NOT LISTED FOR SALE

225 Madrid Ct Satellite Beach, FL 32937

Estimated Value: $845,000 - $1,096,000

4 Beds
2 Baths
2,215 Sq Ft
$453/Sq Ft Est. Value

Last Sold January 15, 2021

Last sale price $800,000 $361 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $6,498/month

Highlights

  • Boat Dock
  • Home fronts navigable water
  • In Ground Pool
  • Surfside Elementary School Rated A-
  • Boat Lift
  • Canal View

About This Home

As of January 2021

Attention Boaters & Fisherman! Phenomenal DEEP water canal front home located on a cul-de-sac lot in the Satellite Beach. Just off the Grand Canal, the home offers 130 feet of waterfront that includes a covered boat dock and lift. The residence has been tastefully updated including premium tile flooring, custom cabinetry, granite countertops, recessed lighting and more. The foyer opens to a large living space or great room featuring canal and pool views. A counter height breakfast bar delineates the kitchen and great room. The kitchen's distinctive design and finishes reflect a clean, minimalist aesthetic that is echoed throughout the home. Wall cabinets were minimized to open the kitchen space and allow unobstructed views of the canal. A custom pantry was added to meet all storage needs. needs.

Last Agent to Sell the Property

Greg Ellingson

Ellingson Properties License #3066292 Listed on: 11/24/2020

Co-Listed By

Richard Melo

Ellingson Properties License #3148584

Last Buyer's Agent

Scott Bouchard

Dale Sorensen Real Estate Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,173

Year Built

  • Built in 1976

Lot Details

  • 0.25 Acre Lot
  • Home fronts navigable water
  • Home fronts a canal
  • South Facing Home

HOA Fees

  • $39 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Tile Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,215 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Family Room
  • Dining Room
  • Screened Porch
  • Tile Flooring
  • Canal Views

Kitchen

  • Breakfast Bar
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Sink Near Laundry

Pool

  • In Ground Pool
  • Screen Enclosure

Outdoor Features

  • Boat Lift
  • Deck
  • Patio
  • Outdoor Kitchen

Schools

  • Surfside Elementary School
  • Delaura Middle School
  • Satellite High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 26-37-34-78-00000.0-0025.00

Community Details

Overview

  • Fountains Unit 2, The Association
  • Fountains Unit 2 The Subdivision
  • Maintained Community

Recreation

  • Boat Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,173

Year Built

Built in 1976

Lot Details

0

HOA Fees

$39 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1976
  • Reso Property Sub Type: Single Family Residence
  • ResoLaundryFeatures: Sink
  • Reso View: Canal, Water
  • Reso Association Amenities: Boat Dock, Maintenance Grounds, Management - Full Time
  • Co List Office Mls Id: elpr0
  • Co List Office Phone: 321-750-7050
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Fountains Unit 2 The
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 26-37-34-78-00000.0-0025.00
  • Location Tax and Legal Elementary School: Surfside
  • Location Tax and Legal Middle School2: DeLaura
  • Location Tax and Legal High School: Satellite
  • Location Tax and Legal Tax Annual Amount: 11173.49
  • Location Tax and Legal Tax Year2: 2020
  • General Property Information Living Area2: 2215.0
  • General Property Information Building Area Total3: 2744.0
  • General Property Information Lot Size Acres: 0.25
  • General Property Information Lot Size Square Feet2: 10890.0
  • 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: South
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Flooring Tile: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • Levels One: Yes
  • Pool Features In Ground: Yes
  • Pool Features Private: Yes
  • Association Amenities Maintenance Grounds2: Yes
  • Sewer:Public Sewer: Yes
  • Laundry Features Sink: Yes
  • Water Source Public: Yes
  • Interior Features Primary Bathroom -Tub with Separate Shower: Yes
  • Roof:Tile2: Yes
  • General Property Information Carport YN2: No
  • View Water3: Yes
  • Room Types Dining Room: Yes
  • Pool Features Screen Enclosure: Yes
  • Room Types Family Room: Yes
  • Room Types Laundry: Yes
  • Exterior Features Boat Lift: Yes
  • ViewCanal: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), Primary Bathroom - Tub with Shower, Primary Bathroom -Tub with Separate Shower, Primary Downstairs, Split Bedrooms, Walk-In Closet(s)
  • Flooring: Tile
  • Appliances: Dishwasher, Electric Water Heater, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • ResoLivingAreaSource: PublicRecords
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Breakfast Bar: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Split Bedrooms: Yes
  • Interior Features:Walk-In Closet(s): Yes

Exterior Features

  • Exterior Features: Outdoor Kitchen, Boat Lift
  • Pool Features: In Ground, Private, Screen Enclosure
  • Roof: Tile
  • Acres: 0.25
  • Waterfront Features: Canal Front, Navigable Water
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: South
  • Patio And Porch Features: Deck, Patio, Porch, Screened
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Patio And Porch Features:Deck: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Screened: Yes
  • Exterior Features Outdoor Kitchen2: Yes
  • Waterfront Features:Canal Front: Yes
  • Waterfront Features:Navigable Water: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Attached: Yes

Utilities

  • Cooling: Central Air, Electric
  • Heating: Central
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 465.0
  • Association Fee Frequency: Annually
  • Association Name: FOUNTAINS UNIT 2, THE
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Name: FOUNTAINS UNIT 2, THE
  • General Property Information:Association Fee: 465.0
  • General Property Information:Association Fee Frequency: Annually
  • Association Amenities:Boat Dock: Yes

