NOT LISTED FOR SALE

507 Banyan Way Melbourne Beach, FL 32951

Estimated Value: $601,000 - $795,000

4 Beds
3 Baths
2,187 Sq Ft
$324/Sq Ft Est. Value

Last Sold November 05, 2015

Last sale price $375,000 $171 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $4,114/month

21 Days on Market

Highlights

  • In Ground Pool
  • Open Floorplan
  • No HOA
  • Gemini Elementary School Rated A-
  • Vaulted Ceiling
  • Screened Porch

About This Home

As of November 2015

Located in the heart of Melbourne Beach, walking distance to the beach or the river. This house is charming with a contemporary spin on modern amenities, such as a new chef’s kitchen, updated bathrooms and new windows with high impact glass. The guest suite has its own entrance, bath and ac unit. The living area opens up with bi-fold doors onto the screened patio to expand entertaining options. The property is no wallflower and has stood the test of time with beautiful wood beam and scalloped ceilings, along with terrazzo floors. The Seller loves this property and is sad to part with it and all the money they have spent on the new kitchen, window, doors and much more, but they are relocating due to work.

Last Agent to Sell the Property

Miriam Perlmutter

SunCoast Real Estate Group License #3304323/3307605 Listed on: 09/21/2015

Co-Listed By

J.Rod Morrison

SunCoast Real Estate Group

Last Buyer's Agent

Out Of Area (SCAR)

Out of Area

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,717

Year Built

  • Built in 1958

Lot Details

  • 0.3 Acre Lot
  • North Facing Home
  • Wood Fence
  • Front and Back Yard Sprinklers
  • Few Trees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Membrane Roofing
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,187 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Vaulted Ceiling
  • Ceiling Fan
  • Screened Porch
  • Terrazzo Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • In-Law or Guest Suite
  • 3 Full Bathrooms

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Patio

Schools

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

Utilities

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

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 28-38-06-75-00003.0-0005.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,717

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1958
  • Reso Property Sub Type: Single Family Residence
  • ResoLaundryFeatures: In Garage
  • ResoLotFeatures: Few Trees, Sprinklers In Front, Sprinklers In Rear
  • Co List Office Mls Id: 04820
  • Co List Office Phone: 321-428-3878
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Island Shores of Melbourne Beach
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 28-38-06-75-00003.0-0005.00
  • Location Tax and Legal Elementary School: Gemini
  • Location Tax and Legal Middle School2: Hoover
  • Location Tax and Legal High School: Melbourne
  • Location Tax and Legal Tax Annual Amount: 3716.53
  • Location Tax and Legal Tax Year2: 2014
  • General Property Information Living Area2: 2187.0
  • General Property Information Building Area Total3: 2691.0
  • General Property Information Lot Size Acres: 0.3
  • General Property Information Lot Size Square Feet2: 13068.0
  • 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: North
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Fencing Fenced2: Yes
  • Fencing Wood2: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Levels One: Yes
  • Pets Allowed Yes: Yes
  • Pool Features In Ground: Yes
  • Pool Features Private: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • Water Source Well: Yes
  • Flooring Terrazzo: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • Interior Features Guest Suite: Yes
  • General Property Information Lot Size Dimensions: 113.0 ft x 115.0 ft
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Ceiling Fan(s), Guest Suite, Kitchen Island, Open Floorplan, Split Bedrooms, Vaulted Ceiling(s), Walk-In Closet(s)
  • Flooring: Terrazzo
  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • ResoLivingAreaSource: PublicRecords
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Open Floorplan: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Kitchen Island: Yes
  • Interior Features:Split Bedrooms: Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Interior Features:Walk-In Closet(s): Yes

Exterior Features

  • Pool Features: In Ground, Private
  • Roof: Membrane
  • Fencing: Fenced, Wood
  • Acres: 0.3
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: North
  • Patio And Porch Features: Patio, Porch, Screened
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Screened: Yes
  • Lot Features:Sprinklers in Front: Yes
  • Lot Features:Sprinklers In Rear: Yes
  • ConstructionSiding:Roof Membrane: Yes
  • Lot Features:Few Trees: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage Door Opener
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Laundry Features:In Garage: Yes
  • Parking Features:Attached: Yes
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Cooling: Central Air, Electric
  • Utilities: Cable Available, Electricity Connected, Water Available
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Well
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Hoover

Lot Info

  • Lot Dimensions: 113.0 ft x 115.0 ft
  • Lot Size Sq Ft: 13068.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2847020
  • Parcel #: 28-38-06-75-00003.0-0005.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 3716.53

MLS Schools

  • Elementary School: Gemini
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2015
Closed on
Nov 5, 2015
Sold by
Kolb Damien Francis and Kolb Mary
Bought by
Garrity Troy Gunnar and Garrity Melisa Morse
Seller's Agent
Miriam Perlmutter
SunCoast Real Estate Group
Buyer's Agent
Out Of Area (SCAR)
Out of Area
List Price
$405,000
Sold Price
$375,000
Premium/Discount to List
-$30,000
-7.41%
Current Estimated Value
$707,905

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$332,905
Avg. Annual Appreciation
6.59%
Original Mortgage
$200,000
Outstanding Balance
$157,842
Interest Rate
3.89%
Estimated Equity
$550,063

