NOT LISTED FOR SALE

1000 S Banana River Dr Merritt Island, FL 32952

Estimated Value: $595,390 - $671,000

2 Beds
2 Baths
1,194 Sq Ft
$527/Sq Ft Est. Value

Last Sold July 28, 2022

Last sale price $615,000 $515 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,123/month

12 Days on Market

Highlights

  • River Front
  • Great Room
  • Screened Porch
  • Open Floorplan
  • No HOA
  • 1 Car Detached Garage

About This Home

As of July 2022

Gorgeous Riverfront Views from this direct Banana River riverfront. Concrete block home with 2 Master Bedrooms. High Ceilings Throughout. Light and Airy open floor plan. 2 Trussed Roof Screen Patio's. Over sized 1 car garage (just shy of being a 2 car garage), separated from the house by a breeze way. New Roof, New A/C. Home sits high above the road. 2nd Master Bedroom has a triple slider maximizing this open river view. Kitchen Range wired for oven. Designed to maximize water views. Great room slider recesses as a pocket door opening completely to screened Patio.

Last Listed By

Gregory Loggins

Loggins Realty Inc Listed on: 05/16/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,291

Year Built

  • Built in 2000

Lot Details

  • 6,534 Sq Ft Lot
  • River Front
  • West Facing Home

Parking

  • 1 Car Detached Garage

Home Design

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

Interior Spaces

  • 1,194 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Great Room
  • Screened Porch
  • Laminate Flooring
  • Water Views

Kitchen

  • Breakfast Bar
  • Electric Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms
  • Bathtub and Shower Combination in Primary Bathroom

Outdoor Features

  • Patio

Schools

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

Utilities

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

Community Details

  • No Home Owners Association
  • Banana River Drive Subd Association
  • Banana River Drive Subd Subdivision

Listing and Financial Details

  • Assessor Parcel Number 25-37-06-Cx-00000.0-0006.01

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,291

Year Built

Built in 2000

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2000
  • Reso Property Sub Type: Single Family Residence
  • Road Surface Type: Asphalt
  • Reso View: Water
  • Water Body Name: Banana River
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Banana River Drive Subd
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Roof:Shingle: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Breakfast Bar, Open Floorplan, Primary Bathroom - Tub with Shower, Primary Downstairs, Split Bedrooms
  • Flooring: Laminate
  • Appliances: Electric Range, Electric Water Heater
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Total Bedrooms: 4
  • ResoLivingAreaSource: PublicRecords
  • Appliances:Electric Water Heater: Yes
  • Interior Features:Primary Downstairs: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Open Floorplan: Yes
  • Interior Features:Breakfast Bar: Yes
  • Interior Features:Split Bedrooms: Yes

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Acres: 0.15
  • Waterfront Features: River Front
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: West
  • 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
  • Waterfront Features:River Front: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Detached
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 1.0
  • Parking Features:Detached: Yes

Utilities

  • Cooling: Central Air
  • Heating: Central
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Name: BANANA RIVER DRIVE SUBD
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No
  • General Property Information:Association Name: BANANA RIVER DRIVE SUBD

Schools

  • Middle Or Junior School: Jefferson

Lot Info

  • Lot Size Sq Ft: 6534.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2514520
  • Parcel #: 25-37-06-Cx-00000.0-0006.01
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 2291.3

MLS Schools

  • Elementary School: Tropical
  • High School: Merritt Island

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2022
Closed on
Jul 27, 2022
Sold by
Reed Robert J
Bought by
Gaglione Philippe
Seller's Agent
Gregory Loggins
Loggins Realty Inc
Buyer's Agent
Gregory Loggins
Loggins Realty Inc
List Price
$799,900
Sold Price
$615,000
Premium/Discount to List
-$184,900
-23.12%
Total Days on Market
12
Current Estimated Value
$629,098

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,098
Avg. Annual Appreciation
0.03%
Original Mortgage
$584,250
Outstanding Balance
$564,724
Interest Rate
5.78%
Mortgage Type
New Conventional
Estimated Equity
$50,719

Purchase Details

Closed on
Feb 15, 2000
Sold by
Currier Elwood L and Currier Mildred
Bought by
Reed Robert J and Reed Barbara R

Range of Values:

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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
Gaglione Philippe $615,000 Deleo & Burgett Pa
Reed Robert J $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gaglione Philippe $584,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2022 07/28/22 Sold $615,000 -12.1% $515 / Sq Ft
05/29/2022 05/29/22 Pending -- -- --
05/20/2022 05/20/22 Price Changed $699,900 -12.5% $586 / Sq Ft
05/16/2022 05/16/22 For Sale $799,900 -- $670 / 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 $7,430 $562,710 $300,000 $262,710
2022 $2,210 $180,760 $0 $0
2021 $2,291 $175,500 $0 $0
2020 $2,255 $173,080 $0 $0
2019 $2,202 $169,190 $0 $0
2018 $2,204 $166,040 $0 $0
2017 $2,222 $162,630 $0 $0
2016 $2,254 $159,290 $133,080 $26,210
2015 $2,312 $158,190 $120,990 $37,200
2014 $2,334 $156,940 $120,990 $35,950
Source: Public Records

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

MLS Number: 934948

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 25-37-06-CX-00000.0-0006.01