NOT LISTED FOR SALE

2455 Palm Lake Dr Merritt Island, FL 32952

Estimated Value: $445,832 - $509,000

3 Beds
2 Baths
1,786 Sq Ft
$264/Sq Ft Est. Value

Last Sold August 31, 2021

Last sale price $410,000 $230 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $2,994/month

3 Days on Market

Highlights

  • Lake Front
  • Home fronts a pond
  • No HOA
  • Solar Heated In Ground Pool
  • Vaulted Ceiling
  • Screened Porch

About This Home

As of August 2021

Perfectly situated on a small natural lake on Merritt Island, this single-family home is on quiet road with little traffic and well-kept houses. Beautiful views. The nicely screened in-ground pool is very inviting and is solar heated. 3/2 split-plan with two living areas. Kitchen is open to the family room. Large 2-car garage. New roof in 2020. Other upgrades include Whole house water filter/softener, screened garage, security system, hurricane shutters. Easy access to Airport, Kennedy Space Center, Port Canaveral and much more. Less than 10 minutes to the barrier island beaches.

Last Agent to Sell the Property

John Bond

Cape Canaveral Real Estate License #3051325 Listed on: 07/20/2021

Last Buyer's Agent

Maria Traugott

One Sotheby's International License #3359113

One Sotheby's International

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,781

Year Built

  • Built in 1989

Lot Details

  • 0.26 Acre Lot
  • Home fronts a pond
  • Lake Front
  • North Facing Home

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Property Views

  • Lake
  • Pond

Home Design

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

Interior Spaces

  • 1,786 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Family Room
  • Living Room
  • Screened Porch

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

  • Security System Leased
  • Hurricane or Storm Shutters

Pool

  • Solar Heated In Ground Pool
  • Screen Enclosure

Outdoor Features

  • Patio

Schools

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

Utilities

  • Central Heating and Cooling System
  • Whole House Permanent Generator
  • Gas Water Heater
  • Water Softener is Owned
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Lakes Of Ridge Manor, The Phase Two Association

Listing and Financial Details

  • Assessor Parcel Number 24-37-18-28-00000.0-0040.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,781

Year Built

Built in 1989

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1989
  • Reso Property Sub Type: Single Family Residence
  • Road Surface Type: Asphalt
  • Reso View: Lake, Pond, Water
  • ResoSecurityFeatures: Security System Leased
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: None
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Financial Info Electric: Whole House Generator
  • Location Tax and Legal Parcel Number2: 24-37-18-28-00000.0-0040.00
  • Location Tax and Legal Elementary School: Audubon
  • Location Tax and Legal Middle School2: Jefferson
  • Location Tax and Legal High School: Merritt Island
  • Location Tax and Legal Tax Annual Amount: 1781.4
  • Location Tax and Legal Tax Year2: 2020
  • General Property Information Living Area2: 1786.0
  • General Property Information Building Area Total3: 2303.0
  • General Property Information Lot Size Acres: 0.26
  • General Property Information Lot Size Square Feet2: 11326.0
  • 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: North
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Flooring Tile: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Levels One: Yes
  • Pets Allowed Yes: Yes
  • Pool Features In Ground: Yes
  • Road Surface Type Asphalt: Yes
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • ViewPond: Yes
  • Flooring Carpet: Yes
  • Water Source Public: Yes
  • Interior Features Primary Bathroom -Tub with Separate Shower: Yes
  • General Property Information Carport YN2: No
  • View Water3: Yes
  • Pool Features Screen Enclosure: Yes
  • Pool Features Solar Heat: Yes
  • Room Types Family Room: Yes
  • Room Types Living Room: Yes
  • Electric Whole House Generator: Yes
  • Security Features Security System Leased: Yes
  • Utilities Natural Gas Connected: Yes
  • General Property Information:Pool Private YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Primary Bathroom - Tub with Shower, Primary Bathroom -Tub with Separate Shower, Split Bedrooms, Vaulted Ceiling(s)
  • Flooring: Carpet, Tile
  • Appliances: Dishwasher, Dryer, Electric Range, Gas Water Heater, Microwave, Refrigerator, Washer, Water Softener Owned
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Split Bedrooms: Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Appliances:Water Softener-Owned: Yes
  • Appliances:Gas Water Heater: Yes

Exterior Features

  • Exterior Features: Storm Shutters
  • Pool Features: In Ground, Screen Enclosure, Solar Heat, Other
  • Roof: Shingle
  • Acres: 0.26
  • Pool Private: Yes
  • Waterfront Features: Lake Front, Pond
  • Waterfront: Yes
  • Construction Type: Frame, Stucco, Wood Siding
  • Direction Faces: North
  • Patio And Porch Features: Patio, Porch, Screened
  • Construction Materials:Stucco: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Screened: Yes
  • Exterior Features:Storm Shutters: Yes
  • View:Lake: Yes
  • Construction Materials:Frame: Yes
  • Construction Materials:Wood Siding: Yes
  • Waterfront Features:Lake Front: Yes
  • Waterfront Features:Pond2: 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
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Name: LAKES OF RIDGE MANOR, THE PHASE TWO
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No
  • General Property Information:Association Name: LAKES OF RIDGE MANOR, THE PHASE TWO

Schools

  • Middle Or Junior School: Jefferson

Lot Info

  • Lot Size Sq Ft: 11326.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2431415
  • Parcel #: 24-37-18-28-00000.0-0040.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 1781.4

MLS Schools

  • Elementary School: Audubon
  • High School: Merritt Island

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2021
Closed on
Aug 31, 2021
Sold by
Damico Ronald L and Damico Rose
Bought by
Dixon Michael C
Seller's Agent
John Bond
Cape Canaveral Real Estate
Buyer's Agent
Maria Traugott
One Sotheby's International
List Price
$419,000
Sold Price
$410,000
Premium/Discount to List
-$9,000
-2.15%
Current Estimated Value
$471,458

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,458
Avg. Annual Appreciation
3.38%
Original Mortgage
$250,000
Outstanding Balance
$229,946
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$238,277

Purchase Details

Closed on
Jul 1, 1996
Sold by
Damico Ronald L and Damico Rose
Bought by
Damico Ronald L
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
Dixon Michael C $410,000 On Point Title Services Llc
Damico Ronald L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dixon Michael C $250,000
Previous Owner Amico Ronald L D $50,000
Previous Owner Damico Ronald L $40,000
Previous Owner Damico Ronald L $107,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2021 08/31/21 Sold $410,000 -2.1% $230 / Sq Ft
07/23/2021 07/23/21 Pending -- -- --
07/20/2021 07/20/21 For Sale $419,000 -- $235 / 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 $5,155 $354,250 -- --
2023 $5,155 $376,250 $0 $0
2022 $4,536 $335,410 $0 $0
2021 $1,836 $136,710 $0 $0
2020 $1,781 $134,830 $0 $0
2019 $1,722 $131,800 $0 $0
2018 $1,719 $129,350 $0 $0
2017 $1,723 $126,690 $0 $0
2016 $1,740 $124,090 $55,000 $69,090
2015 $1,779 $123,230 $55,000 $68,230
2014 $1,787 $122,260 $40,000 $82,260
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 910931

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 24-37-18-28-00000.0-0040.00