tomo logo

$570,000

Beds
4
Baths
2.0
sq ft
2,182

1116 Cypress Trace Dr, Melbourne, FL 32940

1116 Cypress Trace Dr

Melbourne, FL 32940

  • 17 days on market
    • Price drop $15,000↓
Tired of touring homes that need endless updates? This 4 bdrm waterfront gem in the heart of Suntree is ready for you! The beautifully updated kitchen is the focal point of the open floorplan. It features high-end granite, a gas stove, 2 ovens, 2 pantries, pull-out shelves, newer stainless appliances and a farmhouse sink. The kitchen nook and covered lanai overlook the picturesque landscaping and waterway where you can launch your kayak for a peaceful paddle all the way to the Interlachen park. New bathroom vanities, fixtures and shower enclosures. Tile throughout for easy maintenance. Located on a quiet cul-de-sac with paver driveway and oversized 2 car garage. Roof 2019, A/C 2021 with new ductwork and attic insulation, transferrable termite bond, and storm shutters for peace of mind. Forget the fixer-uppers and schedule your tour today!

Details

Property type

Single Family Residence

Est. home value

$585,217

Property condition

Updated/Remodeled

Lot size

9,583 sq ft

Price per sq ft

$262

Year built

1992

Annual property taxes

$3,658.68

Monthly HOA fee

$5

Price History

09/06/2024
BrevardMLS

BrevardMLS #1023602

Price change
$570,000
-2.56%
08/30/2024
BrevardMLS

BrevardMLS #1023602

Listed
$585,000
+62.95%
08/28/2020
BrevardMLS

BrevardMLS #878224

Sold
$359,000
+31.02%

Schools & Community

Elementary school: 

Suntree

Middle school: 

DeLaura

High school: 

Viera

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

$278,576
Asking price
$570,000
Closing costs (~8% of asking)
-$45,600
Est. remaining loan balance
-$245,824
Cash to seller
$278,576

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

Seller’s Loan History

Lender

Dybn Financial Corp

Loan start date

August 2020

Original loan amount

$269,250

Est. remaining balance

$245,824

Interest rate

3.03%

Loan type

New Conventional, 30 year

Seller

Sally J Mallow and Jeffrey R Ewald

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: Active

Tomo last checked: 09/16/2024 at 12:25 PM

Listing updated: 09/16/2024 at 2:41 AM

Listed by: Laura Forman, RE/MAX Aerospace Realty Phone #: (321) 631-5511

MLS: BrevardMLS #1023602

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