NOT LISTED FOR SALE

2540 Palm Lake Dr Merritt Island, FL 32952

Estimated Value: $517,000 - $528,800

3 Beds
3 Baths
2,154 Sq Ft
$242/Sq Ft Est. Value

Last Sold February 02, 2016

Last sale price $280,000 $130 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $3,135/month

3 Days on Market

Highlights

  • Lake Front
  • Home fronts a pond
  • Vaulted Ceiling
  • Private Pool
  • Deck
  • Loft

About This Home

As of February 2016

Beautiful pool home with peaceful water views! This family home features a completely updated kitchen with gorgeous wood cabinets with crown molding, an oversized island/counter bar with gas cooktop, and granite countertops. Living room has vaulted ceilings all the way to the second story that give a grand and open feel to the home. One bedroom and one full cabana bath are located downstairs. Master suite is upstairs and features a bay window with water views, master bath with shower and garden tub as well as double sinks, and double doors that open to a loft area that can be used as a sitting room or home office. Large patio and pool area can be accessed from the kitchen. Deck and tiki bar out back are great for entertaining or relaxing. Part of garage has been converted to a bonus room.

Last Agent to Sell the Property

Jason Shinpaugh

Island Tradition Properties Listed on: 12/15/2015

Last Buyer's Agent

Barry Lietzow

Southern Tropics R.E. LLC License #3288554

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,001

Year Built

  • Built in 1989

Lot Details

  • 0.31 Acre Lot
  • Home fronts a pond
  • Lake Front
  • Northwest Facing Home
  • Wood Fence

Parking

  • 2 Car Attached Garage

Property Views

  • Lake
  • Pond

Home Design

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

Interior Spaces

  • 2,154 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Loft
  • Screened Porch
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Pool

  • Private Pool
  • Screen Enclosure

Outdoor Features

  • Deck
  • Patio
  • Shed

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Lakes Of Ridge Manor The Subdivision

Listing and Financial Details

  • Assessor Parcel Number 24-37-18-27-00000.0-0024.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,001

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
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Lakes of Ridge Manor The
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Other Structures: Shed(s)
  • Location Tax and Legal Parcel Number2: 24-37-18-27-00000.0-0024.00
  • 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: 2000.6
  • Location Tax and Legal Tax Year2: 2015
  • General Property Information Living Area2: 2154.0
  • General Property Information Building Area Total3: 2637.0
  • General Property Information Lot Size Acres: 0.31
  • General Property Information Lot Size Square Feet2: 13504.0
  • 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: Northwest
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Fencing Fenced2: Yes
  • Fencing Wood2: Yes
  • Flooring Tile: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • Pool Features Private: 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
  • Levels Two: Yes
  • Interior Features Primary Bathroom -Tub with Separate Shower: Yes
  • General Property Information Carport YN2: No
  • Other Structures Shed(s): Yes
  • Utilities Water Available: Yes
  • View Water3: Yes
  • Interior Features Breakfast Nook: Yes
  • Pool Features Screen Enclosure: Yes
  • Room Types Laundry: Yes
  • Utilities Natural Gas Connected: Yes
  • General Property Information Lot Size Dimensions: 80.0 ft x 170.0 ft
  • Room Types Loft: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Breakfast Nook, Ceiling Fan(s), Eat-in Kitchen, Kitchen Island, Pantry, Primary Bathroom - Tub with Shower, Primary Bathroom -Tub with Separate Shower, Split Bedrooms, Vaulted Ceiling(s)
  • Flooring: Carpet, Tile
  • Appliances: Dishwasher, Electric Water Heater, Microwave, Refrigerator
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Total Bedrooms: 9
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Kitchen Island: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Split Bedrooms: Yes
  • Interior Features:Vaulted Ceiling(s): Yes

