NOT LISTED FOR SALE

Merritt Island, FL 32952

Estimated Value: $3,397,818 - $3,970,000

6 Beds
9 Baths
6,897 Sq Ft
$532/Sq Ft Est. Value

Last Sold May 31, 2018

Last sale price $2,240,000 $325 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $22,889/month

147 Days on Market

Highlights

  • 150 Feet of Waterfront
  • Guest House
  • River Access
  • Ocean Breeze Elementary School Rated A-
  • Dock made with wood
  • Boat Lift

About This Home

As of May 2018

This is the ultimate dream home. Every detail is exceptional as this was custom built for a builder's personal home. Upon entering the home, the ceiling soars to 22 feet. The river views are spectacular and the outdoor space is stunning. There is a warm feel in the gourmet kitchen which has every high end appliance you can think of including 2 dishwashers and a double oven. The master wing has his and her bathrooms, plus an exercise room. The outdoors area includes an infinity edge pool, summer kitchen, outdoor fireplace and several entertaining areas. In 2015, a detached guest house was added to compliment the home. The 2-story, 1365 SF guest house offers 2 bedrooms, 2 baths, living room, kitchen and wet bar. The estate is simply extraordinary!

Last Buyer's Agent

Stellar Non-Member Agent

Stellar Non-Member Office

Stellar Non-Member Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,978

Year Built

  • Built in 2007

Lot Details

  • 1 Acre Lot
  • Lot Dimensions are 150 x 290
  • 150 Feet of Waterfront
  • River Front
  • West Facing Home
  • Mature Landscaping
  • Well Sprinkler System

Parking

  • 4 Car Garage
  • Garage Door Opener
  • Circular Driveway
  • Open Parking

Home Design

  • Custom Home
  • Spanish Architecture
  • Bi-Level Home
  • Slab Foundation
  • Wood Frame Construction
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 6,897 Sq Ft Home
  • Wet Bar
  • Bar Fridge
  • Dry Bar
  • Crown Molding
  • Tray Ceiling
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Sliding Doors
  • Family Room
  • Living Room with Fireplace
  • Loft
  • Bonus Room
  • River Views
  • Security System Owned
  • Attic

Kitchen

  • Double Oven
  • Microwave
  • Freezer
  • Dishwasher
  • Wine Refrigerator
  • Solid Wood Cabinet

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • Double Master Bedroom
  • Split Bedroom Floorplan
  • Walk-In Closet
  • In-Law or Guest Suite

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Pool

  • Private Pool
  • Spa

Outdoor Features

  • River Access
  • Seawall
  • Boat Lift
  • Dock made with wood
  • Open Dock
  • Balcony
  • Deck
  • Patio
  • Breezeway
  • Outdoor Grill
  • Porch

Additional Homes

  • Guest House

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Tankless Water Heater
  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Sanders Subd Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,978

Year Built

Built in 2007

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Custom, Spanish/Mediterranean
  • Construction Materials: Block, Stucco, Wood Frame
  • Fireplace: Yes
  • Living Area: 6897
  • Lot Size Acres: 1
  • New Construction: No
  • Year Built: 2007
  • Building Area Total: 8130
  • Lot Size Sq Ft: 43560
  • Directions to Property: Pineda Causeway heading towards the beaches, Exit on Tropical Trail and head north. House is the 2nd one on the East side.
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=O5540403&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=O5540403&cview=true&show_results=true&customer_portal=true
  • Homestead Y N: Yes
  • Total Acreage: 1 to less than 2
  • Home Warranty Y N: No
  • Call Center Phone Number: 321-960-1308
  • Ratio: Close Price\List Price: 0.91429
  • Price per Sq Ft: 324.78
  • Close to Original List Price Ratio: 0.91429
  • Ratio: Current Price\Building Area Total: 275.52
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2016
  • Special Features: None

Interior Features

  • Fireplace Features: Gas, Living Room, Master Bedroom
  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Other, Hardwood
  • Full Bathrooms: 7
  • Half Bathrooms: 2
  • Interior Amenities: Attic, Cathedral Ceiling(s), Ceiling Fans(s), Crown Molding, Dry Bar, High Ceiling(s), Solid Wood Cabinets, Split Bedroom, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar
  • Appliances Included: Bar Fridge, Dishwasher, Double Oven, Dryer, Freezer, Microwave, Refrigerator, Tankless Water Heater, Washer, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 6
  • Levels: Two
  • Spa Yn: Yes
  • Room Count: 10
  • Additional Rooms: Attic, Bonus Room, Breezeway, Double Master Bedroom, Family Room, Interior In-Law Suite, Loft
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: West
  • Other Structures: Guest House
  • Exterior Features: Balcony, Outdoor Grill, Sliding Doors
  • Roof: Tile
  • Pool Private: Yes
  • View: Water
  • Water Body Name: Banana River
  • Waterfront: Yes
  • Patio and Porch Features: Deck, Patio, Porch
  • Road Surface Type: Paved
  • Water View: River
  • Water Access: River
  • Water Extras: Dock - Open, Dock - Wood, Lift, Seawall - Concrete
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Waterfront Frontage: 150
  • Water Frontage Feet River: 150