Schools

  • Middle Or Junior School: DeLaura

Lot Info

  • Lot Size Sq Ft: 10890.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 26-37-34-78-00000.0-0025.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 11173.49

MLS Schools

  • Elementary School: Surfside
  • High School: Satellite

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 24, 2020
Closed on
Jan 13, 2021
Sold by
Garcia Miguel and Garcia Danielle
Bought by
Bayruns Robert and Bayruns Stephanie W
Seller's Agent
Greg Ellingson
Ellingson Properties
Buyer's Agent
Scott Bouchard
Dale Sorensen Real Estate Inc.
List Price
$800,000
Sold Price
$800,000
Current Estimated Value
$1,002,447

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$202,447
Avg. Annual Appreciation
4.83%
Original Mortgage
$548,250
Outstanding Balance
$400,861
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$601,586

Purchase Details

Listed on
Jan 12, 2018
Closed on
Jul 12, 2018
Sold by
Moccla Roger D
Bought by
Garcia Miguel and Green Danielle
Seller's Agent
Robert Norton
RE/MAX Solutions
Buyer's Agent
Heather Guandolo
Dreyer & Associates R.E. Grp.
List Price
$789,000
Sold Price
$705,000
Premium/Discount to List
-$84,000
-10.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.14%
Original Mortgage
$564,000
Interest Rate
4.5%

Purchase Details

Listed on
Apr 29, 2016
Closed on
Jun 15, 2016
Sold by
Davis Jeffery D and Davis Wendy
Bought by
Moccia Roger D
Seller's Agent
Kalli Kamholz
Hart To Hart Real Estate, Inc.
Buyer's Agent
Toni Pastermack
Pastermack Real Estate
List Price
$694,000
Sold Price
$711,000
Premium/Discount to List
$17,000
2.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.41%
Original Mortgage
$660,000
Interest Rate
3.61%

Purchase Details

Listed on
Feb 18, 2014
Closed on
Jun 10, 2014
Sold by
Whitney Frank Edward and Whitney Patricia Jo
Bought by
Davis Jeffery S and Davis Wendy
Seller's Agent
Karen Osiniak
RE/MAX Elite
Buyer's Agent
Kalli Kamholz
Hart To Hart Real Estate, Inc.
List Price
$599,900
Sold Price
$560,000
Premium/Discount to List
-$39,900
-6.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.61%
Original Mortgage
$448,000
Interest Rate
4.36%

Purchase Details

Closed on
May 11, 2009
Sold by
Weber Mark J and Weber Cathy B
Bought by
Whitney Frank Edward and Whitney Patricia Jo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.79%

Purchase Details

Closed on
Oct 1, 2003
Sold by
Rainis Edward A and Rainis Linda C
Bought by
Weber Mark J and Weber Cathy B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.75%

Purchase Details

Closed on
Feb 16, 1996
Sold by
Rainis Edward A and Rainis Linda C
Bought by
Rainis Edward A
Source: Public Records

Range of Values:

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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
Bayruns Robert $800,000 E Title Services Llc
Garcia Miguel $705,000 Title Solutions Of Florida
Moccia Roger D $711,000 North American Title Company
Davis Jeffery S $560,000 State Title Partners Llp
Whitney Frank Edward $532,000 None Available
Weber Mark J $450,000 State Title Partners Llp
Rainis Edward A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bayruns Robert $548,250
Previous Owner Garcia Miguel $564,000
Previous Owner Moccia Roger D $660,000
Previous Owner Davis Jeffery S $448,000
Previous Owner Whitney Frank Edward $417,000
Previous Owner Weber Mark J $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/15/2021 01/15/21 Sold $800,000 0.0% $361 / Sq Ft
11/24/2020 11/24/20 Pending -- -- --
11/24/2020 11/24/20 For Sale $800,000 +13.5% $361 / Sq Ft
07/12/2018 07/12/18 Sold $705,000 -3.3% $318 / Sq Ft View Prior Sale
05/28/2018 05/28/18 Pending -- -- --
05/27/2018 05/27/18 Price Changed $729,000 -2.7% $329 / Sq Ft
05/05/2018 05/05/18 Price Changed $749,000 -2.6% $338 / Sq Ft
03/23/2018 03/23/18 Price Changed $769,000 -2.5% $347 / Sq Ft
01/12/2018 01/12/18 For Sale $789,000 +11.0% $356 / Sq Ft
06/15/2016 06/15/16 Sold $711,000 +2.4% $310 / Sq Ft View Prior Sale
04/30/2016 04/30/16 Pending -- -- --
04/29/2016 04/29/16 For Sale $694,000 +23.9% $303 / Sq Ft
06/13/2014 06/13/14 Sold $560,000 -6.7% $253 / Sq Ft View Prior Sale
04/21/2014 04/21/14 Pending -- -- --
02/18/2014 02/18/14 For Sale $599,900 -- $271 / 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 $14,547 $850,030 -- --
2024 $14,405 $826,080 -- --
2023 $14,405 $802,020 $0 $0
2022 $13,097 $750,460 $0 $0
2021 $12,070 $605,200 $275,000 $330,200
2020 $11,173 $598,780 $0 $0
2019 $11,147 $585,320 $260,000 $325,320
2018 $12,325 $581,240 $260,000 $321,240
2017 $10,901 $562,700 $260,000 $302,700
2016 $8,940 $455,140 $220,000 $235,140
2015 $9,174 $451,980 $200,000 $251,980
2014 $6,276 $316,700 $175,000 $141,700
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 891008

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 26-37-34-78-00000.0-0025.00