NOT LISTED FOR SALE

525 S Banana River Dr Merritt Island, FL 32952

Estimated Value: $472,000 - $653,000

4 Beds
2.5 Baths
2,064 Sq Ft
$264/Sq Ft Est. Value

Last Sold April 30, 2019

Last sale price $370,000 $179 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $3,072/month

56 Days on Market

Highlights

  • Heated In Ground Pool
  • Canal View
  • Loft
  • Home fronts a creek
  • Wood Flooring
  • No HOA

About This Home

As of April 2019

Surrounded by water with a great view of the Banana River, this 4 bedroom 2.5 bath home is Gorgeous inside and out! Along with the views comes a resort-like feeling thanks to the large backyard complete with the paver edged Pool & Spa which were added in 2016. Once inside the first thing you'll notice is the quality of the fit & finishes: from the beautiful hardwood floors, 6'' baseboard throughout to the warm, carefully chosen paint colors, this 3 story is stunning. The second story features 2 bedrooms, the Kitchen which was remodeled in 2014 with granite counters, stainless appliances and light creme shaker cabinetry, as well as the spacious Living room which opens up to the incredible front covered balcony. The top floor is like a getaway in itself with a Master bedroom, Master bathroom and Loft/4th bedroom that are truly special. The views are spectacular, the walk-in closets are spacious and the bathroom has double sinks, a large tub and shower. Tying everything together is the long list of improvements made: New Metal Roof in 2018, New A/C in 2018, All bathrooms have recent remodels, New and improved seawall, Metal storm shutters, Hardie backer siding, Skip trial ceilings, Paver driveway, the list goes on! All of this only 3 miles from Cocoa Beach!

Last Agent to Sell the Property

Nick Cazessus

Blue Marlin Real Estate Listed on: 01/21/2019

Last Buyer's Agent

Charles Noel

Real Estate Direct of Florida

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,960

Year Built

  • Built in 1991

Lot Details

  • 7,405 Sq Ft Lot
  • Home fronts a creek
  • East Facing Home
  • Wood Fence

Parking

  • 2 Car Attached Garage

Home Design

  • Frame Construction
  • Metal Roof
  • Wood Siding
  • Asphalt

Interior Spaces

  • 2,064 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Loft
  • Canal Views
  • Hurricane or Storm Shutters
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Separate Shower in Primary Bathroom

Pool

  • Heated In Ground Pool
  • In Ground Spa

Outdoor Features

  • Balcony
  • Porch

Schools

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

Utilities

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

Community Details

  • No Home Owners Association
  • J J Coveys Unrec Subd Subdivision

Listing and Financial Details

  • Assessor Parcel Number 25-36-01-02-00000.0-0015.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,960

Year Built

Built in 1991

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1991
  • Reso Property Sub Type: Single Family Residence
  • Road Surface Type: Asphalt
  • Reso View: Canal, Water
  • Water Body Name: Pelican Creek
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: J J Coveys Unrec Subd
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 25-36-01-02-00000.0-0015.00
  • 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: 1960.0
  • Location Tax and Legal Tax Year2: 2018
  • General Property Information Living Area2: 2064.0
  • General Property Information Lot Size Acres: 0.17
  • General Property Information Lot Size Square Feet2: 7405.0
  • 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: East
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Fencing Fenced2: Yes
  • Fencing Wood2: Yes
  • Flooring Tile: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • Flooring Wood: Yes
  • Pets Allowed Yes: Yes
  • Pool Features In Ground: Yes
  • Pool Features Private: Yes
  • Road Surface Type Asphalt: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • Interior Features Primary Bathroom -Tub with Separate Shower: Yes
  • Spa Features In Ground2: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • View Water3: Yes
  • Room Types Laundry: Yes
  • Levels Three Or More: Yes
  • Utilities Propane3: Yes
  • Pool Features Gas Heat: Yes
  • Room Types Loft: Yes
  • ViewCanal: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Ceiling Fan(s), Eat-in Kitchen, Primary Bathroom - Tub with Shower, Primary Bathroom -Tub with Separate Shower, Split Bedrooms, Walk-In Closet(s)
  • Flooring: Tile, Wood
  • Spa Features: In Ground
  • Appliances: Dishwasher, Electric Water Heater, Gas Range, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • ResoLivingAreaSource: Other
  • General Property Information Bathrooms Half: 1
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Gas Range: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Split Bedrooms: Yes
  • Interior Features:Walk-In Closet(s): Yes

