NOT LISTED FOR SALE

550 S Banana River Dr Unit 303 Merritt Island, FL 32952

Estimated Value: $466,217 - $570,000

3 Beds
3 Baths
2,310 Sq Ft
$440/mo HOA Fee

Last Sold September 22, 2014

Last sale price $332,500 $144 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $3,171/month

13 Days on Market

Highlights

  • Community Boat Slip
  • Boat Lift
  • River Front
  • Marina View
  • In Ground Pool
  • Open Floorplan

About This Home

As of September 2014

Unbelievable riverfront condo with stunning views and resort style amenities. Top floor end unit offers over 2300sq/ft 3 bedrooms and 3 baths with a huge balcony overlooking your deeded boat slip that will accommodate a large boat up to 36' and the marina is 5-6ft deep. Condo offers a very open floor plan with 10ft ceiling throughout, big open kitchen with beautiful cabinets and lots of granite over looking the oversized family room. This unit has 2 car garage parking spots and 3 storage units. Marina Village offers a riverfront pool, gym, outdoor showers and a kayak/paddle board launch area.

Last Agent to Sell the Property

Kalli Kamholz

Hart To Hart Real Estate, Inc. License #3157116 Listed on: 07/31/2014

Last Buyer's Agent

Charlie Gersey

Better Homes & Gardens RE Star License #3088494

Better Homes & Gardens RE Star

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,644

Year Built

  • Built in 2007

Lot Details

  • River Front
  • Street terminates at a dead end
  • West Facing Home

HOA Fees

  • $440 Monthly HOA Fees

Property Views

  • Marina
  • River
  • Pool

Home Design

  • Concrete Siding
  • Block Exterior
  • Asphalt
  • Stucco

Interior Spaces

  • 2,310 Sq Ft Home
  • 3-Story Property
  • Open Floorplan

Kitchen

  • Breakfast Bar
  • Electric Range
  • Microwave
  • Dishwasher

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

Parking

  • Subterranean Parking
  • Additional Parking

Outdoor Features

  • In Ground Pool
  • Boat Lift
  • Balcony

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 24-37-31-75-00000.0-0002.29

Community Details

Overview

  • Association fees include insurance
  • Marina Village Condo Ph VI Subdivision
  • Maintained Community

Amenities

  • Clubhouse

Recreation

  • Community Boat Slip
  • Community Pool

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,644

Year Built

Built in 2007

Lot Details

0

HOA Fees

$440 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2007
  • Reso Property Sub Type: Condominium
  • ResoLotFeatures: Dead End Street
  • Road Surface Type: Asphalt
  • Reso View: Marina, Pool, River, Water
  • Water Body Name: Banana River
  • Reso Association Amenities: Boat Slip, Clubhouse, Maintenance Grounds, Maintenance Structure, Management - Full Time
  • Reso Association Fee Includes: Insurance
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Marina Village Condo Ph VI
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 24-37-31-75-00000.0-0002.29
  • 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: 3644.34
  • Location Tax and Legal Tax Year2: 2013
  • General Property Information Living Area2: 2310.0
  • 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
  • Appliances Dryer: Yes
  • Washers: Yes
  • Levels One: Yes
  • Pool Features In Ground: Yes
  • Association Amenities Maintenance Grounds2: Yes
  • Lot Features Dead End Street: Yes
  • Road Surface Type Asphalt: 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
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • Pets Allowed Call: Yes
  • View Water3: Yes
  • Waterfront Features Waterfront Community: Yes
  • General Property Information Stories Total: 3
  • Exterior Features Boat Lift: Yes
  • View Marina2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 3

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, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Stories: 3
  • 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:Split Bedrooms: Yes
  • Interior Features:Walk-In Closet(s): Yes

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Parking Features: Additional Parking, Underground
  • General Property Information:Garage YN: No
  • Parking Features:Additional Parking: 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: 440.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 440.0
  • General Property Information:Association Fee Frequency: Monthly
  • Association Fee Includes:Insurance: Yes
  • Association Amenities:Clubhouse: Yes
  • Association Amenities:Boat Slip: Yes

Schools

  • Middle Or Junior School: Jefferson

Lot Info

  • Lot Size Sq Ft: 1742.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 24-37-31-75-00000.0-0002.29
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 3644.34

MLS Schools

  • Elementary School: Tropical
  • High School: Merritt Island

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2014
Closed on
Sep 22, 2014
Sold by
Leonard Jeffrey M and Leonard Julie G
Bought by
Shealy Dean H and Shealy Janis E
Seller's Agent
Kalli Kamholz
Hart To Hart Real Estate, Inc.
Buyer's Agent
Charlie Gersey
Better Homes & Gardens RE Star
List Price
$359,900
Sold Price
$332,500
Premium/Discount to List
-$27,400
-7.61%
Current Estimated Value
$508,804

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,304
Avg. Annual Appreciation
3.91%
Original Mortgage
$232,500
Outstanding Balance
$178,191
Interest Rate
4.17%
Mortgage Type
New Conventional
Estimated Equity
$330,613

Purchase Details

Closed on
Nov 20, 2007
Sold by
Harbor Homes Llc
Bought by
West Douglas H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,200
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage
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
Shealy Dean H $332,500 North American Title Company
West Douglas H $449,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shealy Dean H $232,500
Previous Owner West Douglas H $359,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/22/2014 09/22/14 Sold $332,500 -7.6% $144 / Sq Ft
08/13/2014 08/13/14 Pending -- -- --
07/31/2014 07/31/14 For Sale $359,900 -- $156 / 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 $664 $236,530 -- --
2024 $645 $229,870 -- --
2023 $645 $223,180 $0 $0
2022 $625 $216,680 $0 $0
2021 $605 $210,370 $0 $0
2020 $515 $207,470 $0 $0
2019 $469 $202,810 $0 $0
2018 $461 $199,030 $0 $0
2017 $442 $194,940 $0 $0
2016 $438 $190,940 $0 $0
2015 $432 $189,620 $0 $0
2014 $4,008 $207,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kalli Kamholz

    Seller's Agent in 2014

    Kalli Kamholz

    Hart To Hart Real Estate, Inc.

    (321) 223-5897

    2 in this area

    25 Total Sales

    Kalli Kamholz
    Section Image
  • Charlie Gersey

    Buyer's Agent in 2014

    Charlie Gersey

    Better Homes & Gardens RE Star

    (321) 626-4373

    15 in this area

    63 Total Sales

    Charlie Gersey
    Section Image
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Map

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

MLS Number: 702866

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 24-37-31-75-00000.0-0002.29

Florida Brevard County Merritt Island 32952

550 S Banana River Dr Unit 303, 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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