NOT LISTED FOR SALE

117 Drake Way Sebastian, FL 32958

Sebastian Highlands Neighborhood

Estimated Value: $397,657 - $442,000

4 Beds
2 Baths
2,153 Sq Ft
$197/Sq Ft Est. Value

Last Sold April 04, 2012

Last sale price $130,000 $60 Per Sq Ft

Est. 227% increase in value since last sale

Current estimated payment $2,426/month

42 Days on Market

Highlights

  • Lake Front
  • In Ground Pool
  • Clubhouse
  • Treasure Coast Elementary School Rated 10
  • Home fronts a pond
  • Vaulted Ceiling

About This Home

As of April 2012

Short Sale. Immaculate lakefront home is picture perfect. This home has been impeccably maintained and will please your most discerning buyers. Easy to show.

Last Agent to Sell the Property

Laura Petersen

RE/MAX Crown Realty License #644023 Listed on: 09/29/2011

RE/MAX Crown Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,478

Year Built

  • Built in 2005

Lot Details

  • Lot Dimensions are 70 x 120
  • Home fronts a pond
  • Lake Front
  • West Facing Home

Parking

  • 2 Car Attached Garage

Home Design

  • Shingle Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,153 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Screened Porch

Kitchen

  • Electric Range
  • Microwave

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Additional Features

  • In Ground Pool
  • Central Heating and Cooling System

Listing and Financial Details

  • Short Sale
  • Assessor Parcel Number 313823000100000000580

Community Details

Overview

  • Property has a Home Owners Association
  • Maintained Community

Amenities

  • Clubhouse

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,478

Year Built

Built in 2005

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2005
  • Reso Property Sub Type: Single Family Residence
  • ResoLotFeatures: Other
  • Reso Association Amenities: Clubhouse, Maintenance Grounds
  • ResoSpecialListingConditions: Short Sale
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 313823000100000000580
  • Location Tax and Legal Tax Annual Amount: 1478.0
  • Location Tax and Legal Tax Year2: 2010
  • General Property Information Living Area2: 2153.0
  • General Property Information Building Area Total3: 2918.0
  • 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: West
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Flooring Laminate: Yes
  • Levels One: Yes
  • Pool Features In Ground: Yes
  • Association Amenities Maintenance Grounds2: Yes
  • Roof:Shingle: Yes
  • Flooring Carpet: Yes
  • General Property Information Carport YN2: No
  • General Property Information Lot Size Dimensions: 70 x 120
  • Special Listing Conditions Short Sale: Yes
  • Special Features: 12
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Ceiling Fan(s), Split Bedrooms, Vaulted Ceiling(s), Walk-In Closet(s)
  • Flooring: Carpet, Laminate
  • Appliances: Electric Range, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Total Bedrooms: 8
  • Appliances:Electric Range: Yes
  • Pool Features:Community: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Split Bedrooms: Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Interior Features:Walk-In Closet(s): Yes

Exterior Features

  • Pool Features: Community, In Ground
  • Roof: Shingle
  • Waterfront Features: Lake Front, Pond
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: West
  • Patio And Porch Features: Porch, Screened
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Screened: Yes
  • Waterfront Features:Lake Front: Yes
  • Waterfront Features:Pond2: Yes
  • Lot Features:Other21: Yes

Garage/Parking

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

Utilities

  • Cooling: Central Air, Electric
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 360.0
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 360.0
  • Association Amenities:Clubhouse: Yes

Lot Info

  • Lot Dimensions: 70 x 120
  • Additional Parcels Description: 31382300
  • Parcel #: 313823000100000000580

Tax Info

  • Tax Year: 2010
  • Tax Annual Amount: 1478.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2011
Closed on
Apr 3, 2012
Sold by
Zullo David A
Bought by
Lewis Edward J and Lewis Maria A
Seller's Agent
Laura Petersen
RE/MAX Crown Realty
List Price
$159,900
Sold Price
$130,000
Premium/Discount to List
-$29,900
-18.7%
Current Estimated Value
$425,164

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$295,164
Avg. Annual Appreciation
9.20%
Original Mortgage
$104,000
Outstanding Balance
$73,306
Interest Rate
3.97%
Mortgage Type
New Conventional
Estimated Equity
$352,617

Purchase Details

Closed on
Aug 31, 2011
Sold by
Zullo David and Zullo Annette
Bought by
Zullo David A

Purchase Details

Closed on
Dec 12, 2005
Sold by
Zullo David
Bought by
Zullo David and Zullo Annette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 9, 2005
Sold by
Baranello Lewis A and Rubin Richard M
Bought by
Zullo David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 6, 2005
Sold by
Adams Homes Of Northwest Florida Inc
Bought by
Baranello Lewis A and Rubin Richard M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
5.75%
Mortgage Type
Fannie Mae Freddie Mac
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
Lewis Edward J $130,000 Professional Title
Zullo David A -- Attorney
Zullo David -- Alday Donalson Title Agencie
Zullo David $300,000 Alday Donalson Title Agencie
Baranello Lewis A $197,400 Alliance Title Of East Coast
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lewis Edward J $104,000
Previous Owner Zullo David $220,000
Previous Owner Baranello Lewis A $187,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2012 04/04/12 Sold $130,000 -18.7% $60 / Sq Ft
11/05/2011 11/05/11 Pending -- -- --
09/24/2011 09/24/11 For Sale $159,900 -- $74 / 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
2024 $2,166 $168,193 -- --
2023 $2,166 $158,691 $0 $0
2022 $2,067 $154,069 $0 $0
2021 $2,052 $149,581 $0 $0
2020 $2,048 $147,516 $0 $0
2019 $2,015 $144,200 $0 $0
2018 $2,017 $141,511 $0 $0
2017 $1,950 $138,601 $0 $0
2016 $1,952 $135,750 $0 $0
2015 $2,012 $134,810 $0 $0
2014 $1,965 $134,410 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2012

    Laura Petersen

    RE/MAX

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Map

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

MLS Number: 625174

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 31-38-23-00010-0000-00058.0

Florida Indian River County Sebastian 32958 Sebastian Highlands

117 Drake Way, Sebastian, FL

This home is located at 117 Drake Way, Sebastian, FL 32958 since 29 September 2011 and is currently estimated at $425,164, approximately $197 per square foot. This property was built in 2005. 117 Drake Way is a home located in Indian River County with nearby schools including Treasure Coast Elementary School, Sebastian River Middle School, and Sebastian River High School.

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.

Space Coast MLS (Space Coast Association of REALTORS®) 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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