NOT LISTED FOR SALE

870 Spanish Cay Dr Merritt Island, FL 32952

Estimated Value: $686,000 - $771,000

4 Beds
3 Baths
2,556 Sq Ft
$282/Sq Ft Est. Value

Last Sold February 15, 2019

Last sale price $419,500 $164 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $4,377/month

7 Days on Market

Highlights

  • Lake Front
  • Private Pool
  • Open Floorplan
  • Boat Dock
  • Home fronts a pond
  • Vaulted Ceiling

About This Home

As of February 2019

A showplace! This unique floor plan is set to attract a growing family, retired folks expecting lots of company or just pure comfortable everyday living. Open foyer with separate guest area plus theater room/giant bedroom aka bonus room. Beautiful pool/spa entertaining area over looking pond filled with Florida wild birds, tranquil space.
Gorgeous kitchen with bar, granite counters, eat in area, desk desk and large window plus giant pantry. Open spaces, tile and very flexible floor plan. You have to see this one, easy to show. Large corner lot on lovely pond. Neighborhood features dog park, and access to viewing area of Indian River .

Alarm system and pool and spa heaters unwarranted.

Last Agent to Sell the Property

Sue Nisbet

Nisbet Realty, Inc. License #185587 Listed on: 12/14/2018

Last Buyer's Agent

Sarah Richards

Richards Real Estate License #598406

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,573

Year Built

  • Built in 2003

Lot Details

  • 0.39 Acre Lot
  • Home fronts a pond
  • Lake Front
  • Street terminates at a dead end
  • West Facing Home

HOA Fees

  • $31 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Property Views

  • Lake
  • Pond
  • Pool

Home Design

  • Shingle Roof
  • Asphalt
  • Stucco

Interior Spaces

  • 2,556 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Vaulted Ceiling
  • Ceiling Fan
  • Screened Porch
  • Washer and Gas Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Outdoor Features

  • Private Pool
  • Courtyard
  • Patio

Schools

  • Tropical Elementary School
  • Jefferson Middle School
  • Merritt Island High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 25-36-13-79-0000a.0-0031.00

Community Details

Overview

  • River Grove Homeowners Association
  • River Grove On The Trail Phase 2 Subdivision

Recreation

  • Boat Dock
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,573

Year Built

Built in 2003

Lot Details

0

HOA Fees

$31 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Year Built: 2003
  • Reso Property Sub Type: Single Family Residence
  • ResoLaundryFeatures: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
  • ResoLotFeatures: Dead End Street
  • Road Surface Type: Asphalt
  • Reso View: Lake, Pond, Pool, Water
  • Reso Association Amenities: Boat Dock, Park
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: River Grove On The Trail Phase 2
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 25-36-13-79-0000a.0-0031.00
  • Location Tax and Legal Elementary School: Tropical
  • Location Tax and Legal Middle School2: Jefferson
  • Location Tax and Legal High School: Merritt Island
  • Location Tax and Legal Tax Annual Amount: 5572.96
  • Location Tax and Legal Tax Year2: 2018
  • General Property Information Living Area2: 2556.0
  • General Property Information Building Area Total3: 3375.0
  • General Property Information Lot Size Acres: 0.39
  • General Property Information Lot Size Square Feet2: 16988.0
  • 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: West
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Flooring Tile: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • General Property Information Community Fee(s) YN: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Pool Features Private: Yes
  • Lot Features Dead End Street: Yes
  • Road Surface Type Asphalt: Yes
  • Roof:Shingle: Yes
  • Utilities Electricity Connected: Yes
  • ViewPond: Yes
  • View Pool: Yes
  • Flooring Carpet: Yes
  • Levels Two: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • View Water3: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), Eat-in Kitchen, Open Floorplan, Pantry, Primary Bathroom - Tub with Shower, Primary Downstairs, Split Bedrooms, Vaulted Ceiling(s), Walk-In Closet(s)
  • Flooring: Carpet, Tile
  • Appliances: Dishwasher, Disposal, Electric Water Heater, Ice Maker, Microwave, Refrigerator
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Total Bedrooms: 7
  • ResoLivingAreaSource: PublicRecords
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Open Floorplan: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Breakfast Bar: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Split Bedrooms: Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Interior Features:Walk-In Closet(s): Yes

