NOT LISTED FOR SALE

701 Espanola Way Melbourne, FL 32901

Estimated Value: $278,000 - $313,000

3 Beds
2 Baths
1,050 Sq Ft
$284/Sq Ft Est. Value

Last Sold March 26, 2025

Last sale price $310,000 $295 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $1,657/month

10 Days on Market

Highlights

  • Creek or Stream View
  • Furnished
  • Front Porch
  • Midcentury Modern Architecture
  • No HOA
  • 2-minute walk to Magnolia Manor Park

About This Home

As of March 2025

Welcome home to this delightfully cozy cottage nestled in the heart of Melbourne and longtime hidden gem of a community, Magnolia Park! This one has it all! A chef's dream of a kitchen with top-of-the-line appliances and beautiful cabinetry. Updated electrical panel, vinyl impact windows (2022) new plumbing, metal roof (2024) and tankless water heater. New AC duct system and fresh insulation in the attic and an attic fan. Remodeled and updated bathrooms and luxury vinyl plank flooring throughout. Upgraded floorboards, interior doors, door cases and windowsills. New exterior kitchen and laundry room doors. New vinyl fencing in the front yard and new gates in the expansive back yard with a recently installed shed for all your lawn care and gardening needs including a sprinkler system with a well and outdoor security lights around the house. Tastefully decorated with furniture, high-end electronics and security system that stay with the property! Don't miss this one, it's a beauty!

Last Agent to Sell the Property

Christie Tipton-Poirier

LaRocque & Co., Realtors License #3312760 Listed on: 01/30/2025

Last Buyer's Agent

Mike Davis

Davis Realty Group, LLC License #703230

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $775

Year Built

  • Built in 1958 | Remodeled

Lot Details

  • 13,068 Sq Ft Lot
  • Northeast Facing Home
  • Back Yard Fenced
  • Few Trees

Parking

  • 1 Car Attached Garage
  • Carport
  • Garage Door Opener

Home Design

  • Midcentury Modern Architecture
  • Membrane Roofing
  • Metal Roof
  • Block Exterior
  • Asphalt

Interior Spaces

  • 1,050 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Vinyl Flooring
  • Creek or Stream Views
  • Attic Fan

Kitchen

  • Gas Cooktop
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Home Security

  • Security System Owned
  • High Impact Windows

Outdoor Features

  • Front Porch

Schools

  • University Park Elementary School
  • Stone Middle School
  • Melbourne High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Tankless Water Heater
  • Gas Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Magnolia Park Replat Subdivision

Listing and Financial Details

  • Assessor Parcel Number 28-37-04-27-00000.0-0028.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$775

Year Built

Built in 1958 | Remodeled

Lot Details

0.3 Acres

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1958
  • Reso Property Sub Type: Single Family Residence
  • ResoLaundryFeatures: Gas Dryer Hookup, In Garage
  • ResoLotFeatures: Few Trees, Other
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Reso View: Creek/Stream
  • ResoSecurityFeatures: Security System Owned
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Magnolia Park Replat
  • Architectural Style: Mid-Century Modern
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Reso Property Condition: Updated/Remodeled
  • Location Tax and Legal Parcel Number2: 28-37-04-27-00000.0-0028.00
  • Location Tax and Legal Elementary School: University Park
  • Location Tax and Legal Middle School2: Stone
  • Location Tax and Legal High School: Melbourne
  • Location Tax and Legal Tax Annual Amount: 775.23
  • Location Tax and Legal Tax Year2: 2024
  • General Property Information Living Area2: 1050.0
  • General Property Information Lot Size Acres: 0.3
  • General Property Information Lot Size Square Feet2: 13068.0
  • General Property Information New Construction YN: No
  • General Property Information Waterfront YN: No
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: Northeast
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Fencing Fenced2: Yes
  • Fencing Wood2: Yes
  • General Property Information Community Fee(s) YN: No
  • Appliances Dryer: Yes
  • Washers: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Levels One: Yes
  • Pets Allowed Yes: Yes
  • Road Surface Type Asphalt: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Security Features Security System Owned: Yes
  • Utilities Natural Gas Connected: Yes
  • Flooring Vinyl: Yes
  • Fencing Vinyl2: Yes
  • Cooling Attic Fan: Yes
  • Utilities Sewer Connected: Yes
  • Location Tax and Legal Zoning Description2: Residential
  • General Property Information CDD Fee YN: No
  • Architectural Style Mid Century Modern: Yes
  • Utilities Water Connected: Yes
  • Property Condition UpdatedRemodeled: Yes
  • General Property Information Stories2: 1
  • Fencing Back Yard: Yes
  • Marketing Remarks:Marketing Remarks: Welcome home to this delightfully cozy cottage nestled in the heart of Melbourne and longtime hidden gem of a community, Magnolia Park! This one has it all! A chef's dream of a kitchen with top-of-the-line appliances and beautiful cabinetry. Updated electrical panel, vinyl impact windows (2022) new plumbing, metal roof (2024) and tankless water heater. New AC duct system and fresh insulation in the attic and an attic fan. Remodeled and updated bathrooms and luxury vinyl plank flooring throughout. Upgraded floorboards, interior doors, door cases and windowsills. New exterior kitchen and laundry room doors. New vinyl fencing in the front yard and two new gates in the expansive back yard which has a recently installed shed for all your lawn care and gardening needs including a sprinkler system on a well. Tastefully decorated with furniture, decor, high-end electronics and security system that stay with the property! Don't miss this one, it's a beauty!!
  • General Property Information:Pool Private YN: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Flooring: Vinyl
  • Appliances: Dryer, Gas Cooktop, Gas Range, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Stories: 1
  • ResoLivingAreaSource: Appraiser
  • Appliances:Gas Range: Yes
  • Appliances:Tankless Water Heater: Yes
  • Appliances:Gas Water Heater: Yes
  • Appliances:Gas Cooktop: Yes

