NOT LISTED FOR SALE

118 Cove Loop Dr Merritt Island, FL 32953

Estimated Value: $499,463 - $534,000

4 Beds
2 Baths
2,024 Sq Ft
$254/Sq Ft Est. Value

Last Sold January 19, 2021

Last sale price $360,000 $178 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $3,137/month

62 Days on Market

Highlights

  • City View
  • Open Floorplan
  • Great Room
  • Lewis Carroll Elementary School Rated A-
  • Vaulted Ceiling
  • Tennis Courts

About This Home

As of January 2021

Well Maintained split 4 bed/2 bath open concept home with high ceilings in desirable Sykes Cove in Merritt Island minutes away from Port Canaveral, Cocoa Beach & Orlando. Home boasts high ceilings, tile floors, carpet, large master with sliding door leads to screened patio, Master bath is bright with double sinks, jetted bathtub surrounded by glass block, large walk in closet & a separate commode room. Large second bath with access to the outdoor patio. Nicely appointed Kitchen with eat-in nook & bar height counter-top. Children safely walk to Lewis Carroll Elementary School. Enjoy the community playground & tennis courts. The area is surrounded by beautiful waterways & beaches. Enjoy boating, fishing, camping, canoeing, & cruising. Merritt Island living is truly the Florida Lifestyle!

Last Agent to Sell the Property

Kevin Pepperall

Re/Max Connects Listed on: 11/12/2020

Last Buyer's Agent

Sharon Weber

Daignault Realty Inc License #3306059

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,357

Year Built

  • Built in 2001

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 85' x 102'
  • North Facing Home
  • Wood Fence

HOA Fees

  • $31 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Shingle Roof
  • Concrete Siding
  • Block Exterior
  • Asphalt
  • Stucco

Interior Spaces

  • 2,024 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Vaulted Ceiling
  • Ceiling Fan
  • Great Room
  • Dining Room
  • Home Office
  • Library
  • City Views
  • Fire and Smoke Detector
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Separate Shower in Primary Bathroom
  • Spa Bath

Accessible Home Design

  • Grip-Accessible Features

Outdoor Features

  • Patio
  • Porch

Schools

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

Utilities

  • Central Heating and Cooling System
  • Geothermal Heating and Cooling
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 24-36-14-Oi-00000.0-0114.00

Community Details

Overview

  • Sykes Cove Homeowners Assoc/Tcb Property Mgmt Association
  • Villa De Palmas Sykes Cove Sec 02 Subdivision

Recreation

  • Tennis Courts
  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,357

Year Built

Built in 2001

Lot Details

0

HOA Fees

$31 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2001
  • Reso Property Sub Type: Single Family Residence
  • Road Surface Type: Asphalt
  • Reso View: City
  • ResoSecurityFeatures: Smoke Detector(s)
  • Reso Association Amenities: Management - Full Time, Management - Off Site, Playground, Tennis Court(s)
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Villa De Palmas Sykes Cove Sec 02
  • Reso Accessibility Features: Grip-Accessible Features
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Efficiency: HVAC
  • Location Tax and Legal Parcel Number2: 24-36-14-Oi-00000.0-0114.00
  • Location Tax and Legal Elementary School: Carroll
  • Location Tax and Legal Middle School2: Jefferson
  • Location Tax and Legal High School: Merritt Island
  • Location Tax and Legal Tax Annual Amount: 4356.59
  • Location Tax and Legal Tax Year2: 2020
  • General Property Information Living Area2: 2024.0
  • General Property Information Building Area Total3: 2522.0
  • General Property Information Lot Size Acres: 0.2
  • General Property Information Lot Size Square Feet2: 8712.0
  • General Property Information New Construction YN: No
  • General Property Information Waterfront YN: No
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: North
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Fencing Fenced2: Yes
  • Fencing Wood2: Yes
  • Flooring Tile: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • General Property Information Community Fee(s) YN: Yes
  • Levels One: Yes
  • Pets Allowed Yes: Yes
  • Road Surface Type Asphalt: Yes
  • Roof:Shingle: Yes
  • Security Features Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • Flooring Carpet: Yes
  • Water Source Public: Yes
  • Interior Features Primary Bathroom -Tub with Separate Shower: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • Room Types Dining Room: Yes
  • Room Types Great Room: Yes
  • Room Types Laundry: Yes
  • Room Types Library: Yes
  • Room Types Office: Yes
  • General Property Information Lot Size Dimensions: 85' X 102'
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), Eat-in Kitchen, Open Floorplan, Pantry, Primary Bathroom - Tub with Shower, Primary Bathroom -Tub with Separate Shower, Split Bedrooms, Vaulted Ceiling(s), Walk-In Closet(s)
  • Flooring: Carpet, Tile
  • Spa Features: Bath
  • Appliances: Dishwasher, Disposal, Electric Range, Electric Water Heater, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • ResoLivingAreaSource: PublicRecords
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Open Floorplan: Yes
  • Interior Features:Breakfast Bar: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Split Bedrooms: Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Spa Features:Bath: Yes

