NOT LISTED FOR SALE

480 Sail Ln Unit 401 Merritt Island, FL 32953

Estimated Value: $544,099 - $665,000

3 Beds
2 Baths
2,511 Sq Ft
2,614 Sq Ft Lot

Last Sold August 15, 2014

Last sale price $362,500 $144 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $3,718/month

11 Days on Market

Highlights

  • Intracoastal View
  • Open Floorplan
  • Wood Flooring
  • River Front
  • Clubhouse
  • Community Pool

About This Home

As of August 2014

Corner unit with Fabulous Water view.Remodeled interiors - Maple engineered wood floors in great room and all bedrooms.Gorgeous large kitchen with added cabinetry /large island/all SS appliances/wine refrigerator.Added pantry in the kitchen.Ceiling fans and light fixtures upgraded.3 rd bedroom has custom book shelf built in - crown molding.Added cabinets in laundry room for storage. Upgraded washer dryer stay.
View is for miles from master bedroom/great room/kitchen/3 rd bedroom.Upgraded window coverage.Tiled entry. Extra storage in closets.1 car garage and open parking .Resort living with pools/tennis/basketball/.

Last Agent to Sell the Property

Margret Cornell

Cornell Real Estate License #3009434 Listed on: 06/28/2014

Last Buyer's Agent

Steve Harrington

Florida Property Center License #3076631

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,198

Year Built

  • Built in 2004

Lot Details

  • River Front
  • East Facing Home

Parking

  • 1 Car Detached Garage

Property Views

  • Intracoastal
  • River

Home Design

  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,511 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • Ceiling Fan

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Porch

Schools

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

Utilities

  • Hot Water Heating System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 24-36-35-00-00252.V-0000.00

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include cable TV, security, sewer, trash, water
  • Island Pointe Condo Ph 1A Subdivision
  • Maintained Community
  • 8-Story Property

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Basketball Court
  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,198

Year Built

Built in 2004

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2004
  • Reso Property Sub Type: Condominium
  • Reso View: River, Water, Intracoastal
  • Water Body Name: Indian River
  • Reso Association Amenities: Basketball Court, Clubhouse, Maintenance Grounds, Tennis Court(s)
  • Reso Association Fee Includes: Cable TV, Security, Sewer, Trash, Water
  • ResoSpecialListingConditions: Equitable Interest, Standard
  • Subdivision Name: Island Pointe Condo Ph 1A
  • Carport Y N: No
  • Entry Level: 4
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 24-36-35-00-00252.V-0000.00
  • Location Tax and Legal Elementary School: Mila
  • Location Tax and Legal Middle School2: Jefferson
  • Location Tax and Legal High School: Merritt Island
  • Location Tax and Legal Tax Annual Amount: 3197.74
  • Location Tax and Legal Tax Year2: 2013
  • General Property Information Living Area2: 2511.0
  • General Property Information Lot Size Acres: 0.06
  • General Property Information Lot Size Square Feet2: 2614.0
  • 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: East
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Flooring Tile: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Flooring Wood: Yes
  • Association Amenities Maintenance Grounds2: Yes
  • Utilities Electricity Connected: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • View Water3: Yes
  • General Property Information Stories Total: 8
  • Levels Three Or More: Yes
  • View Intracoastal: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 8

Interior Features

  • Interior Amenities: Built-in Features, Ceiling Fan(s), Eat-in Kitchen, Open Floorplan, Pantry, Split Bedrooms
  • Flooring: Tile, Wood
  • Appliances: Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Total Bedrooms: 7
  • Stories: 8
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Open Floorplan: Yes
  • Pool Features:Community: Yes
  • Interior Features:Built-in Features: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Split Bedrooms: Yes

Exterior Features

  • Pool Features: Community
  • Roof: Other
  • Acres: 0.06
  • Waterfront Features: River Front
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: East
  • Patio And Porch Features: Patio, Porch
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio and Porch Features:Porch: Yes
  • View:River: Yes
  • Waterfront Features:River Front: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Detached
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 1.0
  • Parking Features:Detached: Yes