Exterior Features

  • Exterior Features: Balcony, Storm Shutters
  • Pool Features: Gas Heat, In Ground, Private
  • Roof: Metal
  • Fencing: Fenced, Wood
  • Acres: 0.17
  • Waterfront Features: Creek
  • Waterfront: Yes
  • Construction Type: Fiber Cement, Frame, Wood Siding
  • Direction Faces: East
  • Patio And Porch Features: Porch
  • Patio and Porch Features:Porch: Yes
  • Exterior Features:Storm Shutters: Yes
  • Construction Materials:Frame: Yes
  • Construction Materials:Wood Siding: Yes
  • Exterior Features:Balcony: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Construction Materials:Fiber Cement: Yes
  • Waterfront Features:Creek: Yes

Garage/Parking

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

Utilities

  • Cooling: Central Air, Electric
  • Utilities: Cable Available, Electricity Connected, Water Available, Propane
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Central: Yes
  • Heating:Electric3: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Jefferson

Lot Info

  • Lot Size Sq Ft: 7405.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 25-36-01-02-00000.0-0015.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 1960.0

MLS Schools

  • Elementary School: Tropical
  • High School: Merritt Island

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 9, 2020
Sold by
Brown Larry D and Brown Amy B
Bought by
Brown Larry D and Brown Amy B
Current Estimated Value
$543,884

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$302,098
Outstanding Balance
$268,210
Interest Rate
2.8%
Mortgage Type
VA
Estimated Equity
$275,674

Purchase Details

Listed on
Jan 21, 2019
Closed on
Apr 30, 2019
Sold by
Hardy Chris and Hardy Kelly
Bought by
Brown Larry D and Rogers Amy B
Seller's Agent
Nick Cazessus
Blue Marlin Real Estate
Buyer's Agent
Charles Noel
Real Estate Direct of Florida
List Price
$389,000
Sold Price
$370,000
Premium/Discount to List
-$19,000
-4.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.07%
Original Mortgage
$300,000
Interest Rate
4.3%
Mortgage Type
VA

Purchase Details

Listed on
Mar 12, 2015
Closed on
Jun 29, 2015
Sold by
Scafidi Roy H and Scafidi Joyce C
Bought by
Hardy Christopher Scott and Hardy Kelly Lynne
Seller's Agent
Michael Alshouse
Coral C's Rlty. & Prop.Mgt.LLC
Buyer's Agent
Michael Alshouse
Coral C's Rlty. & Prop.Mgt.LLC
List Price
$249,900
Sold Price
$212,000
Premium/Discount to List
-$37,900
-15.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.61%

Purchase Details

Closed on
Jun 9, 2009
Sold by
Kondaur Capital Corporation
Bought by
Scafidi Roy H and Scafidi Joyce C

Purchase Details

Closed on
Mar 9, 2009
Sold by
Kaplan Steven R and Kaplan Linda L
Bought by
Kondaur Capital Corporation

Purchase Details

Closed on
Apr 10, 2006
Sold by
Paxton Susan J
Bought by
Kaplan Steven R and Kaplan Linda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
6.2%
Mortgage Type
Fannie Mae Freddie Mac
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 Buyer Sale Price Title Company
Brown Larry D -- Mortgage Connect Lp
Brown Larry D $370,000 Dockside Title Llc
Hardy Christopher Scott $212,000 Island Title & Escrow Agency
Scafidi Roy H $70,000 Dba Glow Title & Escrow
Kondaur Capital Corporation $124,800 Servicelink
Kaplan Steven R $170,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brown Larry D $302,098
Closed Brown Larry D $300,000
Previous Owner Kaplan Steven R $127,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/30/2019 04/30/19 Sold $370,000 -4.9% $179 / Sq Ft
03/18/2019 03/18/19 Pending -- -- --
01/21/2019 01/21/19 For Sale $389,000 +83.5% $188 / Sq Ft
06/29/2015 06/29/15 Sold $212,000 -7.8% $103 / Sq Ft View Prior Sale
06/09/2015 06/09/15 Pending -- -- --
05/12/2015 05/12/15 Price Changed $230,000 -8.0% $111 / Sq Ft
03/12/2015 03/12/15 For Sale $249,900 -- $121 / 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 $2,534 $202,060 -- --
2024 $2,331 $196,370 -- --
2021 $2,331 $175,460 $0 $0
2020 $2,287 $173,040 $0 $0
2019 $3,638 $230,700 $38,000 $192,700
2015 $2,152 $132,130 $16,000 $116,130
2014 $743 $83,710 $16,000 $67,710
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2019

    Nick Cazessus

    Blue Marlin Real Estate

  • C

    Buyer's Agent in 2019

    Charles Noel

    Real Estate Direct of Florida

  • M

    Seller's Agent in 2015

    Michael Alshouse

    Coral C's Rlty. & Prop.Mgt.LLC

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Map

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

MLS Number: 834645

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 24-37-31-75-00000.0-0043.00

Florida Brevard County Merritt Island 32952

525 S Banana River Dr, Merritt Island, FL

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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