NOT LISTED FOR SALE

1327 Cypress Trace Dr Melbourne, FL 32940

Suntree Neighborhood

Estimated Value: $485,000 - $540,000

3 Beds
2 Baths
1,771 Sq Ft
$290/Sq Ft Est. Value

Sale Details

Date Sold: February 28, 2025

Last sale price $540,000 $305 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $2,955 / mo

About This Home

SELLER OFFERING $10,000 BUYER CREDIT towards interest rate buy down or closing costs. Centrally located lakefront home in desirable Suntree Community of Cypress Trace. This spacious 3-bedroom , 2 bath home features an open floor plan w/ fireplace, vaulted ceilings, and lots of natural light. Tropical, tranquil lanai visible from almost every room offers a fabulous view of the saltwater pool & the lake. Waterproof vinyl & ceramic tile flooring throughout , quartz counters in both baths & granite counters in the kitchen & laundry. Extra large master bath w/ garden view. A custom wood deck just off master is ready & waiting for you to create your own private spa/oasis. Natural gas double oven range, gas tankless water heater, & gas barbeque hookup. New roof , water heater, pool in 2018. New A/C unit in 2023.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2025
Closed on
Feb 28, 2025
Sold by
Oconnell Richard J and Oconnell Linda J
Bought by
Lemmen Kurt and Lemmen Stephanie
Seller's Agent
Linda OConnell
Weichert REALTORS Hallmark Pro
Buyer's Agent
Rachel Langley
Blue Marlin Real Estate
List Price
$550,000
Sold Price
$540,000
Premium/Discount to List
-$10,000
-1.82%
Views
26
Current Estimated Value
$514,419

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$25,581
Avg. Annual Appreciation
-4.13%
Original Mortgage
$520,695
Outstanding Balance
$518,117
Interest Rate
7.04%
Mortgage Type
VA
Estimated Equity
-$3,698

Purchase Details

Listed on
Dec 23, 2017
Closed on
Mar 6, 2018
Sold by
Malta Larry M
Bought by
Connell Richard J O and Connell Linda J O
Seller's Agent
Christine Lahiff
Sea Cay Realty & Management
Buyer's Agent
Non-Member Non-Member Out Of Area
Non-MLS or Out of Area
List Price
$325,000
Sold Price
$300,000
Premium/Discount to List
-$25,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.77%
Original Mortgage
$155,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 10, 2011
Sold by
Malta Larry M and Malta Nancy M
Bought by
Malta Larry M and Malta Nancy M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lemmen Kurt $540,000 Bella Title & Escrow
Lemmen Kurt $540,000 Bella Title & Escrow
Connell Richard J O $300,000 Alliance Title Ins Agency In
Malta Larry M -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lemmen Kurt $520,695
Closed Lemmen Kurt $520,695
Previous Owner Connell Richard J O $155,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/28/2025 02/28/25 Sold $540,000 -1.8% $305 / Sq Ft View Prior Sale
01/19/2025 01/19/25 Pending -- -- --
01/09/2025 01/09/25 For Sale $550,000 +83.3% $311 / Sq Ft
03/06/2018 03/06/18 Sold $300,000 -7.7% $169 / Sq Ft View Prior Sale
01/19/2018 01/19/18 Pending -- -- --
12/23/2017 12/23/17 For Sale $325,000 -- $184 / Sq Ft

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 $2,500 $201,590 -- --
2024 $2,451 $195,910 -- --
2023 $2,451 $190,210 -- --
2022 $2,278 $184,670 $0 $0
2021 $2,351 $179,300 $0 $0
2020 $2,303 $176,830 $0 $0
2019 $2,250 $172,860 $0 $0
2018 $3,800 $244,640 $59,000 $185,640
2017 $3,640 $225,780 $59,000 $166,780
2016 $3,430 $197,230 $41,000 $156,230
2015 $2,901 $179,040 $43,000 $136,040
2014 $2,675 $162,770 $43,000 $119,770
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2025

    Linda OConnell

    Weichert REALTORS Hallmark Pro

    (239) 357-1633

    1 in this area

    4 Total Sales

    Linda OConnell
    Section Image

  • R

    Buyer's Agent in 2025

    Rachel Langley

    Blue Marlin Real Estate

    (321) 375-1211

    4 in this area

    75 Total Sales

    Rachel Langley
    Section Image

  • C

    Seller's Agent in 2018

    Christine Lahiff

    Sea Cay Realty & Management

  • N

    Buyer's Agent in 2018

    Non-Member Non-Member Out Of Area

    Non-MLS or Out of Area

See All Agents

Map

Florida Brevard County Melbourne 32940 Suntree

1327 Cypress Trace Dr, Melbourne, 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.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.