NOT LISTED FOR SALE

701 Palmer Way Melbourne, FL 32940

Suntree Neighborhood

Estimated Value: $825,000 - $977,000

4 Beds
3.5 Baths
3,360 Sq Ft
$265/Sq Ft Est. Value

Sale Details

Date Sold: August 22, 2019

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

Est. 43% increase in value since last sale

Current estimated payment $5,377 / mo

123 Days on Market

Highlights

  • Lake Front
  • On Golf Course
  • Home fronts a pond
  • Suntree Elementary School Rated A-
  • Screened 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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,652

Year Built

  • Built in 1994

Lot Details

  • 13,068 Sq Ft 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
  • 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

  • Screened Pool
  • In Ground Pool
  • In Ground Spa
  • Waterfall Pool Feature

Outdoor Features

  • Outdoor Kitchen
  • Shed
  • Porch

Schools

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

Utilities

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

Community Details

  • Legends Unit 2 The Subdivision
  • Maintained Community

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

0.3 Acres

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 - Off Site, Management - Full Time
  • 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)
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

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

Exterior Features

  • Exterior Features: Outdoor Kitchen, Storm Shutters
  • Pool Features: In Ground, Other, Screen Enclosure, Waterfall
  • Roof: Tile
  • Acres: 0.3
  • Pool Private: Yes
  • Waterfront Features: Lake Front, Pond
  • Waterfront: Yes
  • Construction Type: Frame, Stucco, Wood Siding
  • Direction Faces: Northwest
  • Patio And Porch Features: Porch

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Parking Features: Attached, Garage Door Opener

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

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

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

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 4651.75

MLS Schools

  • Elementary School: Suntree
  • High School: Viera

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2019
Closed on
Aug 14, 2019
Sold by
Bought by
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
$891,497

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$266,497
Avg. Annual Appreciation
5.24%
Original Mortgage
$562,500
Outstanding Balance
$486,218
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$405,279

Purchase Details

Closed on
Apr 21, 2014
Sold by
Bought by

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
Bought by

Purchase Details

Closed on
Apr 30, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.25%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 19, 1993
Sold by
Bought by

Purchase Details

Closed on
Aug 16, 1993
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Suntree, FL

  • JE

    Jason Engle

    Real Broker, LLC

    (321) 684-7084

    24 Total Sales

    7 in Suntree

    $325K - $760K Price Range

    Jason Engle
     Section Image
  • Jordan Reed Real Estate Agent - EXP Realty, LLC

    Jordan Reed

    EXP Realty, LLC

    (321) 336-5238

    101 Total Sales

    6 in Suntree

    $290K - $530K Price Range

    Jordan Reed
     Section Image
  • Lauren Merrell P.A. Real Estate Agent - Dale Sorensen Real Estate Inc.

    Lauren Merrell P.A.

    Dale Sorensen Real Estate Inc.

    (321) 450-3672

    136 Total Sales

    4 in Suntree

    $310K - $1.2M Price Range

    Lauren Merrell P.A.
     Section Image
  • Jeremy Silber Real Estate Agent - Dale Sorensen Real Estate Inc.

    Jeremy Silber

    Dale Sorensen Real Estate Inc.

    (321) 425-8921

    91 Total Sales

    2 in Suntree

    $530K - $610K Price Range

    Jeremy Silber
     Section Image
  • Brenda Corliss Real Estate Agent - Newton Real Estate Group

    Brenda Corliss

    Newton Real Estate Group

    (321) 273-7053

    19 Total Sales

    7 in Suntree

    $149K - $660K Price Range

    Brenda Corliss
     Section Image
  • Michael Waterman Real Estate Agent - Waterman Real Estate, Inc.

    Michael Waterman

    Responds Quickly

    Waterman Real Estate, Inc.

    (321) 587-0550

    22 Total Sales

    1 in Suntree

    $475,000 Price

    Michael Waterman
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$625,000 Echelon Title Services Llc
-- Attorney
-- Attorney
-- Attorney
$480,000 State Title
-- --
$83,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $250,000
Open $562,500
Previous Owner $215,000
Previous Owner $95,000
Previous Owner $150,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 Real Estate Agent - Ellingson Properties

    Seller's Agent in 2019

    Jack Jeffcoat

    Ellingson Properties

    (321) 536-1461

    29 in this area

    192 Total Sales

    Jack Jeffcoat
    Section Image
  • Greg Ellingson Real Estate Agent - Ellingson Properties

    Seller Co-Listing Agent in 2019

    Greg Ellingson

    Ellingson Properties

    (321) 795-0021

    46 in this area

    527 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.

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