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Fencing: Fenced, Wood
  • Acres: 0.2
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: North
  • Patio And Porch Features: Patio, Porch
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio and Porch Features:Porch: Yes
  • Accessibility Features:Grip-Accessible Features: Yes
  • View:City3: 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
  • Utilities: Cable Available, Electricity Connected, Water Available
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 375.0
  • Association Fee Frequency: Annually
  • Association Name: SYKES COVE HOMEOWNERS ASSOC/TCB PROPERTY MGMT
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Name: SYKES COVE HOMEOWNERS ASSOC/TCB PROPERTY MGMT
  • General Property Information:Association Fee: 375.0
  • General Property Information:Association Fee Frequency: Annually
  • Association Amenities:Tennis Court(s)2: Yes
  • Association Amenities:Playground: Yes

Schools

  • Middle Or Junior School: Jefferson

Lot Info

  • Lot Dimensions: 85' X 102'
  • Lot Size Sq Ft: 8712.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2412082
  • Parcel #: 24-36-14-Oi-00000.0-0114.00
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient:HVAC: Yes

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 4356.59

MLS Schools

  • Elementary School: Carroll
  • High School: Merritt Island

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2020
Closed on
Jan 19, 2021
Sold by
Walton Dawn M
Bought by
Siegel Theodore M
Seller's Agent
Kevin Pepperall
Re/Max Connects
Buyer's Agent
Sharon Weber
Daignault Realty Inc
List Price
$369,500
Sold Price
$360,000
Premium/Discount to List
-$9,500
-2.57%
Current Estimated Value
$514,866

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,866
Avg. Annual Appreciation
7.77%
Original Mortgage
$342,000
Outstanding Balance
$305,236
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$209,630

Purchase Details

Closed on
Mar 31, 2008
Sold by
Walton Frank E
Bought by
Walton Dawn M

Purchase Details

Closed on
May 24, 2006
Sold by
Chandler David A and Chandler Donna L
Bought by
Walton Dawn M and Hingle Tammy L

Purchase Details

Closed on
Mar 28, 2001
Sold by
Lipsey Deryl W
Bought by
Chandler David A and Chandler Donna L

Purchase Details

Closed on
Nov 6, 2000
Sold by
Challenger Homes Inc
Bought by
Lipsey Deryl W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
7.93%

Purchase Details

Closed on
Nov 18, 1999
Sold by
Towne Dev Merritt Island Inc
Bought by
Challenger Homes Inc
Source: Public Records

Range of Values:

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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
Siegel Theodore M $360,000 Landmark Title Agency Inc
Walton Dawn M -- Attorney
Walton Dawn M $319,900 Fidelity Natl Title Ins Co
Chandler David A $181,700 --
Lipsey Deryl W $37,000 --
Challenger Homes Inc $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Siegel Theodore M $342,000
Previous Owner Lipsey Deryl W $132,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/19/2021 01/19/21 Sold $360,000 -1.2% $178 / Sq Ft
12/05/2020 12/05/20 Pending -- -- --
12/03/2020 12/03/20 Price Changed $364,500 -1.4% $180 / Sq Ft
11/11/2020 11/11/20 Price Changed $369,500 0.0% $183 / Sq Ft
11/11/2020 11/11/20 For Sale $369,500 +2.6% $183 / Sq Ft
11/04/2020 11/04/20 Off Market $360,000 -- --
10/04/2020 10/04/20 For Sale $369,900 -- $183 / 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 $4,870 $400,580 -- --
2024 $4,834 $389,300 -- --
2023 $4,834 $377,970 $0 $0
2022 $4,522 $366,970 $0 $0
2021 $4,518 $299,210 $72,000 $227,210
2020 $4,357 $284,950 $60,000 $224,950
2019 $4,327 $278,020 $53,000 $225,020
2018 $4,399 $275,720 $58,000 $217,720
2017 $4,309 $258,980 $58,000 $200,980
2016 $2,868 $198,630 $46,000 $152,630
2015 $2,800 $179,160 $46,000 $133,160
2014 $2,666 $169,400 $46,000 $123,400
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2021

    Kevin Pepperall

    RE/MAX

  • Sharon Weber

    Buyer's Agent in 2021

    Sharon Weber

    Daignault Realty Inc

    (321) 288-6362

    16 in this area

    38 Total Sales

    Sharon Weber
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Map

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

MLS Number: 886883

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 24-36-14-OI-00000.0-0114.00

Florida Brevard County Merritt Island 32953

118 Cove Loop Dr, Merritt Island, FL

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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