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$622,564Estimated home value

Beds
4
Baths
2.0
sq ft
1,740

1060 Montego Bay Dr N, Merritt Island, FL 32953

1060 Montego Bay Dr N

Merritt Island, FL 32953

  • Sold On 10/18/2024
The Island Life is calling, ring ring! Large boats welcome with a deep water & wide canal. Prepare to fall in love with this tropical retreat full of Merritt Island charm. WATER VIEWS from almost every room. 4 BED, 2 bath POOL home w/ dock and boat lift. Fan favorite VOLLEYBALL POOL wtih 3.5' depth at ends and 6' in the middle. Enjoy easy boating to Sykes Creek, Banana River, Barge Canal and the Atlantic Ocean. VINTAGE 1965 Boston Whaler can also be yours, perhaps for a river cruise on your closing day! Seawall (2021) HVAC (2023) Large IMPACT WINDOWS on east side of home. RV PAD w/ electric hook-up. Beautiful home FURNITURE is NEGOTIABLE. Celebrate the holidays every year enjoying Merritt Island's Boat Parade pass not once, but twice behind your home. The Holiday Party everyone wants an invite to! Close proximity to Kennedy Space Center, BEACHES and Orlando International airport. Live your best life, the Island Life suits you!

Details

Property type

Single Family Residence

Est. home value

$622,564

Lot size

8,712 sq ft

Price per sq ft

$386

Year built

1965

Annual property taxes

$3,079.04

Price History

10/18/2024
BrevardMLS

BrevardMLS #1025313

Sold
$660,000
-1.49%
09/25/2024
BrevardMLS

BrevardMLS #1025313

Pending
$670,000
09/20/2024
BrevardMLS

BrevardMLS #1025313

Listed
$670,000
+111.36%

Schools & Community

Elementary school: 

Audubon

Middle school: 

Jefferson

High school: 

Merritt Island

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$353,875
Asking price
$670,000
Closing costs (~8% of asking)
-$53,600
Est. remaining loan balance
-$262,525
Cash to seller
$353,875

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Freedom Mortgage Corp

Loan start date

December 2020

Original loan amount

$287,844

Est. remaining balance

$262,525

Interest rate

2.81%

Loan type

VA, 30 year

Seller

Miner C Pedersen and Dena L Pedersen

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Off Market

Tomo last checked: 11/10/2024 at 2:10 AM

Listing updated: 10/18/2024 at 4:22 PM

Listed by: Julie M. Williams, Coastal Life Properties LLC Phone #: (321) 633-2313

MLS: BrevardMLS #1025313

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