NOT LISTED FOR SALE

1208 E River Dr Unit 501 Melbourne, FL 32901

Estimated Value: $682,000 - $736,000

3 Beds
2 Baths
1,900 Sq Ft
$570/mo HOA Fee

Last Sold February 25, 2021

Last sale price $610,000 $321 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $5,197/month

46 Days on Market

Highlights

  • Ocean View
  • Boat Dock
  • Home fronts a creek
  • Melbourne Senior High School Rated A-
  • Boat Lift
  • River Front

About This Home

As of February 2021

Top floor, Penthouse in Downtown Melbourne. Captains Cove is a Luxury Gated Community of only 10 owners. Upon entering, gorgeous Gun Stock wood floors lead to an open floor plan & gourmet kitchen w/premium appliances, custom Cabinetry & Lighting. Spacious Living room w/volume ceilings, crown molding throughout, Klipsch speakers in every room, wood burning fireplace. Huge Master Bedroom w/custom closet, Full-Size Washer Dryer & ample storage. Master bath must be seen & includes Jacuzzi Tub & Separate shower. Watch the Dolphins with Stunning views of Harbor & River from lg. balcony overlook the concrete Dock with 2 DEEDED BOAT SLIPS INCLUDED, 1 w/newer 10k lb. Lift or use 1 slip and rent the other. Elec. Hurricane Shutters on every opening, 2 Car Garage, Storage & Furnishings are negotiable. negotiable.

Last Agent to Sell the Property

Grayling Oates

Engel & Voelkers Melb Downtown Listed on: 12/09/2020

Co-Listed By

Ryan Fischer

Engel & Voelkers Melb Downtown

Last Buyer's Agent

Jill Wallace

RE/MAX Elite License #3038282

RE/MAX Elite

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,523

Year Built

  • Built in 1984

Lot Details

  • Home fronts a creek
  • River Front
  • South Facing Home

HOA Fees

  • $570 Monthly HOA Fees

Parking

  • 2 Car Detached Garage
  • 1 Carport Space
  • Garage Door Opener

Property Views

  • Ocean
  • Marina
  • Intracoastal
  • River

Home Design

  • Membrane Roofing
  • Concrete Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,900 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • Wood Burning Fireplace
  • Wood Flooring

Kitchen

  • Convection Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Spa Bath

Laundry

  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Security Gate

Outdoor Features

  • Boat Lift
  • Balcony
  • Side Porch

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 28-37-02-75-00001.0-0007.09

Community Details

Overview

  • Captain's Cove Of Melbourne Condo Association
  • Crane Cliff Subdivision
  • 5-Story Property

Recreation

  • Boat Dock
  • Community Boat Slip

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit
  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,523

Year Built

Built in 1984

Lot Details

0

HOA Fees

$570 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1984
  • Reso Property Sub Type: Condominium
  • ResoLaundryFeatures: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
  • Reso View: Marina, Ocean, River, Water, Intracoastal
  • ResoSecurityFeatures: Security Gate, Security System Owned
  • Reso Association Amenities: Boat Dock, Boat Slip
  • Co List Office Mls Id: 0303280
  • Co List Office Phone: 321-254-5275
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Crane Cliff
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 28-37-02-75-00001.0-0007.09
  • Location Tax and Legal Elementary School: University Park
  • Location Tax and Legal Middle School2: Stone
  • Location Tax and Legal High School: Melbourne
  • Location Tax and Legal Tax Annual Amount: 4522.89
  • Location Tax and Legal Tax Year2: 2020
  • General Property Information Living Area2: 1900.0
  • General Property Information Building Area Total3: 2400.0
  • General Property Information New Construction YN: No
  • General Property Information Carport Spaces2: 1.0
  • General Property Information Waterfront YN: Yes
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: South
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • General Property Information Community Fee(s) YN: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Flooring Wood: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Levels One: Yes
  • Security Features Security Gate: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Pets Allowed Size Limit: Yes
  • General Property Information Carport YN2: Yes
  • Pets Allowed Cats OK: Yes
  • Pets Allowed Number Limit: Yes
  • View Water3: Yes
  • Security Features Security System Owned: Yes
  • Waterfront Features Waterfront Community: Yes
  • General Property Information Stories Total: 5
  • Roof Concrete2: Yes
  • ViewOcean: Yes
  • Pets Allowed Dogs OK: Yes
  • Exterior Features Boat Lift: Yes
  • View Intracoastal: Yes
  • View Marina2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 5

