NOT LISTED FOR SALE

502 Banyan Way Melbourne Beach, FL 32951

Estimated Value: $553,014 - $611,000

3 Beds
2 Baths
1,540 Sq Ft
$373/Sq Ft Est. Value

Highlights

  • Vaulted Ceiling
  • No HOA
  • Laundry Room
  • Gemini Elementary School Rated A-
  • Screened Porch
  • 1-Story Property

About This Home

As of July 2020

Location, location, location! This North Melbourne Beach home is located close to both Melbourne Beach and Indialantic beach accesses, grocery stores, restaurants, and amenities (parks, fishing piers and even a library). You can hear the ocean sitting in the over-sized, screened in back porch and front porch. The home is primarily tiled with newer carpeted living room and hallway. This home is a charming, well preserved and maintained vintage Florida style home with drop beam vaulted ceilings on a large, well kept lot with fruit trees. Perfect Florida home or vacation hideaway. Washer/dryer. Newer appliances. Lawn care included. New A/c system. Shed in backyard for landlord use only.

Last Agent to Rent the Property

Ann Vickers

Newton Commercial Group LLC Listed on: 05/23/2020

Last Renter's Agent

Ann Vickers

Newton Real Estate Group License #3136637

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,587

Year Built

  • Built in 1957

Lot Details

  • 0.31 Acre Lot
  • South Facing Home

Parking

  • 1 Car Garage

Interior Spaces

  • 1,540 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Screened Porch
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Eco-Friendly Details

  • Smart Irrigation

Schools

  • Gemini Elementary School
  • Hoover Middle School
  • Melbourne High School

Utilities

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

Community Details

  • No Home Owners Association
  • Island Shores Of Melbourne Beach Association
  • Island Shores Of Melbourne Beach Subdivision

Listing and Financial Details

  • Property Available on 6/1/20
  • The owner pays for grounds care
  • Assessor Parcel Number 28-38-06-75-00002.0-0015.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,587

Year Built

Built in 1957

Lot Details

0

Parking

1

Rental Info

  • Furnished: Unfurnished
  • Rent Includes: Other
  • Owner Pays: Grounds Care
  • Available Date: 2020-06-01

Listing Details

  • Property Type: Residential Lease
  • Year Built: 1957
  • Reso Property Sub Type: Single Family Residence
  • ResoSecurityFeatures: Smoke Detector(s)
  • Subdivision Name: Island Shores of Melbourne Beach
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • Location Tax and Legal Parcel Number2: 28-38-06-75-00002.0-0015.00
  • Location Tax and Legal Elementary School: Gemini
  • Location Tax and Legal Middle School2: Hoover
  • Location Tax and Legal High School: Melbourne
  • General Property Information Living Area2: 1540.0
  • General Property Information Lot Size Acres: 0.31
  • General Property Information Lot Size Square Feet2: 13503.6
  • General Property Information Waterfront YN: No
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: South
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Levels One: Yes
  • Security Features Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • Room Types Laundry: Yes
  • Smart Home Features Irrigation: Yes
  • Utilities Sewer Available: Yes
  • General Property Information Lot Size Dimensions: 113.0 ft x 120.0 ft
  • Pets Allowed No: Yes
  • Utilities Electricity Available: Yes
  • General Property Information:Pool Private YN: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Ceiling Fan(s), Primary Bathroom - Tub with Shower, Vaulted Ceiling(s)
  • Appliances: Dishwasher, Dryer, Electric Range, Electric Water Heater, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • ResoLivingAreaSource: PublicRecords
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Vaulted Ceiling(s): Yes

Exterior Features

  • Pool Features: None
  • Acres: 0.31
  • Pool Private: No
  • Waterfront: No
  • Direction Faces: South
  • Patio And Porch Features: Porch, Screened
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Screened: Yes

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Heating: Central
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Name: ISLAND SHORES OF MELBOURNE BEACH
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No
  • General Property Information:Association Name: ISLAND SHORES OF MELBOURNE BEACH

