NOT LISTED FOR SALE

2365 Homestead Ln Malabar, FL 32950

Estimated Value: $520,088 - $561,000

3 Beds
2 Baths
1,714 Sq Ft
$319/Sq Ft Est. Value

Last Sold August 28, 2023

Last sale price $575,000 $335 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $3,415/month

9 Days on Market

Highlights

  • Boat Dock
  • Wood Flooring
  • Screened Porch
  • Saltwater Pool
  • No HOA
  • Separate Outdoor Workshop

About This Home

As of August 2023

Nestled in the serene neighborhood of Malabar, this charming 3-bedroom, 2-bathroom home sits on an expansive 1.25-acre lot, offering plenty of space and privacy. The property boasts a picturesque pond, adding a touch of tranquility to the surroundings. A workshop/shed provides ample storage and workspace for various projects.
In 2021, the property underwent significant renovations, ensuring a comfortable and modern living experience for its residents. A new septic tank and drain field were installed, providing efficient wastewater management. A new roof was also put in place, safeguarding the property from the elements and enhancing its overall durability.The home's HVAC system was replaced with a new one, ensuring optimal climate control and energy efficiency. Both the exterior and interior of the property received a fresh coat of paint, enhancing its curb appeal and giving it a well-maintained appearance. Continuing into 2022, additional improvements were made to the property. A new dock was constructed, providing a perfect spot to relax and enjoy the scenic pond. A new hot water tank was installed, ensuring a consistent and reliable supply of hot water for the residents. The bathrooms were upgraded with new lighting fixtures, vanities, and toilets, creating a refreshed and contemporary atmosphere. The pool underwent a salt conversion, offering a more environmentally friendly and low-maintenance approach to pool maintenance. New electrical work was implemented specifically for the pool, ensuring safety and efficient operation. The back workshop underwent a complete rebuild, including a new roof, flooring, and walls. This renovation enhances the functionality of the space, providing a versatile area for various projects and storage needs. The kitchen received an upgrade with new granite countertops, adding elegance and durability to the space. The installation of a generator transfer switch provides peace of mind during power outages, allowing for seamless switching to generator power. For added luxury and relaxation, a hot tub was added to the property, complete with new electrical work to ensure safe operation. Two new interior slider doors were installed, improving accessibility and enhancing the flow between rooms. The interior doors throughout the property were also updated, contributing to the overall aesthetic cohesion and modernization of the home.'||chr(10)||'As you step outside, you'll be greeted by a custom-built 775-square-foot paver patio outdoor fireplace, accompanied by two 6-foot benches.. This charming addition provides a cozy and inviting outdoor space for gatherings and relaxation.With its beautiful surroundings, extensive upgrades, and thoughtful renovations, this Malabar property offers a unique blend of comfort, functionality, and natural beauty, making it a desirable home for those seeking a peaceful and modern lifestyle. Welcome to Resort-style living right in your very own backyard!'||chr(10)||''||chr(10)||''||chr(10)||''||chr(10)||''||chr(10)||''||chr(10)||'

Last Agent to Sell the Property

Kristy Patjens

Denovo Realty License #647823 Listed on: 07/13/2023

Denovo Realty

Last Buyer's Agent

Michael Moore

Redfin Corp. License #3024531

Redfin Corp.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,626

Year Built

  • Built in 1980

Lot Details

  • 1.25 Acre Lot
  • Northwest Facing Home

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

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

Interior Spaces

  • 1,714 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Family Room
  • Living Room
  • Dining Room
  • Screened Porch

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Saltwater Pool
  • Above Ground Spa
  • Screen Enclosure

Outdoor Features

  • Patio
  • Fire Pit
  • Separate Outdoor Workshop
  • Shed

Schools

  • Port Malabar Elementary School
  • Stone Middle School
  • Palm Bay High School

Utilities

  • Central Heating and Cooling System
  • Well
  • Electric Water Heater
  • Water Softener is Owned

Listing and Financial Details

  • Assessor Parcel Number 29-37-02-75-00000.0-0024.00

Community Details

Overview

  • No Home Owners Association
  • Sugar Pines Association
  • Sugar Pines Subdivision

Recreation

  • Boat Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,626

Year Built

Built in 1980

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1980
  • Reso Property Sub Type: Single Family Residence
  • Road Surface Type: Asphalt
  • Reso Association Amenities: Boat Dock
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Sugar Pines
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Reso Other Structures: Shed(s), Workshop
  • Location Tax and Legal Parcel Number2: 29-37-02-75-00000.0-0024.00
  • Location Tax and Legal Elementary School: Port Malabar
  • Location Tax and Legal Middle School2: Stone
  • Location Tax and Legal High School: Palm Bay
  • Location Tax and Legal Tax Annual Amount: 5626.15
  • Location Tax and Legal Tax Year2: 2022
  • General Property Information Living Area2: 1714.0
  • General Property Information Building Area Total3: 2220.0
  • General Property Information Lot Size Acres: 1.25
  • General Property Information Lot Size Square Feet2: 54450.0
  • General Property Information New Construction YN: No
  • General Property Information Waterfront YN: No
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: Northwest
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Flooring Laminate: Yes
  • Flooring Tile: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Flooring Wood: Yes
  • Levels One: Yes
  • Pets Allowed Yes: Yes
  • Pool Features Private: Yes
  • Road Surface Type Asphalt: Yes
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Well: Yes
  • General Property Information Carport YN2: No
  • Other Structures Shed(s): Yes
  • Room Types Dining Room: Yes
  • Other Structures Workshop: Yes
  • Pool Features Screen Enclosure: Yes
  • Room Types Family Room: Yes
  • Room Types Laundry: Yes
  • Room Types Living Room: Yes
  • Pool Features Salt Water: Yes
  • Spa Features Above Ground2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Ceiling Fan(s), Pantry, Split Bedrooms, Walk-In Closet(s)
  • Flooring: Laminate, Tile, Wood
  • Spa Features: Above Ground
  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer, Water Softener Owned
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • ResoLivingAreaSource: PublicRecords
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Split Bedrooms: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Appliances:Water Softener-Owned: Yes

