1340 Democracy Ave Melbourne, FL 32940
4
Beds
3
Baths
2,361
Sq Ft
0.31
Acres
Highlights
- Golf Course Community
- Gated with Attendant
- Lake View
- Fitness Center
- Senior Community
- Clubhouse
About This Home
As of September 2023Expanded Montpelier model located in a military , country club community. Grand entry with double doors, porcelain wood looking tile, vaulted ceiling, and crown molding. Updates continue into the kitchen that has been expanded as well and has granite kitchen countertops. Includes an added BONUS office space. This home offers tons of space for entertainment and guests and a lovely Waterview. DON'T MISS OUT ! Home to over 600 Military Veterans, Indian River Colony Club is a Private 55+ Country Club community with an extensive maintenance program for each home, an 18-hole golf course, fine dining restaurant with an executive chef & the 19th Hole restaurant and bar, fitness center, heated swimming pool, tennis courts, croquet, bocce ball, shuffleboard, pet-friendly, gated community with over over
Last Agent to Sell the Property
Four Star Real Estate LLC License #3325835 Listed on: 03/07/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,492
Year Built
- Built in 1988
Lot Details
- 0.31 Acre Lot
- East Facing Home
Parking
- 3 Car Attached Garage
Property Views
- Lake
- Pond
- Golf Course
Home Design
- Frame Construction
- Shingle Roof
- Wood Siding
- Stucco
Interior Spaces
- 2,361 Sq Ft Home
- 1-Story Property
- Vaulted Ceiling
- Ceiling Fan
- Living Room
- Dining Room
- Home Office
- Library
Kitchen
- Electric Range
- <<microwave>>
- Dishwasher
- Kitchen Island
Flooring
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Split Bedroom Floorplan
- Walk-In Closet
- 3 Full Bathrooms
- Bathtub and Shower Combination in Primary Bathroom
Laundry
- Laundry in Garage
- Dryer
Schools
- Quest Elementary School
- Kennedy Middle School
- Viera High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 26-36-03-01-0000b.0-0106.00
Community Details
Overview
- Senior Community
- No Home Owners Association
- Association fees include cable TV, internet, pest control
- Indian River Colony Club Pud Phase 1 Unit 2 Association
- Indian River Colony Club Pud Phase 2 Unit 1 Subdivision
- Maintained Community
Recreation
- Golf Course Community
- Tennis Courts
- Shuffleboard Court
- Fitness Center
- Community Pool
Additional Features
- Clubhouse
- Gated with Attendant
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 30, 2024
Sold by
Connolly Suzanne P
Bought by
Linsday Leigh Ann
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,600
Outstanding Balance
$279,697
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$140,886
Purchase Details
Listed on
Mar 7, 2023
Closed on
Sep 5, 2023
Sold by
John R Cleland And Clara K Cleland Trust
Bought by
Connolly Suzanne P and Lindsay Leigh Ann
Seller's Agent
Shellie Raymond
Four Star Real Estate LLC
Buyer's Agent
Robin Steininger
Four Star Real Estate LLC
List Price
$420,000
Sold Price
$347,000
Premium/Discount to List
-$73,000
-17.38%
Views
315
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.83%
Original Mortgage
$264,550
Interest Rate
6.81%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 1, 2001
Sold by
Birch Howard Leigh and Birch Patricia Irene
Bought by
Cleland John R and Cleland Clara K
Purchase Details
Closed on
Nov 12, 1999
Sold by
Bunn Ralph W
Bought by
Birch Howard Leigh and Birch Patricia Irene
Similar Homes in Melbourne, 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 | $100 | Southern Capital Title Agency | |
| Warranty Deed | $347,000 | Southern Capital Title Agency | |
| Warranty Deed | $185,000 | -- | |
| Warranty Deed | $169,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $281,600 | New Conventional | |
| Previous Owner | $264,550 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/17/2025 07/17/25 | For Sale | $425,000 | +22.5% | $180 / Sq Ft |
| 09/05/2023 09/05/23 | Sold | $347,000 | -4.9% | $147 / Sq Ft |
| 08/09/2023 08/09/23 | Pending | -- | -- | -- |
| 07/05/2023 07/05/23 | Price Changed | $365,000 | -6.2% | $155 / Sq Ft |
| 06/01/2023 06/01/23 | Price Changed | $389,000 | -7.4% | $165 / Sq Ft |
| 03/07/2023 03/07/23 | For Sale | $420,000 | -- | $178 / 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 | $4,553 | $315,500 | $47,250 | $268,250 |
| 2022 | $1,492 | $113,060 | $0 | $0 |
| 2021 | $1,501 | $109,770 | $0 | $0 |
| 2020 | $1,411 | $108,260 | $0 | $0 |
| 2019 | $1,344 | $105,830 | $0 | $0 |
| 2018 | $1,333 | $103,860 | $0 | $0 |
| 2017 | $817 | $101,730 | $0 | $0 |
| 2016 | $769 | $99,640 | $23,000 | $76,640 |
| 2015 | $824 | $98,950 | $23,000 | $75,950 |
| 2014 | $825 | $98,170 | $18,000 | $80,170 |
Source: Public Records
Agents Affiliated with this Home
-
Shellie Raymond
Seller's Agent in 2025
Shellie Raymond
Four Star Real Estate LLC
(321) 325-9974
264 Total Sales
-
Robin Steininger
Seller Co-Listing Agent in 2025
Robin Steininger
Four Star Real Estate LLC
(321) 505-1468
261 Total Sales
Map
Source: Space Coast MLS (Space Coast Association of REALTORS®)
MLS Number: 959024
APN: 26-36-03-01-0000B.0-0106.00
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