NOT LISTED FOR SALE

1537 Alaqua Way Melbourne, FL 32904

Estimated Value: $499,428 - $580,000

5 Beds
3.5 Baths
2,732 Sq Ft
$194/Sq Ft Est. Value

Last Sold September 18, 2020

Last sale price $390,000 $143 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $3,343/month

Highlights

  • Lake Front
  • In Ground Pool
  • Open Floorplan
  • Melbourne Senior High School Rated A-
  • Home fronts a pond
  • Main Floor Primary Bedroom

About This Home

As of August 2023

Welcome to your ideal rental opportunity: a spacious 5-bedroom, 3.5-bath home boasting a lakefront view and a refreshing pool. This beautifully remodeled home is ready to become your next retreat.
Step inside to find an open floor plan that effortlessly combines the living room, dining area, and a fully renovated kitchen. With ample natural light, it offers a warm and inviting atmosphere for all your family gatherings and get-togethers with friends.
Out back, you'll find a modest but relaxing pool that's just right for cooling off during the hot summer days.
Close to shopping, schools and easy access to 95.
BONUS: it includes a Tesla Gen 3 Wall Connector charger hard wired for 40A!
Schedule a showing and experience the convenience and comfort this rental has to offer!

Last Agent to Rent the Property

Tamar Miller

Dragon Point Real Estate License #3394919 Listed on: 07/27/2023

Last Renter's Agent

Tamar Miller

Dragon Point Real Estate License #3394919 Listed on: 07/27/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,659

Year Built

  • Built in 2010

Lot Details

  • 5,663 Sq Ft Lot
  • Home fronts a pond
  • Lake Front
  • North Facing Home

HOA Fees

  • $55 Monthly HOA Fees

Parking

  • 2 Car Garage

Property Views

  • Water
  • Pool

Interior Spaces

  • 2,732 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Loft
  • Screened Porch

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Patio

Schools

  • Meadowlane Elementary School
  • Central Middle School
  • Melbourne High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • West Melbourne Landings Association
  • West Melbourne Landings Subdivision

Listing and Financial Details

  • Property Available on 7/27/23
  • The owner pays for grounds care, pest control, pool maintenance, taxes
  • Assessor Parcel Number 28-37-17-30-00000.0-0081.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,659

Year Built

Built in 2010

Lot Details

0

HOA Fees

$55 per month

Parking

2

Rental Info

  • Furnished: Unfurnished
  • Owner Pays: Grounds Care, Pest Control, Pool Maintenance, Taxes
  • Available Date: 2023-07-27

Listing Details

  • Property Type: Residential Lease
  • Year Built: 2010
  • Reso Property Sub Type: Single Family Residence
  • Reso View: Pool, Water
  • Subdivision Name: West Melbourne Landings
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • Location Tax and Legal Parcel Number2: 28-37-17-30-00000.0-0081.00
  • Location Tax and Legal Elementary School: Meadowlane
  • Location Tax and Legal Middle School2: Central
  • Location Tax and Legal High School: Melbourne
  • General Property Information Living Area2: 2732.0
  • General Property Information Lot Size Acres: 0.13
  • General Property Information Lot Size Square Feet2: 5662.8
  • General Property Information Waterfront YN: Yes
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: North
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Pool Features In Ground: Yes
  • Sewer:Public Sewer: Yes
  • View Pool: Yes
  • Levels Two: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • View Water3: Yes
  • Room Types Laundry: Yes
  • Utilities Sewer Available: Yes
  • Pets Allowed Breed Restrictions: Yes
  • Room Types Loft: Yes
  • Pets Allowed No: Yes
  • Utilities Electricity Available: Yes
  • General Property Information:Pool Private YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Ceiling Fan(s), Open Floorplan, Primary Bathroom - Tub with Shower, Primary Downstairs, Walk-In Closet(s)
  • Appliances: Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • ResoLivingAreaSource: PublicRecords
  • General Property Information Bathrooms Half: 1
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Interior Features:Primary Downstairs: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Open Floorplan: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Walk-In Closet(s): Yes

Exterior Features

  • Pool Features: In Ground
  • Acres: 0.13
  • Pool Private: Yes
  • Waterfront: Yes
  • Direction Faces: North
  • Patio And Porch Features: Patio, Screened
  • Patio And Porch Features:Patio: Yes
  • Patio And Porch Features:Screened: Yes
  • Waterfront Features:Lake Front: Yes
  • Waterfront Features:Pond2: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Garage
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Garage: Yes

Utilities

  • Cooling: Central Air, Electric
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Heating: Electric, Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Electric3: Yes
  • Heating:Heat Pump: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 55.0
  • Association Fee Frequency: Monthly
  • Association Name: WEST MELBOURNE LANDINGS
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Name: WEST MELBOURNE LANDINGS
  • General Property Information:Association Fee: 55.0
  • General Property Information:Association Fee Frequency: Monthly

Schools

  • Middle Or Junior School: Central

Lot Info

  • Lot Size Sq Ft: 5662.8
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2864767
  • Parcel #: 28-37-17-30-00000.0-0081.00
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: Meadowlane
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2020
Closed on
Sep 18, 2020
Sold by
Gambino James A and Gambino James A
Bought by
Patel Deep Nimish and Patel Aashna Jayesh
Seller's Agent
Marcie Bolt
Engel & Voelkers Melb. Central
Buyer's Agent
Tamar Tammy Miller
SunCoast Real Estate Group
List Price
$399,982
Sold Price
$390,000
Premium/Discount to List
-$9,982
-2.5%
Current Estimated Value
$531,107

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$141,107
Avg. Annual Appreciation
6.28%
Original Mortgage
$370,500
Outstanding Balance
$328,184
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$202,923

Purchase Details

Closed on
Jul 15, 2010
Sold by
Adams Homes Of Northwest Florida Inc
Bought by
Gambino James A and Gambino James A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,504
Interest Rate
4.74%
Source: Public Records

Range of Values:

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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
Patel Deep Nimish $390,000 Attorney
Gambino James A $200,700 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Deep Nimish $370,500
Previous Owner Gambino James A $160,504
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/30/2023 08/30/23 Rented $3,500 0.0% --
08/28/2023 08/28/23 Under Contract -- -- --
07/25/2023 07/25/23 For Rent $3,500 0.0% --
09/18/2020 09/18/20 Sold $390,000 -2.5% $143 / Sq Ft View Prior Sale
08/14/2020 08/14/20 Pending -- -- --
07/09/2020 07/09/20 For Sale $399,982 -- $146 / 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
2025 $5,659 $404,130 -- --
2024 $5,501 $411,590 -- --
2023 $5,501 $406,930 $0 $0
2022 $4,869 $373,220 $0 $0
2021 $4,558 $287,230 $60,500 $226,730
2020 $4,322 $269,880 $55,000 $214,880
2019 $4,205 $253,490 $45,000 $208,490
2018 $4,309 $257,660 $45,000 $212,660
2017 $3,987 $228,450 $35,500 $192,950
2016 $4,031 $223,240 $35,500 $187,740
2015 $3,870 $200,950 $35,500 $165,450
2014 $3,539 $182,690 $25,000 $157,690
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 970959

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-37-17-30-00000.0-0081.00