NOT LISTED FOR SALE

550 S Banana River Dr Unit 102 Merritt Island, FL 32952

Estimated Value: $379,893 - $561,000

3 Beds
3 Baths
1,754 Sq Ft
$465/mo HOA Fee

Last Sold June 18, 2012

Last sale price $168,000 $96 Per Sq Ft

Est. 182% increase in value since last sale

Current estimated payment $3,120/month

20 Days on Market

Highlights

  • Home fronts a seawall
  • In Ground Pool
  • Clubhouse
  • Fitness Center
  • Open Floorplan
  • Sauna

About This Home

As of June 2012

BANK FORECLOSURE!! DIRECT RIVER FRONT VIEWS IN MARINA VILLAGE, A GATED CONDOMINIUM COMPLEX WITH DIRECTACCESS TO THE BANANA RIVER. 10� CEILINGS, GRANITE COUNTERTOPS IN KITCHEN, STAINLESS STEEL APPLIANCES, COMMUNITY POOL, SAUNA, STEAM ROOM, EXERCISE ROOM AND MORE.COVERED PARKING AND PRIVATE STORAGE SPACE IN THE GROUND FLOOR GARAGE. DOES NOT INCLUDE BOAT SLIP BUT SOME MAY BE AVAILABLE FORPRIVATE PURCHASE.

Last Agent to Sell the Property

Dick Marshall

One Sotheby's Inter Realty License #561576 Listed on: 05/18/2012

One Sotheby's Inter Realty

Last Buyer's Agent

Dick Marshall

One Sotheby's Inter Realty License #561576 Listed on: 05/18/2012

One Sotheby's Inter Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,564

Year Built

  • Built in 2007

Lot Details

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

HOA Fees

  • $465 Monthly HOA Fees

Property Views

  • Water
  • Pool

Home Design

  • Stucco

Interior Spaces

  • 1,754 Sq Ft Home
  • 4-Story Property
  • Open Floorplan
  • Screened Porch

Kitchen

  • Breakfast Bar
  • Electric Range
  • Microwave
  • Ice Maker
  • 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

Parking

  • Garage
  • Garage Door Opener

Outdoor Features

  • In Ground Pool
  • Balcony

Schools

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

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 24373175000000000222

Community Details

Overview

  • Association fees include insurance, sewer, trash, water
  • Marina Village Condo Ph VI Subdivision
  • Maintained Community

Amenities

  • Sauna
  • Clubhouse
  • Secure Lobby

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Security

  • Secure Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,564

Year Built

Built in 2007

Lot Details

0

HOA Fees

$465 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2007
  • Reso Property Sub Type: Condominium
  • ResoLaundryFeatures: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
  • ResoLotFeatures: Other
  • Reso View: Pool, Water
  • Water Body Name: Banana River
  • ResoSecurityFeatures: Secured Elevator, Secured Lobby
  • Reso Association Amenities: Clubhouse, Fitness Center, Maintenance Grounds, Management - Full Time, Management - Off Site, Sauna, Spa/Hot Tub
  • Reso Association Fee Includes: Insurance, Sewer, Trash, Water
  • ResoSpecialListingConditions: Real Estate Owned
  • Subdivision Name: Marina Village Condo Ph VI
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Multi/Split
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 24373175000000000222
  • 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: 2563.54
  • Location Tax and Legal Tax Year2: 2011
  • General Property Information Living Area2: 1754.0
  • General Property Information Building Area Total3: 1754.0
  • 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 Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling:Electric: Yes
  • Flooring Tile: 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
  • Pool Features In Ground: Yes
  • Association Amenities Maintenance Grounds2: Yes
  • Sewer:Public Sewer: Yes
  • View Pool: Yes
  • Flooring Carpet: Yes
  • Interior Features Primary Bathroom -Tub with Separate Shower: 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
  • Security Features Secured Elevator: Yes
  • Security Features Secured Lobby: Yes
  • Levels MultiSplit: Yes
  • Special Listing Conditions Real Estate Owned: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Interior Amenities: Breakfast Bar, Open Floorplan, 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, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Stories: 4
  • ResoLivingAreaSource: Other
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Open Floorplan: Yes
  • Pool Features:Community: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Breakfast Bar: 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: Stucco
  • Direction Faces: West
  • Patio And Porch Features: Porch, Screened
  • Construction Materials:Stucco: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Screened: Yes
  • Exterior Features:Balcony: Yes
  • Lot Features:Other21: Yes
  • Waterfront Features:Seawall: Yes
  • Waterfront Features:River Front: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Assigned, Garage Door Opener, Underground
  • General Property Information:Garage YN: No
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Assigned: Yes
  • Parking Features:Underground2: Yes

Utilities

  • Cooling: Electric
  • Utilities: Water Available
  • Heating: Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Senior Community: No
  • 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:Insurance: Yes
  • Association Fee Includes:Water: Yes
  • Association Amenities:Clubhouse: Yes
  • Association Amenities:Fitness Center: Yes
  • Association Fee Includes:Sewer: Yes
  • Association Fee Includes:Trash: Yes

Schools

  • Middle Or Junior School: Jefferson

Lot Info

  • Parcel #: 24373175000000000222

Tax Info

  • Tax Year: 2011
  • Tax Annual Amount: 2563.54

MLS Schools

  • Elementary School: Tropical
  • High School: Merritt Island

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 2, 2013
Sold by
Marina Village Condominium Association O
Bought by
Levy Emanuel
Current Estimated Value
$474,223

Purchase Details

Listed on
May 18, 2012
Closed on
Jun 15, 2012
Sold by
Tbom Merritt Island Llc
Bought by
Levy Emmanuel
Seller's Agent
Dick Marshall
One Sotheby's Inter Realty
Buyer's Agent
Dick Marshall
One Sotheby's Inter Realty
List Price
$168,000
Sold Price
$168,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.05%
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
Levy Emanuel -- None Available
Levy Emmanuel $168,000 Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/18/2012 06/18/12 Sold $168,000 0.0% $96 / Sq Ft
05/31/2012 05/31/12 Pending -- -- --
05/11/2012 05/11/12 For Sale $168,000 -- $96 / 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 $1,919 $158,580 -- --
2024 $1,888 $154,120 -- --
2023 $1,888 $149,640 $0 $0
2022 $1,756 $145,290 $0 $0
2021 $1,809 $141,060 $0 $0
2020 $1,757 $139,120 $0 $0
2019 $1,712 $136,000 $0 $0
2018 $1,710 $133,470 $0 $0
2017 $1,716 $130,730 $0 $0
2016 $1,736 $128,050 $0 $0
2015 $1,781 $127,160 $0 $0
2014 $1,790 $126,160 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2012

    Dick Marshall

    One Sotheby's Inter Realty

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Map

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

MLS Number: 641067

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 24-37-31-75-00000.0-0002.22

Florida Brevard County Merritt Island 32952

550 S Banana River Dr Unit 102, 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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