Seller's Agent in 2015
Nick Farinella
Coldwell Banker Realty
(321) 704-1600
1 in this area
309 Total Sales
501 Atlantic St Melbourne Beach, FL 32951
Estimated Value: $4,248,000 - $6,421,803
4
Beds
7
Baths
7,444
Sq Ft
$732/Sq Ft
Est. Value
Highlights
- Ocean Front
- Heated In Ground Pool
- Open Floorplan
- Gemini Elementary School Rated A-
- 1.1 Acre Lot
- Vaulted Ceiling
About This Home
As of March 2015Custom Cape Cod oceanfront paradise offers 150 feet of direct ocean frontage. A rustic feel with Cedar Shake Siding & wide-planked pine flooring. Designer details throughout include crown molding, coffered ceilings, Jerusalem stone flooring, exquisite finishes and fixtures and custom wood-work. Dining room with gas or wood burning fireplace and built-in hutches. Chef's kitchen with dual fireplace, large island with farm sink, maple cabinetry, concrete countertops, massive walk-in pantry, butlers pantry, nook with built-in table & desk area. Wolf 6 burner double oven range with pot filler, warming drawer. Family room overlooks pool & ocean with full wet bar, and wine cellar. Master suite with seating area, gas/wood fireplace, private balcony & bath with walk-in glass shower. Custom his & her walk-in closets. Jacuzzi tub. Unique bonus room currently used as exercise room with window storage seats, 2nd bonus room for media, music or office. Mud room, large laundry room with laundry chute & farm sink. Spacious and lighted walk-in attic with walk-up for a 360 degree ocean view from roof top. 50 foot ocean view pool and outdoor shower. Private pool or guest house with full kitchen and bath. Private beach walk-over. Oversized, temperature controlled, 3 car detached garage. Fenced yard. Slate tile roof. This home is located in the "Golden Triangle" area of Melbourne Beach.
Last Agent to Sell the Property
Coldwell Banker Realty License #536213 Listed on: 03/28/2014
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $29,413
Year Built
- Built in 2004
Lot Details
- 1.1 Acre Lot
- Lot Dimensions are 150 x 308
- Ocean Front
- West Facing Home
- Wrought Iron Fence
- Front and Back Yard Sprinklers
HOA Fees
- $2 Monthly HOA Fees
Parking
- 3 Car Detached Garage
- Garage Door Opener
- Circular Driveway
Property Views
- Ocean
- Pool
Home Design
- Tile Roof
- Concrete Siding
- Block Exterior
- Asphalt
Interior Spaces
- 7,444 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Wet Bar
- Built-In Features
- Vaulted Ceiling
- Ceiling Fan
- Wood Burning Fireplace
- Family Room
- Dining Room
- Home Office
- Library
- Bonus Room
Kitchen
- Breakfast Area or Nook
- Eat-In Kitchen
- Double Convection Oven
- Gas Range
- Ice Maker
- Dishwasher
- Kitchen Island
- Disposal
Flooring
- Wood
- Stone
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Split Bedroom Floorplan
- Dual Closets
- Walk-In Closet
- Bathtub and Shower Combination in Primary Bathroom
- Spa Bath
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
- Hurricane or Storm Shutters
- Fire and Smoke Detector
Pool
- Heated In Ground Pool
- Outdoor Shower
Outdoor Features
- Property has ocean access
- Patio
Additional Homes
- Accessory Dwelling Unit (ADU)
Schools
- Gemini Elementary School
- Hoover Middle School
- Melbourne High School
Utilities
- Central Heating and Cooling System
- Propane
- Well
- Electric Water Heater
- Cable TV Available
Community Details
- Beaujeans Plat Of Melbourne Beach Subdivision
- Maintained Community
Listing and Financial Details
- Assessor Parcel Number 28-38-05-50-00005.0-0007.00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 8, 2021
Sold by
Schweitzer Todd J and Schweitzer Carol E
Bought by
Schweitzer Todd J
Current Estimated Value
Purchase Details
Listed on
Mar 28, 2014
Closed on
Mar 4, 2015
Sold by
Hamilton John N and Hamilton Patti
Bought by
Schweitzer Todd J and Schweitzer Carol E
Seller's Agent
Nick Farinella
Coldwell Banker Realty
Buyer's Agent
Dave Settgast
One Sotheby's International
List Price
$3,495,000
Sold Price
$2,500,000
Premium/Discount to List
-$995,000
-28.47%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.58%
Purchase Details
Closed on
Jun 28, 2001
Sold by
Morales Walter J and Morales Eileen Z
Bought by
Hamilton John N and Hamilton Patti
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
7.14%
Purchase Details
Closed on
Jan 11, 1996
Sold by
Elliott Philip D and Elliott Carolyn J
Bought by
Morales Walter J and Morales Eileen Z
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.29%
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 |
|---|---|---|---|
| Schweitzer Todd J | $1,416,600 | None Available | |
| Schweitzer Todd J | $2,500,000 | Attorney | |
| Hamilton John N | $1,100,000 | -- | |
| Morales Walter J | $500,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Hamilton John N | $800,000 | |
| Previous Owner | Morales Walter J | $200,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/04/2015 03/04/15 | Sold | $2,500,000 | -28.5% | $336 / Sq Ft |
| 01/30/2015 01/30/15 | Pending | -- | -- | -- |
| 03/28/2014 03/28/14 | For Sale | $3,495,000 | -- | $470 / 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 |
|---|---|---|---|---|
| 2025 | $62,007 | $3,997,830 | -- | -- |
| 2024 | $60,479 | $4,102,930 | -- | -- |
| 2023 | $60,479 | $4,062,180 | $0 | $0 |
| 2022 | $55,128 | $3,538,140 | $0 | $0 |
| 2021 | $41,554 | $2,490,100 | $1,127,500 | $1,362,600 |
| 2020 | $40,684 | $2,421,100 | $1,100,000 | $1,321,100 |
| 2019 | $41,720 | $2,425,010 | $1,100,000 | $1,325,010 |
| 2018 | $41,792 | $2,394,140 | $1,100,000 | $1,294,140 |
| 2017 | $40,704 | $2,309,050 | $1,100,000 | $1,209,050 |
| 2016 | $40,783 | $2,203,380 | $1,100,000 | $1,103,380 |
| 2015 | $29,032 | $1,571,880 | $1,100,000 | $471,880 |
| 2014 | $29,172 | $1,559,410 | $1,168,750 | $390,660 |
Source: Public Records
Agents Affiliated with this Home
-
Nick Farinella
-
Kevin Hill
Seller Co-Listing Agent in 2015
Kevin Hill
RE/MAX
(321) 543-3649
4 in this area
125 Total Sales
-
Dave Settgast
Buyer's Agent in 2015
Dave Settgast
One Sotheby's International
(321) 543-1187
65 in this area
263 Total Sales
Map
Source: Space Coast MLS (Space Coast Association of REALTORS®)
MLS Number: 692847
APN: 28-38-05-50-00005.0-0007.00
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