NOT LISTED FOR SALE

550 S Banana River Dr Unit 202 Merritt Island, FL 32952

Estimated Value: $393,534 - $561,000

3 Beds
3 Baths
1,754 Sq Ft
$475/mo HOA Fee

Last Sold November 29, 2016

Last sale price $265,000 $151 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $3,151/month

285 Days on Market

Highlights

  • Boat Dock
  • In Ground Pool
  • Open Floorplan
  • Fitness Center
  • River View
  • Sauna

About This Home

As of November 2016

Original owner selected this direct river condo for the best views in the complex. Breathtaking, panoramic waterfront views overlooking Banana River and marina. Interior painted July 2016. All bedrooms are large and have walk-in closets. Master has window and sliders to balcony providing fantastic water views. Kitchen boasts granite, stainless appliances, pantry and breakfast bar. Unit also features storage room, tray ceilings, and crown molding. Parking space in garage along with 2 secure storage rooms. Complex is extremely well maintained and provides fabulous amenities incl heated pool/spa, exercise room, and sauna. Deep-water slips are usually available for either sale or lease. Convenient to Cocoa Beach, Port Canaveral, Kennedy Space Center, and shopping/dining. Don't miss it!

Last Agent to Sell the Property

Denise Contella

RE/MAX Aerospace Realty License #486082 Listed on: 01/20/2016

RE/MAX Aerospace Realty

Last Buyer's Agent

Karen Hartung

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,156

Year Built

  • Built in 2007

Lot Details

  • River Front
  • West Facing Home

HOA Fees

  • $475 Monthly HOA Fees

Parking

  • Subterranean Parking
  • Garage Door Opener

Property Views

  • River
  • Pool

Home Design

  • Metal Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,754 Sq Ft Home
  • 4-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Security Gate

Kitchen

  • Breakfast Bar
  • 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

  • Dryer
  • Washer

Pool

  • In Ground Pool
  • In Ground Spa

Outdoor Features

  • Balcony
  • Patio

Schools

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

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 24-37-31-75-00000.0-0002.25

Community Details

Overview

  • Association fees include insurance, trash
  • B P Davis, Maureen Sauer, Association, Phone Number (321) 784-2091
  • Marina Village Condo Ph VI Subdivision
  • Maintained Community
  • Car Wash Area

Amenities

  • Sauna
  • Elevator
  • Secure Lobby
  • Community Storage Space

Recreation

  • Boat Dock
  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pet Size Limit
  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,156

Year Built

Built in 2007

Lot Details

0

HOA Fees

$475 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2007
  • Reso Property Sub Type: Condominium
  • ResoLaundryFeatures: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
  • Reso View: Pool, River, Water
  • Water Body Name: Banana River
  • ResoSecurityFeatures: Security Gate, Secured Lobby
  • Reso Association Amenities: Boat Dock, Car Wash Area, Elevator(s), Fitness Center, Maintenance Grounds, Maintenance Structure, Management - Full Time, Management - Off Site, Sauna, Spa/Hot Tub, Storage
  • Reso Association Fee Includes: Insurance, Trash
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Marina Village Condo Ph VI
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 24-37-31-75-00000.0-0002.25
  • 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: 3155.78
  • Location Tax and Legal Tax Year2: 2015
  • General Property Information Living Area2: 1754.0
  • General Property Information Building Area Total3: 1754.0
  • General Property Information Lot Size Acres: 0.04
  • General Property Information Lot Size Square Feet2: 1742.0
  • 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 Central Air: Yes
  • Cooling:Electric: Yes
  • Flooring Tile: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • General Property Information Community Fee(s) YN: 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
  • Security Features Security Gate: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • View Pool: Yes
  • Flooring Carpet: Yes
  • Interior Features Primary Bathroom -Tub with Separate Shower: Yes
  • Pets Allowed Size Limit: Yes
  • Spa Features In Ground2: Yes
  • General Property Information Carport YN2: No
  • Pets Allowed Cats OK: Yes
  • Utilities Water Available: Yes
  • View Water3: Yes
  • Waterfront Features Waterfront Community: Yes
  • General Property Information Stories Total: 4
  • General Property Information Association Phone: 321-784-2091
  • Levels Three Or More: Yes
  • Security Features Secured Lobby: Yes
  • Pets Allowed Dogs OK: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

