NOT LISTED FOR SALE

1208 E River Dr Unit 201 Melbourne, FL 32901

Estimated Value: $614,203 - $639,000

2 Beds
2 Baths
1,778 Sq Ft
$353/Sq Ft Est. Value

Last Sold March 31, 2020

Last sale price $420,000 $236 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $4,795/month

About This Home

As of March 2020

Boater's Dream! Tremendous views and first class waterfront lifestyle in Downtown Melbourne steps away from dining and entertainment. 3 minutes to beach and Airport. Adjacent to the Melbourne Yacht Club, home boasts Indian River and Marina Views as well as TWO DEEDED BOAT SLIPS! Use one, rent the other or rent out both. This is the only complex that includes boat slips with ownership. Being sold fully furnished Turnkey. Enter the unit you will notice an open plan with lots of natural light. Lg. Master has its own private slider leading to the over sized balcony. Features include private 1 car garage, 2 patios, updated kitchen & cable included. Captains Cove is a gated, 10 unit, nautically inspired architectural masterpiece, set on a weather protected harbor. It doesnt get better than this! this!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2019
Closed on
Mar 31, 2020
Sold by
Cannon Mark and Cannon Mary C
Bought by
Mueller William J
Seller's Agent
Global Group
Engel & Voelkers Melb Downtown
Buyer's Agent
Donald Harte
SunCoast Real Estate Group
List Price
$449,900
Sold Price
$420,000
Premium/Discount to List
-$29,900
-6.65%
Current Estimated Value
$628,301

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$208,301
Avg. Annual Appreciation
8.47%
Original Mortgage
$336,000
Outstanding Balance
$242,388
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$397,149

Purchase Details

Closed on
Nov 6, 2008
Sold by
Sheive Kathy and Captains Cove #201 Trust
Bought by
Cannon Mark and Cannon Mary C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,800
Interest Rate
6.11%

Purchase Details

Closed on
Feb 4, 2004
Sold by
Sheive Kathy
Bought by
Sheive Kathy and Captains Cove #201 Trust

Purchase Details

Closed on
Feb 27, 2003
Sold by
Sheive Kathy
Bought by
Sheive Kathy

Purchase Details

Closed on
Sep 24, 2001
Sold by
Reid Wayne A and Reid Hazelwood M
Bought by
Sheive Kathy

Purchase Details

Closed on
Feb 27, 1998
Sold by
Reid Wayne A
Bought by
Reid Wayne A and Reid Hazelwood M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,500
Interest Rate
6.95%
Source: Public Records

Range of Values:

Collateral Analytics

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Average Value
Not Available
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
Mueller William J $355,714 Heritage Title & Escrow
Cannon Mark -- Stewart Approved Title Inc
Cannon Mark -- Stewart Title Inc
Sheive Kathy $335,000 Stewart Approved Title Inc
Sheive Kathy $237,000 --
Sheive Kathy -- --
Sheive Kathy $237,000 --
Reid Wayne A $49,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mueller William J $336,000
Previous Owner Cannon Mark $228,800
Previous Owner Sheive Kathy $213,000
Previous Owner Reid Wayne A $101,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2023 12/23/23 Off Market $420,000 -- --
12/16/2023 12/16/23 Off Market $420,000 -- --
06/30/2021 06/30/21 Rented $3,000 0.0% --
06/14/2021 06/14/21 Under Contract -- -- --
05/27/2021 05/27/21 Price Changed $3,000 -14.3% $2 / Sq Ft
05/03/2021 05/03/21 For Rent $3,500 +40.0% --
08/14/2020 08/14/20 Rented $2,500 0.0% --
08/12/2020 08/12/20 Under Contract -- -- --
06/18/2020 06/18/20 Price Changed $2,500 -10.7% $1 / Sq Ft
05/28/2020 05/28/20 Price Changed $2,800 -6.7% $2 / Sq Ft
05/06/2020 05/06/20 Price Changed $3,000 -14.3% $2 / Sq Ft
04/09/2020 04/09/20 For Rent $3,500 0.0% --
03/31/2020 03/31/20 Sold $420,000 -6.6% $236 / Sq Ft
01/20/2020 01/20/20 Pending -- -- --
07/11/2019 07/11/19 For Sale $449,900 -- $253 / Sq Ft

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
2023 $8,375 $560,650 $0 $0
2022 $6,739 $394,170 $0 $0
2021 $6,419 $352,680 $0 $352,680
2020 $5,314 $289,700 $0 $289,700
2019 $5,358 $281,260 $0 $281,260
2018 $5,379 $278,470 $0 $278,470
2017 $5,090 $262,100 $0 $262,100
2016 $4,972 $249,620 $0 $0
2015 $4,821 $207,070 $0 $0
2014 $4,083 $188,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller Co-Listing Agent in 2021

    Carrie Wam

    RE/MAX

  • M

    Seller's Agent in 2020

    Misty Morrison

    RE/MAX

  • G

    Seller's Agent in 2020

    Global Group

    Engel & Voelkers Melb Downtown

    Section Image

  • G

    Seller Co-Listing Agent in 2020

    Grayling Oates

    Engel & Voelkers Melb Downtown

  • D

    Buyer's Agent in 2020

    Donald Harte

    SunCoast Real Estate Group

  • J

    Buyer Co-Listing Agent in 2020

    Joanna Harte

    SunCoast Real Estate Group

See All Agents

Map

Florida Brevard County Melbourne 32901

1208 E River Dr Unit 201, Melbourne, FL

This home is located at 1208 E River Dr Unit 201, Melbourne, FL 32901 and is currently estimated at $628,301, approximately $353 per square foot. 1208 E River Dr Unit 201 is a home located in Brevard County with nearby schools including University Park Elementary School, Stone Magnet Middle School, and Melbourne Senior 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.

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