NOT LISTED FOR SALE

1208 E River Dr Unit 202 Melbourne, FL 32901

Estimated Value: $555,384 - $622,000

2 Beds
2 Baths
1,668 Sq Ft
$410/mo HOA Fee

Last Sold July 12, 2021

Last sale price $450,000 $270 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $4,397/month

Highlights

  • Home fronts navigable water
  • Gated with Attendant
  • Screened Porch
  • Melbourne Senior High School Rated A-
  • Open Floorplan
  • Balcony

About This Home

As of January 2023

Attention Boaters! Just steps to Downtown Melbourne, Next to the Melbourne Yacht Club Overlooking beautiful Melbourne Harbor. This rare offering includes Waterfront Marina Views and TWO DEEDED BOAT SLIPS! Use one and rent the other or rent both. As you walk in you will notice the open floor plan with natural lighting and neutral tones throughout. Each bedroom has its own private sliders leading you to the over sized balcony and the view that overlooks Melbourne Harbor and the Indian River. Captains Cove is a gated, 10 units total, nautically inspired architectural masterpiece that is totally unique to Melbourne. 1 Car Enclosed Garage, Private storage closet are additional amenities. Live the downtown lifestyle and get all the benefits of living the boating lifestyle

Last Agent to Rent the Property

Jennifer Grimes

One Sotheby's International License #3413995 Listed on: 10/18/2022

One Sotheby's International

Last Renter's Agent

Julie Stokes Clemons

Coastal Life Properties LLC License #3469067

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,451

Year Built

  • Built in 1984

Lot Details

  • Home fronts navigable water
  • River Front
  • Home fronts a canal
  • East Facing Home

HOA Fees

  • $410 per month

Parking

  • 1 Car Garage
  • Assigned Parking

Interior Spaces

  • 1,668 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Screened Porch
  • Property Views

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • In-Law or Guest Suite
  • 2 Full Bathrooms
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony

Schools

  • University Park Elementary School
  • Stone Middle School
  • Melbourne High School

Utilities

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

Listing and Financial Details

  • Property Available on 10/18/22
  • The owner pays for pest control
  • Rent includes sewer, water, trash collection
  • Month-to-Month Lease Term
  • Short Term Lease
  • Assessor Parcel Number 28-37-02-75-00001.0-0007.04

Community Details

Overview

  • Captain's Cove Of Melbourne Condo Association
  • Captains Cove Of Melbourne Condo Subdivision

Pet Policy

  • Breed Restrictions

Security

  • Gated with Attendant

Condo Details

Home Type

Condominium

Est. Annual Taxes

$8,451

Year Built

Built in 1984

Lot Details

0

HOA Fees

$410 per month

Parking

1

Rental Info

  • Furnished: Furnished
  • Rent Includes: Sewer, Water, Trash Collection
  • Lease Term: Month To Month
  • Owner Pays: Pest Control
  • Available Date: 2022-10-18

Listing Details

  • Property Type: Residential Lease
  • Year Built: 1984
  • Reso Property Sub Type: Condominium
  • Reso View: Other
  • Water Body Name: Indian River
  • ResoSecurityFeatures: Gated with Guard
  • Subdivision Name: Captains Cove of Melbourne Condo
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • Location Tax and Legal Parcel Number2: 28-37-02-75-00001.0-0007.04
  • Location Tax and Legal Elementary School: University Park
  • Location Tax and Legal Middle School2: Stone
  • Location Tax and Legal High School: Melbourne
  • General Property Information Living Area2: 1668.0
  • General Property Information Lot Size Acres: 0.08
  • General Property Information Lot Size Square Feet2: 3484.8
  • General Property Information Waterfront YN: Yes
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: East
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Levels One: Yes
  • Utilities Cable Available: Yes
  • Water Source Public: Yes
  • Interior Features Primary Bathroom -Tub with Separate Shower: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • Pets Allowed Call: Yes
  • Interior Features Guest Suite: Yes
  • Pets Allowed Breed Restrictions: Yes
  • Security Features Gated with Guard: Yes
  • Additional Lease Terms Short Term Lease: Yes
  • Additional Lease Terms Month To Month: Yes
  • General Property Information:Pool Private YN: No
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Guest Suite, Open Floorplan, Primary Bathroom - Tub with Shower, Primary Bathroom -Tub with Separate Shower, Walk-In Closet(s)
  • Appliances: Dishwasher, Dryer, Electric Range, Electric Water Heater, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • ResoLivingAreaSource: PublicRecords
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Open Floorplan: Yes
  • Interior Features:Walk-In Closet(s): Yes

