NOT LISTED FOR SALE

540 S Banana River Dr Unit 105 Merritt Island, FL 32952

Estimated Value: $394,498 - $535,000

3 Beds
3 Baths
1,743 Sq Ft
$465/mo HOA Fee

Last Sold May 21, 2015

Last sale price $255,000 $146 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $3,017/month

200 Days on Market

Highlights

  • Boat Dock
  • Marina View
  • In Ground Pool
  • Home fronts a seawall
  • Boat Lift
  • Senior Community

About This Home

As of May 2015

PRICE REDUCED ON PERFECTION!!!! Boaters Dream Residence, Protected Marina, Private Docks/Lifts, Direct Banana River Complex, NO Restrictive Bridges to go under, OPEN WATER! Private Slip Included with like new 10K lb. Lift (negotiable with out slip), This unit has a Beach Feel w/Marina Benefits, Direct View of the Marina & River, 3 Bedroom/3 Bath, 10 Foot Tray Ceilings, MONSTROUS Master Suite, GORGEOUS Tile that compliments the AWESOME Laminate Flooring through-out. Stainless Steel Appliances w/Solid Surface Counter tops everywhere, Brand New (High End) Closet & Kitchen Cabinet Organizers, Fresh Paint, All windows and Sliders are Impact Glass, Storage Closet on Balcony and another under Building along with 2 assigned parking spots. The Complex is Gated w/night vision Surveillance Video, Full Gym w/Facilities, Riverview Pool w/Hot Tub, Wet & Dry Saunas, Launch area for Kayaks, Canoes, Paddle-Boards. Come see Florida Living at its best, the BEST KEPT SECRET in the area.

Last Agent to Sell the Property

Charlie Gersey

Better Homes & Gardens RE Star License #3088494 Listed on: 11/04/2014

Better Homes & Gardens RE Star

Last Buyer's Agent

Tracy Dix

Ocean Realty Partners LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,478

Year Built

  • Built in 2005

Lot Details

  • Home fronts a seawall
  • River Front
  • North Facing Home

HOA Fees

  • $465 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Property Views

  • Marina
  • Intracoastal
  • River
  • Pool

Home Design

  • Tar and Gravel Roof
  • Metal Roof
  • Concrete Siding
  • Block Exterior
  • Asphalt
  • Stucco

Interior Spaces

  • 1,743 Sq Ft Home
  • 4-Story Property
  • Open Floorplan
  • Built-In Features
  • Ceiling Fan
  • Security Gate

Kitchen

  • Breakfast Bar
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 3 Full Bathrooms
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Above Ground Spa

Outdoor Features

  • Boat Lift
  • Balcony
  • Shed

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 24-37-31-75-00000.0-0003.06

Community Details

Overview

  • Senior Community
  • Association fees include cable TV, insurance, sewer, trash, water
  • $45 Other Monthly Fees
  • Marina Village Condo Ph I Subdivision
  • Maintained Community

Amenities

  • Sauna
  • Clubhouse
  • Elevator
  • Secure Lobby
  • Community Storage Space

Recreation

  • Boat Dock
  • Community Boat Slip
  • Community Pool
  • Community Spa

Pet Policy

  • Pet Size Limit

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,478

Year Built

Built in 2005

Lot Details

0

HOA Fees

$465 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2005
  • Reso Property Sub Type: Condominium
  • Road Surface Type: Asphalt
  • Reso View: Marina, Pool, River, Water, Intracoastal
  • Water Body Name: Banana River
  • ResoSecurityFeatures: Fire Sprinkler System, Security Gate, Secured Lobby
  • Reso Association Amenities: Boat Dock, Boat Slip, Clubhouse, Elevator(s), Maintenance Grounds, Maintenance Structure, Management - Full Time, Management - Off Site, Sauna, Spa/Hot Tub, Storage
  • Reso Association Fee Includes: Cable TV, Insurance, Sewer, Trash, Water
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Marina Village Condo Ph I
  • Carport Y N: No
  • Entry Level: 2
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Reso Other Structures: Shed(s)
  • Location Tax and Legal Parcel Number2: 24-37-31-75-00000.0-0003.06
  • 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: 2477.62
  • Location Tax and Legal Tax Year2: 2014
  • General Property Information Living Area2: 1743.0
  • General Property Information Building Area Total3: 1973.0
  • General Property Information Lot Size Acres: 0.02
  • General Property Information Lot Size Square Feet2: 871.0
  • General Property Information New Construction YN: No
  • General Property Information Waterfront YN: Yes
  • General Property Information Senior Community YN: Yes
  • General Property Information Direction Faces: North
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Flooring Laminate: Yes
  • Flooring Tile: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • General Property Information Other Fee(s) Amount: 45.0
  • Appliances Dryer: Yes
  • Washers: Yes
  • Levels One: Yes
  • Pool Features In Ground: Yes
  • Association Amenities Maintenance Grounds2: Yes
  • Road Surface Type Asphalt: Yes
  • Security Features Security Gate: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Electricity Connected: Yes
  • View Pool: Yes
  • Interior Features Primary Bathroom -Tub with Separate Shower: Yes
  • Pets Allowed Size Limit: Yes
  • General Property Information Carport YN2: No
  • Other Structures Shed(s): Yes
  • Utilities Water Available: Yes
  • View Water3: Yes
  • Waterfront Features Waterfront Community: Yes
  • General Property Information Stories Total: 4
  • Security Features Fire Sprinkler System: Yes
  • Security Features Secured Lobby: Yes
  • Spa Features Above Ground2: Yes
  • Exterior Features Boat Lift: Yes
  • View Intracoastal: Yes
  • View Marina2: Yes
  • Roof TarGravel: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Interior Amenities: Breakfast Bar, Built-in Features, Ceiling Fan(s), Open Floorplan, Primary Bathroom - Tub with Shower, Primary Bathroom -Tub with Separate Shower, Split Bedrooms, Walk-In Closet(s)
  • Flooring: Laminate, Tile
  • Spa Features: Above Ground
  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Total Bedrooms: 6
  • Stories: 4
  • ResoLivingAreaSource: Other
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Open Floorplan: Yes
  • Pool Features:Community: Yes
  • Interior Features:Breakfast Bar: Yes
  • Interior Features:Built-in Features: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Split Bedrooms: Yes
  • Interior Features:Walk-In Closet(s): Yes

