NOT LISTED FOR SALE

5565 S Tropical Trail Merritt Island, FL 32952

Estimated Value: $1,283,088 - $1,485,000

5 Beds
3 Baths
3,594 Sq Ft
$379/Sq Ft Est. Value

Last Sold December 20, 2017

Last sale price $500,000 $139 Per Sq Ft

Est. 173% increase in value since last sale

Current estimated payment $8,203/month

497 Days on Market

Highlights

  • Boat Dock
  • RV Access or Parking
  • 1.06 Acre Lot
  • In Ground Pool
  • River View
  • Wooded Lot

About This Home

As of December 2017

MOTIVATED SELLER. 1.06 Acres of prime waterfront property on the Banana River! **Adjoining parcel on the Indian River also for sale, please see MLS 797689. This property is a fisherman's dream, with a 500 ft. dock on the Banana River. This beautiful home features updates throughout. Gorgeous wood tile flooring in the living room and all downstairs bedrooms. Vaulted ceilings throughout give a grand and open feel to the home. gourmet kitchen features extensive cabinet space, granite countertops, and two refrigerators. Master suite upstairs features a balcony overlooking the serene views of the Banana River. Sliding doors off the living and family room lead out to the large screened-in patio with private pool and spa.

Last Agent to Sell the Property

Jason Shinpaugh

Island Tradition Properties Listed on: 06/27/2016

Co-Listed By

Julianne McCarl

Island Tradition Properties

Last Buyer's Agent

Jason Shinpaugh

EXP Realty, LLC License #659997

EXP Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,814

Year Built

  • Built in 1994

Lot Details

  • 1.06 Acre Lot
  • River Front
  • East Facing Home
  • Chain Link Fence
  • Front and Back Yard Sprinklers
  • Wooded Lot
  • Few Trees

Parking

  • 2 Car Attached Garage
  • RV Access or Parking

Property Views

  • River
  • Pool

Home Design

  • Shingle Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 3,594 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Fireplace
  • Great Room
  • Family Room
  • Screened Porch

Kitchen

  • Breakfast Area or Nook
  • Gas Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Hurricane or Storm Shutters

Outdoor Features

  • In Ground Pool
  • Balcony
  • Patio

Schools

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

Utilities

  • Central Air
  • Heating Available
  • Well
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 26-37-06-00-00034.0-0000.00

Community Details

Overview

  • No Home Owners Association

Recreation

  • Boat Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,814

Year Built

Built in 1994

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1994
  • Reso Property Sub Type: Single Family Residence
  • ResoLotFeatures: Few Trees, Sprinklers In Front, Sprinklers In Rear, Wooded
  • Reso View: Pool, River, Water
  • Water Body Name: Banana River
  • ResoSecurityFeatures: Security System Owned
  • Reso Association Amenities: Boat Dock
  • Co List Office Mls Id: shin0
  • Co List Office Phone: 321-205-1010
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: None
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 26-37-06-00-00034.0-0000.00
  • 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: 5814.17
  • Location Tax and Legal Tax Year2: 2015
  • General Property Information Living Area2: 3594.0
  • General Property Information Building Area Total3: 4369.0
  • General Property Information Lot Size Acres: 1.06
  • General Property Information Lot Size Square Feet2: 46174.0
  • 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: East
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Fencing Fenced2: Yes
  • Flooring Tile: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Flooring Wood: Yes
  • Pool Features In Ground: Yes
  • Pool Features Private: Yes
  • Roof:Shingle: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • View Pool: Yes
  • Levels Two: Yes
  • Water Source Well: Yes
  • Fencing Chain Link: Yes
  • Interior Features Primary Bathroom -Tub with Separate Shower: Yes
  • General Property Information Carport YN2: No
  • View Water3: Yes
  • Room Types Great Room: Yes
  • Interior Features Breakfast Nook: Yes
  • Security Features Security System Owned: Yes
  • Room Types Family Room: Yes
  • Room Types Laundry: Yes
  • General Property Information Lot Size Dimensions: 140.0 ft x 125.0 ft
  • Interior Features Jack and Jill Bath: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Breakfast Nook, Ceiling Fan(s), Jack and Jill Bath, Kitchen Island, Primary Bathroom - Tub with Shower, Primary Bathroom -Tub with Separate Shower, Split Bedrooms, Vaulted Ceiling(s), Walk-In Closet(s)
  • Flooring: Tile, Wood
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Gas Range, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: Other
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Gas Range: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Kitchen Island: Yes
  • Interior Features:Split Bedrooms: Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Interior Features:Walk-In Closet(s): Yes

