$265,000
SOLD SEP 7, 2020

514 N Banana River Dr Merritt Island, FL 32952

-- Bed
-- Bath
816 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$325 Per Sq Ft

5% Below List Price

1 Day on Market

Highlights

  • Waterfront
  • Corner Lot
  • 2 Car Attached Garage
  • Audubon Elementary School Rated 9+
  • No HOA
  • Central Air

About This Home

As of May 2025

Two Great Rental Properties Plus A Vacant Lot! First, We Have A 2 BR, 1 Bath, Needs Some Updating / Plenty Of Room In The Back Yard For BBQ's! $115,000...
Next, On One Side Is A 3 BR, 2 Bath, 2 Car Garage - Brand New Roof - $125,000...On The Other Side - A Vacant Lot - $40,000...All Properties Are Approximately 50' Wide X 150'' Deep. Got A Boat? Kelly's Park And Boat Ramp Is 5 Minutes Down The Road And Cocoa Beach In The Opposite Direction!

Last Agent to Sell the Property

Louis Tucciarone

Keller Williams Realty Brevard Listed on: 09/03/2020

Last Buyer's Agent

Joe Kovac

Kovac Real Estate License #3253209

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $534

Year Built

  • Built in 1957

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50' x 150'
  • Waterfront
  • Corner Lot
  • Few Trees

Parking

  • 2 Car Attached Garage
  • 1 Carport Space

Home Design

  • Shingle Roof
  • Wood Roof
  • Concrete Siding
  • Block Exterior

Interior Spaces

  • 816 Sq Ft Home
  • Laminate Flooring
  • Electric Range

Laundry

  • Dryer
  • Washer

Schools

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

Utilities

  • Central Air
  • Septic Tank

Community Details

  • No Home Owners Association
  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$534

Year Built

Built in 1957

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Year Built: 1957
  • Reso Property Sub Type: Multi Family
  • ResoLotFeatures: Corner Lot, Few Trees, Other
  • ResoSpecialListingConditions: Standard
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Location Tax and Legal Elementary School: Audubon
  • Location Tax and Legal Middle School2: Jefferson
  • Location Tax and Legal High School: Merritt Island
  • Location Tax and Legal Tax Annual Amount: 534.46
  • Location Tax and Legal Tax Year2: 2020
  • General Property Information Building Area Total3: 816.0
  • General Property Information Lot Size Acres: 0.17
  • General Property Information Lot Size Square Feet2: 7405.0
  • General Property Information Carport Spaces2: 1.0
  • General Property Information Waterfront YN: No
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Flooring Laminate: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Roof:Shingle: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: Yes
  • Utilities Water Available: Yes
  • General Property Information Lot Size Dimensions: 50' X 150'
  • General Property Information Number Of Units Total2: 3.0
  • General Property Information Water Frontage Feet: 1
  • Roof Wood3: Yes
  • Utilities Sewer Connected: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate
  • Appliances: Dryer, Electric Range, Refrigerator, Washer
  • ResoLivingAreaSource: PublicRecords
  • Appliances:Electric Range: Yes

Exterior Features

  • Pool Features: None
  • Roof: Shingle, Wood, Other
  • Acres: 0.17
  • Waterfront: No
  • Construction Type: Block, Concrete
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Lot Features:Other21: Yes
  • Lot Features:Few Trees: Yes
  • Lot Features:Corner Lot: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Carport
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Attached: Yes
  • Parking Features:Carport: Yes

Utilities

  • Cooling: Central Air
  • Utilities: Sewer Connected, Water Available, Other
  • Cooling Y N: Yes
  • Water Source: Public
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Jefferson

Lot Info

  • Lot Dimensions: 50' X 150'
  • Lot Size Sq Ft: 7405.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2437730
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Other

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 534.46

Multi Family

  • Number Of Units Total: 3

MLS Schools

  • Elementary School: Audubon
  • High School: Merritt Island

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2020
Closed on
Sep 25, 2020
Sold by
Rizzo Renee Faith and Renee Faith Rizzo Revocable Li
Bought by
Island Bluff Llc
Seller's Agent
Louis Tucciarone
Keller Williams Realty Brevard
Buyer's Agent
Joe Kovac
Kovac Real Estate
List Price
$280,000
Sold Price
$265,000
Premium/Discount to List
-$15,000
-5.36%
Current Estimated Value
$73,178

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$191,822
Avg. Annual Appreciation
-22.65%

Purchase Details

Listed on
Sep 3, 2020
Closed on
Sep 10, 2020
Sold by
Rizzo Renee Faith and Renee Faith Rizzo Revocable Li
Bought by
Rizzo Renee Faith
Seller's Agent
Louis Tucciarone
Keller Williams Realty Brevard
Buyer's Agent
Joe Kovac
Kovac Real Estate
List Price
$280,000
Sold Price
$265,000
Premium/Discount to List
-$15,000
-5.36%

Purchase Details

Closed on
Jun 22, 2011
Sold by
Rizzo Renee Faith
Bought by
Renee Faith Rizzo Revocable Living Trust
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $85,000 Foundation Ttl & Setmnt Svcs
Warranty Deed $85,000 Foundation Title & Settlement
Interfamily Deed Transfer -- Attorney
Warranty Deed -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2025 05/12/25 Sold $70,000 -6.7% $86 / Sq Ft
04/05/2025 04/05/25 Pending -- -- --
03/05/2025 03/05/25 For Sale $75,000 -71.7% $92 / Sq Ft
09/07/2020 09/07/20 Sold $265,000 -5.4% $325 / Sq Ft
09/05/2020 09/05/20 Pending -- -- --
09/03/2020 09/03/20 For Sale $280,000 -- $343 / 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
2024 $1,608 $60,000 -- --
2023 $1,608 $96,420 $60,000 $36,420
2022 $1,440 $85,890 $0 $0
2021 $1,382 $70,650 $48,000 $22,650
2020 $534 $33,160 $0 $0
2019 $471 $32,420 $0 $0
2018 $461 $31,820 $0 $0
2017 $447 $31,170 $0 $0
2016 $435 $30,530 $18,000 $12,530
2015 $423 $30,320 $18,000 $12,320
2014 $421 $30,080 $18,000 $12,080
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 884459

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 24-37-30-75-0000K.0-0013.00