1240 Colby Ln Merritt Island, FL 32952
4
Beds
2
Baths
1,562
Sq Ft
8,712
Sq Ft Lot
Highlights
- View of Trees or Woods
- No HOA
- Tile Flooring
- Open Floorplan
- Patio
- Central Air
About This Home
As of May 2025Come check out this nicely updated home in Merritt Island featuring a great backyard that overlooks a non navigational canal teeming with wildlife. Home features and updated kitchen with SS appliances, tile flooring throughout, roof 2022, AC 2022 (Trane), hot water heater 2022. Great location and neighborhood, centrally located with several shops, restaurants, places of business only a few mins away, only 5 miles to world famous Cocoa Beach.
Last Agent to Sell the Property
Blue Marlin Real Estate License #3198941 Listed on: 04/18/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,153
Year Built
- Built in 1967
Lot Details
- 8,712 Sq Ft Lot
- West Facing Home
- Front and Back Yard Sprinklers
Property Views
- Pond
- Woods
- Canal
Home Design
- Shingle Roof
- Concrete Siding
- Block Exterior
- Asphalt
- Stucco
Interior Spaces
- 1,562 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Furniture Can Be Negotiated
- Ceiling Fan
- Tile Flooring
- Washer and Electric Dryer Hookup
Kitchen
- Electric Cooktop
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
- Shower Only
Outdoor Features
- Patio
Schools
- Tropical Elementary School
- Jefferson Middle School
- Merritt Island High School
Utilities
- Central Air
- Heating Available
- Electric Water Heater
- Cable TV Available
Community Details
- No Home Owners Association
- Harborview Cove Subdivision
Listing and Financial Details
- Assessor Parcel Number 25-37-06-50-00004.0-0019.00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 18, 2025
Closed on
May 16, 2025
Sold by
Kct Mi Llc
Bought by
Mathews Michael and Mathews Kylie
Seller's Agent
Eric Krall
Blue Marlin Real Estate
Buyer's Agent
Katelyn Johnson
Blue Marlin Real Estate
List Price
$359,000
Sold Price
$360,000
Premium/Discount to List
$1,000
0.28%
Total Days on Market
3
Views
33
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-90.24%
Original Mortgage
$353,479
Outstanding Balance
$353,479
Interest Rate
6.62%
Mortgage Type
FHA
Estimated Equity
-$47,595
Purchase Details
Closed on
Jun 24, 2022
Sold by
Carolyn Terrell
Bought by
Kct Mi Llc
Similar Homes in Merritt Island, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $360,000 | State Title Partners | |
| Warranty Deed | $360,000 | State Title Partners | |
| Quit Claim Deed | -- | Whitebird Pllc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $353,479 | FHA | |
| Closed | $353,479 | FHA | |
| Previous Owner | $112,800 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/19/2025 05/19/25 | Sold | $360,000 | +0.3% | $230 / Sq Ft |
| 04/18/2025 04/18/25 | For Sale | $359,000 | -- | $230 / Sq Ft |
Source: Space Coast MLS (Space Coast Association of REALTORS®)
Tax History Compared to Growth
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 | $3,528 | $243,460 | $105,000 | $138,460 |
| 2022 | $2,691 | $182,700 | $0 | $0 |
| 2021 | $870 | $54,460 | $0 | $0 |
| 2020 | $825 | $53,710 | $0 | $0 |
| 2019 | $772 | $52,510 | $0 | $0 |
| 2018 | $770 | $51,540 | $0 | $0 |
| 2017 | $768 | $50,480 | $0 | $0 |
| 2016 | $768 | $49,450 | $28,000 | $21,450 |
| 2015 | $769 | $49,110 | $22,000 | $27,110 |
| 2014 | $769 | $48,720 | $16,000 | $32,720 |
Source: Public Records
Agents Affiliated with this Home
-
Eric Krall
Seller's Agent in 2025
Eric Krall
Blue Marlin Real Estate
(321) 704-3395
21 in this area
86 Total Sales
-
Katelyn Johnson
K
Buyer's Agent in 2025
Katelyn Johnson
Blue Marlin Real Estate
(321) 863-5662
4 in this area
15 Total Sales
Map
Source: Space Coast MLS (Space Coast Association of REALTORS®)
MLS Number: 1043269
APN: 25-37-06-50-00004.0-0019.00
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