Seller's Agent in 2022
Rhonda Pavone
RE/MAX Aerospace Realty
(321) 427-0887
73 Total Sales
840 Adger Smith Ln Melbourne, FL 32935
Estimated Value: $312,000 - $734,000
Studio
4
Baths
2,666
Sq Ft
$195/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
- 23,958 Sq Ft 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 22, 2024
Sold by
Bought by
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
-$31,703
Purchase Details
Closed on
Jul 26, 2012
Sold by
Bought by
Purchase Details
Closed on
Dec 28, 2009
Sold by
Bought by
Purchase Details
Closed on
Dec 20, 2004
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $100 | East Coast Title | ||
| $12,599 | None Available | ||
| $105,000 | None Available | ||
| $350,000 | Alliance Title Brevard Llc |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $560,000 | ||
| Closed | $0 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
30 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.
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