NOT LISTED FOR SALE

5122 Winding Way Merritt Island, FL 32953

Estimated Value: $84,000 - $467,000

-- Bed
-- Bath
-- Sq Ft
1.13 Acres

Last Sold November 10, 2022

Last sale price $80,000

Est. 191% increase in value since last sale

Current estimated payment $1,467/month

311 Days on Market

Highlights

  • 1.13 Acre Lot
  • Wooded Lot
  • 4-minute walk to Kings Park
  • Lewis Carroll Elementary School Rated A-

About This Home

As of November 2022

A Nature Lovers paradise! Build your dream home on the last lot available in Otter Trace! This residential natural state Lot is 1.13 Acres, with a buildable area of approx .26 acres and is nestled in a neighborhood with beautiful trees & custom built homes. There is a conservation easement in the rear of the property providing lots of privacy! Letter from SJRWM states that Otter Trace (SJRWMD# 14478) was permitted by the District and all wetlands and surface waters were reviewed as part of the permitting process. All wetland and surface water impacts have been addressed with this permit and no further permitting is required to build a SFR.

Last Agent to Sell the Property

Leslie Boucher

Reef Realty Florida LLC License #3303145 Listed on: 11/05/2021

Reef Realty Florida LLC

Last Buyer's Agent

Shirley Solomon

The Property Place License #113333

The Property Place

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $561

Lot Details

  • 1.13 Acre Lot
  • Wooded Lot
  • Many Trees

HOA Fees

  • $25 Monthly HOA Fees

Schools

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

Community Details

  • Otter Trace Subdivision

Listing and Financial Details

  • Assessor Parcel Number 23-36-25-50-00000.0-0036.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$561

Lot Details

0

HOA Fees

$25 per month

Listing Details

  • Property Type: Land
  • Reso Property Sub Type: Unimproved Land
  • ResoLotFeatures: Many Trees, Wooded
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Otter Trace
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Exterior Features

  • Acres: 1.13
  • Waterfront: No
  • Lot Features:Wooded: Yes
  • Lot Features:Many Trees: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 300.0
  • Association Fee Frequency: Annually
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 300.0
  • General Property Information:Association Fee Frequency: Annually

Schools

  • Middle Or Junior School: Jefferson

Lot Info

  • Current Use: Residential, Single Family
  • Lot Size Sq Ft: 49223.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 23-36-25-50-00000.0-0036.00
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 561.47

MLS Schools

  • Elementary School: Carroll
  • High School: Merritt Island

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 31, 2024
Sold by
Ward Charles Barry
Bought by
Ward Charles Barry and Greene Kelli Raye
Total Days on Market
311
Current Estimated Value
$232,667

Purchase Details

Closed on
Feb 16, 2024
Sold by
Spangler Shane R and Spangler Lori B
Bought by
Ward Charles Barry

Purchase Details

Listed on
Nov 5, 2021
Closed on
Nov 10, 2022
Sold by
Scott Susan V
Bought by
Spangler Shane R and Spangler Lori B
Seller's Agent
Leslie Boucher
Reef Realty Florida LLC
Buyer's Agent
Shirley Solomon
The Property Place
List Price
$150,000
Sold Price
$80,000
Premium/Discount to List
-$70,000
-46.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
49.84%

Purchase Details

Closed on
May 31, 2019
Sold by
Hammett Richard C and King Roberta
Bought by
Scott Susan V

Purchase Details

Closed on
Jun 10, 2002
Sold by
Otter Trace L C
Bought by
Hammett Richard C and King Roberta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,900
Interest Rate
6.77%
Source: Public Records

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Range of Values:

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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
Ward Charles Barry $100 None Listed On Document
Ward Charles Barry $85,000 None Listed On Document
Spangler Shane R $80,000 Island Title & Escrow
Scott Susan V $40,000 Island T&E Agcy Inc
Hammett Richard C $29,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Spangler Lori B Johnson $640,000
Previous Owner Hammett Richard C $26,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2022 11/10/22 Sold $80,000 -36.0% --
09/13/2022 09/13/22 Pending -- -- --
04/01/2022 04/01/22 Price Changed $125,000 -13.8% --
01/13/2022 01/13/22 Price Changed $145,000 -3.3% --
11/05/2021 11/05/21 For Sale $150,000 -- --
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 $1,812 $147,000 $147,000 $0
2022 $1,114 $147,000 $0 $0
2021 $561 $42,000 $42,000 $0
2020 $576 $42,000 $42,000 $0
2019 $769 $54,600 $54,600 $0
2018 $769 $55,000 $55,000 $0
2017 $744 $13,000 $0 $0
2016 $708 $47,000 $47,000 $0
2015 $703 $47,000 $47,000 $0
2014 $610 $37,000 $37,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 919969

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 23-36-25-50-00000.0-0036.00