NOT LISTED FOR SALE

520 E Merrimac Dr Merritt Island, FL 32952

Estimated Value: $336,000 - $373,000

3 Beds
2 Baths
1,219 Sq Ft
$286/Sq Ft Est. Value

Last Sold November 05, 2021

Last sale price $290,000 $238 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $2,136/month

125 Days on Market

Highlights

  • Home fronts a pond
  • Great Room
  • Screened Porch
  • Home fronts a canal
  • No HOA
  • 1 Car Attached Garage

About This Home

As of November 2021

Agents bring your buyers! Upgrades galore recently added , updated electric, freshly painted on inside and brand new carpet throughtout!

Location, location, location in this well established neighborhood off of Newfound Harbor Drive in Merritt Island. Five minutes from beaches, shopping and restaurants. Tropical backyard setting that overlooks a canal which is perfect for kayaking and paddle boarding. Very well maintained landscape and sprinkler system.
Large great room and updated eat in kitchen. Roof was replaced in 10/2019. Three bedrooms and two baths, plus a one car garage with additional carport area.
Same owners since 1974, previous updates were windows and plumbing.

Last Agent to Sell the Property

Brenda Louthan

Quattrocchi Real Estate, Inc. License #3017020 Listed on: 08/30/2021

Last Buyer's Agent

Jim Britton

Britton Group, Inc. License #665325

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $804

Year Built

  • Built in 1967

Lot Details

  • 7,841 Sq Ft Lot
  • Home fronts a pond
  • Home fronts a canal
  • West Facing Home
  • Wood Fence
  • Front and Back Yard Sprinklers

Parking

  • 1 Car Attached Garage
  • Garage Door Opener

Home Design

  • Shingle Roof
  • Concrete Siding
  • Block Exterior
  • Asphalt
  • Stucco

Interior Spaces

  • 1,219 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Great Room
  • Screened Porch
  • Canal Views

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Ice Maker
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

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

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Outdoor Features

  • Patio

Schools

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

Utilities

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

Community Details

  • No Home Owners Association
  • Gateway Unit 2, Revised Association
  • Gateway Unit 2 Revised Subdivision

Listing and Financial Details

  • Assessor Parcel Number 24-37-31-76-0000e.0-0052.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$804

Year Built

Built in 1967

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1967
  • Reso Property Sub Type: Single Family Residence
  • ResoLaundryFeatures: Electric Dryer Hookup, Gas Dryer Hookup, In Garage, Washer Hookup
  • ResoLotFeatures: Sprinklers In Front, Sprinklers In Rear
  • Road Surface Type: Asphalt
  • Reso View: Canal, Water
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Gateway Unit 2 Revised
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 24-37-31-76-0000e.0-0052.00
  • Location Tax and Legal Elementary School: Tropical
  • Location Tax and Legal Middle School2: Jefferson
  • Location Tax and Legal High School: Merritt Island
  • Location Tax and Legal Tax Annual Amount: 803.61
  • Location Tax and Legal Tax Year2: 2020
  • General Property Information Living Area2: 1219.0
  • General Property Information Building Area Total3: 1531.0
  • General Property Information Lot Size Acres: 0.18
  • General Property Information Lot Size Square Feet2: 7841.0
  • General Property Information New Construction YN: No
  • General Property Information Waterfront YN: Yes
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: West
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Fencing Fenced2: Yes
  • Fencing Wood2: Yes
  • Flooring Laminate: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Levels One: Yes
  • Pets Allowed Yes: Yes
  • Road Surface Type Asphalt: Yes
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • Flooring Carpet: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • View Water3: Yes
  • Room Types Great Room: Yes
  • Utilities Natural Gas Connected: Yes
  • ViewCanal: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Ceiling Fan(s), Eat-in Kitchen, Primary Bathroom - Tub with Shower
  • Flooring: Carpet, Laminate
  • Appliances: Dishwasher, Dryer, Gas Range, Gas Water Heater, Ice Maker, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • ResoLivingAreaSource: Other
  • Appliances Dishwasher: Yes
  • Appliances:Gas Range: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Appliances:Gas Water Heater: Yes

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Fencing: Fenced, Wood
  • Acres: 0.18
  • Waterfront Features: Canal Front, Pond
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: West
  • 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
  • Waterfront Features:Pond2: Yes
  • Lot Features:Sprinklers in Front: Yes
  • Lot Features:Sprinklers In Rear: Yes
  • Waterfront Features:Canal Front: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: Attached, Garage, Garage Door Opener
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 1.0
  • Laundry Features:In Garage: Yes
  • Parking Features:Attached: Yes
  • Parking Features:Garage: Yes
  • Parking Features:Garage Door Opener: Yes

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Association Name: GATEWAY UNIT 2, REVISED
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No
  • General Property Information:Association Name: GATEWAY UNIT 2, REVISED

Schools

  • Middle Or Junior School: Jefferson

Lot Info

  • Lot Size Sq Ft: 7841.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 24-37-31-76-0000e.0-0052.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 803.61

MLS Schools

  • Elementary School: Tropical
  • High School: Merritt Island

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2021
Closed on
Nov 5, 2021
Sold by
Louthan Brenda and The Lonnie E Mowell Trust
Bought by
Frink Emory G and Frink Kathleen J
Seller's Agent
Brenda Louthan
Quattrocchi Real Estate, Inc.
Buyer's Agent
Jim Britton
Britton Group, Inc.
List Price
$299,900
Sold Price
$290,000
Premium/Discount to List
-$9,900
-3.3%
Current Estimated Value
$348,043

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,043
Avg. Annual Appreciation
4.69%

Purchase Details

Closed on
May 21, 2019
Sold by
Mowell Lonnie E
Bought by
The Lonnie E Mowell Trust
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
Frink Emory G $290,000 Island T&E Agcy Inc
The Lonnie E Mowell Trust -- Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/05/2021 11/05/21 Sold $290,000 -1.7% $238 / Sq Ft
10/14/2021 10/14/21 Pending -- -- --
10/09/2021 10/09/21 Price Changed $295,000 -4.8% $242 / Sq Ft
09/01/2021 09/01/21 Price Changed $309,900 +3.3% $254 / Sq Ft
08/30/2021 08/30/21 For Sale $299,900 +3.4% $246 / Sq Ft
08/23/2021 08/23/21 Off Market $290,000 -- --
07/08/2021 07/08/21 For Sale $299,900 +3.4% $246 / Sq Ft
06/28/2021 06/28/21 Off Market $290,000 -- --
06/22/2021 06/22/21 Price Changed $299,900 -9.1% $246 / Sq Ft
06/11/2021 06/11/21 For Sale $329,900 -- $271 / 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 $3,659 $278,920 -- --
2024 $3,400 $264,200 -- --
2023 $3,400 $232,950 $120,750 $112,200
2022 $3,463 $248,140 $0 $0
2021 $852 $67,420 $0 $0
2020 $804 $66,490 $0 $0
2019 $752 $65,000 $0 $0
2018 $749 $63,790 $0 $0
2017 $743 $62,480 $0 $0
2016 $745 $61,200 $25,000 $36,200
2015 $372 $60,780 $20,000 $40,780
2014 $373 $60,300 $20,000 $40,300
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 907229

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 24-37-31-76-0000E.0-0052.00