When was property at 507 Banyan Way built and last sold?

The property at 507 Banyan Way was built in 1958 and last sold on Nov 5, 2015 for $375,000.

How much is this home worth?

The estimated value of the home located at 507 Banyan Way is $409,050.

What are some comparable homes to 507 Banyan Way?

There are currently no comparable homes to 507 Banyan Way.

Melbourne Beach

32951

507 Banyan Way

Sold on Sep 8, 2014

Map

$310,000

● House - Off Market

507 Banyan Way

Melbourne Beach, FL 32951

4 Beds

3 Baths

2,104 Ft²

$608,646

RealtyHop Estimate

86.13%

Since Oct 1, 2014

National-US

Primary Model

About This Property

This mid century modern home is full of potential with its modern architecture accented with contemporary features. It is in a great location nestled between Melbourne Beach and the inter coastal waterway, close enough to walk to either. This home boasts 4 large bedrooms and 3 baths including an attached studio style in law suite with full kitchen, bath, separate air conditioning system, and indoor entrance as well as a separate outdoor entrance. This could be used as a great master suite. The terrazzo floors and wood beam ceilings are in great condition. There are new stainless steel appliances in the kitchen and sleek bathrooms with modern up to date style.

Unit Size

2,104 Ft²

Days on Market

Land Size

0.30 acres

Price per sqft

$155

Property Type

House

Property Taxes

$310

HOA Dues

Year Built

1958

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Last updated: 4 months ago (Space Coast MLS #691245)

Price History

Date / Event	Date	Event
Nov 10, 2015	Sold	Premium
Sold
Aug 28, 2015	Listed by Weichert REALTORS Hallmark Pro	$405,000
Listed by Weichert REALTORS Hallmark Pro
Sep 15, 2014	Sold	Premium
Sold
Mar 10, 2014	Listed by Weichert REALTORS Hallmark Pro	$327,000
Listed by Weichert REALTORS Hallmark Pro
Jan 3, 2014	Sold	Premium
Sold
May 3, 2013	Listed by Atlantic Real Estate Brokerage	$234,900
Listed by Atlantic Real Estate Brokerage

	Oh the possibilities! Fantastic beachside community, close to beach, awesome street. This home has sooo much potential. 3 bedroom, could be 4th bedroom or even an in-law suite. Tropical backyard with soon to be sparkling pool. This one is definitely worth checking out. This is a Fannie Mae Homepath property. Purchase this property with as little as 5% down. This property is approved for HomePath Mortgage Financing and HomePath Renovation Mortgage Financing.

Property Highlights

Garage

Air Conditioning

Building Info

Overview

General

Year Built: 1958

Effective Year Built: 1995
Building Count: 1
Bedroom Count: 4
Bathroom Count: 2
Full Bathrooms: 2
Partial Bathrooms: 2
Bathroom Plumbing Fixtures: 10
Building Condition: 0
Building Quality: 7
Construction Type: 12
Building Style: 0
Exterior Walls Type: 12
Interior Walls Type: 0
Roof Shape Type: 6
Roof Cover Type: 2
Floor Count: 100
Living Units: 1
Floor Cover: 0
Basement Type: 0
Basement Area: 0
Garage Type: 1
Garage Square Area: 504
Parking Space Count: 2
Patio Type: 69
Porch Type: 35
Pool Type: 8
Location Influence Type: 179

Dimensions

Lot Size Square Feet: 13,068

Lot Size Depth Feet: 1,150
Lot Size Frontage Feet: 1,130
Total Building Area: 3,472
Gross Building Area: 3,472
Building Area: 2,191
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 1

Heating: 3
Heated Square Feet: 2,191
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: ISLAND SHORES OF MELBOURNE BEACH
Land Acres: 0000000300
Standard Land Use Code: 1001
County Land Use Code: 0110
State Land Use Code: 001
Legal Description 1: ISLAND SHORES OF MELBOURNE BEACH LOT 5 BLK 3

Neighborhood

School District Name: Brevard County School District

Census Tract: 066101

Zoning

Zoning: 2RS

Geography

Assessors Map Reference: 327

Account Number: 2847020
Parcel: 28-38-06-75-00003.0-0005.00
Block: 3
Lot: 5
Meridian: SEC 06 TWN 28S RNG 38E
Municipality: MELBOURNE BEACH
Latitude: 28.0768
Longitude: -80.5668

Address

Full Address: 507 Banyan Way

Address - House Number: 507
Address - Street Name: Banyan
Address - Suffix Type: Way
State: FL
City Name: Melbourne Beach
Carrier Code: C001
4-Digit Zip Code: 2101
Zip Code: 32951

Valuation

Tax

Total Area: 2,727

Tax Year: 2022
Tax Amount: $461,125
Tax Rate Code Area: 34X0

Appraisal Valuation

Standard Deviation: 0.1969

Valuation Date: Jan 03, 2024
Confidence Score: 73
Final Value: 768,438
High Value: 919,750
Low Value: 617,126

Open Liens

Total Open Liens:

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Total Open Liens Amount:

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First Open Lien Mortgage Lender:

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First Open Lien Mortgage Recording Date:

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First Open Lien Mortgage Loan Amount:

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First Open Lien Mortgage Position:

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First Open Lien Mortgage Loan Due Date:

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Market Valuation

Market Total Value: $559,870

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $331,340

Exemptions

Homeowner Exemption: Yes

Sales

Current Sale Contract Date: Nov 05, 2015

Current Sale Recording Date: Nov 10, 2015
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 2015220237
Previous Sale Recording Date: Sep 15, 2014
Previous Sale Contract Date: Sep 08, 2014
Previous Sale Amount: $310,000
Previous Sale Document Type: 71

Last Sale Mortgage

First Mortgage Lender:

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First Mortgage Transaction Date:

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First Mortgage Loan Amount:

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First Mortgage Terms:

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First Mortgage Loan Due Date:

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Previous Mortgages

Previous Mortgage Lender:

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Previous Mortgage Transaction Date:

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Previous Mortgage Loan Amount:

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Previous Mortgage Term:

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Previous Mortgage Loan Due Date:

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Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Melbourne Beach

Stats & Trends

Median Asking:

$749,000

Sale Price/ft²

$413

Below Asking

0.02%

Average Days on Market

Average Home Size

2532 ft²

Average Home Age

51.2 years

Currently For Sale

26 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

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Unit for rent at 301 S Miramar Avenue, Indialantic, FL, 32903

$2,800 /mo

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2 Baths
1,176 ft²

301 S Miramar Avenue #304, Indialantic, FL, 32903 Listing by Jessica Fitzsimmons

Rentals Near You

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Listed by: Bradley Griffin, Weichert REALTORS Hallmark Pro
Last Updated: 4 months ago
Data Source: Space Coast MLS, MLS# 691245

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