NOT LISTED FOR SALE

48 Piney Branch Way Unit C Melbourne, FL 32904

Estimated Value: $181,000 - $204,000

2 Beds
2.5 Baths
1,288 Sq Ft
$149/Sq Ft Est. Value

Last Sold January 17, 2019

Last sale price $105,000 $82 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $1,368/month

149 Days on Market

Highlights

  • Screened Porch
  • Community Pool
  • Cul-De-Sac
  • Melbourne Senior High School Rated A-
  • Balcony
  • Patio

About This Home

As of January 2019

BRING ALL OFFERS!

Beautiful 2/2.1 town home in West Melbourne great convenient location! NEW PAINT AND CARPETS!

SELLER IS LIC. REAL ESTATE BROKER.

Last Agent to Sell the Property

Andrew Bakolia

Bakolia Realty Inc. License #3300087 Listed on: 12/14/2018

Last Buyer's Agent

Adam Rathbun

The Ullian Realty Corporation

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,437

Year Built

  • Built in 1982

Lot Details

  • 871 Sq Ft Lot
  • Cul-De-Sac
  • West Facing Home
  • Wood Fence

HOA Fees

  • $155 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Brick Exterior Construction
  • Membrane Roofing
  • Wood Siding

Interior Spaces

  • 1,288 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Screened Porch
  • Washer and Gas Dryer Hookup

Kitchen

  • Electric Range
  • Microwave

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms

Outdoor Features

  • Balcony
  • Patio

Schools

  • University Park Elementary School
  • Stone Middle School
  • Melbourne High School

Utilities

  • Central Air
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 28-37-05-00-00038.8-0000.00

Community Details

Overview

  • Florida Indian River Land Co Subdivision

Recreation

  • Community Pool

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,437

Year Built

Built in 1982

Lot Details

0

HOA Fees

$155 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1982
  • Reso Property Sub Type: Townhouse
  • ResoLaundryFeatures: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
  • ResoLotFeatures: Cul-De-Sac
  • Reso Association Amenities: Management - Full Time
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Florida Indian River Land Co
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 28-37-05-00-00038.8-0000.00
  • Location Tax and Legal Elementary School: University Park
  • Location Tax and Legal Middle School2: Stone
  • Location Tax and Legal High School: Melbourne
  • Location Tax and Legal Tax Annual Amount: 1436.59
  • Location Tax and Legal Tax Year2: 2017
  • General Property Information Living Area2: 1288.0
  • General Property Information Building Area Total3: 1288.0
  • General Property Information Lot Size Acres: 0.02
  • General Property Information Lot Size Square Feet2: 871.0
  • 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: West
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Fencing Fenced2: Yes
  • Fencing Wood2: Yes
  • Flooring Tile: Yes
  • General Property Information Community Fee(s) YN: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Flooring Carpet: Yes
  • Levels Two: Yes
  • General Property Information Carport YN2: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Flooring: Carpet, Tile
  • Appliances: Electric Range, Electric Water Heater, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • ResoLivingAreaSource: PublicRecords
  • General Property Information Bathrooms Half: 1
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes
  • Pool Features:Community: Yes
  • Interior Features:Ceiling Fan(s): Yes

Exterior Features

  • Exterior Features: Balcony
  • Pool Features: Community
  • Roof: Membrane
  • Fencing: Fenced, Wood
  • Acres: 0.02
  • Waterfront: No
  • Construction Type: Wood Siding
  • Direction Faces: West
  • Patio And Porch Features: Patio, Porch, Screened
  • Patio And Porch Features:Patio: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Screened: Yes
  • Lot Features:Cul-De-Sac: Yes
  • Construction Materials:Wood Siding: Yes
  • Exterior Features:Balcony: Yes
  • ConstructionSiding:Roof Membrane: Yes
  • Construction Materials:Brick2: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Assigned
  • General Property Information:Garage YN: No
  • Parking Features:Assigned: Yes

Utilities

  • Cooling: Central Air
  • Utilities: Cable Available
  • Cooling Y N: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 155.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 155.0
  • General Property Information:Association Fee Frequency: Monthly

Schools

  • Middle Or Junior School: Stone

Lot Info

  • Lot Size Sq Ft: 871.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2819731
  • Parcel #: 28-37-05-00-00038.8-0000.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 1436.59

MLS Schools

  • Elementary School: University Park
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 11, 2025
Sold by
Rathbun Adam and Rathbun Kimberly
Bought by
Adam Rathbun & Kimberly Rathbun Revocable Liv
Current Estimated Value
$191,635

Purchase Details

Closed on
May 21, 2025
Sold by
Adam Rathbun and Adam Kimberly Rathbun
Bought by
Rathbun Adam and Rathbun Kimberly

Purchase Details

Listed on
Dec 14, 2018
Closed on
Jan 16, 2019
Sold by
Bakolia Andrew Wiliam
Bought by
Rathbun Rathbun Adam Adam and Adam Rathbun And Kimberly Rathbun Revoca
Seller's Agent
Andrew Bakolia
Bakolia Realty Inc.
Buyer's Agent
Adam Rathbun
The Ullian Realty Corporation
List Price
$115,000
Sold Price
$105,000
Premium/Discount to List
-$10,000
-8.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.35%

Purchase Details

Closed on
Nov 30, 2009
Sold by
White Ronald E
Bought by
Sanzone Stacey and Sanzone Timothy

Purchase Details

Closed on
Nov 14, 2003
Sold by
Geiss Stella and Hrdlicka Elizabeth M
Bought by
White Ronald E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,400
Interest Rate
5.93%
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
Adam Rathbun & Kimberly Rathbun Revocable Liv $100 None Listed On Document
Adam Rathbun & Kimberly Rathbun Revocable Liv $100 None Listed On Document
Rathbun Adam $100 None Listed On Document
Rathbun Adam $100 None Listed On Document
Rathbun Rathbun Adam Adam $105,000 State Title
Sanzone Stacey $65,000 State Title Partners Llp
White Ronald E $94,900 Town & Country Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner White Ronald E $85,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/17/2019 01/17/19 Sold $105,000 -8.7% $82 / Sq Ft
01/03/2019 01/03/19 Pending -- -- --
12/14/2018 12/14/18 For Sale $115,000 +9.5% $89 / Sq Ft
12/13/2018 12/13/18 Off Market $105,000 -- --
12/08/2018 12/08/18 Pending -- -- --
12/07/2018 12/07/18 Off Market $105,000 -- --
12/05/2018 12/05/18 Price Changed $115,000 -10.9% $89 / Sq Ft
08/06/2018 08/06/18 For Sale $129,000 -- $100 / 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 $2,315 $164,510 -- --
2024 $2,140 $180,510 -- --
2023 $2,140 $160,430 $0 $0
2022 $1,814 $133,200 $0 $0
2021 $1,415 $101,240 $35,000 $66,240
2020 $1,678 $100,680 $35,000 $65,680
2019 $1,602 $102,440 $35,000 $67,440
2018 $1,567 $102,350 $35,000 $67,350
2017 $1,437 $88,440 $27,500 $60,940
2016 $1,299 $69,740 $12,500 $57,240
2015 $1,248 $58,350 $12,500 $45,850
2014 $1,122 $53,050 $7,500 $45,550
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 821124

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-37-05-00-00038.8-0000.00