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$1,050,000

Beds
3
Baths
2.5
sq ft
2,720

225 Sykes Point Ln, Merritt Island, FL 32953

225 Sykes Point Ln

Merritt Island, FL 32953

  • 182 days on market
    • Price drop $50,000↓
NEW ROOF COMING UP! Experience luxurious waterfront living in the prestigious Villas de Palmas community in Sykes Cove. This exquisite home boasts an office space, engineered hardwood floors, and tall ceilings throughout. The kitchen features stainless steel appliances, a double oven, wine fridge, cook island, and granite counters. Cozy up by the gas fireplace in the family room, with quick access to the screened patio, pool/spa deck, and the ample paved sitting area on the canal. Retreat upstairs to the coastal charm of the loft/office and master suite, flooded with natural light and offering a private balcony overlooking the pool and waterfront. The spa-like master bath features a double sink vanity, soaking tub, walk-in shower, and his/her oversized walk-in closets. Enjoy water views from nearly every room, with quick access to Barge Canal, restaurants, Canaveral Locks, and groceries stores. Don't miss the chance to own this private paradise—schedule your showing today!

Details

Property type

Single Family Residence

Est. home value

$1,075,494

Property condition

Updated/Remodeled

Lot size

8,712 sq ft

Price per sq ft

$387

Year built

1994

Annual property taxes

$11,450.1

Monthly HOA fee

$45.83

Price History

07/05/2024
BrevardMLS

BrevardMLS #1009998

Listed
$1,050,000
06/26/2024
BrevardMLS

BrevardMLS #1009998

Pending
$1,050,000
05/10/2024
BrevardMLS

BrevardMLS #1009998

Price change
$1,050,000
-4.55%

Schools & Community

Elementary school: 

Carroll

Middle school: 

Jefferson

High school: 

Merritt Island

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

$714,754
Asking price
$1,050,000
Closing costs (~8% of asking)
-$84,000
Est. remaining loan balance
-$251,246
Cash to seller
$714,754

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

Seller’s Loan History

Lender

Nationstar Mortgage Llc

Loan start date

June 2022

Original loan amount

$260,000

Est. remaining balance

$251,246

Interest rate

5.1%

Loan type

New Conventional, 30 year

Seller

David C Bell and Lyndsey Bell

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: 10/04/2024 at 6:55 PM

Listing updated: 08/05/2024 at 12:13 PM

Listed by: Olivia Capizzi, Keller Williams Space Coast Phone #: (321) 450-5600

MLS: BrevardMLS #1009998

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