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 4
  • Garage Yn: Yes
  • Parking Features: Circular Driveway, Garage Door Opener
  • Covered Parking Spaces: 4
  • Open Parking: Yes

Utilities

  • Utilities: Cable Available, Electricity Connected, Gas, Sprinkler Well
  • Cooling: Central Air, Zoned
  • Heating: Central, Zoned
  • Laundry Features: Inside
  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Security: Security System Owned
  • Senior Community: No
  • Association Fee Requirement: None
  • Association Approval Required YN: No

Lot Info

  • Zoning: RESIDENTIA
  • Parcel Number: 2626768
  • Additional Parcels: No
  • Lot Dimensions: 150 x 290
  • Flood Zone Code: 0
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Minimum Lease: No Minimum
  • Lease Restrictions Y N: No

Tax Info

  • Tax Annual Amount: 14978
  • Tax Block: 000
  • Tax Book Number: 0001/0042
  • Tax Lot: 3

Multi Family

  • Waterfront Features: River

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 20, 2020
Sold by
Bradley Douglas Kenneth and Bradley Rachel Anne
Bought by
Kranze Richard H and Kranze Julia M
Current Estimated Value
$3,705,335

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,060,000
Outstanding Balance
$1,848,363
Interest Rate
2.62%
Mortgage Type
New Conventional
Estimated Equity
$1,868,228

Purchase Details

Listed on
Nov 6, 2017
Closed on
May 25, 2018
Sold by
Stalnaker Jeffrey C and Stalnaker Linda G
Bought by
Bradley Douglas Kenneth and Bradley Rachel Anne
Buyer's Agent
Stellar Non-Member Agent
Stellar Non-Member Office
List Price
$2,450,000
Sold Price
$2,240,000
Premium/Discount to List
-$210,000
-8.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.26%

Purchase Details

Closed on
Feb 8, 2010
Sold by
Militano Kyle and Militano Michelle
Bought by
Stalnaker Jeffrey C and Stalnaker Linda G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.16%
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
Kranze Richard H $2,575,000 Alliance Title Ins Agcy Inc
Bradley Douglas Kenneth $2,240,000 Alliance Title Ins Agcy Inc
Stalnaker Jeffrey C $1,100,000 State Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kranze Richard H $1,000,000
Open Kranze Richard H $2,060,000
Previous Owner Stalnaker Jeffrey C $250,000
Previous Owner Stalnaker Jeffrey C $645,000
Previous Owner Stalnaker Jeffrey C $417,000
Previous Owner Militano Kyle $1,500,000
Previous Owner Milltano Kyle $1,250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2018 05/31/18 Sold $2,240,000 0.0% $325 / Sq Ft
02/08/2018 02/08/18 Off Market $2,240,000 -- --
11/06/2017 11/06/17 For Sale $2,450,000 -- $355 / Sq Ft
Source: Stellar MLS

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 $32,402 $2,621,530 $517,730 $2,103,800
2022 $28,168 $2,470,580 $0 $0
2021 $26,680 $1,992,150 $387,230 $1,604,920
2020 $20,560 $1,527,910 $365,230 $1,162,680
2019 $22,141 $1,560,600 $350,230 $1,210,370
2018 $14,334 $1,006,450 $0 $0
2017 $14,619 $985,750 $0 $0
2016 $14,979 $965,480 $220,230 $745,250
2015 $13,164 $813,480 $220,230 $593,250
2014 $13,292 $807,030 $220,230 $586,800
Source: Public Records

Agents Affiliated with this Home

  • S

    Buyer's Agent in 2018

    Stellar Non-Member Agent

    FL_MFRMLS

    Section Image
See All Agents

Source: Stellar MLS

MLS Number: O5540403

Stellar MLS

APN: 26-37-20-DR-00000.0-0003.08

Florida Brevard County Merritt Island

32952

This home since 06 November 2017 and is currently estimated at $3,671,606, approximately $532 per square foot. This property was built in 2007. This home is a home located in Brevard County with nearby schools including Ocean Breeze Elementary School, Cocoa Beach Junior/Senior High School, and Costal Community 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.

Stellar MLS 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.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

Nearby Homes