NOT LISTED FOR SALE

701 Palmer Way Melbourne, FL 32940

Suntree Neighborhood

Estimated Value: $750,000 - $934,000

4 Beds
3.5 Baths
3,360 Sq Ft
$257/Sq Ft Est. Value

Last Sold August 22, 2019

Last sale price $625,000 $186 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $4,992/month

123 Days on Market

Highlights

  • Lake Front
  • On Golf Course
  • Home fronts a pond
  • Suntree Elementary School Rated A-
  • In Ground Pool
  • Open Floorplan

About This Home

As of August 2019

Welcome to 701 Palmer Way in located in The Legends of Suntree. Elegance from the moment you arrive in this 4/3/3 pool home with the most amazing pool, lake & Golf Course views that you see from the moment you walk through your front door. Kitchen recently renovated with Upgraded Granite, custom cabinets, pull out spice rack and matching pantry door, 6 burner Thermador gas cook top, double ovens (regular and convection with a warming drawer), under cabinet lighting and lots of storage including Fischer Paykel in Cabinet Refrigerator. Central vacuum and gas fireplace! Each of the 4 bedrooms is over sized and roomy. Master bath features a whirpool tub & granite. New upgrades inside & out - see Documents for full list. A+ schools. Be ready to be impressed with this Suntree Country Club home.

Last Agent to Sell the Property

Jack Jeffcoat

Ellingson Properties License #3072354 Listed on: 02/25/2019

Co-Listed By

Greg Ellingson

Ellingson Properties License #3066292

Last Buyer's Agent

Carolyn Smith

RE/MAX Elite

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,652

Year Built

  • Built in 1994

Lot Details

  • 0.3 Acre Lot
  • Home fronts a pond
  • Lake Front
  • On Golf Course
  • Northwest Facing Home
  • Front and Back Yard Sprinklers

HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Property Views

  • Lake
  • Pond
  • Golf Course
  • Pool

Home Design

  • Frame Construction
  • Tile Roof
  • Wood Siding
  • Asphalt
  • Stucco

Interior Spaces

  • 3,360 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Wet Bar
  • Central Vacuum
  • Built-In Features
  • Vaulted Ceiling
  • Ceiling Fan
  • Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Sink Near Laundry

Kitchen

  • Breakfast Area or Nook
  • Double Convection Oven
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Dual Closets
  • Walk-In Closet
  • Jack-and-Jill Bathroom
  • Separate Shower in Primary Bathroom
  • Spa Bath

Home Security

  • Security System Owned
  • Hurricane or Storm Shutters

Pool

  • In Ground Pool
  • In Ground Spa
  • Waterfall Pool Feature
  • Screen Enclosure

Outdoor Features

  • Outdoor Kitchen
  • Shed
  • Porch

Schools

  • Suntree Elementary School
  • Delaura Middle School
  • Viera High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Well
  • Gas Water Heater
  • Water Softener is Owned
  • Cable TV Available

Community Details

  • Legends Unit 2 The Subdivision

Listing and Financial Details

  • Assessor Parcel Number 26-36-23-Pp-00000.0-0067.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,652