Exterior Features

  • Exterior Features: Balcony, Storm Shutters
  • Pool Features: In Ground, Private, Other
  • Roof: Shingle
  • Fencing: Chain Link, Fenced
  • Acres: 1.06
  • Waterfront Features: River Front
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: East
  • Patio And Porch Features: Patio, Porch, Screened
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Screened: Yes
  • Exterior Features:Storm Shutters: Yes
  • Lot Features:Wooded: Yes
  • Exterior Features:Balcony: Yes
  • Lot Features:Sprinklers in Front: Yes
  • Lot Features:Sprinklers In Rear: Yes
  • Lot Features:Few Trees: Yes
  • View:River: Yes
  • Waterfront Features:River Front: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, RV Access/Parking
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Attached: Yes
  • Parking Features:RV AccessParking: Yes

Utilities

  • Cooling: Central Air, Electric
  • Utilities: Cable Available, Electricity Connected
  • Heating: Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Well
  • Heating:Electric3: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No
  • Association Amenities:Boat Dock: Yes

Schools

  • Middle Or Junior School: Jefferson

Lot Info

  • Lot Dimensions: 140.0 ft x 125.0 ft
  • Lot Size Sq Ft: 46174.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 26-37-06-00-00034.0-0000.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 5814.17

MLS Schools

  • Elementary School: Tropical
  • High School: Merritt Island

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2016
Closed on
Dec 20, 2017
Sold by
Helman Steven C
Bought by
Barrera Michael Francis and Barrera Tami Lynn
Seller's Agent
Jason Shinpaugh
Island Tradition Properties
Buyer's Agent
Jason Shinpaugh
EXP Realty, LLC
List Price
$2,499,900
Sold Price
$500,000
Premium/Discount to List
-$1,999,900
-80%
Current Estimated Value
$1,363,772

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$863,772
Avg. Annual Appreciation
13.43%
Original Mortgage
$450,000
Outstanding Balance
$378,959
Interest Rate
3.95%
Estimated Equity
$984,814

Purchase Details

Closed on
May 9, 1997
Sold by
Welsh Kim and Welsh Gina M
Bought by
Helman Steven C and Helman Stephanie R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
8.2%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Barrera Michael Francis $500,000 Aurora Title & Esc
Helman Steven C $305,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barrera Michael Francis $450,000
Previous Owner Helman Steven C $210,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2017 12/20/17 Sold $500,000 -37.1% $139 / Sq Ft
11/07/2017 11/07/17 Pending -- -- --
02/17/2017 02/17/17 Price Changed $795,000 -64.7% $221 / Sq Ft
09/22/2016 09/22/16 Price Changed $2,249,900 -10.0% $626 / Sq Ft
06/27/2016 06/27/16 For Sale $2,499,900 -- $696 / 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 $12,271 $956,060 -- --
2024 $12,110 $963,570 -- --
2023 $12,110 $924,280 $465,000 $459,280
2022 $10,231 $900,080 $0 $0
2021 $9,360 $675,240 $318,000 $357,240
2020 $8,543 $589,870 $232,250 $357,620
2019 $8,784 $592,960 $232,250 $360,710
2018 $8,664 $568,440 $232,250 $336,190
2017 $5,515 $372,360 $0 $0
2016 $5,630 $364,710 $202,800 $161,910
2015 $5,814 $362,180 $202,800 $159,380
2014 $5,864 $359,310 $202,800 $156,510
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Jason Shinpaugh

    Island Tradition Properties

  • J

    Seller Co-Listing Agent in 2017

    Julianne McCarl

    Island Tradition Properties

  • s

    Buyer's Agent in 2017

    spc.rets.659997

    spc.rets.RETS_OFFICE

See All Agents

Map

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

MLS Number: 758156

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 26-37-06-00-00034.0-0000.00

Florida Brevard County Merritt Island 32952

5565 S Tropical Trail, Merritt Island, FL

Not Listed for Sale

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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