Exterior Features

  • Pool Features: Private, Screen Enclosure, Other
  • Roof: Shingle
  • Fencing: Fenced, Wood
  • Acres: 0.31
  • Waterfront Features: Lake Front, Pond
  • Waterfront: Yes
  • Construction Type: Frame, Stucco, Wood Siding
  • Direction Faces: Northwest
  • Patio And Porch Features: Deck, Patio, Porch, Screened
  • 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
  • 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, Other
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Attached: Yes
  • Parking Features:Other26: Yes

Utilities

  • Cooling: Central Air, Electric
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Water Available
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Jefferson

Lot Info

  • Lot Dimensions: 80.0 ft x 170.0 ft
  • Lot Size Sq Ft: 13504.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2431361
  • Parcel #: 24-37-18-27-00000.0-0024.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 2000.6

MLS Schools

  • Elementary School: Audubon
  • High School: Merritt Island

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 19, 2024
Sold by
Powell Michael D and Powell Kathleen R
Bought by
Michael D Powell And Kathleen R Powell Living and Powell
Current Estimated Value
$526,829

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Outstanding Balance
$49,913
Interest Rate
6.69%
Mortgage Type
Credit Line Revolving
Estimated Equity
$486,286

Purchase Details

Listed on
Dec 15, 2015
Closed on
Feb 1, 2016
Sold by
Herrnkind Michelle L
Bought by
Powell Michael D and Powell Kathleen R
Seller's Agent
Jason Shinpaugh
Island Tradition Properties
Buyer's Agent
Barry Lietzow
Southern Tropics R.E. LLC
List Price
$274,900
Sold Price
$280,000
Premium/Discount to List
$5,100
1.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.06%
Original Mortgage
$180,000
Interest Rate
3.98%

Purchase Details

Closed on
Apr 1, 2013
Sold by
Herrnkind Christian P
Bought by
Herrnkind Michelle L

Purchase Details

Closed on
Feb 23, 2001
Sold by
Beagley Richard C and Beagley Glenda G
Bought by
Herrnkind Christian P and Herrnkind Michelle L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,200
Interest Rate
7.06%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Michael D Powell And Kathleen R Powell Living $100 None Listed On Document
Michael D Powell And Kathleen R Powell Living $100 None Listed On Document
Powell Michael D $280,000 Prestige Title Brevard Llc
Herrnkind Michelle L -- None Available
Herrnkind Christian P $168,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Powell Michael Dean $50,000
Previous Owner Powell Michael D $100,000
Previous Owner Powell Michael D $180,000
Previous Owner Herrnkind Christian P $97,000
Previous Owner Herrnkind Christian P $194,000
Previous Owner Herrnkind Christian P $41,000
Previous Owner Herrnkind Christian P $151,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2016 02/02/16 Sold $280,000 +1.9% $130 / Sq Ft
12/19/2015 12/19/15 Pending -- -- --
12/15/2015 12/15/15 For Sale $274,900 -- $128 / 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 $3,009 $228,660 $0 $0
2022 $2,812 $222,000 $0 $0
2021 $2,925 $215,540 $0 $0
2020 $2,870 $212,570 $0 $0
2019 $2,820 $207,800 $0 $0
2018 $2,826 $203,930 $0 $0
2017 $2,851 $199,740 $0 $0
2016 $1,955 $135,030 $55,000 $80,030
2015 $2,001 $134,100 $55,000 $79,100
2014 $2,010 $133,040 $40,000 $93,040
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Jason Shinpaugh

    Island Tradition Properties

  • B

    Buyer's Agent in 2016

    Barry Lietzow

    Southern Tropics R.E. LLC

See All Agents

Map

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

MLS Number: 742072

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 24-37-18-27-00000.0-0024.00

Florida Brevard County Merritt Island 32952

2540 Palm Lake Dr, Merritt Island, FL

This home is located at 2540 Palm Lake Dr, Merritt Island, FL 32952 since 15 December 2015 and is currently estimated at $521,950, approximately $242 per square foot. This property was built in 1989. 2540 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.

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