Seller's Agent in 2022
Rhonda Pavone
RE/MAX
(321) 427-0887
18 in this area
87 Total Sales
840 Adger Smith Ln Melbourne, FL 32935
Estimated Value: $394,000 - $817,000
--
Bed
4
Baths
2,666
Sq Ft
$210/Sq Ft
Est. Value
Highlights
- 0.55 Acre Lot
- Cooling System Mounted To A Wall/Window
- 1-Story Property
- No HOA
- Tile Flooring
- Wood Siding
About This Home
As of December 2022Great Investment Opportunity. Single Story CBS Triplex and Frame Duplex (5 Rentable Units) in Melbourne, just across the street from the River. Units are currently rented month to month. There are Four 1 Bedroom 1 Bath and One 2 Bedroom 1 Bath. Triplex has 1754 liv. sqft and the duplex has 912 liv. sqft. All units are not identical. This is a fixer upper, Triplex has central AC (10yrs old), Duplex has AC wall units, flat older membrane roof. Landlord pays water 1 meter, tenants pay electric on separate meters. Currently rent is between $600 - $800. Property has lots of potential for long term tenants or Airbnb. Zoned multi-family but close to businesses that it could be low-e commercial. Close to Eau Gallie Cswy, Beaches and Restaurants. Cash Only, No hard money loan.
Last Agent to Sell the Property
RE/MAX Aerospace Realty License #3201909 Listed on: 11/01/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,634
Year Built
- Built in 1923
Lot Details
- 0.55 Acre Lot
Home Design
- Duplex
- Frame Construction
- Membrane Roofing
- Wood Siding
- Concrete Siding
- Block Exterior
- Stucco
Interior Spaces
- 2,666 Sq Ft Home
- 1-Story Property
- Tile Flooring
- Electric Range
Parking
- 5 Open Parking Spaces
- 5 Parking Spaces
Schools
- Harbor City Elementary School
- Hoover Middle School
- Melbourne High School
Utilities
- Cooling System Mounted To A Wall/Window
- Central Air
- Cable TV Available
Listing and Financial Details
- The owner pays for tax, sewer, taxes, water
- Assessor Parcel Number 27-37-21-50-0000b.0-0024.00
Community Details
Overview
- No Home Owners Association
- 5 Units
Building Details
- Operating Expense $5,528
- Gross Income $40,440
- Net Operating Income $34,912
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 22, 2024
Sold by
Maynard Mark D and Maynard Mark D
Bought by
Mdmj Landholding Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Outstanding Balance
$550,703
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$8,964
Purchase Details
Closed on
Jul 26, 2012
Sold by
County Of Brevard
Bought by
Sims Patricia
Purchase Details
Closed on
Dec 28, 2009
Sold by
Sonovich David
Bought by
Holland Richard
Purchase Details
Closed on
Dec 20, 2004
Sold by
Poinsettia Properties
Bought by
Renaissance Renovations Llc
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 |
|---|---|---|---|
| Mdmj Landholding Llc | $100 | East Coast Title | |
| Sims Patricia | $12,599 | None Available | |
| Holland Richard | $105,000 | None Available | |
| Renaissance Renovations Llc | $350,000 | Alliance Title Brevard Llc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mdmj Landholding Llc | $560,000 | |
| Closed | Renaissance Renovations Llc | $0 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/06/2022 12/06/22 | Sold | $300,000 | -14.3% | $113 / Sq Ft |
| 11/02/2022 11/02/22 | Pending | -- | -- | -- |
| 11/01/2022 11/01/22 | Price Changed | $350,000 | 0.0% | $131 / Sq Ft |
| 11/01/2022 11/01/22 | For Sale | $350,000 | -12.3% | $131 / Sq Ft |
| 08/15/2022 08/15/22 | Pending | -- | -- | -- |
| 07/06/2022 07/06/22 | Price Changed | $399,000 | -6.1% | $150 / Sq Ft |
| 06/02/2022 06/02/22 | For Sale | $425,000 | 0.0% | $159 / Sq Ft |
| 05/26/2022 05/26/22 | Pending | -- | -- | -- |
| 05/06/2022 05/06/22 | For Sale | $425,000 | -- | $159 / Sq Ft |
Source: Space Coast MLS (Space Coast Association of REALTORS®)
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 |
|---|---|---|---|---|
| 2025 | $7,613 | $492,000 | -- | -- |
| 2024 | $4,736 | $492,000 | -- | -- |
| 2023 | $4,736 | $246,000 | $125,000 | $121,000 |
| 2022 | $2,790 | $146,270 | $0 | $0 |
| 2021 | $2,634 | $127,430 | $62,500 | $64,930 |
| 2020 | $2,601 | $124,900 | $62,500 | $62,400 |
| 2019 | $2,735 | $127,390 | $62,500 | $64,890 |
| 2018 | $2,739 | $126,970 | $62,500 | $64,470 |
| 2017 | $2,617 | $120,710 | $62,500 | $58,210 |
| 2016 | $2,513 | $107,530 | $50,310 | $57,220 |
| 2015 | $2,339 | $93,170 | $50,310 | $42,860 |
| 2014 | $2,199 | $87,200 | $50,310 | $36,890 |
Source: Public Records
Agents Affiliated with this Home
-
Rhonda Pavone
-
Rick Caplin
Buyer's Agent in 2022
Rick Caplin
RE/MAX
(321) 258-5890
15 in this area
35 Total Sales
Map
Source: Space Coast MLS (Space Coast Association of REALTORS®)
MLS Number: 933941
APN: 27-37-21-50-0000B.0-0024.00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Nearby Homes
- 905 N Harbor City Blvd Unit 303
- 905 N Harbor City Blvd Unit 403
- 913 Paddleboard Ct
- 973 N Harbor City Blvd
- 750 W Whitmire Dr
- 819 W Whitmire Dr
- 877 Sunset Dr
- 940 W Whitmire Dr
- 1173 Rivermont Dr
- 581 Hillside Ct
- 1445 Windchime Ln
- 1228 Azalea Ct E
- 1001 W Eau Gallie Blvd Unit 205
- 1001 W Eau Gallie Blvd Unit 229
- 1001 W Eau Gallie Blvd Unit 203
- 693 Orange Blossom Dr
- 703 Shady Ln
- 820 Paddleboard Ct
- 446 Coral Dr
- 540 Poinciana Ct
- 840 Adger Smith Ln Unit B
- 880 Adger Smith Ln
- 0 Adger Smith Ln Unit 518626
- 843 Adger Smith Ln
- 817 Torrence St
- 816 Adger Smith Ln
- 825 Torrence Ln
- 0000 Torrence Ln
- 0000 Torrence St
- 841 Sarno Rd
- 833 Sarno Rd
- 849 Sarno Rd
- 888 Adger Smith Ln
- 873 Adger Smith Ln
- 872 Torrence St
- 881 Sarno Rd Unit 881
- 881 Sarno Rd
- 881 Sarno Rd Unit 881 & 889
- 880 N Harbor City Blvd
- 889 889 & 881 Sarno Rd