NOT LISTED FOR SALE

1950 Gates Rd Merritt Island, FL 32952

Estimated Value: $1,175,441 - $1,305,000

6 Beds
2.5 Baths
3,642 Sq Ft
$341/Sq Ft Est. Value

Last Sold February 05, 2021

Last sale price $850,000 $233 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $6,864/month

70 Days on Market

Highlights

  • Boat Dock
  • River Front
  • Main Floor Primary Bedroom
  • In Ground Pool
  • RV Access or Parking
  • Great Room

About This Home

As of February 2021

~ NEWFOUND HARBOR WATERFRONT~ This Merritt Island BEAUTY awaits a new family! We welcome you to this 6 BED, 2.5 Bth POOL Residence! Over 3K sq. ft., this lovely abode with an additional STUDY offers an abundance of space for those who may be working & studying from home! The open layout includes spacious Kitchen & Family Living areas that overlook the Backyard OASIS. Master Bedrooms are located on both floors~ great for the extended family visits! Adorable Loft Bedrooms on the second floor share a balcony for enjoying those MILLION DOLLAR RIVER VIEWS! NEW Upstairs FLOORING, NEW Interior & Exterior PAINT! 2 NEWER HVACS & WATER HEATER! Plenty of Dock space for the BOAT! NO HOA & parking for the RV & extra Toys! Great proximity to KSC, Orlando & the Space Coast Beaches. FLEXIBLE SELLERS!

Last Agent to Sell the Property

Kim Tillett

One Sotheby's International Listed on: 10/09/2020

Last Buyer's Agent

Kim Tillett

One Sotheby's International License #3218969

One Sotheby's International

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,082

Year Built

  • Built in 1988

Lot Details

  • 0.36 Acre Lot
  • River Front
  • Street terminates at a dead end
  • East Facing Home
  • Vinyl Fence

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Guest Parking
  • RV Access or Parking

Home Design

  • Frame Construction
  • Shingle Roof
  • Wood Siding
  • Asphalt
  • Stucco

Interior Spaces

  • 3,642 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Ceiling Fan
  • Wood Burning Fireplace
  • Great Room
  • Family Room
  • Home Office
  • Library
  • Water Views

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Electric Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • In-Law or Guest Suite

Laundry

  • Laundry Room
  • Dryer

Outdoor Features

  • In Ground Pool
  • Balcony
  • Porch

Schools

  • Tropical Elementary School
  • Jefferson Middle School
  • Merritt Island High School

Utilities

  • Cooling Available
  • Heating Available
  • Gas Water Heater
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 25-37-07-00-00767.0-0000.00

Community Details

Overview

  • No Home Owners Association
  • New Found Harbor Subdivision

Recreation

  • Boat Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,082

Year Built

Built in 1988

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1988
  • Reso Property Sub Type: Single Family Residence
  • ResoLotFeatures: Dead End Street
  • Road Surface Type: Asphalt
  • Reso View: Water
  • Water Body Name: Newfound Harbor
  • Reso Association Amenities: Boat Dock
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: New Found Harbor
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 25-37-07-00-00767.0-0000.00
  • Location Tax and Legal Elementary School: Tropical
  • Location Tax and Legal Middle School2: Jefferson
  • Location Tax and Legal High School: Merritt Island
  • Location Tax and Legal Tax Annual Amount: 8082.09
  • Location Tax and Legal Tax Year2: 2020
  • General Property Information Living Area2: 3642.0
  • General Property Information Building Area Total3: 4055.0
  • General Property Information Lot Size Acres: 0.36
  • General Property Information Lot Size Square Feet2: 15682.0
  • General Property Information New Construction YN: No
  • General Property Information Waterfront YN: Yes
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: East
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling:Electric: Yes
  • Fencing Fenced2: Yes
  • Flooring Laminate: Yes
  • Flooring Tile: Yes
  • Appliances Dryer: Yes
  • Pool Features In Ground: Yes
  • Pool Features Private: Yes
  • Lot Features Dead End Street: Yes
  • Road Surface Type Asphalt: Yes
  • Roof:Shingle: Yes
  • Utilities Cable Available: Yes
  • Levels Two: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • View Water3: Yes
  • Room Types Great Room: Yes
  • Interior Features Breakfast Nook: Yes
  • Room Types Family Room: Yes
  • Room Types Laundry: Yes
  • Room Types Library: Yes
  • Room Types Office: Yes
  • Interior Features Guest Suite: Yes
  • Fencing Vinyl2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Breakfast Bar, Breakfast Nook, Built-in Features, Ceiling Fan(s), Guest Suite, Kitchen Island, Pantry, Primary Downstairs, Walk-In Closet(s)
  • Flooring: Laminate, Tile
  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Gas Water Heater, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace Features: Wood Burning, Other
  • ResoLivingAreaSource: Other
  • General Property Information Bathrooms Half: 1
  • Appliances Dishwasher: Yes
  • Interior Features:Primary Downstairs: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Breakfast Bar: Yes
  • Interior Features:Built-in Features: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Kitchen Island: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Fireplace Features:Wood Burning: Yes
  • Appliances:Gas Water Heater: Yes

