$640,000
SOLD APR 23, 2019
5 Beds
4.5 Baths
5,331 Sq Ft
1.17 Acres

Recently Sold

$120 Per Sq Ft

57% Below List Price

43 Days on Market

Highlights

  • Ocean Front
  • 1.17 Acre Lot
  • 1 Fireplace
  • Gemini Elementary School Rated A-
  • Marble Flooring
  • High Ceiling

About This Home

As of March 2020

Short Sell, 3 story home, needs to be completed, great ocean view lots of potential.

Last Agent to Sell the Property

Peggy Brown

One Sotheby's Int'l Realty License #3113442 Listed on: 02/08/2019

One Sotheby's Int'l Realty

Last Buyer's Agent

Peggy Brown

One Sotheby's Int'l Realty License #3113442 Listed on: 02/08/2019

One Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2011

Lot Details

  • 1.17 Acre Lot
  • Lot Dimensions are 100x510
  • Ocean Front
  • West Facing Home

Parking

  • 4 Car Garage

Home Design

  • Tile Roof

Interior Spaces

  • 3-Story Property
  • High Ceiling
  • 1 Fireplace
  • Sliding Doors
  • Ocean Views
  • Laundry in unit

Flooring

  • Laminate
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms

Outdoor Features

  • Free Form Pool
  • Property has ocean access
  • Balcony

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 303906005051

Home Details

Home Type

Single Family

Year Built

Built in 2011

Lot Details

0

Parking

4

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Lot Size Acres: 1.17
  • Lot Size: 100x510
  • Road Surface Type: Paved
  • Ownership: Single Family/Other
  • Subdivision Name: Other
  • Directions: From Melbourne causeway go east to south A1A Melbourne beach turn south.
  • Architectural Style: Three Story
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 3
  • Year Built: 2011
  • Property Sub Type Additional: Detached
  • Attribution Contact: 772-222-5215
  • Special Features: 12
  • Stories: 3

Interior Features

  • Furnished: Unfurnished
  • Appliances: None
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: Sliding Doors
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Laminate, Marble
  • Interior Amenities: High Ceilings
  • Stories: 3
  • Window Features: None

Exterior Features

  • Lot Features: 1-3 Acres
  • Pool Features: Free Form, Other, Pool
  • View: Ocean
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes
  • Construction Type: Block, Concrete
  • Direction Faces: West
  • Exterior Features: Balcony
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 4.0

Utilities

  • Laundry Features: In Unit
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 303906005051
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 23623.0
  • Tax Lot: 3
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2020
Closed on
Mar 26, 2020
Sold by
Kzorsas Llc
Bought by
Davis Samantha Brooke
Seller's Agent
Gibbs Baum
One Sotheby's International
Buyer's Agent
Gibbs Baum
One Sotheby's International
List Price
$2,800,000
Sold Price
$2,500,000
Premium/Discount to List
-$300,000
-10.71%
Current Estimated Value
$4,442,795

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,942,795
Avg. Annual Appreciation
10.98%

Purchase Details

Listed on
Feb 8, 2019
Closed on
Apr 24, 2019
Sold by
Morris Kenneth L and Morris Kathy M
Bought by
K2orsas Llc
Seller's Agent
Peggy Brown
One Sotheby's Int'l Realty
Buyer's Agent
Peggy Brown
One Sotheby's Int'l Realty
List Price
$1,500,000
Sold Price
$640,000
Premium/Discount to List
-$860,000
-57.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
332.81%
Original Mortgage
$575,990
Interest Rate
4.2%
Mortgage Type
Construction

Purchase Details

Listed on
Feb 8, 2019
Closed on
Apr 22, 2019
Sold by
Lumb Wilfred E
Bought by
Morris Kenneth L and Morris Kathy M
Seller's Agent
Peggy Brown
One Sotheby's Int'l Realty
Buyer's Agent
Peggy Brown
One Sotheby's Int'l Realty
List Price
$1,500,000
Sold Price
$640,000
Premium/Discount to List
-$860,000
-57.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,990
Interest Rate
4.2%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 17, 2003
Sold by
Lumb Wilfred E
Bought by
Lumb Wilfred E and Lumb Sandra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,535,000
Interest Rate
8%

Purchase Details

Closed on
Mar 13, 2002
Sold by
Lumb Sandra L
Bought by
Lumb Wilfred E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
6.86%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Warranty Deed -- None Available
Quit Claim Deed -- Attorney
Warranty Deed $640,000 Harbor Title & Escrow Inc
Warranty Deed -- --
Quit Claim Deed -- --
Warranty Deed $550,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $575,990 Construction
Previous Owner $1,535,000 No Value Available
Previous Owner $385,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2020 03/27/20 Sold $2,500,000 -10.7% $469 / Sq Ft
03/23/2020 03/23/20 Pending -- -- --
01/03/2020 01/03/20 For Sale $2,800,000 +337.5% $525 / Sq Ft
04/23/2019 04/23/19 Sold $640,000 -57.3% $120 / Sq Ft
03/24/2019 03/24/19 Pending -- -- --
02/08/2019 02/08/19 For Sale $1,500,000 -- $281 / Sq Ft
Source: REALTORS® Association of Indian River County

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 $37,228 $3,482,540 -- --
2024 $36,476 $3,476,810 -- --
2023 $36,476 $3,463,730 $1,632,400 $1,831,330
2022 $30,115 $2,935,880 $0 $0
2021 $25,586 $1,932,590 $757,900 $1,174,690
2020 $21,732 $1,597,070 $600,000 $997,070
2019 $22,269 $1,589,880 $600,000 $989,880
2018 $23,692 $1,646,580 $600,000 $1,046,580
2017 $23,623 $1,572,130 $600,000 $972,130
2016 $23,576 $1,495,590 $600,000 $895,590
2015 $22,989 $1,360,820 $600,000 $760,820
2014 $21,677 $1,237,110 $600,000 $637,110
Source: Public Records

Agents Affiliated with this Home

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Source: REALTORS® Association of Indian River County

MLS Number: 215587

APN: 30-39-06-00-00505.1-0000.00