Exterior Features

  • Exterior Features: Balcony
  • Pool Features: None
  • Acres: 0.08
  • Pool Private: No
  • Waterfront: Yes
  • Direction Faces: East
  • Patio And Porch Features: Screened
  • Patio And Porch Features:Screened: Yes
  • Exterior Features:Balcony: Yes
  • Waterfront Features:Canal Front: Yes
  • Waterfront Features:River Front: Yes
  • Waterfront Features:Navigable Water: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Assigned, Garage
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 1.0
  • Parking Features:Garage: Yes
  • Parking Features:Assigned: Yes

Utilities

  • Cooling: Central Air
  • Utilities: Cable Available, Water Available
  • Heating: Central
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Name: CAPTAIN'S COVE OF MELBOURNE CONDO

Association/Amenities

  • General Property Information:Association Name: CAPTAIN'S COVE OF MELBOURNE CONDO

Schools

  • Middle Or Junior School: Stone

Lot Info

  • Lot Size Sq Ft: 3484.8
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2817023
  • Parcel #: 28-37-02-75-00001.0-0007.04
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: University Park
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2021
Closed on
Jul 12, 2021
Sold by
Nugnes Matt
Bought by
Kim Amy Lee
Seller's Agent
Grayling Oates
Engel & Voelkers Melb Downtown
Buyer's Agent
Lindsey Schuetz
Hoven Real Estate
List Price
$470,000
Sold Price
$450,000
Premium/Discount to List
-$20,000
-4.26%
Current Estimated Value
$599,540

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,540
Avg. Annual Appreciation
7.70%
Original Mortgage
$427,500
Outstanding Balance
$392,231
Interest Rate
2.93%
Mortgage Type
New Conventional
Estimated Equity
$216,854

Purchase Details

Listed on
May 4, 2015
Closed on
Jul 21, 2015
Sold by
Sheive Kathy D and Captains Cove #202 Trust
Bought by
Nugnes Matthew
Seller's Agent
Grayling Oates
Engel & Voelkers Melb Downtown
Buyer's Agent
Garat Oates
Engel & Voelkers New Smyrna
List Price
$295,000
Sold Price
$282,000
Premium/Discount to List
-$13,000
-4.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.13%
Original Mortgage
$282,000
Interest Rate
4.04%

Purchase Details

Closed on
Jul 1, 2004
Sold by
Mertens Oliver L
Bought by
Sheive Kathy D and Captains Cove #202 Trust
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
Kim Amy Lee -- Heritage Title And Escrow
Kirn Amy Lee $450,000 Heritage Title & Escrow
Nugnes Matthew $282,000 Attorney
Sheive Kathy D $365,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Amy Lee $427,500
Previous Owner Nugnes Matthew J $277,500
Previous Owner Nugnes Matthew $282,000
Previous Owner Mertens Oliver L $155,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2023 12/23/23 Off Market $282,000 -- --
12/23/2023 12/23/23 Off Market $450,000 -- --
12/16/2023 12/16/23 Off Market $282,000 -- --
01/06/2023 01/06/23 Rented $3,500 0.0% --
01/01/2023 01/01/23 Under Contract -- -- --
10/18/2022 10/18/22 For Rent $3,500 0.0% --
07/12/2021 07/12/21 Sold $450,000 -4.3% $270 / Sq Ft
05/21/2021 05/21/21 Pending -- -- --
05/05/2021 05/05/21 For Sale $470,000 0.0% $282 / Sq Ft
05/01/2021 05/01/21 Pending -- -- --
02/04/2021 02/04/21 For Sale $470,000 +66.7% $282 / Sq Ft
07/21/2015 07/21/15 Sold $282,000 -4.4% $169 / Sq Ft
05/19/2015 05/19/15 Pending -- -- --
05/04/2015 05/04/15 For Sale $295,000 -- $177 / 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
2023 $8,451 $560,650 $0 $0
2022 $6,812 $394,170 $0 $0
2021 $6,005 $352,680 $0 $352,680
2020 $5,314 $289,700 $0 $289,700
2019 $5,358 $281,260 $0 $281,260
2018 $5,416 $278,470 $0 $278,470
2017 $5,243 $262,100 $0 $262,100
2016 $5,277 $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

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Map

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

MLS Number: 947876

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-37-02-75-00001.0-0007.04