NOT LISTED FOR SALE

2475 Palm Lake Dr Merritt Island, FL 32952

Estimated Value: $462,000 - $491,000

3 Beds
2 Baths
1,969 Sq Ft
$243/Sq Ft Est. Value

Last Sold April 08, 2022

Last sale price $442,000 $224 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,029/month

2 Days on Market

Highlights

  • Home fronts a pond
  • Vaulted Ceiling
  • No HOA
  • Lake View
  • Corner Lot
  • Screened Porch

About This Home

As of April 2022

Multiple Offers. Taking Offers until 11 am March 3. Soaring ceilings, very adaptable open living space, solar electric with bills about $50 a month, beautiful screened, bricked porch overlooking small lake, 2019 roof. Study or 4th bedroom. These are just a few of the enticing features of this home. Walk or ride your bike to Kelly Park for sports, playground, wind surfing, and boat launch. There is an elementary school within walking distance. Over the bridge to beaches. Easy access to Route 528 for a quick jaunt to Orlando.

Last Agent to Sell the Property

Amy Seidita

Better Homes & Gardens RE Star License #3031536 Listed on: 03/01/2022

Last Buyer's Agent

Tina Kennedy

Compass Florida, LLC License #3446115

Compass Florida, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,801

Year Built

  • Built in 1989

Lot Details

  • 0.32 Acre Lot
  • Home fronts a pond
  • North Facing Home
  • Corner Lot
  • Front and Back Yard Sprinklers

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Property Views

  • Lake
  • Pond

Home Design

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

Interior Spaces

  • 1,969 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Screened Porch

Kitchen

  • Breakfast Bar
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Sink Near Laundry
  • Washer and Gas Dryer Hookup

Accessible Home Design

  • Accessible Full Bathroom
  • Level Entry For Accessibility
  • Accessible Entrance

Schools

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

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Additional Features

  • Solar Water Heater
  • Patio

Community Details

  • No Home Owners Association
  • Lakes Of Ridge Manor, The Phase Two Association
  • Lakes Of Ridge Manor The Phase 2 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 24-37-18-28-00000.0-0042.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,801

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
  • ResoLaundryFeatures: Electric Dryer Hookup, Gas Dryer Hookup, Sink, Washer Hookup
  • ResoLotFeatures: Corner Lot, Sprinklers In Front, Sprinklers In Rear
  • Road Surface Type: Asphalt
  • Reso View: Lake, Pond, Water
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Lakes of Ridge Manor The Phase 2
  • Reso Accessibility Features: Accessible Entrance, Accessible Full Bath
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 24-37-18-28-00000.0-0042.00
  • 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: 3800.79
  • Location Tax and Legal Tax Year2: 2021
  • General Property Information Living Area2: 1969.0
  • General Property Information Building Area Total3: 2515.0
  • General Property Information Lot Size Acres: 0.32
  • General Property Information Lot Size Square Feet2: 13939.0
  • 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: 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
  • General Property Information Community Fee(s) YN: Yes
  • General Property Information Other Fee(s) Amount: 180.0
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Levels One: Yes
  • Pets Allowed Yes: 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
  • Laundry Features Sink: Yes
  • Water Source Public: Yes
  • Interior Features Primary Bathroom -Tub with Separate Shower: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • View Water3: Yes
  • Room Types Laundry: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Breakfast Bar, Built-in Features, Ceiling Fan(s), His and Hers Closets, Pantry, Primary Bathroom - Tub with Shower, Primary Bathroom -Tub with Separate Shower, Primary Downstairs, Skylight(s), Split Bedrooms, Vaulted Ceiling(s), Walk-In Closet(s)
  • Flooring: Carpet, Tile
  • Appliances: Dishwasher, Disposal, Electric Water Heater, Microwave, Refrigerator, Solar Hot Water
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Total Bedrooms: 8
  • ResoLivingAreaSource: Other
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Breakfast Bar: Yes
  • Interior Features:Built-in Features: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Split Bedrooms: Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Appliances:Solar Hot Water: Yes
  • Interior Features:His and Hers Closets: Yes
  • Interior Features:Skylight(s): Yes

