NOT LISTED FOR SALE

842 Potomac Dr Melbourne, FL 32904

Estimated Value: $472,000 - $512,000

4 Beds
2 Baths
2,082 Sq Ft
$233/Sq Ft Est. Value

Last Sold November 10, 2021

Last sale price $435,000 $209 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,975/month

3 Days on Market

Highlights

  • Lake Front
  • Gated with Attendant
  • Open Floorplan
  • Screened Pool
  • Home fronts a pond
  • Great Room

About This Home

As of November 2021

Fabulous 4 Bedroom-Pool Home with Spectacular Views of the Lake. Smart Floor Plan with Separate Sitting Room and Dining Rooms, The Great room Opens to the Kitchen, Breakfast Nook and Lanai. Open Kitchen with Newer SS Appliances and Solid Surface Counters. Split Bedroom Plan. Primary Suite with Huge Bathroom and To-Die-For Walk in Closet! Gorgeous Pool with Screened Lanai and Waterfall - Overlooks the Serene Lake. Concrete Block Construction with Hurricane Shutters. All of this in the Gated Community of the Falls at Sheridan. Convenient to Major Employers, Shopping, Schools, I95 and only 11 Miles to the Beach! Call Your Agent and Stop By Today

Last Agent to Sell the Property

Patricia Ziehler

RE/MAX Aerospace Realty Listed on: 10/08/2021

Last Buyer's Agent

Lori Hurwitz

RE/MAX Solutions License #3055490

RE/MAX Solutions

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,633

Year Built

  • Built in 1997

Lot Details

  • 0.26 Acre Lot
  • Home fronts a pond
  • Lake Front
  • East Facing Home
  • Front and Back Yard Sprinklers

HOA Fees

  • $35 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Property Views

  • Lake
  • Pond

Home Design

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

Interior Spaces

  • 2,082 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Skylights
  • Great Room
  • Living Room
  • Dining Room
  • Hurricane or Storm Shutters

Kitchen

  • Breakfast Bar
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Accessible Home Design

  • Accessible Full Bathroom
  • Level Entry For Accessibility
  • Accessible Entrance

Pool

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

Schools

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

Utilities

  • Central Heating and Cooling System
  • Well
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 27-36-35-02-D-53

Community Details

Overview

  • Sstewartsentrymgt.Com Association, Phone Number (321) 638-8880
  • The Falls At Sheridan Phase II Subdivision
  • Maintained Community

Recreation

  • Community Playground

Security

  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,633

Year Built

Built in 1997

Lot Details

0

HOA Fees

$35 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, Water
  • ResoSecurityFeatures: Gated with Guard
  • Reso Association Amenities: Maintenance Grounds, Management - Off Site, Playground
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: The Falls at Sheridan Phase II
  • Reso Accessibility Features: Accessible Entrance, Accessible Full Bath
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 27-36-35-02-D-53
  • 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: 1633.41
  • Location Tax and Legal Tax Year2: 2020
  • General Property Information Living Area2: 2082.0
  • General Property Information Building Area Total3: 2827.0
  • General Property Information Lot Size Acres: 0.26
  • General Property Information Lot Size Square Feet2: 11325.6
  • 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
  • Flooring Tile: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • Levels One: Yes
  • Pets Allowed Yes: Yes
  • Pool Features In Ground: Yes
  • Association Amenities Maintenance Grounds2: Yes
  • Road Surface Type Asphalt: Yes
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • ViewPond: Yes
  • Flooring Carpet: Yes
  • Water Source Well: Yes
  • Water Source Public: Yes
  • Interior Features Primary Bathroom -Tub with Separate Shower: Yes
  • General Property Information Carport YN2: No
  • View Water3: Yes
  • Room Types Dining Room: Yes
  • Room Types Great Room: Yes
  • Pool Features Screen Enclosure: Yes
  • Room Types Living Room: Yes
  • General Property Information Association Phone: 321.638.8880
  • Pool Features Waterfall: Yes
  • Security Features Gated with Guard: Yes
  • General Property Information:Pool Private YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Breakfast Bar, Open Floorplan, Pantry, Primary Bathroom - Tub with Shower, Primary Bathroom -Tub with Separate Shower, Skylight(s), Split Bedrooms, Walk-In Closet(s)
  • Flooring: Carpet, Tile
  • Appliances: Dishwasher, Electric Range, Gas Water Heater, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • ResoLivingAreaSource: Other
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Open Floorplan: Yes
  • Interior Features:Breakfast Bar: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Split Bedrooms: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Skylight(s): Yes
  • Appliances:Gas Water Heater: Yes

Exterior Features

  • Exterior Features: Storm Shutters
  • Pool Features: In Ground, Screen Enclosure, Waterfall
  • Roof: Shingle
  • Acres: 0.26
  • Pool Private: Yes
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: East
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: 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
  • Accessibility Features:Accessible Entrance: Yes
  • Accessibility Features:Accessible Full Bath: 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
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public, Well
  • Heating:Central: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 425.0
  • Association Fee Frequency: Annually
  • Association Name: sstewartsentrymgt.com
  • Phone: 321-638-8880
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Name: sstewartsentrymgt.com
  • General Property Information:Association Fee: 425.0
  • General Property Information:Association Fee Frequency: Annually
  • Association Amenities:Playground: Yes

Schools

  • Middle Or Junior School: Central

Lot Info

  • Lot Size Sq Ft: 11325.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 27-36-35-02-D-53
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 1633.41

MLS Schools

  • Elementary School: Roy Allen
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2021
Closed on
Nov 10, 2021
Sold by
Keech Cheryl F and Ruthe G Faust Trust
Bought by
Bowman Lucy M
Seller's Agent
Patricia Ziehler
RE/MAX Aerospace Realty
Buyer's Agent
Lori Hurwitz
RE/MAX Solutions
List Price
$430,000
Sold Price
$435,000
Premium/Discount to List
$5,000
1.16%
Current Estimated Value
$486,099

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,099
Avg. Annual Appreciation
2.71%
Original Mortgage
$348,000
Outstanding Balance
$318,970
Interest Rate
3.01%
Mortgage Type
New Conventional
Estimated Equity
$167,129

Purchase Details

Closed on
May 31, 2006
Sold by
Faust Ruthe G
Bought by
Faust Ruthe G and The Ruthe G Faust Trust

Purchase Details

Closed on
Jan 17, 1997
Sold by
Stitzel Dev Corp
Bought by
Faust Benjamin C and Faust Ruthe G
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bowman Lucy M $435,000 Alliance Title Ins Agcy Inc
Faust Ruthe G -- Attorney
Faust Benjamin C $34,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bowman Lucy M $348,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/10/2021 11/10/21 Sold $435,000 +1.2% $209 / Sq Ft
10/11/2021 10/11/21 Pending -- -- --
10/08/2021 10/08/21 For Sale $430,000 -- $207 / 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 $4,812 $390,760 -- --
2024 $4,762 $381,060 -- --
2023 $4,762 $370,140 $0 $0
2022 $4,451 $359,360 $0 $0
2021 $1,769 $155,750 $0 $0
2020 $1,701 $153,600 $0 $0
2019 $1,692 $150,150 $0 $0
2018 $1,684 $147,360 $0 $0
2017 $1,659 $144,330 $0 $0
2016 $1,671 $141,370 $49,500 $91,870
2015 $1,712 $140,390 $44,000 $96,390
2014 $2,000 $139,280 $44,000 $95,280
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 917785

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 27-36-35-02-0000D.0-0053.00