NOT LISTED FOR SALE

1040 Olde Bailey Ln Melbourne, FL 32904

Estimated Value: $465,000 - $483,000

4 Beds
3 Baths
2,766 Sq Ft
$172/Sq Ft Est. Value

Last Sold October 09, 2012

Last sale price $145,000 $52 Per Sq Ft

Est. 227% increase in value since last sale

Current estimated payment $2,758/month

9 Days on Market

Highlights

  • Lake Front
  • Home fronts a pond
  • Loft
  • Melbourne Senior High School Rated A-
  • Open Floorplan
  • Screened Porch

About This Home

As of October 2012

Short Sale. MAKE OFFER! Home needs some repairs and some elbow grease. This 1 owner former model home has over 2700 sq. feet. Den and full bath downstairs and 4 bedrooms, 2 baths and large loft upstairs. Laundry room is upstairs for total convenience. Master bath has double sinks and soaking tub. Kitchen has Corian counter tops and is open to the family room that looks out on the lake. Home is conveniently located across from the community pool. THIS is the DEAL you have been waiting for!!

Last Agent to Sell the Property

Anne Humphreys

EXIT 1st Class Realty License #3229181ww Listed on: 01/11/2012

Last Buyer's Agent

Dave Silver

Virtual Access Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,145

Year Built

  • Built in 2001

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 120 x 50
  • Home fronts a pond
  • Lake Front
  • East Facing Home

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Frame Construction
  • Shingle Roof
  • Wood Siding
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,766 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Family Room
  • Living Room
  • Dining Room
  • Loft
  • Screened Porch
  • Water Views

Kitchen

  • Breakfast Bar
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Security System Owned
  • Hurricane or Storm Shutters

Outdoor Features

  • Patio

Schools

  • Meadowlane Elementary School
  • Central Middle School
  • Melbourne High School

Utilities

  • Cooling Available
  • Heating Available
  • Cable TV Available

Listing and Financial Details

  • Short Sale
  • Assessor Parcel Number 28371801000000014000

Community Details

Overview

  • Property has a Home Owners Association
  • Stratford Pointe Phase 1 Subdivision
  • Maintained Community

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,145

Year Built

Built in 2001

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2001
  • Reso Property Sub Type: Single Family Residence
  • ResoLaundryFeatures: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
  • Reso View: Water
  • ResoSecurityFeatures: Security System Owned
  • Reso Association Amenities: Maintenance Grounds
  • ResoSpecialListingConditions: Short Sale
  • Subdivision Name: Stratford Pointe Phase 1
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 28371801000000014000
  • Location Tax and Legal Elementary School: Meadowlane
  • Location Tax and Legal Middle School2: Central
  • Location Tax and Legal High School: Melbourne
  • Location Tax and Legal Tax Annual Amount: 2145.38
  • Location Tax and Legal Tax Year2: 2011
  • General Property Information Living Area2: 2766.0
  • General Property Information Lot Size Acres: 0.14
  • General Property Information Lot Size Square Feet2: 6098.4
  • General Property Information New Construction YN: No
  • General Property Information Waterfront YN: Yes
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: East
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling:Electric: Yes
  • Flooring Laminate: Yes
  • Flooring Tile: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Association Amenities Maintenance Grounds2: Yes
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Flooring Carpet: Yes
  • Levels Two: Yes
  • Interior Features Primary Bathroom -Tub with Separate Shower: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • View Water3: Yes
  • Room Types Dining Room: Yes
  • Security Features Security System Owned: Yes
  • Room Types Family Room: Yes
  • Room Types Laundry: Yes
  • Room Types Living Room: Yes
  • General Property Information Lot Size Dimensions: 120 x 50
  • Room Types Loft: Yes
  • Special Listing Conditions Short Sale: Yes
  • Special Features: 12
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), Open Floorplan, Primary Bathroom - Tub with Shower, Primary Bathroom -Tub with Separate Shower, Walk-In Closet(s)
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Dishwasher, Disposal, Electric Range, Ice Maker, Microwave, Refrigerator
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • ResoLivingAreaSource: Other
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Open Floorplan: Yes
  • Pool Features:Community: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Breakfast Bar: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Walk-In Closet(s): Yes

Exterior Features

  • Exterior Features: Storm Shutters
  • Pool Features: Community
  • Roof: Shingle
  • Acres: 0.14
  • Waterfront Features: Lake Front, Pond
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Frame, Stucco, Wood Siding
  • Direction Faces: East
  • Patio And Porch Features: Patio, Porch, Screened
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Screened: Yes
  • Exterior Features:Storm Shutters: Yes
  • Construction Materials:Frame: Yes
  • Construction Materials:Wood Siding: Yes
  • Waterfront Features:Lake Front: Yes
  • Waterfront Features:Pond2: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage Door Opener
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Attached: Yes
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Cooling: Electric
  • Utilities: Cable Available, Water Available
  • Heating: Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 300.0
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 300.0

Schools

  • Middle Or Junior School: Central

Lot Info

  • Lot Dimensions: 120 x 50
  • Lot Size Sq Ft: 6098.4
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2858359
  • Parcel #: 28371801000000014000
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2011
  • Tax Annual Amount: 2145.38

MLS Schools

  • Elementary School: Meadowlane
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2012
Closed on
Oct 9, 2012
Sold by
Bassile Daniel J and Bassile Tamny J
Bought by
Edgar Amy K and Yackel Gary M
Seller's Agent
Anne Humphreys
EXIT 1st Class Realty
Buyer's Agent
Dave Silver
Virtual Access Realty, LLC
List Price
$169,900
Sold Price
$145,000
Premium/Discount to List
-$24,900
-14.66%
Current Estimated Value
$474,512

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$329,512
Avg. Annual Appreciation
9.54%
Original Mortgage
$141,324
Outstanding Balance
$98,460
Interest Rate
3.64%
Estimated Equity
$376,052

Purchase Details

Closed on
Apr 30, 2003
Sold by
G M A C Model Home Fin Inc
Bought by
Bassile Daniel J and Bassile Tammy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,700
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 24, 2001
Sold by
Mercedes Homes Inc
Bought by
G M A C Model Home Fin Inc

Purchase Details

Closed on
Feb 16, 2001
Sold by
Stratford Dev Co
Bought by
Mercedes Homes Inc
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 Buyer Sale Price Title Company
Edgar Amy K $145,000 Attorney
Bassile Daniel J $202,000 --
G M A C Model Home Fin Inc $148,800 --
Mercedes Homes Inc $25,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Edgar Amy K $141,324
Previous Owner Bassile Daniel J $171,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/09/2012 10/09/12 Sold $145,000 -14.7% $52 / Sq Ft
01/18/2012 01/18/12 Pending -- -- --
01/09/2012 01/09/12 For Sale $169,900 -- $61 / 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 $2,898 $224,300 -- --
2024 $2,851 $217,980 -- --
2023 $2,851 $211,640 $0 $0
2022 $2,663 $205,480 $0 $0
2021 $2,779 $199,500 $0 $0
2020 $2,701 $196,750 $0 $0
2019 $2,705 $192,330 $0 $0
2018 $2,706 $188,750 $0 $0
2017 $2,681 $184,870 $0 $0
2016 $2,716 $181,070 $27,500 $153,570
2015 $2,577 $167,490 $27,500 $139,990
2014 $2,578 $166,170 $22,000 $144,170
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 631556

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-37-18-01-00000.0-0140.00