Exterior Features

  • Exterior Features: Impact Windows
  • Roof: Membrane, Metal
  • Fencing: Back Yard, Fenced, Vinyl, Wood
  • Acres: 0.3
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Block
  • Direction Faces: Northeast
  • Patio And Porch Features: Front Porch
  • Construction Materials:Block2: Yes
  • ConstructionSiding:Roof Membrane: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Lot Features:Other21: Yes
  • Lot Features:Few Trees: Yes
  • Exterior Features:Impact Windows: Yes
  • Patio And Porch Features:Front Porch: Yes
  • View:CreekStream: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: Attached, Carport, Garage, Garage Door Opener
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 1.0
  • Laundry Features:In Garage: Yes
  • Parking Features:Attached: Yes
  • Parking Features:Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Carport: Yes

Utilities

  • Cooling: Attic Fan, Central Air
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Central, Natural Gas
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Stone

Lot Info

  • Current Use: Residential, Single Family
  • Lot Size Sq Ft: 13068.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 28-37-04-27-00000.0-0028.00
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Furnished

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 775.23

MLS Schools

  • Elementary School: University Park
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2025
Closed on
Mar 26, 2025
Sold by
Kible Tyrone Franklin and Kible Cindy Hostetter
Bought by
Rochester Emilee
Seller's Agent
Christie Tipton-Poirier
LaRocque & Co., Realtors
Buyer's Agent
Mike Davis
Davis Realty Group, LLC
List Price
$325,000
Sold Price
$310,000
Premium/Discount to List
-$15,000
-4.62%
Views
41
Current Estimated Value
$297,901

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,099
Avg. Annual Appreciation
-3.90%
Original Mortgage
$225,000
Outstanding Balance
$224,039
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$73,862

Purchase Details

Listed on
Jan 23, 2017
Closed on
Feb 10, 2017
Sold by
William James Richard
Bought by
Franklin Tronr and Kible Cindy Hostetter
Seller's Agent
Nancy Taylor Team
BHHS Florida Realty
Buyer's Agent
Christie Tipton-Poirier
LaRocque & Co., Realtors
List Price
$129,900
Sold Price
$126,200
Premium/Discount to List
-$3,700
-2.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.69%

Purchase Details

Closed on
Dec 1, 2016
Bought by
Kible Tyrone

Purchase Details

Closed on
Nov 23, 2016
Sold by
Wiliams Catherine Ann and Wiliams James R
Bought by
Williams Catherine Ann and Williams James Richard
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
Rochester Emilee $310,000 Dockside Title
Franklin Tronr $126,200 Florida Title & Guarantee Ag
Kible Tyrone $100 --
Williams Catherine Ann -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rochester Emilee $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/26/2025 03/26/25 Sold $310,000 -4.6% $295 / Sq Ft
01/30/2025 01/30/25 For Sale $325,000 +157.5% $310 / Sq Ft
12/23/2023 12/23/23 Off Market $126,200 -- --
02/10/2017 02/10/17 Sold $126,200 -2.8% $120 / Sq Ft View Prior Sale
01/25/2017 01/25/17 Pending -- -- --
01/23/2017 01/23/17 For Sale $129,900 -- $124 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

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 $775 $81,510 -- --
2024 $740 $79,220 -- --
2023 $740 $76,920 -- --
2022 $669 $74,680 $0 $0
2021 $683 $72,510 $0 $0
2020 $682 $71,510 $0 $0
2019 $693 $69,910 $0 $0
2018 $699 $68,610 $0 $0
2017 $1,579 $74,810 $38,500 $36,310
2016 $451 $41,750 $33,000 $8,750
2015 $454 $41,460 $27,500 $13,960
2014 $429 $40,380 $22,000 $18,380
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 1035135

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-37-04-27-00000.0-0028.00

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