tomo logo

$260,000

Beds
3
Baths
1.5
sq ft
1,200

1586 Timber Way, Melbourne, FL 32935

1586 Timber Way

Melbourne, FL 32935

  • 138 days on market
    • Price drop $25,000↓
Quaint Florida residence with 3 bedrooms, 1.5 baths, and a spacious family room. Enjoy relaxing on the large screened porch or in the private backyard surrounded by lush landscaping, trees, and tropical plants. The oversized pool offers plenty of space to swim and unwind, providing a resort-like feel in your own backyard. Located in a quiet neighborhood, the community features a playground and easy access to a nearby creek with a small kayak/canoe ramp leading to the scenic Indian River. A perfect place to call home!

Details

Property type

Single Family Residence

Est. home value

$283,274

Lot size

9,148 sq ft

Price per sq ft

$217

Year built

1955

Annual property taxes

$3,684.33

Price History

02/28/2025
BrevardMLS

BrevardMLS #1027222

Price change
$260,000
-8.77%
02/21/2025
BrevardMLS

BrevardMLS #1027222

Price change
$285,000
+5.56%
01/16/2025
BrevardMLS

BrevardMLS #1027222

Pending
$270,000

Schools & Community

Elementary school: 

Creel

Middle school: 

Johnson

High school: 

Eau Gallie

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

$135,965
Asking price
$260,000
Closing costs (~8% of asking)
-$20,800
Est. remaining loan balance
-$103,235
Cash to seller
$135,965

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

Seller’s Loan History

Lender

Pnc Bank Na

Loan start date

July 2020

Original loan amount

$114,442

Est. remaining balance

$103,235

Interest rate

3.21%

Loan type

New Conventional, 30 year

Seller

Vickie Arlene Martin

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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2433 Allan Adale Rd, Melbourne, FL 32935

Status: Active

Tomo last checked: 03/03/2025 at 11:20 PM

Listing updated: 03/01/2025 at 1:30 PM

Listed by: Jennifer E Weatherholt, One Sotheby's International Phone #: (321) 984-3135

MLS: BrevardMLS #1027222

BrevardMLS logo

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