Exterior Features

  • Exterior Features: Balcony, Boat Lift
  • Pool Features: Community, In Ground
  • Roof: Metal, Tar/Gravel
  • Acres: 0.02
  • Waterfront Features: River Front, Seawall, Waterfront Community
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: North
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Exterior Features:Balcony: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Waterfront Features:Seawall: Yes
  • View:River: Yes
  • Waterfront Features:River Front: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Assigned, Attached, Garage Door Opener, Underground
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Attached: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Assigned: Yes
  • Parking Features:Underground2: Yes

Utilities

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

Condo/Co-op/Association

  • Senior Community: Yes
  • Association Fee: 465.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 465.0
  • General Property Information:Association Fee Frequency: Monthly
  • Association Amenities:Sauna2: Yes
  • Association Amenities:SpaHot Tub: Yes
  • Association Fee Includes:Cable TV: Yes
  • Association Fee Includes:Insurance: Yes
  • Association Fee Includes:Water: Yes
  • Association Amenities:Clubhouse: Yes
  • Association Amenities:Boat Dock: Yes
  • Association Amenities:Storage: Yes
  • Association Amenities:Elevator(s): Yes
  • Association Fee Includes:Sewer: Yes
  • Association Fee Includes:Trash: Yes
  • Association Amenities:Boat Slip: Yes

Schools

  • Middle Or Junior School: Jefferson

Lot Info

  • Lot Size Sq Ft: 871.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2458488
  • Parcel #: 24-37-31-75-00000.0-0003.06
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 2477.62

MLS Schools

  • Elementary School: Tropical
  • High School: Merritt Island

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2014
Closed on
May 21, 2015
Sold by
Shealy Dean H and Shealy Janis E
Bought by
Lusardi Edward Eugene and Lusardi Louise
Seller's Agent
Charlie Gersey
Better Homes & Gardens RE Star
Buyer's Agent
Tracy Dix
Ocean Realty Partners LLC
List Price
$279,000
Sold Price
$255,000
Premium/Discount to List
-$24,000
-8.6%
Current Estimated Value
$448,125

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,125
Avg. Annual Appreciation
5.73%

Purchase Details

Listed on
Apr 14, 2014
Closed on
Jun 27, 2014
Sold by
Rampino John W and Rampino Dawn R
Bought by
Shealy Dean H and Shealy Janis E
Seller's Agent
Regina Schwantz
Daignault Realty Inc
Buyer's Agent
Charlie Gersey
Better Homes & Gardens RE Star
List Price
$285,000
Sold Price
$259,000
Premium/Discount to List
-$26,000
-9.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.71%
Original Mortgage
$181,300
Interest Rate
2.89%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 15, 2010
Sold by
Griffith Cecil E
Bought by
Rampino John W and Rampino Dawn R
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Lusardi Edward Eugene $255,000 International Title & Escrow
Shealy Dean H $259,000 International Title & Escrow
Rampino John W $149,900 Supreme Title Closing Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shealy Dean H $181,300
Previous Owner Rampino Dawn R $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2015 05/21/15 Sold $255,000 -8.6% $146 / Sq Ft
04/24/2015 04/24/15 Pending -- -- --
10/06/2014 10/06/14 For Sale $279,000 +7.7% $160 / Sq Ft
06/27/2014 06/27/14 Sold $259,000 -9.1% $149 / Sq Ft
05/15/2014 05/15/14 Pending -- -- --
04/07/2014 04/07/14 For Sale $285,000 -- $164 / 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 $1,968 $161,430 -- --
2023 $1,968 $156,730 $0 $0
2022 $1,830 $152,170 $0 $0
2021 $1,890 $147,740 $0 $0
2020 $1,838 $145,710 $0 $0
2019 $1,794 $142,440 $0 $0
2018 $1,793 $139,790 $0 $0
2017 $1,801 $136,920 $0 $0
2016 $1,824 $134,110 $0 $0
2015 $3,176 $174,310 $0 $0
2014 -- $138,130 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Charlie Gersey

    Seller's Agent in 2015

    Charlie Gersey

    Better Homes & Gardens RE Star

    (321) 626-4373

    16 in this area

    64 Total Sales

    Charlie Gersey
    Section Image

  • T

    Buyer's Agent in 2015

    Tracy Dix

    Ocean Realty Partners LLC

  • R

    Seller's Agent in 2014

    Regina Schwantz

    Daignault Realty Inc

See All Agents

Map

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

MLS Number: 708340

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 24-37-31-75-00000.0-0003.06

Florida Brevard County Merritt Island 32952

540 S Banana River Dr Unit 105, Merritt Island, FL

This home is located at 540 S Banana River Dr Unit 105, Merritt Island, FL 32952 since 04 November 2014 and is currently estimated at $448,125, approximately $257 per square foot. This property was built in 2005. 540 S Banana River Dr Unit 105 is a home located in Brevard County with nearby schools including Tropical Elementary School, Thomas Jefferson Middle School, and Merritt Island 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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