487 N Shore Dr Cocoa Beach, FL 32931
Cocoa Beach NeighborhoodEstimated Value: $788,000 - $1,237,000
3
Beds
3
Baths
1,956
Sq Ft
$471/Sq Ft
Est. Value
Highlights
- Home fronts navigable water
- River View
- Great Room
- Theodore Roosevelt Elementary School Rated 9+
- Wood Flooring
- No HOA
About This Home
As of August 2020Location, Location, !!! EPIC !! Million Dollar Sunsets w/ over 225 feet of open waterfront on .39 acres. Priced at ''Land value''. ''BEST'' Waterfront Property in Cocoa Beach !! Great opportunity to renovate/expand or ''build new''. Once in a lifetime chance to own a ''PREMIER'' waterfront property. Tranquil and private with only one immediate neighbor, but still walking distance to to ''Downtown Cocoa Beach''. Gorgeous views of the Thousand Islands, water on two sides of the property. Majestic wildlife (dolphins, manatees, osprey, egrets & blue herons) can been seen daily! MUST SEE !! See Docs for cost of replacing existing seawall. Don't wait or you will be too late !
Last Agent to Sell the Property
David Gralla
RE/MAX Solutions Listed on: 06/30/2019
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,911
Year Built
- Built in 1958
Lot Details
- 0.39 Acre Lot
- Home fronts navigable water
- River Front
- Home fronts a canal
- South Facing Home
- Irregular Lot
Parking
- 2 Car Attached Garage
Property Views
- River
- Canal
Home Design
- Brick Exterior Construction
- Frame Construction
- Membrane Roofing
- Wood Siding
- Concrete Siding
- Block Exterior
Interior Spaces
- 1,956 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Wood Burning Fireplace
- Great Room
Kitchen
- Eat-In Kitchen
- Electric Range
- Dishwasher
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Split Bedroom Floorplan
- Walk-In Closet
- 3 Full Bathrooms
- Bathtub and Shower Combination in Primary Bathroom
Outdoor Features
- Balcony
Schools
- Roosevelt Elementary School
- Cocoa Beach Middle School
- Cocoa Beach High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- Cable TV Available
Community Details
- No Home Owners Association
- Indian Creek Estates Subdivision
Listing and Financial Details
- Assessor Parcel Number 25-37-10-76-00001.0-0010.00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 19, 2022
Sold by
Jon Olsen Michael
Bought by
Michael J Olsen April 21 2021 Trust
Total Days on Market
363
Current Estimated Value
Purchase Details
Listed on
Jun 30, 2019
Closed on
Aug 3, 2020
Sold by
Mason Nancy Gralla and Gralla David Alan
Bought by
Olsen Michael Jon
Seller's Agent
David Gralla
RE/MAX Solutions
Buyer's Agent
Paul and Beth Frommann
Coldwell Banker Paradise
List Price
$631,487
Sold Price
$525,000
Premium/Discount to List
-$106,487
-16.86%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.19%
Original Mortgage
$420,000
Interest Rate
3.1%
Mortgage Type
New Conventional
Similar Homes in Cocoa Beach, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Michael J Olsen April 21 2021 Trust | -- | None Listed On Document | |
| Olsen Michael Jon | $525,000 | International T&E Co Llc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Olsen Michael Jon | $420,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/03/2020 08/03/20 | Sold | $525,000 | -1.9% | $268 / Sq Ft |
| 06/27/2020 06/27/20 | Pending | -- | -- | -- |
| 03/26/2020 03/26/20 | Price Changed | $535,000 | -2.5% | $274 / Sq Ft |
| 03/19/2020 03/19/20 | Price Changed | $548,500 | -2.1% | $280 / Sq Ft |
| 03/02/2020 03/02/20 | Price Changed | $560,000 | +0.2% | $286 / Sq Ft |
| 12/21/2019 12/21/19 | Price Changed | $559,000 | -1.2% | $286 / Sq Ft |
| 10/27/2019 10/27/19 | Price Changed | $566,000 | -1.4% | $289 / Sq Ft |
| 09/30/2019 09/30/19 | Price Changed | $574,000 | -4.3% | $293 / Sq Ft |
| 09/14/2019 09/14/19 | Price Changed | $600,000 | -2.4% | $307 / Sq Ft |
| 08/15/2019 08/15/19 | Price Changed | $615,000 | -1.6% | $314 / Sq Ft |
| 08/03/2019 08/03/19 | Price Changed | $625,000 | -1.0% | $320 / Sq Ft |
| 06/30/2019 06/30/19 | For Sale | $631,487 | -- | $323 / Sq Ft |
Source: Space Coast MLS (Space Coast Association of REALTORS®)
Tax History Compared to Growth
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 | $7,358 | $484,640 | $473,000 | $11,640 |
| 2022 | $8,177 | $577,030 | $0 | $0 |
| 2021 | $7,234 | $440,170 | $352,000 | $88,170 |
| 2020 | $7,072 | $426,830 | $313,500 | $113,330 |
| 2019 | $7,372 | $435,960 | $313,500 | $122,460 |
| 2018 | $6,911 | $407,480 | $280,000 | $127,480 |
| 2017 | $6,427 | $361,830 | $255,000 | $106,830 |
| 2016 | $6,345 | $349,910 | $240,000 | $109,910 |
| 2015 | $6,043 | $326,500 | $240,000 | $86,500 |
| 2014 | $5,489 | $296,820 | $215,000 | $81,820 |
Source: Public Records
Agents Affiliated with this Home
-
D
Seller's Agent in 2020
David Gralla
RE/MAX
-
Paul and Beth Frommann
Buyer's Agent in 2020
Paul and Beth Frommann
Coldwell Banker Paradise
(321) 591-0111
3 in this area
106 Total Sales
Map
Source: Space Coast MLS (Space Coast Association of REALTORS®)
MLS Number: 849261
APN: 25-37-10-76-00001.0-0010.00
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