NOT LISTED FOR SALE

740 Teak Dr Melbourne, FL 32935

Estimated Value: $238,000 - $254,000

3 Beds
2 Baths
1,100 Sq Ft
$226/Sq Ft Est. Value

Last Sold April 06, 2020

Last sale price $159,750 $145 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $1,467/month

11 Days on Market

Highlights

  • City View
  • No HOA
  • 1 Car Attached Garage
  • Open Floorplan
  • Screened Porch
  • Eat-In Kitchen

About This Home

As of April 2020

This home is one of those rare properties that needs some TLC but will meet the requirements of VA, FHA or Conventional financing. This home has a recent roof, new windows, new kitchen with granite counter tops and new appliances and a hurricane rated new garage door and new opener.
What is needed is mostly cosmetic. A little elbow grease will make this a truly cute home in the middle of town.

Last Agent to Sell the Property

Dennis Basile

D. Basile Real Estate, LLC License #143429 Listed on: 02/06/2020

Last Buyer's Agent

James Lipscomb

Hoven Real Estate License #3419036

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,571

Year Built

  • Built in 1961

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 63 x 105
  • East Facing Home

Parking

  • 1 Car Attached Garage
  • Garage Door Opener

Home Design

  • Fixer Upper
  • Shingle Roof
  • Concrete Siding
  • Block Exterior
  • Asphalt

Interior Spaces

  • 1,100 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Screened Porch
  • Terrazzo Flooring
  • City Views

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Outdoor Features

  • Patio

Schools

  • Harbor City Elementary School
  • Hoover Middle School
  • Eau Gallie High School

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Greentree Park, 1St Addn To Association
  • Greentree Park 1St Addn To Subdivision

Listing and Financial Details

  • Assessor Parcel Number 27-37-20-75-0000h.0-0015.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,571

Year Built

Built in 1961

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1961
  • Reso Property Sub Type: Single Family Residence
  • ResoLaundryFeatures: Electric Dryer Hookup, Gas Dryer Hookup, In Garage, Washer Hookup
  • Road Surface Type: Asphalt
  • Reso View: City
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Greentree Park 1st Addn To
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Reso Property Condition: Fixer
  • Location Tax and Legal Parcel Number2: 27-37-20-75-0000h.0-0015.00
  • Location Tax and Legal Elementary School: Harbor City
  • Location Tax and Legal Middle School2: Hoover
  • Location Tax and Legal High School: Eau Gallie
  • Location Tax and Legal Tax Annual Amount: 2570.86
  • Location Tax and Legal Tax Year2: 2019
  • General Property Information Living Area2: 1100.0
  • General Property Information Building Area Total3: 1425.0
  • General Property Information Lot Size Acres: 0.15
  • General Property Information Lot Size Square Feet2: 6534.0
  • General Property Information New Construction YN: No
  • General Property Information Waterfront YN: No
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: East
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Levels One: Yes
  • Road Surface Type Asphalt: Yes
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • Flooring Terrazzo: Yes
  • Interior Features Primary Bathroom -Tub with Separate Shower: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • Utilities Sewer Available: Yes
  • General Property Information Lot Size Dimensions: 63 x 105
  • Property Condition Fixer: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Ceiling Fan(s), Eat-in Kitchen, Kitchen Island, Open Floorplan, Primary Bathroom - Tub with Shower, Primary Bathroom -Tub with Separate Shower
  • Flooring: Terrazzo
  • Appliances: Dryer, Electric Range, Gas Water Heater, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Total Bedrooms: 6
  • ResoLivingAreaSource: PublicRecords
  • Appliances:Electric Range: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Open Floorplan: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Kitchen Island: Yes
  • Appliances:Gas Water Heater: Yes

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Acres: 0.15
  • Waterfront: No
  • Construction Type: Block, Concrete
  • Direction Faces: East
  • Patio And Porch Features: Patio, Porch, Screened
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Screened: Yes
  • View:City3: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: Attached, Garage, Garage Door Opener
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 1.0
  • Laundry Features:In Garage: Yes
  • Parking Features:Attached: Yes
  • Parking Features:Garage: Yes
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Cooling: Central Air
  • Utilities: Cable Available, Electricity Connected, Sewer Available, Water Available
  • Heating: Central
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Name: GREENTREE PARK, 1ST ADDN TO
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No
  • General Property Information:Association Name: GREENTREE PARK, 1ST ADDN TO

Schools

  • Middle Or Junior School: Hoover

Lot Info

  • Lot Dimensions: 63 x 105
  • Lot Size Sq Ft: 6534.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2723937
  • Parcel #: 27-37-20-75-0000h.0-0015.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 2570.86

MLS Schools

  • Elementary School: Harbor City
  • High School: Eau Gallie

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2020
Closed on
Apr 6, 2020
Sold by
Gibson Ellen M
Bought by
Lipscomb Thomas Arthur
Seller's Agent
Dennis Basile
D. Basile Real Estate, LLC
Buyer's Agent
James Lipscomb
Hoven Real Estate
List Price
$159,750
Sold Price
$159,750
Current Estimated Value
$248,494

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,744
Avg. Annual Appreciation
8.27%
Original Mortgage
$156,855
Outstanding Balance
$145,377
Interest Rate
6.25%
Mortgage Type
FHA
Estimated Equity
$103,117

Purchase Details

Closed on
Oct 12, 2010
Sold by
Cunningham Dianna Kay
Bought by
Stewart Lynne B and Gibson Ellen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,245
Interest Rate
4.5%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Lipscomb Thomas Arthur $159,800 Alliance Title
Stewart Lynne B $79,300 Prestige Title Of Brevard Ll
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lipscomb Thomas Arthur $156,855
Previous Owner Stewart Lynne B $78,245
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/06/2020 04/06/20 Sold $159,750 0.0% $145 / Sq Ft
02/17/2020 02/17/20 Pending -- -- --
02/06/2020 02/06/20 For Sale $159,750 -- $145 / 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 $1,991 $154,120 -- --
2024 $1,936 $149,780 -- --
2023 $1,936 $145,420 $0 $0
2022 $1,803 $141,190 $0 $0
2021 $1,816 $137,080 $44,000 $93,080
2020 $2,449 $129,570 $40,000 $89,570
2019 $2,571 $131,240 $40,000 $91,240
2018 $640 $59,300 $0 $0
2017 $648 $58,090 $0 $0
2016 $671 $56,900 $24,000 $32,900
2015 $685 $56,510 $16,850 $39,660
2014 $679 $56,070 $15,390 $40,680
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 867296

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 27-37-20-75-0000H.0-0015.00