Year Built

Built in 1994

Lot Details

0

HOA Fees

$32 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Year Built: 1994
  • Reso Property Sub Type: Single Family Residence
  • ResoLaundryFeatures: Sink
  • ResoLotFeatures: On Golf Course, Sprinklers In Front, Sprinklers In Rear
  • Road Surface Type: Asphalt
  • Reso View: Golf Course, Lake, Pond, Pool, Water
  • ResoSecurityFeatures: Security System Leased, Security System Owned
  • Reso Association Amenities: Management - Full Time, Management - Off Site
  • Co List Office Mls Id: elpr0
  • Co List Office Phone: 321-750-7050
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Legends Unit 2 The
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Reso Other Structures: Shed(s)
  • Location Tax and Legal Parcel Number2: 26-36-23-Pp-00000.0-0067.00
  • Location Tax and Legal Elementary School: Suntree
  • Location Tax and Legal Middle School2: DeLaura
  • Location Tax and Legal High School: Viera
  • Location Tax and Legal Tax Annual Amount: 4651.75
  • Location Tax and Legal Tax Year2: 2018
  • General Property Information Living Area2: 3360.0
  • General Property Information Building Area Total3: 4032.0
  • 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: Yes
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: Northwest
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Flooring Tile: Yes
  • Levels One: Yes
  • Pool Features In Ground: Yes
  • Pool Features Private: Yes
  • Road Surface Type Asphalt: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • ViewPond: Yes
  • View Pool: Yes
  • Flooring Carpet: Yes
  • Laundry Features Sink: Yes
  • Water Source Well: Yes
  • Interior Features Primary Bathroom -Tub with Separate Shower: Yes
  • Roof:Tile2: Yes
  • Spa Features In Ground2: Yes
  • General Property Information Carport YN2: No
  • Other Structures Shed(s): Yes
  • Utilities Water Available: Yes
  • View Water3: Yes
  • Room Types Dining Room: Yes
  • Interior Features Breakfast Nook: Yes
  • Pool Features Screen Enclosure: Yes
  • Security Features Security System Owned: Yes
  • Room Types Family Room: Yes
  • Room Types Living Room: Yes
  • Pool Features Waterfall: Yes
  • Security Features Security System Leased: Yes
  • Utilities Natural Gas Connected: Yes
  • View Golf Course2: Yes
  • Interior Features Jack and Jill Bath: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Breakfast Nook, Built-in Features, Ceiling Fan(s), Central Vacuum, His and Hers Closets, Jack and Jill Bath, Kitchen Island, Open Floorplan, Pantry, Primary Bathroom -Tub with Separate Shower, Primary Downstairs, Split Bedrooms, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar
  • Flooring: Carpet, Tile
  • Spa Features: Bath, In Ground
  • Appliances: Convection Oven, Dishwasher, Disposal, Double Oven, Gas Water Heater, Microwave, Refrigerator, Water Softener Owned
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Other
  • ResoLivingAreaSource: PublicRecords
  • General Property Information Bathrooms Half: 1
  • Appliances:Convection Oven: Yes
  • Appliances Dishwasher: Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Open Floorplan: Yes
  • Interior Features:Built-in Features: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Kitchen Island: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Split Bedrooms: Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Appliances:Double Oven: Yes
  • Interior Features:His and Hers Closets: Yes
  • Spa Features:Bath: Yes
  • Interior Features:Wet Bar: Yes
  • Appliances:Water Softener-Owned: Yes
  • Appliances:Gas Water Heater: Yes
  • Interior Features:Central Vacuum: Yes

Exterior Features

  • Exterior Features: Outdoor Kitchen, Storm Shutters
  • Pool Features: In Ground, Private, Screen Enclosure, Waterfall, Other
  • Roof: Tile
  • Acres: 0.3
  • Waterfront Features: Lake Front, Pond
  • Waterfront: Yes
  • Construction Type: Frame, Stucco, Wood Siding
  • Direction Faces: Northwest
  • Patio And Porch Features: Porch
  • Construction Materials:Stucco: Yes
  • Patio and Porch Features:Porch: Yes
  • Exterior Features:Storm Shutters: Yes
  • View:Lake: Yes
  • Construction Materials:Frame: Yes
  • Construction Materials:Wood Siding: Yes
  • Waterfront Features:Lake Front: Yes
  • Waterfront Features:Pond2: Yes
  • Lot Features:Sprinklers in Front: Yes
  • Lot Features:Sprinklers In Rear: Yes
  • Exterior Features Outdoor Kitchen2: Yes
  • Lot Features:On Golf Course: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Parking Features: Attached, Garage Door Opener
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 3.0
  • Parking Features:Attached: Yes
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Cooling: Central Air, Electric
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Water Available
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Well
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association #2 Fee: 228.0
  • Association #2 Fee Frequency: Annually
  • Association Fee: 150.0
  • Association Fee Frequency: Annually
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 150.0
  • General Property Information:Association Fee Frequency: Annually
  • General Property Information:Association Fee 2: 228.0
  • General Property Information:Association Fee 2 Frequency: Annually

