NOT LISTED FOR SALE

702 Falls Creek Dr Melbourne, FL 32904

Estimated Value: $469,000 - $510,000

4 Beds
2 Baths
2,012 Sq Ft
$246/Sq Ft Est. Value

Last Sold March 11, 2022

Last sale price $505,000 $251 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,142/month

Highlights

  • Lake Front
  • Solar Heated In Ground Pool
  • Open Floorplan
  • Melbourne Senior High School Rated A-
  • Home fronts a pond
  • Vaulted Ceiling

About This Home

As of March 2022

Prepare to be WOW'd! This true 4 Bedroom split plan with stunning long, spring-fed lake views, has been loved to perfection. LARGER-than-usual, screened free-form, solar-heated pool glistens as bubbling 6-person hot tub beckons you in! Loads of room on patio and yes! Outside TV stays! SO many upgrades and updates - see Documents - this spotless home screams: NOTHING TO DO BUT MOVE RIGHT IN & START MAKING MEMORIES! Lavish living space - open and stylish with modern lighting & gorgeous windows bring the outside in! Plantation shutters, redone kitchen, sexy owner's suite bathroom and 2nd bathroom/pool bath beautifully redone. 14K TOP OF LINE AC just installed for Mr & Mrs. Fussy! Roof 2012. Over 1/4 acre in a GATED community! It doesn't get better than this..but do HURRY!

Last Agent to Sell the Property

Jill Wallace

RE/MAX Elite License #3038282 Listed on: 01/25/2022

RE/MAX Elite

Last Buyer's Agent

Non-Member Non-Member Out Of Area

Non-MLS or Out of Area License #nonmls

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,438

Year Built

  • Built in 1997

Lot Details

  • 0.27 Acre Lot
  • Home fronts a pond
  • Lake Front
  • South Facing Home
  • Front and Back Yard Sprinklers

HOA Fees

  • $39 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Property Views

  • Lake
  • Pond
  • Woods
  • Pool

Home Design

  • Shingle Roof
  • Concrete Siding
  • Block Exterior
  • Asphalt
  • Stucco

Interior Spaces

  • 2,012 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Vaulted Ceiling
  • Ceiling Fan
  • Great Room
  • Screened Porch
  • Laundry Room

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub and Shower Combination in Primary Bathroom

Home Security

  • Security Gate
  • Hurricane or Storm Shutters

Pool

  • Solar Heated In Ground Pool
  • Above Ground Spa

Outdoor Features

  • Patio

Schools

  • Roy Allen Elementary School
  • Central Middle School
  • Melbourne High School

Utilities

  • Central Heating and Cooling System
  • Whole House Permanent Generator
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 27-36-35-01-0000b.0-0002.00

Community Details

Overview

  • Sentry Managment, 597 Harverty Ct, 110, Rockledge Association
  • The Falls At Sheridan Phase 1 Subdivision

Recreation

  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,438

Year Built

Built in 1997

Lot Details

0

HOA Fees

$39 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1997
  • Reso Property Sub Type: Single Family Residence
  • ResoLotFeatures: Sprinklers In Front, Sprinklers In Rear
  • Road Surface Type: Asphalt
  • Reso View: Lake, Pond, Pool, Trees/Woods, Water
  • ResoSecurityFeatures: Security Gate
  • Reso Association Amenities: Management - Off Site, Playground
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: The Falls at Sheridan Phase 1
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Financial Info Electric: Whole House Generator
  • Location Tax and Legal Parcel Number2: 27-36-35-01-0000b.0-0002.00
  • Location Tax and Legal Elementary School: Roy Allen
  • Location Tax and Legal Middle School2: Central
  • Location Tax and Legal High School: Melbourne
  • Location Tax and Legal Tax Annual Amount: 3437.9
  • Location Tax and Legal Tax Year2: 2021
  • General Property Information Living Area2: 2012.0
  • General Property Information Building Area Total3: 2496.0
  • General Property Information Lot Size Acres: 0.27
  • General Property Information Lot Size Square Feet2: 11761.0
  • 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: South
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Flooring Laminate: Yes
  • Flooring Tile: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • General Property Information Community Fee(s) YN: Yes
  • Levels One: Yes
  • Pool Features In Ground: Yes
  • Pool Features Private: Yes
  • Road Surface Type Asphalt: Yes
  • Roof:Shingle: Yes
  • Security Features Security Gate: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • ViewPond: Yes
  • View Pool: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • View Water3: Yes
  • Room Types Great Room: Yes
  • Pool Features Solar Heat: Yes
  • Room Types Laundry: Yes
  • Electric Whole House Generator: Yes
  • View TreesWoods: Yes
  • Flooring Vinyl: Yes
  • Pets Allowed Breed Restrictions: Yes
  • Spa Features Above Ground2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Ceiling Fan(s), Open Floorplan, Primary Bathroom - Tub with Shower, Primary Downstairs, Split Bedrooms, Vaulted Ceiling(s), Walk-In Closet(s)
  • Flooring: Laminate, Tile, Vinyl
  • Spa Features: Above Ground
  • Appliances: Dishwasher, Disposal, Electric Range, Electric Water Heater, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Total Bedrooms: 8
  • ResoLivingAreaSource: Other
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Interior Features:Primary Downstairs: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Open Floorplan: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Split Bedrooms: Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Interior Features:Walk-In Closet(s): Yes

