tomo logo

$550,000

Beds
3
Baths
2.0
sq ft
1,771

1327 Cypress Trace Dr, Melbourne, FL 32940

1327 Cypress Trace Dr

Melbourne, FL 32940

  • 1 day on market
SELLER OFFERING $10,000 BUYER CREDIT towards interest rate buy down or closing costs. Centrally located lakefront home in desirable Suntree Community of Cypress Trace. This spacious 3-bedroom , 2 bath home features an open floor plan w/ fireplace, vaulted ceilings, and lots of natural light. Tropical, tranquil lanai visible from almost every room offers a fabulous view of the saltwater pool & the lake. Waterproof vinyl & ceramic tile flooring throughout , quartz counters in both baths & granite counters in the kitchen & laundry. Extra large master bath w/ garden view. A custom wood deck just off master is ready & waiting for you to create your own private spa/oasis. Natural gas double oven range, gas tankless water heater, & gas barbeque hookup. New roof , water heater, pool in 2018. New A/C unit in 2023.

Details

Property type

Single Family Residence

Est. home value

$566,873

Lot size

9,583 sq ft

Price per sq ft

$311

Year built

1989

Annual property taxes

$2,451.1

Monthly HOA fee

$20.42

Price History

01/09/2025
BrevardMLS

BrevardMLS #1033772

Listed
$550,000
11/05/2024
BrevardMLS

BrevardMLS #1018072

Removed
$550,000
09/05/2024
BrevardMLS

BrevardMLS #1018072

Listed
$550,000

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

$288,237
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$217,763
Cash to seller
$288,237

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

Seller’s Loan History

Lender

Truist Bank

Loan start date

November 2020

Original loan amount

$240,000

Est. remaining balance

$217,763

Interest rate

2.9%

Loan type

New Conventional, 30 year

Seller

Linda Josephine Oconnell and Richard Joseph Oconnell

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: Active

Tomo last checked: 01/10/2025 at 12:50 AM

Listing updated: 01/09/2025 at 3:45 PM

Listed by: Linda Josephine OConnell, Weichert REALTORS Hallmark Pro Phone #: (321) 327-2993

MLS: BrevardMLS #1033772

BrevardMLS logo

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