NOT LISTED FOR SALE

1125 Faulkingham Rd Merritt Island, FL 32952

Estimated Value: $1,152,000 - $1,391,000

4 Beds
3 Baths
3,045 Sq Ft
$425/Sq Ft Est. Value

Last Sold August 08, 2018

Last sale price $790,000 $259 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $7,469/month

32 Days on Market

Highlights

  • Boat Dock
  • In Ground Pool
  • Open Floorplan
  • Home fronts a seawall
  • 0.45 Acre Lot
  • Deck

About This Home

As of August 2018

The street ends into the winding pavered driveway surrounded by lush landscaping and as you cross the large covered front porch into this amazing home, you are invited into an environment entirely designed for relaxation, enjoyment and entertainment. One feels immediately compelled to pull up a seat at the oversized granite island in this open concept kitchen with expansive water views to watch the dolphins, manatees and other wildlife frolicking about Newfound Harbor. This lovely 3,045 sqft waterfront estate with pool sits on nearly 1⁄2 acre, featuring 4 bedrooms and 3 full bathrooms. Kitchen features custom all-wood, ceiling height cabinetry with lower cabinet and double trash pull-outs, granite countertops, wet bar, built-in wine racks and so much more. This one-of-a-kind kitchen has stainless steel appliances including an oversized Thermador oven and a five-burner range top. With abundant counter space, this is truly a chef's dream. Step down to the family room which boasts surround sound, fireplace and painted brick wall. Sliders open onto a stunning 1844 sqft Azek deck which is wired with six outdoor speakers; 2 additional speakers are wired at the dock. Open the remote- controlled canopy before you walk across this deck and step down to the free form, self-cleaning salt water pool surrounded by beautiful pavers. You will feel like you are at a resort and are now ready to view those incredible sunsets over the water. Open the umbrellas, turn on the music and you'll be looking for the "Cabana Boy" to bring your towels and cocktails!! Covered boat house and dock have seated bar, refrigerator, water and electric. Return inside to double doors leading to the oversized master suite which offers complete privacy as it is its own wing of the house. Architectural details abound including vaulted ceilings and four outfitted closets (Ladies, finally a shoe closet of your very own!) Master bath has dual vanities, custom cabinetry, stone countertops, a walk-in shower and a separate toilet area. Double sliders lead out to deck and pool sundeck from here as well. With the exception of original bath and wood flooring on the 2nd level, this home was completely rebuilt in 2008 with all new electric, dual-zoned A/C, impact resistant windows, walls, doors and roof. Additionally, the house has been plumbed and wired for a generator;Propane was installed for cooktop, on-demand water heater and barbecue, and you will find Plantation shutters throughout much of the house. All wood staircase leads to two guest bedrooms and full bath upstairs. Ground floor fourth bedroom serves as an office with custom designed desk. Pool built in 2015, seawall redone summer 2016, interior utility room, 2-car garage with built in storage and access to attic. With easy approach to open water on Banana River, this quiet, riverfront street is in the perfect area for boating, kayaking, paddle-boarding or biking. MUST SEE TODAY!

Last Agent to Sell the Property

Lisa Clough

Dale Sorensen Real Estate Inc. Listed on: 06/01/2018

Last Buyer's Agent

Adam Sortman

Blue Marlin Real Estate License #3384148

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,523

Year Built

  • Built in 2008

Lot Details

  • 0.45 Acre Lot
  • Home fronts a seawall
  • River Front
  • Street terminates at a dead end
  • East Facing Home
  • Vinyl Fence
  • Front and Back Yard Sprinklers

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Property Views

  • Water
  • Pool

Home Design

  • Frame Construction
  • Shingle Roof
  • Wood Siding
  • Asphalt

Interior Spaces

  • 3,045 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wet Bar
  • Built-In Features
  • Vaulted Ceiling
  • Ceiling Fan
  • Fireplace
  • Family Room
  • Dining Room
  • Washer and Gas Dryer Hookup

Kitchen

  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Dual Closets
  • Walk-In Closet
  • 3 Full Bathrooms
  • Bathtub and Shower Combination in Primary Bathroom

Pool

  • In Ground Pool
  • Saltwater Pool

Outdoor Features

  • Deck
  • Porch

Schools

  • Tropical Elementary School
  • Jefferson Middle School
  • Merritt Island High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Propane
  • Well
  • Gas Water Heater
  • Aerobic Septic System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 25-37-06-Cx-00000.0-0010.11