Exterior Features

  • Exterior Features: Fire Pit
  • Pool Features: Private, Salt Water, Screen Enclosure
  • Roof: Shingle
  • Acres: 1.25
  • Waterfront: No
  • Construction Type: Frame, Stucco, Wood Siding
  • Direction Faces: Northwest
  • Patio And Porch Features: Patio, Porch, Screened
  • Construction Materials:Stucco: Yes
  • Exterior Features:Fire Pit: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Screened: Yes
  • Construction Materials:Frame: Yes
  • Construction Materials:Wood Siding: Yes

Garage/Parking

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

Utilities

  • Cooling: Central Air, Electric
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Well
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Name: SUGAR PINES
  • Association: No

Association/Amenities

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

Schools

  • Middle Or Junior School: Stone

Lot Info

  • Lot Size Sq Ft: 54450.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2922707
  • Parcel #: 29-37-02-75-00000.0-0024.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5626.15

MLS Schools

  • Elementary School: Port Malabar
  • High School: Palm Bay

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2023
Closed on
Aug 25, 2023
Sold by
Rode Dyana M and Rode Gregory R
Bought by
Simmons Jared Thomas and Jung Heeyeon
Seller's Agent
Kristy Patjens
Denovo Realty
Buyer's Agent
Michael Moore
Redfin Corp.
List Price
$585,000
Sold Price
$575,000
Premium/Discount to List
-$10,000
-1.71%
Views
37
Current Estimated Value
$547,022

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$27,978
Avg. Annual Appreciation
-0.41%
Original Mortgage
$379,687
Outstanding Balance
$371,993
Interest Rate
6.96%
Mortgage Type
VA
Estimated Equity
$198,326

Purchase Details

Listed on
Apr 9, 2021
Closed on
Jul 30, 2021
Sold by
Offerpad Spvborrower1 Llc
Bought by
Rode Dyana M
Seller's Agent
Robert Jones
Offerpad Brokerage ''FL'' LLC
Buyer's Agent
Kristy Patjens
RE/MAX Solutions
List Price
$414,900
Sold Price
$380,000
Premium/Discount to List
-$34,900
-8.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.03%
Original Mortgage
$304,000
Interest Rate
2.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 19, 2021
Sold by
Schremp Larry and Schremp Theresa
Bought by
Offerpad Spvborrower1 Llc

Purchase Details

Closed on
Jul 21, 2004
Sold by
Whitacre June M
Bought by
Schremp Larry and Schremp Theresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
6.24%
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
Simmons Jared Thomas $575,000 Prestige Title Of Brevard
Rode Dyana M $380,000 First American Title Ins Co
Offerpad Spvborrower1 Llc $346,200 First American Title Ins Co
Schremp Larry $195,000 Alliance Title Of Brevard Ll
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simmons Jared Thomas $379,687
Previous Owner Rode Dyana M $304,000
Previous Owner Schremp Larry $168,700
Previous Owner Schremp Larry $156,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2023 08/28/23 Sold $575,000 -1.7% $335 / Sq Ft
07/23/2023 07/23/23 Pending -- -- --
07/13/2023 07/13/23 For Sale $585,000 +53.9% $341 / Sq Ft
07/30/2021 07/30/21 Sold $380,000 -3.8% $222 / Sq Ft
06/20/2021 06/20/21 Pending -- -- --
06/01/2021 06/01/21 Price Changed $394,900 -1.3% $230 / Sq Ft
05/21/2021 05/21/21 Price Changed $399,900 -2.4% $233 / Sq Ft
05/06/2021 05/06/21 Price Changed $409,900 -1.2% $239 / Sq Ft
04/09/2021 04/09/21 For Sale $414,900 -- $242 / 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
2024 $5,215 $335,110 -- --
2023 $5,215 $363,590 $100,000 $263,590
2022 $5,626 $403,890 $0 $0
2021 $1,537 $140,910 $0 $0
2020 $1,528 $138,970 $0 $0
2019 $1,499 $135,850 $0 $0
2018 $1,490 $133,320 $0 $0
2017 $1,498 $130,580 $0 $0
2016 $1,498 $127,900 $52,000 $75,900
2015 $1,536 $127,020 $45,000 $82,020
2014 $1,533 $126,020 $40,000 $86,020
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 969337

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 29-37-02-75-00000.0-0024.00