Exterior Features

  • Exterior Features: Courtyard
  • Pool Features: Private
  • Roof: Shingle
  • Acres: 0.39
  • Waterfront Features: Lake Front, Pond
  • Waterfront: Yes
  • Construction Type: Stucco
  • Direction Faces: West
  • Patio And Porch Features: Patio, Porch, Screened
  • Construction Materials:Stucco: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Screened: Yes
  • View:Lake: Yes
  • Waterfront Features:Lake Front: Yes
  • Waterfront Features:Pond2: Yes
  • Exterior Features:Courtyard: 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: Electricity Connected, Water Available
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Central: Yes
  • Heating:Electric3: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 375.0
  • Association Fee Frequency: Annually
  • Association Name: River Grove Homeowners
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Name: River Grove Homeowners
  • General Property Information:Association Fee: 375.0
  • General Property Information:Association Fee Frequency: Annually
  • Association Amenities:Boat Dock: Yes
  • Association Amenities:Park: Yes

Schools

  • Middle Or Junior School: Jefferson

Lot Info

  • Lot Size Sq Ft: 16988.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2532590
  • Parcel #: 25-36-13-79-0000a.0-0031.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 5572.96

MLS Schools

  • Elementary School: Tropical
  • High School: Merritt Island

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2018
Closed on
Feb 15, 2019
Sold by
Scherr William H and Scherr Teresa L
Bought by
Malpass John A and Malpass Michelle A
Seller's Agent
Sue Nisbet
Nisbet Realty, Inc.
Buyer's Agent
Sarah Richards
Richards Real Estate
List Price
$424,900
Sold Price
$419,500
Premium/Discount to List
-$5,400
-1.27%
Current Estimated Value
$720,589

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$301,089
Avg. Annual Appreciation
8.65%
Original Mortgage
$404,477
Interest Rate
4.5%
Mortgage Type
VA

Purchase Details

Closed on
Apr 21, 2010
Sold by
Penner Larry W and Penner Catherine T
Bought by
Scherr William H and Scherr Teresa L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.94%

Purchase Details

Closed on
Feb 14, 2003
Sold by
Sun Castles Inc
Bought by
Penner Larry W and Penner Catherine T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$302,850
Interest Rate
5.93%
Mortgage Type
Purchase Money Mortgage
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
Malpass John A $419,500 Island Title & Escrow Agency
Scherr William H $350,000 Island Title & Escrow Corp
Penner Larry W $68,000 --
Sun Castles Inc $66,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Malpass John A $394,553
Closed Malpass John A $402,600
Closed Malpass John A $404,477
Previous Owner Scherr William H $200,000
Previous Owner Emmer Catherine T $158,500
Previous Owner Penner Larry W $451,200
Previous Owner Penner Larry W $368,500
Previous Owner Sun Castles Inc $302,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2019 02/15/19 Sold $419,500 -1.3% $164 / Sq Ft
12/20/2018 12/20/18 Pending -- -- --
12/13/2018 12/13/18 For Sale $424,900 -- $166 / 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
2024 $5,043 $408,790 -- --
2023 $5,043 $396,890 $0 $0
2022 $4,733 $386,760 $0 $0
2021 $4,976 $375,500 $0 $0
2020 $4,931 $370,320 $60,000 $310,320
2019 $5,658 $373,030 $60,000 $313,030
2018 $5,573 $357,090 $80,000 $277,090
2017 $5,653 $356,950 $80,000 $276,950
2016 $5,310 $310,740 $80,000 $230,740
2015 $5,176 $288,960 $50,000 $238,960
2014 $4,952 $263,430 $50,000 $213,430
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    Sue Nisbet

    Nisbet Realty, Inc.

    (321) 431-7639

    21 in this area

    43 Total Sales

    Sue Nisbet
    Section Image

  • S

    Buyer's Agent in 2019

    Sarah Richards

    Richards Real Estate

    21 Total Sales

    Sarah Richards
    Section Image
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Map

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

MLS Number: 832042

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 25-36-13-79-0000A.0-0031.00

Florida Brevard County Merritt Island 32952

870 Spanish Cay Dr, Merritt Island, FL

This home is located at 870 Spanish Cay Dr, Merritt Island, FL 32952 since 14 December 2018 and is currently estimated at $720,589, approximately $281 per square foot. This property was built in 2003. 870 Spanish Cay Dr is a home located in Brevard County with nearby schools including Tropical Elementary School, Thomas Jefferson Middle School, and Merritt Island High School.

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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