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$1,750,000

Beds
4
Baths
2.5
sq ft
2,614

516 Barrello Ln, Cocoa Beach, FL 32931

516 Barrello Ln

Cocoa Beach, FL 32931

  • 84 days on market
    • Price drop $125,000↓
Listed at appraised value! Experience the pinnacle of Cocoa Beach living with this exquisite 4-bedroom, 2.5-bathroom, 2614 sf riverfront pool home, where luxury and convenience seamlessly blend. This move-in ready gem is situated on 180 ft of Banana River frontage along an 80 ft deep grand canal, offering unobstructed, breathtaking views that make every day feel like a tropical retreat. Picture yourself enjoying sunsets, watching dolphins, and marveling at rocket launches from your backyard, complete with a new 70-year vinyl seawall with concrete tiebacks, adjacent to a brand-new boathouse featuring a 13,000 lb remote-controlled boat lift. Inside, discover a newly renovated kitchen with a custom island, cabinetry, quartz countertops, a farmhouse sink, and prep sink with a custom cutting board, all accented by LVP flooring. The open-concept dining and living room spaces amplify the home's airy atmosphere. This versatile residence is ideal for families desiring the ultimate riverfront lifestyle or investors eager to capitalize on Cocoa Beach's charm. Just a short walk away, immerse yourself in beautiful shores, fine dining, and lively entertainment, allowing you to enjoy the active Florida lifestyle year-round!

Details

Property type

Single Family Residence

Est. home value

$1,254,638

Lot size

0.41 acres

Price per sq ft

$670

Year built

1962

Annual property taxes

$12,352.8

Price History

09/27/2024
BrevardMLS

BrevardMLS #1023378

Price change
$1,750,000
-6.67%
09/05/2024
BrevardMLS

BrevardMLS #1023378

Listed
$1,875,000
+50.6%
07/01/2022
BrevardMLS

BrevardMLS #931925

Sold
$1,245,000
+24.5%

Schools & Community

Elementary school: 

Cape View

Middle school: 

Cocoa Beach

High school: 

Cocoa Beach

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

$407,069
Asking price
$1,750,000
Closing costs (~8% of asking)
-$140,000
Est. remaining loan balance
-$1,202,931
Cash to seller
$407,069

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

Seller’s Loan History

Lender

Lake Michigan Cu

Loan start date

July 2022

Original loan amount

$1,245,000

Est. remaining balance

$1,202,931

Interest rate

5.3%

Loan type

New Conventional, 30 year

Seller

Nellena M Haskell and Tyler G Haskell

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?

Similar Homes Nearby

Price drop
StellarMLS
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Status: Active

Tomo last checked: 11/19/2024 at 8:25 AM

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

Listed by: Michael P. Lindley, Denovo Realty Phone #: (321) 237-1887

MLS: BrevardMLS #1023378

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