tomo logo

$799,900

Beds
4
Baths
3.5
sq ft
2,700

1987 Highland Ave, Melbourne, FL 32935

1987 Highland Ave

Melbourne, FL 32935

  • 79 days on market
A MIXED-USE 4/3.5 SINGLE FAMILY CUSTOM POOL HOME IN THE HISTORIC EAU GALLIE ARTS DISTRICT...BUILT IN 2013!!! This home surprises everyone who walks through the door! It offers the most unique spacious layout nestled amongst a myriad of homes built mostly between the 1800's and the 1960's, is one block from new construction selling at $2.3M, one mile from Downtown EGAD, and 4 miles to the beach. No other property like this exists! A true split floorplan, two en suites are at separate corners of the home and two other bedrooms are on the other side with a common bath dividing them. There is also a 1/2 bath with pool access and a very large second floor room (not accounted for in SF) that can be finished as a 5th bedroom, loft, or simply storage. As you enter, the front room offers formal living and dining or workspace before an arched entry leads you to a HUGE center room with open kitchen, casual dining, and living space overlooking the backyard with large pool. Gorgeous inside!!

Details

Property type

Single Family Residence

Est. home value

$585,081

Property condition

Updated/Remodeled

Lot size

8,712 sq ft

Price per sq ft

$297

Year built

2013

Price History

10/04/2024
BrevardMLS

BrevardMLS #1023988

Price change
$799,900
+3.21%
09/19/2024
BrevardMLS

BrevardMLS #1023988

Price change
$775,000
-0.36%
09/05/2024
BrevardMLS

BrevardMLS #1023988

Listed
$777,777
-2.77%

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

$172,980
Asking price
$799,900
Closing costs (~8% of asking)
-$63,992
Est. remaining loan balance
-$562,928
Cash to seller
$172,980

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

Seller’s Loan History

Lender

Barrett Financial Group Llc

Loan start date

July 2023

Original loan amount

$571,425

Est. remaining balance

$562,928

Interest rate

6.57%

Loan type

New Conventional, 30 year

Seller

Karen D Lafon

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: 11/23/2024 at 10:20 AM

Listing updated: 11/12/2024 at 6:32 PM

Listed by: Kate Flack, LPT Realty LLC Phone #: (877) 366-2213

MLS: BrevardMLS #1023988

BrevardMLS logo

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