NOT LISTED FOR SALE

2900 Raintree Lake Cir Merritt Island, FL 32953

Estimated Value: $377,000 - $395,000

3 Beds
2 Baths
1,418 Sq Ft
$274/Sq Ft Est. Value

Last Sold August 31, 2015

Last sale price $180,000 $127 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $2,259/month

Highlights

  • Lake Front
  • Boat Dock
  • Home fronts a pond
  • Lewis Carroll Elementary School Rated A-
  • In Ground Pool
  • Open Floorplan

About This Home

As of August 2015

MLS Comp Entry Only

Last Agent to Sell the Property

Comp Agent

Non-MLS or Out of Area Listed on: 08/31/2015

Last Buyer's Agent

Michael Artelli

RE/MAX Solutions

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,528

Year Built

  • Built in 1982

Lot Details

  • 0.25 Acre Lot
  • Home fronts a pond
  • Lake Front
  • South Facing Home

HOA Fees

  • $4 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Property Views

  • Lake
  • Pond

Home Design

  • Shingle Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,418 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Screened Porch
  • Fire and Smoke Detector

Kitchen

  • Breakfast Bar
  • Electric Range
  • Ice Maker
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Pool

  • In Ground Pool
  • Screen Enclosure

Outdoor Features

  • Patio

Schools

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

Utilities

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

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 24-36-14-04-0000B.0-0056.00

Community Details

Overview

  • Raintree By The Lake Subdivision

Recreation

  • Boat Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,528

Year Built

Built in 1982

Lot Details

0

HOA Fees

$4 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1982
  • Reso Property Sub Type: Single Family Residence
  • ResoLaundryFeatures: Electric Dryer Hookup, Gas Dryer Hookup, In Garage, Washer Hookup
  • Road Surface Type: Concrete
  • Reso View: Lake, Pond, Water
  • ResoSecurityFeatures: Smoke Detector(s)
  • Reso Association Amenities: Boat Dock, Management - Full Time
  • ResoSpecialListingConditions: Real Estate Owned
  • Subdivision Name: Raintree-By-The-Lake
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 24-36-14-04-0000B.0-0056.00
  • Location Tax and Legal Elementary School: Carroll
  • Location Tax and Legal Middle School2: Jefferson
  • Location Tax and Legal High School: Merritt Island
  • Location Tax and Legal Tax Annual Amount: 2527.53
  • Location Tax and Legal Tax Year2: 2014
  • General Property Information Living Area2: 1418.0
  • General Property Information Building Area Total3: 1946.0
  • General Property Information Lot Size Acres: 0.25
  • General Property Information Lot Size Square Feet2: 10890.0
  • 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: South
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Flooring Laminate: Yes
  • Flooring Tile: Yes
  • Flooring Wood: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Levels One: Yes
  • Pool Features In Ground: Yes
  • Pool Features Private: Yes
  • Roof:Shingle: Yes
  • Security Features Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • ViewPond: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • View Water3: Yes
  • Pool Features Screen Enclosure: Yes
  • General Property Information Lot Size Dimensions: 5.0 ft x 0.0 ft
  • Special Listing Conditions Real Estate Owned: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), Kitchen Island, Open Floorplan, Walk-In Closet(s)
  • Flooring: Laminate, Tile, Wood
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Ice Maker, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • ResoLivingAreaSource: Other
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Open Floorplan: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Breakfast Bar: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Kitchen Island: Yes
  • Interior Features:Walk-In Closet(s): Yes

Exterior Features

  • Pool Features: In Ground, Private, Screen Enclosure
  • Roof: Shingle
  • Acres: 0.25
  • Waterfront Features: Lake Front, Pond
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: South
  • Patio And Porch Features: Patio, Porch, Screened
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • 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
  • 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
  • Laundry Features:In Garage: Yes
  • 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
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 50.0
  • Association Fee Frequency: Annually
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 50.0
  • General Property Information:Association Fee Frequency: Annually
  • Association Amenities:Boat Dock: Yes

Schools

  • Middle Or Junior School: Jefferson

Lot Info

  • Lot Dimensions: 5.0 ft x 0.0 ft
  • Lot Size Sq Ft: 10890.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2412616
  • Parcel #: 24-36-14-04-0000B.0-0056.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 2527.53

MLS Schools

  • Elementary School: Carroll
  • High School: Merritt Island

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2015
Closed on
Aug 31, 2015
Sold by
Insight Credit Union
Bought by
Cannata Vanessa
Seller's Agent
Comp Agent
Non-MLS or Out of Area
Buyer's Agent
Michael Artelli
RE/MAX Solutions
List Price
$180,000
Sold Price
$180,000
Current Estimated Value
$388,781

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$208,781
Avg. Annual Appreciation
7.92%
Original Mortgage
$176,739
Outstanding Balance
$138,054
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$250,727

Purchase Details

Closed on
Feb 11, 2015
Sold by
Drinkwater Robert Franz and Case #2014-Ca-016240
Bought by
Insight Credit Union and Insight Financial Credit Union

Purchase Details

Closed on
Dec 20, 2007
Sold by
Drinkwater Robert Franz and Drinkwater Stacey
Bought by
Drinkwater Robert Franz and Drinkwater Stacey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.21%

Purchase Details

Closed on
Sep 24, 2004
Sold by
Drinkwater Robert Franz and Drinkwater Stacey
Bought by
Drinkwater Robert Franz and Drinkwater Stacey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,250
Interest Rate
7.65%

Purchase Details

Closed on
Oct 6, 2000
Sold by
Romano Patricia and Romano Lee A
Bought by
Drinkwater Robert F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,000
Interest Rate
7.96%

Purchase Details

Closed on
May 25, 1995
Sold by
Collins Michelle and Maynard Michelle Jean
Bought by
Romano Patricia and Romano Lee A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,600
Interest Rate
8.35%
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
Cannata Vanessa $180,000 Medallion Title Services Inc
Insight Credit Union -- None Available
Drinkwater Robert Franz -- Attorney
Drinkwater Robert Franz -- Nations Title
Drinkwater Robert F $117,500 --
Romano Patricia $104,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cannata Vanessa $176,739
Previous Owner Drinkwater Robert Franz $175,000
Previous Owner Drinkwater Robert Franz $175,250
Previous Owner Drinkwater Robert F $121,000
Previous Owner Romano Patricia $93,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2015 08/31/15 Sold $180,000 0.0% $127 / Sq Ft
08/31/2015 08/31/15 Pending -- -- --
08/31/2015 08/31/15 For Sale $180,000 -- $127 / 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
2025 $2,322 $185,600 -- --
2024 $2,288 $180,370 -- --
2023 $2,288 $175,120 $0 $0
2022 $2,134 $170,020 $0 $0
2021 $2,205 $165,070 $0 $0
2020 $2,155 $162,800 $0 $0
2019 $2,100 $159,140 $0 $0
2018 $2,113 $157,110 $0 $0
2017 $2,126 $153,880 $0 $0
2016 $2,154 $150,720 $29,000 $121,720
2015 $2,685 $140,010 $29,000 $111,010
2014 $2,528 $127,950 $29,000 $98,950
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 733795

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 24-36-14-04-0000B.0-0056.00