Utilities

  • Utilities: Electricity Connected, Water Available
  • Heating: Electric, Hot Water
  • HeatingYN: Yes
  • Heating:Electric3: Yes
  • Heating:Hot Water: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • Association Fee Includes:Cable TV: Yes
  • Association Fee Includes:Security: Yes
  • Association Fee Includes:Water: Yes
  • Association Amenities:Clubhouse: Yes
  • Association Amenities:Basketball Court: Yes
  • Association Amenities:Tennis Court(s)2: Yes
  • Association Fee Includes:Sewer: Yes
  • Association Fee Includes:Trash: Yes

Schools

  • Middle Or Junior School: Jefferson

Lot Info

  • Lot Size Sq Ft: 2614.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2457934
  • Parcel #: 24-36-35-00-00252.V-0000.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 3197.74

MLS Schools

  • Elementary School: Mila
  • High School: Merritt Island

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2014
Closed on
Aug 15, 2014
Sold by
Lovelace William M and Lovelace Ashlin
Bought by
Caliri Madlyn D
Seller's Agent
Margret Cornell
Cornell Real Estate
Buyer's Agent
Steve Harrington
Florida Property Center
List Price
$399,000
Sold Price
$362,500
Premium/Discount to List
-$36,500
-9.15%
Current Estimated Value
$607,025

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$244,525
Avg. Annual Appreciation
4.60%
Original Mortgage
$262,500
Outstanding Balance
$93,247
Interest Rate
4.16%
Estimated Equity
$501,090

Purchase Details

Closed on
Jul 9, 2008
Sold by
Bank Of New York
Bought by
Lovelace William M and Lovelace Ashlin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 9, 2008
Sold by
King Nancy and King Philip R
Bought by
Bank Of New York

Purchase Details

Closed on
May 20, 2005
Sold by
Babcock Richard B and Gummo Allan R
Bought by
King Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$423,200
Interest Rate
7.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 5, 2005
Sold by
Towne Development Of Island Pointe Inc
Bought by
Gummo Allan R and Babcock Richard B
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
Caliri Madlyn D $362,500 State Title Partners Llp
Lovelace William M $330,000 Landsafe Title
Bank Of New York -- None Available
King Nancy $529,000 Security First Title Partner
Gummo Allan R $414,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Caliri Madlyn D $262,500
Previous Owner Lovelace William M $210,000
Previous Owner Lovelace William M $210,000
Previous Owner Bulet Rookmanie $64,408
Previous Owner King Nancy $423,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2014 08/15/14 Sold $362,500 -9.1% $144 / Sq Ft
07/09/2014 07/09/14 Pending -- -- --
06/28/2014 06/28/14 For Sale $399,000 -- $159 / 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 $4,387 $343,640 $0 $0
2022 $4,101 $333,640 $0 $0
2021 $4,309 $323,930 $0 $0
2020 $4,259 $319,460 $0 $0
2019 $4,236 $312,280 $0 $0
2018 $4,255 $306,460 $0 $0
2017 $4,313 $300,160 $0 $0
2016 $4,401 $293,990 $0 $0
2015 $4,549 $291,950 $0 $0
2014 $3,171 $204,380 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2014

    Margret Cornell

    Cornell Real Estate

    (321) 288-3014

    9 in this area

    151 Total Sales

    Section Image
  • Steve Harrington

    Buyer's Agent in 2014

    Steve Harrington

    Florida Property Center

    (321) 759-5533

    10 in this area

    86 Total Sales

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Map

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

MLS Number: 700435

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 24-36-35-00-00252.V-0000.00

Florida Brevard County Merritt Island 32953

480 Sail Ln Unit 401, Merritt Island, FL

This home is located at 480 Sail Ln Unit 401, Merritt Island, FL 32953 since 28 June 2014 and is currently estimated at $607,025, approximately $241 per square foot. This property was built in 2004. 480 Sail Ln Unit 401 is a home located in Brevard County with nearby schools including Mila 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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