NOT LISTED FOR SALE

2590 Palm Lake Dr Merritt Island, FL 32952

Estimated Value: $459,000 - $556,000

3 Beds
2 Baths
1,797 Sq Ft
$279/Sq Ft Est. Value

Last Sold February 18, 2022

Last sale price $505,000 $281 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,121/month

12 Days on Market

Highlights

  • Lake Front
  • Solar Heated In Ground Pool
  • Vaulted Ceiling
  • Audubon Elementary School Rated 9+
  • Home fronts a pond
  • Wood Flooring

About This Home

As of February 2022

Perfectly situated on a small natural pond on Merritt Island, this single-family home is on quiet road with little traffic and well-kept houses. No HOA. Beautiful views with a screened, in-ground, solar heated pool and private backyard. This 3 BR/2 Bath house features double-paned windows, new kitchen with granite counters and island, Stainless appliances and vented hood, cathedral ceilings, utility room with sink and storage, and bamboo floors. New AC in 2021. Hurricane panels. 2-car garage with tool/toy bay and a circle driveway. Easy access to Airport, Kennedy Space Center, Port Canaveral, Space Force Bases, and much more. Short walk to Kelly Park and recreational facilities on Banana River. 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: 01/24/2022

Last Buyer's Agent

Stacy Metzger

EXP Realty LLC License #3501870

EXP Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,729

Year Built

  • Built in 1988

Lot Details

  • 0.41 Acre Lot
  • Home fronts a pond
  • Lake Front
  • Home fronts a seawall
  • Northwest Facing Home
  • Irregular Lot
  • Front and Back Yard Sprinklers

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Circular Driveway

Property Views

  • Lake
  • Views of Preserve
  • Pond
  • Pool

Home Design

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

Interior Spaces

  • 1,797 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Family Room
  • Sun or Florida Room
  • Hurricane or Storm Shutters
  • Laundry Room

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms
  • Bathtub and Shower Combination in Primary Bathroom

Pool

  • Solar Heated In Ground Pool
  • Outdoor Shower
  • Screen Enclosure

Schools

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

Utilities

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

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 24-37-18-27-00000.0-0029.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,729

Year Built

Built in 1988

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1988
  • Reso Property Sub Type: Single Family Residence
  • ResoLotFeatures: Irregular Lot, Sprinklers In Front, Sprinklers In Rear
  • Road Surface Type: Asphalt
  • Reso View: Lake, Pond, Pool, Water, Protected Preserve
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Lakes of Ridge Manor The
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 24-37-18-27-00000.0-0029.00
  • 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: 2729.1
  • Location Tax and Legal Tax Year2: 2021
  • General Property Information Living Area2: 1797.0
  • General Property Information Building Area Total3: 2329.0
  • General Property Information Lot Size Acres: 0.41
  • General Property Information Lot Size Square Feet2: 17860.0
  • 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
  • Flooring Tile: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • Flooring Wood: 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
  • View Pool: Yes
  • Flooring Carpet: Yes
  • Water Source Well: Yes
  • Water Source Public: 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 Laundry: Yes
  • Room Types Florida Room: Yes
  • View Protected Preserve: Yes
  • General Property Information:Pool Private YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

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

Exterior Features

  • Exterior Features: Outdoor Shower, Storm Shutters
  • Pool Features: In Ground, Screen Enclosure, Solar Heat
  • Roof: Shingle
  • Acres: 0.41
  • Pool Private: Yes
  • Waterfront Features: Lake Front, Pond, Seawall
  • Waterfront: Yes
  • Construction Type: Frame, Stucco, Wood Siding
  • Direction Faces: Northwest
  • Construction Materials:Stucco: 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
  • Exterior Features:Outdoor Shower: Yes
  • Lot Features:Sprinklers in Front: Yes
  • Lot Features:Sprinklers In Rear: Yes
  • Lot Features:Irregular Lot: Yes
  • Waterfront Features:Seawall: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Circular Driveway, 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
  • Parking Features:Circular Driveway: Yes