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

Exterior Features

  • Exterior Features: Balcony
  • Pool Features: Community, In Ground
  • Roof: Metal, Other
  • Acres: 0.04
  • Waterfront Features: River Front, Waterfront Community
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: West
  • Patio And Porch Features: Patio
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Patio And Porch Features:Patio: Yes
  • Exterior Features:Balcony: Yes
  • ConstructionSiding:Roof Metal: Yes
  • View:River: Yes
  • Waterfront Features:River Front: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: Attached, Garage, Garage Door Opener, Underground
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 1.0
  • Parking Features:Attached: Yes
  • Parking Features:Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Underground2: Yes

Utilities

  • Cooling: Central Air, Electric
  • Utilities: Cable Available, 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: No
  • Association Fee: 475.0
  • Association Fee Frequency: Monthly
  • Association Name: B P Davis, Maureen Sauer,
  • Phone: 321-784-2091
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Name: B P Davis, Maureen Sauer,
  • General Property Information:Association Fee: 475.0
  • General Property Information:Association Fee Frequency: Monthly
  • Association Amenities:Sauna2: Yes
  • Association Amenities:SpaHot Tub: Yes
  • Association Fee Includes:Insurance: Yes
  • Association Amenities:Fitness Center: Yes
  • Association Amenities:Boat Dock: Yes
  • Association Amenities:Storage: Yes
  • Association Amenities:Elevator(s): Yes
  • Association Fee Includes:Trash: Yes
  • Association Amenities:Car Wash Area: Yes

Schools

  • Middle Or Junior School: Jefferson

Lot Info

  • Lot Size Sq Ft: 1742.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 24-37-31-75-00000.0-0002.25
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 3155.78

MLS Schools

  • Elementary School: Tropical
  • High School: Merritt Island

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 10, 2020
Sold by
Crews Laurie
Bought by
Saretsky Steven J and Smith-Saretsky Christine
Current Estimated Value
$468,384

Purchase Details

Listed on
Jan 20, 2016
Closed on
Nov 23, 2016
Sold by
Middlebrook Bradley
Bought by
Saretsky Steven J and Saretsky Christine S
Seller's Agent
Denise Contella
RE/MAX Aerospace Realty
Buyer's Agent
Karen Hartung
Coldwell Banker Realty
List Price
$299,500
Sold Price
$265,000
Premium/Discount to List
-$34,500
-11.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.59%

Purchase Details

Closed on
Jul 11, 2008
Sold by
Harbor Homes Llc
Bought by
Middlebrook Bradley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 2, 2005
Sold by
Saretsky Steven J and Saretsky Christine
Bought by
Steven J Saretsky And Christine Smith-Saretsk
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
Saretsky Steven J $100 Crews Laurie
Saretsky Steven J $265,000 State Title Partners Llp
Middlebrook Bradley $300,000 Attorney
Steven J Saretsky And Christine Smith-Saretsk $100 --
Steven J Saretsky And Christine Smith-Saretsk $100 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Middlebrook Bradley $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/29/2016 11/29/16 Sold $265,000 -1.8% $151 / Sq Ft
11/01/2016 11/01/16 Pending -- -- --
10/15/2016 10/15/16 Price Changed $269,900 -3.6% $154 / Sq Ft
09/13/2016 09/13/16 Price Changed $279,900 -3.4% $160 / Sq Ft
08/12/2016 08/12/16 Price Changed $289,900 -3.2% $165 / Sq Ft
01/20/2016 01/20/16 For Sale $299,500 -- $171 / 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 $2,547 $213,070 -- --
2024 $2,516 $207,070 -- --
2023 $2,516 $201,040 $0 $0
2022 $2,344 $195,190 $0 $0
2021 $2,440 $189,510 $0 $0
2020 $2,395 $186,900 $0 $0
2019 $2,357 $182,700 $0 $0
2018 $2,361 $179,300 $0 $0
2017 $2,382 $175,620 $0 $0
2016 $3,176 $185,930 $0 $0
2015 $3,156 $162,080 $0 $0
2014 $2,886 $147,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Denise Contella

    Seller's Agent in 2016

    Denise Contella

    RE/MAX

    (800) 330-4241

    77 Total Sales

    Denise Contella
    Section Image

  • K

    Buyer's Agent in 2016

    Karen Hartung

    Coldwell Banker Realty

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Map

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

MLS Number: 744582

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 24-37-31-75-00000.0-0002.25

Florida Brevard County Merritt Island 32952

550 S Banana River Dr Unit 202, 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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