lot: Yes

Garage/Parking

  • General Property Information:Garage YN: No

Utilities

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

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Johnson

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 8712.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 27-37-16-25-00010.0-0001.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5204.11

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Creel
  • High School: Eau Gallie

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2024
Closed on
Oct 11, 2024
Sold by
Lj Real Estate Holdings Llc
Bought by
Slatton Derrick A
Seller's Agent
Scott Loveridge
Relentless Real Estate Co.
List Price
$625,000
Sold Price
$625,000
Views
10
Current Estimated Value
$411,576

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$213,424
Avg. Annual Appreciation
-27.85%
Original Mortgage
$638,437
Outstanding Balance
$631,725
Interest Rate
6.35%
Mortgage Type
VA
Estimated Equity
-$220,149

Purchase Details

Closed on
Nov 21, 2022
Sold by
Bennett Amy
Bought by
Lj Real Estate Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,250
Interest Rate
7.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2001
Sold by
Erikson John Michael and Eriksen John M
Bought by
Schverak Amy

Purchase Details

Closed on
Jun 25, 2001
Sold by
Henderson Suzanne M and Hripto Suzanne Marie
Bought by
Eriksen John Michael and Eriksen John M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Slatton Derrick A $625,000 None Listed On Document
Lj Real Estate Holdings Llc $335,000 --
Schverak Amy $97,000 --
Eriksen John Michael -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Slatton Derrick A $638,437
Previous Owner Lj Real Estate Holdings Llc $251,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2024 10/16/24 Sold $625,000 0.0% $346 / Sq Ft
09/20/2024 09/20/24 Pending -- -- --
09/18/2024 09/18/24 For Sale $625,000 0.0% $346 / Sq Ft
12/23/2023 12/23/23 Off Market $2,000 -- --
12/16/2023 12/16/23 Off Market $2,000 -- --
07/01/2023 07/01/23 Rented $2,000 0.0% --
06/05/2023 06/05/23 Under Contract -- -- --
04/10/2023 04/10/23 Price Changed $2,000 -20.0% $2 / Sq Ft
03/28/2023 03/28/23 For Rent $2,500 -- --
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 $5,148 $369,600 -- --
2024 $5,204 $288,000 -- --
2023 $5,204 $288,000 $90,000 $198,000
2022 $3,109 $218,400 $0 $0
2021 $2,613 $136,280 $50,000 $86,280
2020 $2,442 $129,850 $50,000 $79,850
2019 $2,283 $112,910 $50,000 $62,910
2018 $2,233 $108,000 $0 $108,000
2017 $2,134 $100,000 $0 $100,000
2016 $2,264 $109,000 $0 $0
2015 $2,106 $88,000 $35,000 $53,000
2014 $1,866 $80,000 $35,000 $45,000
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 1025138

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 27-37-16-25-00010.0-0001.00