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Acres: 0.32
  • Waterfront Features: Pond
  • Waterfront: No
  • 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
  • View:Lake: Yes
  • Construction Materials:Frame: Yes
  • Construction Materials:Wood Siding: Yes
  • Waterfront Features:Pond2: Yes
  • Lot Features:Sprinklers in Front: Yes
  • Lot Features:Sprinklers In Rear: Yes
  • Accessibility Features:Accessible Entrance: Yes
  • Accessibility Features:Accessible Full Bath: Yes
  • Lot Features:Corner Lot: 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, Water Available
  • 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: 13939.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2431417
  • Parcel #: 24-37-18-28-00000.0-0042.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 3800.79

MLS Schools

  • Elementary School: Audubon
  • High School: Merritt Island

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2022
Closed on
Apr 8, 2022
Sold by
Gregory S Slotta Trust
Bought by
Oates John R and Oates Jenna M
Seller's Agent
Amy Seidita
Better Homes & Gardens RE Star
Buyer's Agent
Tina Kennedy
Compass Florida, LLC
List Price
$435,000
Sold Price
$442,000
Premium/Discount to List
$7,000
1.61%
Current Estimated Value
$478,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,000
Avg. Annual Appreciation
2.33%
Original Mortgage
$419,900
Outstanding Balance
$396,938
Interest Rate
4.72%
Mortgage Type
New Conventional
Estimated Equity
$81,062

Purchase Details

Closed on
Dec 16, 2013
Sold by
Slotta Gregory Scott and Slotta Gregory S
Bought by
Slotta Gregory S and Gregory S Slotta December 16 2

Purchase Details

Closed on
Apr 20, 2011
Sold by
Cornejo Jimmy E and Cornejo Miraida
Bought by
Slotta Gregory Scott

Purchase Details

Closed on
Nov 9, 2006
Sold by
Cornejo Jimmy E
Bought by
Cornejo Jimmy E and Cornejo Miraida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
6.36%

Purchase Details

Closed on
Aug 16, 2002
Sold by
Merrick Greg R and Merrick R G
Bought by
Cornejo Jimmy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,500
Interest Rate
6.53%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 1, 2001
Sold by
Merrick Greg R
Bought by
Merrick Greg R

Purchase Details

Closed on
Nov 4, 1998
Sold by
Merrick Gregory R and Merrick Susan P
Bought by
Merrick Greg R
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Oates John R $442,000 Island Title & Escrow
Slotta Gregory S -- Attorney
Slotta Gregory Scott $160,000 Glow Title & Escrow
Cornejo Jimmy E -- Richmond Title Services
Cornejo Jimmy E $171,900 --
Merrick Greg R $48,000 --
Merrick Greg R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oates John R $419,900
Previous Owner Cornejo Jimmy E $265,000
Previous Owner Cornejo Jimmy E $137,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2022 04/08/22 Sold $442,000 +1.6% $224 / Sq Ft
03/03/2022 03/03/22 Pending -- -- --
03/01/2022 03/01/22 For Sale $435,000 -- $221 / 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 $5,157 $342,500 -- --
2023 $5,157 $367,460 $110,000 $257,460
2022 $4,107 $322,030 $0 $0
2021 $3,801 $244,100 $82,000 $162,100
2020 $3,700 $235,850 $75,000 $160,850
2019 $3,719 $238,330 $75,000 $163,330
2018 $3,624 $235,760 $75,000 $160,760
2017 $3,408 $207,990 $65,000 $142,990
2016 $3,247 $186,670 $55,000 $131,670
2015 $3,202 $157,500 $55,000 $102,500
2014 $2,825 $143,190 $40,000 $103,190
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Amy Seidita

    Better Homes & Gardens RE Star

    Section Image
  • Tina Kennedy

    Buyer's Agent in 2022

    Tina Kennedy

    Compass Florida, LLC

    (407) 310-4513

    26 in this area

    103 Total Sales

    Tina Kennedy
    Section Image
See All Agents

Map

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

MLS Number: 928237

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 24-37-18-28-00000.0-0042.00

Florida Brevard County Merritt Island 32952

2475 Palm Lake Dr, Merritt Island, FL

This home is located at 2475 Palm Lake Dr, Merritt Island, FL 32952 since 01 March 2022 and is currently estimated at $478,000, approximately $242 per square foot. This property was built in 1989. 2475 Palm Lake Dr is a home located in Brevard County with nearby schools including Audubon 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.

Nearby Homes