Interior Features

  • Interior Amenities: Built-in Features, Kitchen Island, Open Floorplan, Split Bedrooms, Walk-In Closet(s)
  • Flooring: Wood
  • Spa Features: Bath
  • Appliances: Convection Oven, Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning, Other
  • Stories: 5
  • ResoLivingAreaSource: Other
  • Appliances:Convection Oven: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Open Floorplan: Yes
  • Interior Features:Built-in Features: Yes
  • Interior Features:Kitchen Island: Yes
  • Interior Features:Split Bedrooms: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Spa Features:Bath: Yes
  • Fireplace Features:Wood Burning: Yes

Exterior Features

  • Exterior Features: Balcony, Boat Lift
  • Pool Features: None
  • Roof: Concrete, Membrane
  • Waterfront Features: Creek, River Front, Waterfront Community
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: South
  • Patio And Porch Features: Side Porch
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Exterior Features:Balcony: Yes
  • ConstructionSiding:Roof Membrane: Yes
  • Patio and Porch Features:Side Porch: Yes
  • View:River: Yes
  • Waterfront Features:River Front: Yes
  • Waterfront Features:Creek: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Assigned, Carport, Detached, Garage Door Opener, Underground
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Carport: Yes
  • Parking Features:Assigned: Yes
  • Parking Features:Underground2: Yes
  • Parking Features:Detached: Yes

Utilities

  • Cooling: Central Air
  • Heating: Central
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 570.0
  • Association Fee Frequency: Monthly
  • Association Name: CAPTAIN'S COVE OF MELBOURNE CONDO
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Name: CAPTAIN'S COVE OF MELBOURNE CONDO
  • General Property Information:Association Fee: 570.0
  • General Property Information:Association Fee Frequency: Monthly
  • Association Amenities:Boat Dock: Yes
  • Association Amenities:Boat Slip: Yes

Schools

  • Middle Or Junior School: Stone

Lot Info

  • Additional Parcels Description: 2817028
  • Parcel #: 28-37-02-75-00001.0-0007.09

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 4522.89

MLS Schools

  • Elementary School: University Park
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2020
Closed on
Feb 25, 2021
Sold by
Oates Garat
Bought by
Oreilly Sandra L and Oreilly Michael P
Seller's Agent
Grayling Oates
Engel & Voelkers Melb Downtown
Buyer's Agent
Jill Wallace
RE/MAX Elite
List Price
$639,000
Sold Price
$610,000
Premium/Discount to List
-$29,000
-4.54%
Current Estimated Value
$703,128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,128
Avg. Annual Appreciation
3.40%
Original Mortgage
$435,000
Outstanding Balance
$394,352
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$313,179

Purchase Details

Closed on
Apr 25, 2014
Sold by
Mertens Lawrence Edwin and Mertens Margarete Anna
Bought by
Oates Garat

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,250
Interest Rate
4.37%

Purchase Details

Closed on
Aug 12, 2004
Sold by
Mertens Oliver L and Fiorelli Dawn M
Bought by
Mertens Oliver L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
5.92%

Purchase Details

Closed on
Jan 28, 2002
Sold by
Bowman Thomas E and Bowman Ritva T
Bought by
Mertens Oliver L and Fiorelli Dawn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
7.08%
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
Oreilly Sandra L $600,000 Heritage Title & Escrow
Oates Garat $315,000 North American Title Company
Mertens Oliver L -- --
Mertens Oliver L $265,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oreilly Sandra L $435,000
Previous Owner Oates Garat $236,250
Previous Owner Mertens Oliver L $440,000
Previous Owner Mertens Oliver L $212,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2023 12/23/23 Off Market $610,000 -- --
12/16/2023 12/16/23 Off Market $610,000 -- --
02/25/2021 02/25/21 Sold $610,000 -4.5% $321 / Sq Ft
01/24/2021 01/24/21 Pending -- -- --
12/09/2020 12/09/20 For Sale $639,000 -- $336 / 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 $9,320 $624,870 $0 $0
2022 $7,456 $431,810 $0 $0
2021 $4,568 $291,870 $0 $0
2020 $4,523 $287,850 $0 $0
2019 $4,571 $281,380 $0 $0
2018 $4,568 $276,140 $0 $0
2017 $4,585 $270,470 $0 $0
2016 $4,725 $264,910 $0 $0
2015 $4,862 $264,910 $0 $0
2014 $4,329 $199,780 $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: 891990

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-37-02-75-00001.0-0007.09