Purchase Details

Listed on
Sep 9, 2014
Closed on
Sep 8, 2014
Sold by
Skid Top Llc
Bought by
Kolb Damien Francis and Kolb Mary
Seller's Agent
Bradley Griffin
Weichert REALTORS Hallmark Pro
Buyer's Agent
Bradley Griffin
Weichert REALTORS Hallmark Pro
List Price
$349,900
Sold Price
$310,000
Premium/Discount to List
-$39,900
-11.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.83%
Original Mortgage
$248,000
Interest Rate
4.19%

Purchase Details

Closed on
Apr 9, 2014
Sold by
Secured Trustee Services Llc
Bought by
Skid Top Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
4.33%

Purchase Details

Listed on
Oct 30, 2013
Closed on
Jan 3, 2014
Sold by
Franklin Run Llc
Bought by
Secured Trustee Services Llc and 507 Banyan Land Trust
Seller's Agent
Laura Hazlett
Atlantic Real Estate Brokerage
Buyer's Agent
Tami Leliuga Shriver
Mutter Realty
List Price
$274,900
Sold Price
$165,200
Premium/Discount to List
-$109,700
-39.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.14%
Original Mortgage
$198,240
Interest Rate
15%

Purchase Details

Listed on
Oct 30, 2013
Closed on
Dec 19, 2013
Sold by
Federal National Mortgage Association
Bought by
Franklin Run Llc
Seller's Agent
Laura Hazlett
Atlantic Real Estate Brokerage
Buyer's Agent
Tami Leliuga Shriver
Mutter Realty
List Price
$274,900
Sold Price
$165,200
Premium/Discount to List
-$109,700
-39.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,240
Interest Rate
15%

Purchase Details

Closed on
Oct 16, 2012
Sold by
Kaye Stephen M and Green Tree Servicing Llc
Bought by
Federal National Mortgage Corporation

Purchase Details

Closed on
Jan 21, 2005
Sold by
Neil Timothy and Neil Gail
Bought by
Kaye Stephen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6%

Purchase Details

Closed on
Jul 22, 2004
Sold by
Holden Mary Ann
Bought by
Neil Timothy and Neil Gail

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
6.24%
Source: Public Records

Range of Values:

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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
Garrity Troy Gunnar $375,000 Alliance Title Insurance Age
Kolb Damien Francis $310,000 Southeast Professional Title
Skid Top Llc -- Orlando Title Pros
Secured Trustee Services Llc $195,000 Orlando Title Professionals
Franklin Run Llc $165,200 Orlando Title Professionals
Federal National Mortgage Corporation -- None Available
Kaye Stephen M $300,000 Amerilaw Title Company Llc
Neil Timothy $280,000 Security First Title Partner
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garrity Troy Gunnar $200,000
Previous Owner Kolb Damien Francis $248,000
Previous Owner Skid Top Llc $230,000
Previous Owner Secured Trustee Services Llc $198,240
Previous Owner Kaye Stephen M $240,000
Previous Owner Neil Timothy $224,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/05/2015 11/05/15 Sold $375,000 -7.4% $171 / Sq Ft
09/21/2015 09/21/15 Pending -- -- --
09/21/2015 09/21/15 For Sale $405,000 0.0% $185 / Sq Ft
09/12/2015 09/12/15 Pending -- -- --
08/31/2015 08/31/15 For Sale $405,000 +30.6% $185 / Sq Ft
09/08/2014 09/08/14 Sold $310,000 -11.4% $147 / Sq Ft View Prior Sale
09/05/2014 09/05/14 Pending -- -- --
03/10/2014 03/10/14 For Sale $349,900 +111.8% $166 / Sq Ft
01/03/2014 01/03/14 Sold $165,200 -39.9% $79 / Sq Ft View Prior Sale
12/16/2013 12/16/13 Pending -- -- --
05/03/2013 05/03/13 For Sale $274,900 -- $131 / 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 $4,812 $361,700 -- --
2024 $4,699 $351,510 -- --
2023 $4,699 $341,280 $0 $0
2022 $4,611 $331,340 $0 $0
2021 $4,763 $321,690 $0 $0
2020 $4,722 $317,250 $0 $0
2019 $4,710 $310,120 $0 $0
2018 $4,677 $304,160 $0 $0
2017 $4,627 $298,450 $0 $0
2016 $4,802 $295,620 $150,000 $145,620
2015 $4,423 $269,540 $135,000 $134,540
2014 $3,717 $189,280 $125,000 $64,280
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Miriam Perlmutter

    SunCoast Real Estate Group

    Section Image

  • J

    Seller Co-Listing Agent in 2015

    J.Rod Morrison

    SunCoast Real Estate Group

  • O

    Buyer's Agent in 2015

    Out Of Area (SCAR)

    Out of Area

  • B

    Seller's Agent in 2014

    Bradley Griffin

    Weichert REALTORS Hallmark Pro

  • L

    Seller's Agent in 2014

    Laura Hazlett

    Atlantic Real Estate Brokerage

  • T

    Buyer's Agent in 2014

    Tami Leliuga Shriver

    Mutter Realty

    Section Image
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Map

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

MLS Number: 733797

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-38-06-75-00003.0-0005.00

Florida Brevard County Melbourne Beach 32951

507 Banyan Way, Melbourne Beach, FL

This home is located at 507 Banyan Way, Melbourne Beach, FL 32951 since 21 September 2015 and is currently estimated at $707,905, approximately $323 per square foot. This property was built in 1958. 507 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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