NOT LISTED FOR SALE

540 S Banana River Dr Unit 203 Merritt Island, FL 32952

Estimated Value: $393,113 - $535,000

3 Beds
3 Baths
1,743 Sq Ft
$450/mo HOA Fee

Last Sold May 04, 2012

Last sale price $150,000 $86 Per Sq Ft

Est. 199% increase in value since last sale

Current estimated payment $3,005/month

163 Days on Market

Highlights

  • Home fronts a seawall
  • In Ground Pool
  • Screened Porch
  • Tropical Elementary School Rated 9+
  • Clubhouse
  • Balcony

About This Home

As of May 2012

Approved lender price! Gorgeous River and water views from this 3rd floor, 3 bedroom, 3 bathroom, 2 covered parking spaces in under building garage, high ceilings, all appliances, and more...it is ready to move in to! a bathroom for each bedroom! There is a private storage room also in garage. Marina Village is a gated community has heated pool, sauna, steam room, exercise room, and boat slips available to purchase or rent.

Last Agent to Sell the Property

Barbara Keller

Coldwell Banker Residential RE License #3008236 Listed on: 10/29/2011

Coldwell Banker Residential RE

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,709

Year Built

  • Built in 2005

Lot Details

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

HOA Fees

  • $450 Monthly HOA Fees

Parking

  • Subterranean Parking

Home Design

  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,743 Sq Ft Home
  • 4-Story Property
  • Ceiling Fan
  • Screened Porch
  • Water Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Balcony

Schools

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

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Short Sale
  • Assessor Parcel Number 24373175000000000310

Community Details

Overview

  • Association fees include insurance, sewer, trash, water
  • Marina Village Condo Ph I Subdivision
  • Maintained Community
  • Car Wash Area

Amenities

  • Clubhouse

Recreation

  • Community Pool

Pet Policy

  • Pet Size Limit

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,709

Year Built

Built in 2005

Lot Details

0

HOA Fees

$450 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2005
  • Reso Property Sub Type: Condominium
  • Reso View: Water
  • Water Body Name: Banana River
  • Reso Association Amenities: Car Wash Area, Clubhouse, Maintenance Grounds, Management - Full Time, Management - Off Site
  • Reso Association Fee Includes: Insurance, Sewer, Trash, Water
  • ResoSpecialListingConditions: Short Sale
  • Subdivision Name: Marina Village Condo Ph I
  • Carport Y N: No
  • Entry Level: 3
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 24373175000000000310
  • 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: 2708.81
  • Location Tax and Legal Tax Year2: 2011
  • General Property Information Living Area2: 1743.0
  • 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: North
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Levels One: Yes
  • Pool Features In Ground: Yes
  • Association Amenities Maintenance Grounds2: Yes
  • Sewer:Public Sewer: Yes
  • Flooring Carpet: Yes
  • Interior Features Primary Bathroom -Tub with Separate Shower: Yes
  • Pets Allowed Size Limit: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • View Water3: Yes
  • Waterfront Features Waterfront Community: Yes
  • Room Types Laundry: Yes
  • General Property Information Stories Total: 4
  • Special Listing Conditions Short Sale: Yes
  • Special Features: 4108
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Interior Amenities: Ceiling Fan(s), Primary Bathroom - Tub with Shower, Primary Bathroom -Tub with Separate Shower, Split Bedrooms, Walk-In Closet(s)
  • Flooring: Carpet, Tile
  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Total Bedrooms: 5
  • Stories: 4
  • ResoLivingAreaSource: Other
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Pool Features:Community: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Split Bedrooms: Yes
  • Interior Features:Walk-In Closet(s): Yes

Exterior Features

  • Exterior Features: Balcony
  • Pool Features: Community, In Ground
  • Roof: Other
  • Waterfront Features: River Front, Seawall, Waterfront Community
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: North
  • Patio And Porch Features: Porch, Screened
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Screened: Yes
  • Exterior Features:Balcony: Yes
  • Waterfront Features:Seawall: Yes
  • Waterfront Features:River Front: Yes

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Utilities: Water Available
  • Heating: Central
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 450.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 450.0
  • General Property Information:Association Fee Frequency: Monthly
  • Association Fee Includes:Insurance: Yes
  • Association Fee Includes:Water: Yes
  • Association Amenities:Clubhouse: Yes
  • Association Fee Includes:Sewer: Yes
  • Association Fee Includes:Trash: Yes
  • Association Amenities:Car Wash Area: Yes

Schools

  • Middle Or Junior School: Jefferson

Lot Info

  • Additional Parcels Description: 2458492
  • Parcel #: 24373175000000000310

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2011
  • Tax Annual Amount: 2708.81

MLS Schools

  • Elementary School: Tropical
  • High School: Merritt Island

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 5, 2005
Sold by
Harbor Homes Llc
Bought by
Griffith Cecil E
Current Estimated Value
$447,778

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,000
Outstanding Balance
$44,415
Interest Rate
5.66%
Mortgage Type
Credit Line Revolving
Estimated Equity
$392,635
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
Griffith Cecil E $453,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barton Hugh H $83,000
Open Griffith Cecil E $362,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/04/2012 05/04/12 Sold $150,000 -16.6% $86 / Sq Ft
04/09/2012 04/09/12 Pending -- -- --
10/29/2011 10/29/11 For Sale $179,900 -- $103 / 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 $2,023 $166,100 -- --
2023 $2,023 $161,270 $0 $0
2022 $1,882 $156,580 $0 $0
2021 $1,945 $152,020 $0 $0
2020 $1,895 $149,930 $0 $0
2019 $1,851 $146,560 $0 $0
2018 $1,851 $143,830 $0 $0
2017 $1,860 $140,880 $0 $0
2016 $1,884 $137,990 $0 $0
2015 $1,937 $137,040 $0 $0
2014 $1,947 $135,960 $0 $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: 627183

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 24-37-31-75-00000.0-0003.10