Community Details

Overview

  • No Home Owners Association
  • Banana River Drive Subd Subdivision

Recreation

  • Boat Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,523

Year Built

Built in 2008

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2008
  • Reso Property Sub Type: Single Family Residence
  • ResoLaundryFeatures: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
  • ResoLotFeatures: Dead End Street, Sprinklers In Front, Sprinklers In Rear
  • Road Surface Type: Asphalt
  • Reso View: Pool, Water
  • Water Body Name: Newfound Harbor
  • Reso Association Amenities: Boat Dock
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Banana River Drive Subd
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 25-37-06-Cx-00000.0-0010.11
  • Location Tax and Legal Elementary School: Tropical
  • Location Tax and Legal Middle School2: Jefferson
  • Location Tax and Legal High School: Merritt Island
  • Location Tax and Legal Tax Annual Amount: 5523.21
  • Location Tax and Legal Tax Year2: 2017
  • General Property Information Living Area2: 3045.0
  • General Property Information Building Area Total3: 3573.0
  • General Property Information Lot Size Acres: 0.45
  • General Property Information Lot Size Square Feet2: 19602.0
  • 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
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Fencing Fenced2: Yes
  • Flooring Tile: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • Flooring Wood: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Pool Features In Ground: Yes
  • Pool Features Private: Yes
  • Lot Features Dead End Street: Yes
  • Road Surface Type Asphalt: Yes
  • Roof:Shingle: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • View Pool: Yes
  • Flooring Carpet: Yes
  • Levels Two: Yes
  • Water Source Well: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • View Water3: Yes
  • Room Types Dining Room: Yes
  • Cooling Zoned: Yes
  • Room Types Family Room: Yes
  • Pool Features Salt Water: Yes
  • Utilities Propane3: Yes
  • Fencing Vinyl2: Yes
  • Sewer Aerobic Septic: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Built-in Features, Ceiling Fan(s), His and Hers Closets, Kitchen Island, Open Floorplan, Primary Bathroom - Tub with Shower, Primary Downstairs, Split Bedrooms, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar
  • Flooring: Carpet, Tile, Wood
  • Appliances: Dishwasher, Disposal, Gas Range, Gas Water Heater, Ice Maker, Microwave
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Other
  • ResoLivingAreaSource: Other
  • Appliances Dishwasher: Yes
  • Interior Features:Primary Downstairs: Yes
  • Appliances:Gas Range: Yes
  • Interior Features:Open Floorplan: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Built-in Features: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Kitchen Island: Yes
  • Interior Features:Split Bedrooms: Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:His and Hers Closets: Yes
  • Interior Features:Wet Bar: Yes
  • Appliances:Gas Water Heater: Yes

Exterior Features

  • Pool Features: In Ground, Private, Salt Water, Other
  • Roof: Shingle
  • Fencing: Fenced, Vinyl
  • Acres: 0.45
  • Waterfront Features: River Front, Seawall
  • Waterfront: Yes
  • Construction Type: Fiber Cement, Frame, Wood Siding, Other
  • Direction Faces: East
  • Patio And Porch Features: Deck, Porch
  • Patio And Porch Features:Deck: Yes
  • Patio and Porch Features:Porch: Yes
  • Construction Materials:Frame: Yes
  • Construction Materials:Wood Siding: Yes
  • Lot Features:Sprinklers in Front: Yes
  • Lot Features:Sprinklers In Rear: Yes
  • Construction Materials:Other15: Yes
  • Waterfront Features:Seawall: Yes
  • Construction Materials:Fiber Cement: Yes
  • Waterfront Features:River Front: 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: Central Air, Electric, Zoned
  • Utilities: Cable Available, Electricity Connected, Water Available, Propane
  • Heating: Central, Zoned
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Well
  • Heating:Central: Yes
  • Heating:Zoned2: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No
  • Association Amenities:Boat Dock: Yes

Schools

  • Middle Or Junior School: Jefferson

Lot Info

  • Lot Size Sq Ft: 19602.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 25-37-06-Cx-00000.0-0010.11
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 5523.21

MLS Schools

  • Elementary School: Tropical
  • High School: Merritt Island

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2018
Closed on
Aug 8, 2018
Sold by
Schoen Steven R and Schoen Susanne C
Bought by
Alward Wayne W
Seller's Agent
Lisa Clough
Dale Sorensen Real Estate Inc.
Buyer's Agent
Adam Sortman
Blue Marlin Real Estate
List Price
$825,000
Sold Price
$790,000
Premium/Discount to List
-$35,000
-4.24%
Current Estimated Value
$1,292,784

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$502,784
Avg. Annual Appreciation
7.06%
Original Mortgage
$632,000
Outstanding Balance
$548,866
Interest Rate
4.5%
Estimated Equity
$743,918

Purchase Details

Closed on
Mar 21, 2008
Sold by
Olton Nita
Bought by
Schoen Steven R and Schoen Susanne C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.68%

Purchase Details

Closed on
Apr 10, 2006
Sold by
Olton Barry S and Olton Nita
Bought by
Olton Barry S and Olton Nita
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
Alward Wayne W $790,000 International Title And Escr
Schoen Steven R $539,000 Professional Title & Closing
Olton Barry S $132,500 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alward Wayne W $632,000
Previous Owner Schoen Steven R $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/08/2018 08/08/18 Sold $790,000 -4.2% $259 / Sq Ft
07/04/2018 07/04/18 Pending -- -- --
06/01/2018 06/01/18 For Sale $825,000 -- $271 / 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 $8,265 $687,910 -- --
2024 $8,228 $668,530 -- --
2023 $8,228 $649,060 $0 $0
2022 $7,704 $630,160 $0 $0
2021 $8,156 $611,810 $0 $0
2020 $8,154 $603,370 $265,100 $338,270
2019 $8,413 $608,570 $265,100 $343,470
2018 $5,441 $383,790 $0 $0
2017 $5,523 $375,900 $0 $0
2016 $5,640 $368,170 $255,100 $113,070
2015 $5,826 $365,620 $234,250 $131,370
2014 $5,636 $348,250 $234,250 $114,000
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 815321

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 25-37-06-CX-00000.0-0010.11