Exterior Features

  • Exterior Features: Balcony
  • Pool Features: In Ground, Private, Other
  • Roof: Shingle
  • Fencing: Fenced, Vinyl
  • Acres: 0.36
  • Waterfront Features: River Front
  • Waterfront: Yes
  • Construction Type: Frame, Stucco, Wood Siding
  • Direction Faces: East
  • Patio And Porch Features: Porch
  • Construction Materials:Stucco: Yes
  • Patio and Porch Features:Porch: Yes
  • Construction Materials:Frame: Yes
  • Construction Materials:Wood Siding: Yes
  • Exterior Features:Balcony: Yes
  • Waterfront Features:River Front: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage Door Opener, Guest, RV Access/Parking
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Attached: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Guest: Yes
  • Parking Features:RV AccessParking: Yes

Utilities

  • Cooling: Electric
  • Utilities: Cable Available, Water Available
  • Heating: Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric3: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No
  • Association Amenities:Boat Dock: Yes

Schools

  • Middle Or Junior School: Jefferson

Lot Info

  • Lot Size Sq Ft: 15682.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2515133
  • Parcel #: 25-37-07-00-00767.0-0000.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 8082.09

MLS Schools

  • Elementary School: Tropical
  • High School: Merritt Island

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 22, 2024
Sold by
Watters Harry F and Watters Holly Elizabeth
Bought by
Headley Jessica N
Current Estimated Value
$1,241,360

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$993,242
Interest Rate
6.95%
Mortgage Type
VA
Estimated Equity
$223,923

Purchase Details

Listed on
Oct 9, 2020
Closed on
Feb 5, 2021
Sold by
Howell Timothy M and Howell Tammara
Bought by
Watters Harry F and Watters Elizabeth
Seller's Agent
Kim Tillett
One Sotheby's International
Buyer's Agent
Kim Tillett
One Sotheby's International
List Price
$905,000
Sold Price
$850,000
Premium/Discount to List
-$55,000
-6.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.31%
Original Mortgage
$850,000
Interest Rate
2.6%
Mortgage Type
VA

Purchase Details

Closed on
Jun 4, 2002
Sold by
Perez Joseph A
Bought by
Howell Timothy M and Howell Tammara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,700
Interest Rate
6.85%
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
Headley Jessica N $1,200,000 None Listed On Document
Watters Harry F $850,000 Island T&E Agcy Inc
Howell Timothy M $385,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Headley Jessica N $1,000,000
Previous Owner Watters Harry F $850,000
Previous Owner Howell Timothy M $78,000
Previous Owner Howell Timothy M $300,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/05/2021 02/05/21 Sold $850,000 -4.4% $233 / Sq Ft
12/18/2020 12/18/20 Pending -- -- --
11/09/2020 11/09/20 Price Changed $889,000 -1.8% $244 / Sq Ft
10/09/2020 10/09/20 For Sale $905,000 -- $248 / 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 $814 $878,230 $394,500 $483,730
2022 $10,033 $783,790 $0 $0
2021 $8,578 $600,640 $277,500 $323,140
2020 $8,082 $555,390 $237,000 $318,390
2019 $5,553 $397,890 $0 $0
2018 $5,583 $390,480 $0 $0
2017 $5,665 $382,450 $0 $0
2016 $5,784 $374,590 $228,000 $146,590
2015 $5,974 $371,990 $209,500 $162,490
2014 $6,025 $369,040 $209,500 $159,540
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2021

    Kim Tillett

    One Sotheby's International

See All Agents

Map

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

MLS Number: 887276

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 25-37-07-00-00767.0-0000.00

Florida Brevard County Merritt Island 32952

1950 Gates Rd, Merritt Island, FL

This home is located at 1950 Gates Rd, Merritt Island, FL 32952 since 09 October 2020 and is currently estimated at $1,241,360, approximately $340 per square foot. This property was built in 1988. 1950 Gates Rd is a home located in Brevard County with nearby schools including Tropical Elementary School, Thomas Jefferson Middle School, and Merritt Island High School.

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.

Space Coast MLS (Space Coast Association of REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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