$1,050,000
Melbourne, FL 32935
MLS# 836687
Status: Closed
7687 sqft
1 / 19
Property Description
This is the Historic Ballard House in Eau Gallie near the Arts District. The original large home was subdivided into an owner's unit and 6 rental units in the 1950's. The units have been variously used as private apartments for family and friends of the owner and have now been rented for over 10 years. The owner's unit has never been leased. All of the tenants have been very long term and have had few rent increases to keep up with the market. Shorter term rentals and leasing the owner's unit could add significantly to the income. All units except one have Indian River views. Please do not disturb the tenants. Property is also listed as a residential home, MLS # 834478
Details
Maps
Location, Tax, and Legal
Tax Account: 2724744
Parcel Number: 27-37-21-04-00000.0-0004.00
General County Location: South
Elementary School: Creel
Middle School: Johnson
High School: Eau Gallie
Tax Annual Amount: 14076.1
Tax Year: 2018
Tax Legal Description: SUNNY POINT SUBD PART OF LOT 4 AS DESC IN ORB 2906 PG 2637
Directions: From Eau Gallie Boulevard and Highland Avenue-South on Highland until it dead ends into Young Street. East on Young Street to Sunny Point Drive, south on Sunny Point Drive. House is on the end.
General Property Information
Number Of Units Total: 7
Living Area: 7687
Living Area Source: Public Records
Building Area Total: 7687
Lot Size Acres: 1.08
Lot Size Square Feet: 47045
Association YN: No
Garage YN: Yes
Garage Spaces: 3
Carport YN: No
Carport Spaces: 0
Waterfront YN: Yes
Water Body Name: Indian River
Water Frontage Feet: 3
Senior Community YN: No
Water Body Access YN: No
Pool Private YN: No
List Price/SqFt: 149.6
Sold Price/SqFt: 136.59
Year Built: 1916
Remarks and Miscellaneous
Public Remarks: This is the Historic Ballard House in Eau Gallie near the Arts District. The original large home was subdivided into an owner's unit and 6 rental units in the 1950's. The units have been variously used as private apartments for family and friends of the owner and have now been rented for over 10 years. The owner's unit has never been leased. All of the tenants have been very long term and have had few rent increases to keep up with the market. Shorter term rentals and leasing the owner's unit could add significantly to the income. All units except one have Indian River views.
Please do not disturb the tenants. Property is also listed as a residential home, MLS # 834478
Appliances
Dishwasher: 1
Dryer: 1
Electric Range: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Association Amenities
Management - Live In: 1
Closing Company Details
Closing Company Name: Alliance Title
Closing Company Address: 10 S Harbor City Blvd Melbourne, Fl 32901
Construction Materials
Frame: 1
Wood Siding: 1
Cooling
Central Air: 1
Electric: 1
Zoned: 1
Flooring
Carpet: 1
Tile: 1
Vinyl: 1
Wood: 1
Laundry Features
Electric Dryer Hookup: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Cul-De-Sac: 1
Dead End Street: 1
Historic Area: 1
Irregular Lot: 1
Wooded: 1
Parking Features
Detached: 1
Garage Door Opener: 1
Pool Features
None: 1
Possession
Close Of Escrow: 1
Income and Expenses
Gross Income: 0
Gross Scheduled Income: 46200
Net Operating Income: 11000
Operating Expense: 11000
Owner Pays
Electricity: 1
Exterior Maintenance: 1
Grounds Care: 1
Insurance: 1
Pest Control: 1
Repairs: 1
Sewer: 1
Taxes: 1
Trash Collection: 1
Water: 1
Other: 1
Road Surface Type
Paved: 1
Roof
Shingle: 1
Special Listing Conditions
Standard: 1
Utilities
Electricity Available: 1
Electricity Connected: 1
Sewer Available: 1
Sewer Connected: 1
Water Available: 1
Propane: 1
Water Source
Public: 1
Waterfront Features
River Front: 1
Showing Requirements
Appointment Only: 1
Showing Considerations
Occupied: 1
Historical Information
Public Historical Remarks 3: Contact: List Agent, Source-Broker: Y, Expenses Include-License Permits: Y, Utilities-Common Heat & Air: Y, Style-Converted Property: Y, Number of Buildings: 1 Building
Contract Information
Current Price: $1,050,000
Original List Price: 1250000
Sold Price: $1,050,000
Status: Closed
Listing Contract Date: 2019-02-11
Property Sub Type: Multi Family
Location Tax and Legal
Street Number: 1121
Street Name: Sunny Point
Street Suffix: Drive
County: Brevard
State: FL
Postal Code: 32935
MLS Area Major: 323 - Eau Gallie
Status Change Information
Major Change Timestamp: 2023-11-11T03:45:03Z
Major Change Type: Price Reduced
Price Change Timestamp: 2019-02-27T14:33:06Z
Status Change Timestamp: 2019-06-26
Purchase Contract Date: 2019-04-15
Close Date: 2019-06-25
Close Price: 1050000
Property Features
Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer
Association Amenities: Management - Live In
Construction Materials: Frame; Wood Siding
Cooling: Central Air; Electric; Zoned
Flooring: Carpet; Tile; Vinyl; Wood
Laundry Features: Electric Dryer Hookup
Listing Terms: Cash; Conventional
Lot Features: Cul-De-Sac; Dead End Street; Historic Area; Irregular Lot; Wooded
Owner Pays: Electricity; Exterior Maintenance; Grounds Care; Insurance; Pest Control; Repairs; Sewer; Taxes; Trash Collection; Water; Other
Parking Features: Detached; Garage Door Opener
Pool Features: None
Possession: Close Of Escrow
Road Surface Type: Paved
Roof: Shingle
Special Listing Conditions: Standard
Utilities: Electricity Available; Electricity Connected; Sewer Available; Sewer Connected; Water Available; Propane
Water Source: Public
Waterfront Features: River Front
Showing Considerations: Occupied
Showing Requirements: Appointment Only
Listing Office: One Sotheby's International
Last Updated: October - 23 - 2024
Information is deemed to be reliable, but is not guaranteed.