Schools

  • Middle Or Junior School: Hoover

Lot Info

  • Lot Dimensions: 113.0 ft x 120.0 ft
  • Lot Size Sq Ft: 13503.6
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2847014
  • Parcel #: 28-38-06-75-00002.0-0015.00
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: Gemini
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 5, 2023
Sold by
Ann Vickers Family Trust and Ethan L Lay Trust
Bought by
Kesilman James and Kesilman Erica
Current Estimated Value
$574,254

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Outstanding Balance
$439,372
Interest Rate
7.23%
Mortgage Type
New Conventional
Estimated Equity
$134,882

Purchase Details

Closed on
Sep 25, 2023
Sold by
Lay Ethan L
Bought by
Kesilman James and Kesilman Erica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Outstanding Balance
$439,372
Interest Rate
7.23%
Mortgage Type
New Conventional
Estimated Equity
$134,882

Purchase Details

Closed on
Aug 23, 2022
Sold by
Ann Vickers
Bought by
Ann Vickers Family Trust

Purchase Details

Closed on
May 1, 2016
Bought by
Vickers Family Trust

Purchase Details

Closed on
May 6, 2015
Sold by
Vickers Ann
Bought by
Vickers Family Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Kesilman James $560,000 Alliance Title
Kesilman James $560,000 Alliance Title
Kesilman James $100 Alliance Title
Kesilman James $100 Alliance Title
Ann Vickers Family Trust $100 Studenberg Law
Vickers Family Trust $100 --
Vickers Family Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kesilman James $448,000
Closed Kesilman James $448,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2024 11/18/24 Off Market $2,100 -- --
07/01/2020 07/01/20 Rented $2,100 0.0% --
06/09/2020 06/09/20 Under Contract -- -- --
05/23/2020 05/23/20 For Rent $2,100 -4.5% --
04/29/2020 04/29/20 Off Market $2,200 -- --
04/18/2020 04/18/20 For Rent $2,200 +4.8% --
10/20/2018 10/20/18 Rented $2,100 0.0% --
10/06/2018 10/06/18 Under Contract -- -- --
10/04/2018 10/04/18 For Rent $2,100 +10.5% --
01/06/2016 01/06/16 Rented $1,900 0.0% --
01/04/2016 01/04/16 Price Changed $1,900 -9.5% $1 / Sq Ft
01/02/2016 01/02/16 For Rent $2,100 0.0% --
01/01/2016 01/01/16 Off Market $2,100 -- --
12/31/2015 12/31/15 Price Changed $2,100 -8.7% $1 / Sq Ft
12/21/2015 12/21/15 Price Changed $2,300 +9.5% $1 / Sq Ft
11/30/2015 11/30/15 Price Changed $2,100 -8.7% $1 / Sq Ft
11/21/2015 11/21/15 Price Changed $2,300 -8.0% $1 / Sq Ft
11/15/2015 11/15/15 For Rent $2,500 -- --
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 $6,587 $477,600 -- --
2024 $6,510 $469,140 -- --
2023 $6,510 $487,160 $330,000 $157,160
2022 $6,036 $460,670 $0 $0
2021 $5,220 $307,920 $240,000 $67,920
2020 $5,070 $296,840 $240,000 $56,840
2019 $4,848 $277,000 $200,000 $77,000
2018 $4,696 $265,740 $200,000 $65,740
2017 $4,495 $268,360 $200,000 $68,360
2016 $4,185 $228,030 $150,000 $78,030
2015 $3,891 $197,960 $135,000 $62,960
2014 -- $179,970 $125,000 $54,970
Source: Public Records

Agents Affiliated with this Home

  • A

    Landlord's Agent in 2020

    Ann Vickers

    Newton Commercial Group LLC

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Map

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

MLS Number: 873570

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-38-06-75-00002.0-0015.00

Florida Brevard County Melbourne Beach 32951

502 Banyan Way, Melbourne Beach, FL

This home is located at 502 Banyan Way, Melbourne Beach, FL 32951 since 23 May 2020 and is currently priced at $574,254. This property was built in 1957. 502 Banyan Way is a home located in Brevard County with nearby schools including Gemini Elementary School, Herbert C. Hoover Middle School, and Melbourne Senior 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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