Utilities

  • Cooling: Central Air, Electric
  • Utilities: Cable Available, Electricity Connected
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public, Well
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

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

Association/Amenities

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

Schools

  • Middle Or Junior School: Jefferson

Lot Info

  • Lot Size Sq Ft: 17860.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2431372
  • Parcel #: 24-37-18-27-00000.0-0029.00

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 2729.1

MLS Schools

  • Elementary School: Audubon
  • High School: Merritt Island

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2022
Closed on
Feb 18, 2022
Sold by
Jasen Stephen F and Jasen Joan M
Bought by
Bussiere Kelsey L and Bussiere Jason H
Seller's Agent
John Bond
Cape Canaveral Real Estate
Buyer's Agent
Stacy Metzger
EXP Realty LLC
List Price
$479,000
Sold Price
$505,000
Premium/Discount to List
$26,000
5.43%
Current Estimated Value
$501,182

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,818
Avg. Annual Appreciation
0.87%
Original Mortgage
$454,000
Outstanding Balance
$422,375
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$98,463

Purchase Details

Listed on
Aug 21, 2014
Closed on
Sep 18, 2014
Sold by
Renick Robert W and Renick Diana S
Bought by
Jasen Stephen F and Jasen Joan M
Seller's Agent
Dave Gaudreau
Exit 1st Class Realty
Buyer's Agent
Jeri Blanco
Coldwell Banker Realty
List Price
$240,000
Sold Price
$229,250
Premium/Discount to List
-$10,750
-4.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.23%

Purchase Details

Closed on
Sep 3, 2002
Sold by
Tutterrow Patricia
Bought by
Renick Robert W and Renick Diana S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,190
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 20, 2000
Sold by
Perpetto Louis
Bought by
Tutterrow Jerry W and Tutterrow Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,200
Interest Rate
7.72%

Purchase Details

Closed on
Jul 3, 1998
Sold by
Foster Kent M and Foster Myrna M
Bought by
Perfetto Louis
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
Bussiere Kelsey L $505,000 On Point Title Services
Jasen Stephen F -- Fidelity Natl Title Fl Inc
Jasen Stephen F $229,300 Fidelity Natl Title Fl Inc
Renick Robert W $173,000 --
Tutterrow Jerry W $146,600 --
Perfetto Louis $127,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bussiere Kelsey L $454,000
Previous Owner Jasen Stephen F $258,000
Previous Owner Jasen Stephen F $200,000
Previous Owner Renick Robert W $230,303
Previous Owner Renick Robert W $105,000
Previous Owner Renick Robert W $178,190
Previous Owner Tutterrow Patricia $6,283
Previous Owner Tutterrow Jerry W $138,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2022 02/18/22 Sold $505,000 +5.4% $281 / Sq Ft
01/20/2022 01/20/22 Pending -- -- --
01/17/2022 01/17/22 Price Changed $479,000 0.0% $267 / Sq Ft
01/17/2022 01/17/22 For Sale $479,000 -5.1% $267 / Sq Ft
01/15/2022 01/15/22 Off Market $505,000 -- --
01/09/2022 01/09/22 Pending -- -- --
01/07/2022 01/07/22 For Sale $449,000 +95.9% $250 / Sq Ft
09/18/2014 09/18/14 Sold $229,250 -4.5% $134 / Sq Ft
08/28/2014 08/28/14 Pending -- -- --
08/21/2014 08/21/14 For Sale $240,000 -- $140 / 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 $4,948 $379,770 -- --
2023 $4,948 $397,820 $110,000 $287,820
2022 $2,640 $212,950 $0 $0
2021 $2,747 $206,750 $0 $0
2020 $2,705 $203,900 $0 $0
2019 $2,654 $199,320 $0 $0
2018 $2,660 $195,610 $0 $0
2017 $2,686 $191,590 $0 $0
2016 $2,729 $187,650 $55,000 $132,650
2015 $2,807 $186,350 $55,000 $131,350
2014 $1,862 $126,800 $40,000 $86,800
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 923508

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 24-37-18-27-00000.0-0029.00