Exterior Features

  • Exterior Features: Storm Shutters
  • Pool Features: In Ground, Private, Solar Heat
  • Roof: Shingle
  • Acres: 0.27
  • Waterfront Features: Lake Front, Pond
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: South
  • 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
  • View:Lake: Yes
  • Waterfront Features:Lake Front: Yes
  • Waterfront Features:Pond2: Yes
  • Lot Features:Sprinklers in Front: Yes
  • Lot Features:Sprinklers In Rear: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage Door Opener
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Attached: Yes
  • Parking Features:Garage Door Opener: Yes

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 467.5
  • Association Fee Frequency: Annually
  • Association Name: Sentry Managment, 597 Harverty Ct, 110, Rockledge
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Name: Sentry Managment, 597 Harverty Ct, 110, Rockledge
  • General Property Information:Association Fee: 467.5
  • General Property Information:Association Fee Frequency: Annually
  • Association Amenities:Playground: Yes

Schools

  • Middle Or Junior School: Central

Lot Info

  • Lot Size Sq Ft: 11761.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2735312
  • Parcel #: 27-36-35-01-0000b.0-0002.00
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 3437.9

MLS Schools

  • Elementary School: Roy Allen
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 1, 2025
Sold by
Forestieri John and Forestieri Caroline
Bought by
John And Caroline Forestieri Revocable Trust and Forestieri
Current Estimated Value
$495,495

Purchase Details

Listed on
Jan 25, 2022
Closed on
Mar 11, 2022
Sold by
Frank L Giaramita Declaration Of Trust
Bought by
Forestieri John and Forestieri Caroline
Seller's Agent
Jill Wallace
RE/MAX Elite
Buyer's Agent
Non-Member Non-Member Out Of Area
Non-MLS or Out of Area
List Price
$489,900
Sold Price
$505,000
Premium/Discount to List
$15,100
3.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.45%
Original Mortgage
$450,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 21, 2020
Sold by
Giaramita Frank L and Giaramita Dawn M
Bought by
Giaramita Frank L and Giaramita Frank L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,500
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 19, 2015
Closed on
Jul 29, 2015
Sold by
Montemurro Patricia M and The William C & Rita M Heidel
Bought by
Giaramita Frank L
Seller's Agent
Patricia Montemurro
Indian River Realty II
Buyer's Agent
Jill Wallace
RE/MAX Elite
List Price
$265,000
Sold Price
$255,000
Premium/Discount to List
-$10,000
-3.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.21%
Original Mortgage
$155,000
Interest Rate
4.04%

Purchase Details

Closed on
Jan 5, 2006
Sold by
Heidel William C and Heidel Rita M
Bought by
Heidel William C and Heidel Rita M

Purchase Details

Closed on
Aug 24, 2005
Sold by
Medinger Luther C and Medinger Ruth S
Bought by
Heidel William and Heidel Rita M

Purchase Details

Closed on
Jul 10, 2003
Sold by
Medinger Luther C and Medinger Ruth S
Bought by
Medinger Luther C and Medinger Ruth S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,873
Interest Rate
5.13%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 22, 1996
Sold by
Holiday Bldr Inc
Bought by
Medinger Luther C and Medinger Ruth S

Purchase Details

Closed on
Sep 26, 1996
Sold by
Stitzel Dev Corp
Bought by
Holiday Bldr Inc
Source: Public Records

Range of Values:

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Average Value
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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
John And Caroline Forestieri Revocable Trust $100 None Listed On Document
John And Caroline Forestieri Revocable Trust $100 None Listed On Document
Forestieri John $505,000 Prestige Title
Giaramita Frank L -- Attorney
Giaramita Frank L $255,000 North American Title Company
Heidel William C -- None Available
Heidel William $343,000 Security First Title Partner
Medinger Luther C -- --
Medinger Luther C $35,000 --
Holiday Bldr Inc $99,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Forestieri John $450,000
Previous Owner Giaramita Frank L $162,500
Previous Owner Giaramita Frank L $155,000
Previous Owner Medinger Luther C $63,873
Previous Owner Medinger Luther C $67,873
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2022 03/11/22 Sold $505,000 +3.1% $251 / Sq Ft
01/25/2022 01/25/22 Pending -- -- --
01/24/2022 01/24/22 For Sale $489,900 +92.1% $243 / Sq Ft
07/30/2015 07/30/15 Sold $255,000 -3.8% $126 / Sq Ft
05/22/2015 05/22/15 Pending -- -- --
05/19/2015 05/19/15 For Sale $265,000 -- $131 / 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
2023 $4,847 $376,630 $104,500 $272,130
2022 $2,826 $230,740 $0 $0
2021 $2,969 $224,020 $0 $0
2020 $2,924 $220,930 $0 $0
2019 $2,933 $215,970 $0 $0
2018 $2,941 $211,950 $0 $0
2017 $2,931 $207,600 $60,500 $147,100
2016 $3,438 $192,290 $49,500 $142,790
2015 $2,886 $184,170 $44,000 $140,170
2014 $1,869 $136,620 $44,000 $92,620
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 925072

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 27-36-35-01-0000B.0-0002.00