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$543,192Estimated home value

Beds
2
Baths
2.0
sq ft
1,668

1208 River Dr Unit 202, Melbourne, FL 32901

1208 River Dr Unit 202

Melbourne, FL 32901

  • Sold On 7/12/2021
Gated Captains Cove where Waterfront meets Downtown living! Partially updated condo includes TWO DEEDED BOAT SLIPS w/ boat lift! Use 1 slip & rent the other to cover your HOA Dues. Private garage & 1 open spot. Unit enters at ground level, so there is no need for stairs or elevator to your unit. Located on wind protected Melbourne Harbor adjacent to the Melbourne Yacht Club and easy walk to Historic Downtown Melbourne w/ample choices of dining, shopping & entertainment. Convenient 5 mins to beaches & Melbourne Int'l Airport. Very close to major technology employers. Spend your free moments watching sailboats and dolphins as they swim in and out of the harbor! Fantastic views of the city & beautiful Marina from your oversized Patio. Live the good life today! Will not last, so hurry!

Details

Property type

Condominium

Est. home value

$543,192

Lot size

Unknown

Price per sq ft

$282

Year built

1984

Annual property taxes

$5,313.78

Monthly HOA fee

$570

Price History

12/30/2024
BrevardMLS

BrevardMLS #1001052

Removed
$629,000
04/16/2024
BrevardMLS

BrevardMLS #1001052

Price change
$629,000
-3.08%
01/10/2024
BrevardMLS

BrevardMLS #1001052

Listed
$649,000
+44.22%

Schools & Community

Elementary school: 

University Park

Middle school: 

Stone

High school: 

Melbourne

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

$38,415
Asking price
$470,000
Closing costs (~8% of asking)
-$37,600
Est. remaining loan balance
-$393,985
Cash to seller
$38,415

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

Seller’s Loan History

Lender

Loanleaders Of America Inc

Loan start date

July 2021

Original loan amount

$427,500

Est. remaining balance

$393,985

Interest rate

2.95%

Loan type

New Conventional, 30 year

Seller

Amy Lee Kim

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?

Status: Off Market

Tomo last checked: 02/16/2025 at 8:20 PM

Listing updated: 10/13/2024 at 12:57 AM

Listed by: Grayling Garat Oates, Engel & Voelkers Melb Downtown Phone #: (321) 254-5275

MLS: BrevardMLS #896371

BrevardMLS logo

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