When was property at 516 Banyan Way built and last sold?

The property at 516 Banyan Way was built in 1974 and last sold on Jun 8, 2015 for $376,000.

How much is this home worth?

The estimated value of the home located at 516 Banyan Way is $0.

What are some comparable homes to 516 Banyan Way?

There are currently no comparable homes to 516 Banyan Way.

Melbourne Beach

32951

River Colony Northwest

516 Banyan Way

Sold on Jun 8, 2015

Map

$375,000

● House - Off Market

516 Banyan Way

Melbourne Beach, FL 32951

3 Beds

2 Baths

2,108 Ft²

$711,960

RealtyHop Estimate

78.03%

Since Jul 1, 2015

National-US

Primary Model

About This Property

Completely remodeled Melbourne Beach home with 500 square foot addition. Brand new High impact double pane windows and slider. Exquisite granite with posh cherry cabinets in the kitchen with high end stainless steel appliances. Master bedroom suite with office and his/her closets. Amazing triple head over sized walk in shower with custom listello tile. Brand new tile and hardwood laminate flooring throughout. 350 sqft brick paver patio. Walking distance to beach. Very desirable Melbourne Beach location.

Unit Size

2,108 Ft²

Days on Market

84 days

Land Size

0.28 acres

Price per sqft

$190

Property Type

House

Property Taxes

$323

HOA Dues

Year Built

1974

Payment Calculator

Cap Rate Calculator

Last updated: 3 months ago (Space Coast MLS #720169)

Price History

Date / Event	Date	Event
May 6, 2022	Sold	Premium
Sold
Jun 17, 2015	Sold	Premium
Sold
Mar 11, 2015	Listed by EXIT 1st Class Realty	$399,900
Listed by EXIT 1st Class Realty
Aug 29, 2014	Sold	Premium
Sold
Apr 17, 2014	Listed by EXIT 1st Class Realty	$240,000
Listed by EXIT 1st Class Realty

Property Highlights

Garage

Air Conditioning

Building Info

Overview

General

Year Built: 1974

Effective Year Built: 2000
Building Count: 1
Bedroom Count: 3
Bathroom Count: 3
Full Bathrooms: 2
Partial Bathrooms: 3
Bathroom Plumbing Fixtures: 8
Building Condition: 0
Building Quality: 7
Construction Type: 12
Building Style: 0
Exterior Walls Type: 12
Interior Walls Type: 0
Roof Shape Type: 7
Roof Cover Type: 15
Floor Count: 100
Living Units: 1
Floor Cover: 0
Basement Type: 0
Basement Area: 0
Garage Type: 1
Garage Square Area: 506
Parking Space Count: 2
Patio Type: 0
Porch Type: 126
Pool Type: 8
Location Influence Type: 179

Dimensions

Lot Size Square Feet: 12,197

Lot Size Depth Feet: 1,200
Lot Size Frontage Feet: 1,030
Total Building Area: 2,704
Gross Building Area: 2,704
Building Area: 2,135
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 0

Heating: 4
Heated Square Feet: 2,135
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: RIVER COLONY NORTHWEST SECTION
Land Acres: 0000000280
Standard Land Use Code: 1001
County Land Use Code: 0110
State Land Use Code: 001
Legal Description 1: RIVER COLONY NORTHWEST SECTION LOT 9A BLK 2

Neighborhood

School District Name: Brevard County School District

Census Tract: 066101

Zoning

Zoning: 1RS

Geography

Assessors Map Reference: MB 17 PG 56

Account Number: 2847352
Parcel: 28-38-06-80-00002.0-0000.9A
Block: 2
Lot: 9A
Meridian: SEC 06 TWN 28S RNG 38E
Municipality: MELBOURNE BEACH
Latitude: 28.0772
Longitude: -80.5682

Address

Full Address: 516 Banyan Way

Address - House Number: 516
Address - Street Name: Banyan
Address - Suffix Type: Way
State: FL
City Name: Melbourne Beach
Carrier Code: C001
4-Digit Zip Code: 2102
Zip Code: 32951

Valuation

Tax

Total Area: 2,026

Tax Year: 2022
Tax Amount: $687,392
Tax Rate Code Area: 34X0

Appraisal Valuation

Standard Deviation: 0.1809

Valuation Date: Jan 03, 2024
Confidence Score: 76
Final Value: 803,859
High Value: 949,308
Low Value: 658,410

Open Liens

Total Open Liens:

Premium

Total Open Liens Amount:

Premium
First Open Lien Mortgage Lender:

Premium
First Open Lien Mortgage Recording Date:

Premium
First Open Lien Mortgage Financing Type:

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First Open Lien Mortgage Loan Amount:

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First Open Lien Mortgage Term:

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First Open Lien Mortgage Position:

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First Open Lien Mortgage Loan Type:

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First Open Lien Mortgage Loan Due Date:

Premium

Market Valuation

Market Total Value: $595,710

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $476,820

Sales

Current Sale Contract Date: Jun 08, 2015

Current Sale Recording Date: Jun 17, 2015
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 2015120036
Previous Sale Recording Date: Aug 29, 2014
Previous Sale Contract Date: Aug 27, 2014
Previous Sale Amount: $227,000
Previous Sale Document Type: 71

Last Sale Mortgage

First Mortgage Lender:

Premium

First Mortgage Transaction Date:

Premium
First Mortgage Loan Amount:

Premium
First Mortgage Terms:

Premium
First Mortgage Loan Type:

Premium
First Mortgage Loan Due Date:

Premium

Financing

First Mortgage Financing Type: ADJ

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

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Comparables

About River Colony Northwest

Stats & Trends

Median Asking:

Sale Price/ft²

Above Asking

0.00%

Average Days on Market

Average Home Size

0 ft²

Average Home Age

2026 years

Currently For Sale

0 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

Nearby Rentals

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$2,300 /mo

1 Bed
1 Bath
580 ft²

210 6th Avenue #1, Indialantic, FL, 32903 Listing by Scott M Bouchard

Unit for rent at 1706 Atlantic Street, Melbourne Beach, FL, 32951

$2,300 /mo

2 Beds
2 Baths
1,575 ft²

1706 Atlantic Street #3B, Melbourne Beach, FL, 32951 Listing by Eric S Van Dam

Unit for rent at 1700 Atlantic Street, Melbourne Beach, FL, 32951

$2,250 /mo

2 Beds
2 Baths
1,120 ft²

1700 Atlantic Street #1, Melbourne Beach, FL, 32951 Listing by Jody V Donnelly

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Kristy Patjens, EXIT 1st Class Realty
Last Updated: 3 months ago
Data Source: Space Coast MLS, MLS# 720169

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.