Schools

  • Middle Or Junior School: DeLaura

Lot Info

  • Lot Size Sq Ft: 13068.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 26-36-23-Pp-00000.0-0067.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 4651.75

MLS Schools

  • Elementary School: Suntree
  • High School: Viera

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2019
Closed on
Aug 14, 2019
Sold by
Mccracken Charles D and Mccracken Barbara B
Bought by
Kent John P and Kent Pamela J
Seller's Agent
Jack Jeffcoat
Ellingson Properties
Buyer's Agent
Carolyn Smith
RE/MAX Elite
List Price
$675,000
Sold Price
$625,000
Premium/Discount to List
-$50,000
-7.41%
Current Estimated Value
$862,565

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$237,565
Avg. Annual Appreciation
5.35%
Original Mortgage
$562,500
Outstanding Balance
$495,642
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$366,923

Purchase Details

Closed on
Apr 21, 2014
Sold by
Mccracken Charles D and Mccracken Barbara B
Bought by
Mccracken Charles D and Mccracken Barbara B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
4.19%

Purchase Details

Closed on
Aug 20, 2013
Sold by
Mccracken Charles D and Mc Cracken Barbara B
Bought by
Mccracken Charles D and Mc Cracken Barbara B

Purchase Details

Closed on
Apr 30, 2004
Sold by
Passmore George D and Passmore Rita R
Bought by
Mccracken Charles D and Mccracken Barbara B

Purchase Details

Closed on
Oct 19, 1993
Sold by
Suntree Tr 51 Gen Ptnr
Bought by
Passmore George D and Passmore Rita R

Purchase Details

Closed on
Aug 16, 1993
Sold by
Suntree Tr 51 Gen Ptnr
Bought by
Passmore George D and Passmore Rita R
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Kent John P $625,000 Echelon Title Services Llc
Mccracken Charles D -- Attorney
Mccracken Charles D -- Attorney
Mccracken Charles D -- Attorney
Mccracken Charles D $480,000 State Title
Passmore George D -- --
Passmore George D $83,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kent John P $562,500
Previous Owner Mccracken Charles D $95,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2019 08/22/19 Sold $625,000 -2.2% $186 / Sq Ft
06/28/2019 06/28/19 Pending -- -- --
04/26/2019 04/26/19 Price Changed $639,000 -5.3% $190 / Sq Ft
02/25/2019 02/25/19 For Sale $675,000 -- $201 / 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 $5,237 $419,210 -- --
2024 $5,159 $407,400 -- --
2023 $5,159 $395,540 $0 $0
2022 $4,812 $384,020 $0 $0
2021 $5,030 $372,840 $0 $0
2020 $4,971 $367,700 $0 $0
2019 $4,630 $336,780 $0 $0
2018 $4,652 $330,510 $0 $0
2017 $4,715 $323,720 $0 $0
2016 $4,814 $317,070 $72,000 $245,070
2015 $4,976 $314,870 $72,000 $242,870
2014 $5,018 $312,380 $88,000 $224,380
Source: Public Records

Agents Affiliated with this Home

  • Jack Jeffcoat

    Seller's Agent in 2019

    Jack Jeffcoat

    Ellingson Properties

    (321) 536-1461

    29 in this area

    198 Total Sales

    Jack Jeffcoat
    Section Image
  • Greg Ellingson

    Seller Co-Listing Agent in 2019

    Greg Ellingson

    Ellingson Properties

    (321) 795-0021

    55 in this area

    603 Total Sales

    Greg Ellingson
    Section Image

  • C

    Buyer's Agent in 2019

    Carolyn Smith

    RE/MAX

See All Agents

Map

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

MLS Number: 837882

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 26-36-23-PP-00000.0-0067.00

Florida Brevard County Melbourne 32940 Suntree

701 Palmer Way, Melbourne, 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.

Nearby Homes