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$480,000

Beds
3
Baths
3.0
sq ft
1,743

540 S Banana River Dr Unit 305, Merritt Island, FL 32952

540 S Banana River Dr Unit 305

Merritt Island, FL 32952

  • 50 days on market
    • Price drop $5,000↓
Your island lifestyle awaits you at this fantastic condo in a gated oasis offering lush tropical landscaping with a Key West vibe. The bright, spacious living area & tile flooring throughout seamlessly harmonize with its breathtaking backdrop. Each of the 3 large bedrooms enjoys a full & private en-suite bathroom. Through sliders from the living room & master suite, unveils serene views of the river, providing the perfect place to immerse yourself in the ambiance while dolphins & manatees visit the marina. You will also have front row seats to watch the rockets launch over the river from your front balcony. This established community w/poolside social events & activities will make you feel right at home! Amenities also include spa, sauna & gym. Boat slips may be available for purchase/rent. Two garage parking spots, extra storage room in the garage & on patio. Investors take note-this unit has great rental income opportunities w/ 3-month minimum. New HVAC in 2020!

Details

Property type

Condominium

Est. home value

$449,786

Lot size

871.2 sq ft

Price per sq ft

$276

Year built

2005

Monthly HOA fee

$908

Price History

06/20/2024
BrevardMLS

BrevardMLS #1014293

Price change
$480,000
-1.03%
05/17/2024
BrevardMLS

BrevardMLS #1014293

Listed
$485,000
+11.49%
04/12/2024
BrevardMLS

BrevardMLS #1007836

Sold
$435,000
-7.43%

Schools & Community

Neighborhood: 

Angel City

Elementary school: 

Tropical

Middle school: 

Jefferson

High school: 

Merritt Island

Community features: 

Pool

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Suntrust Mortgage Inc

Loan start date

May 2006

Original loan amount

$72,000

Est. remaining balance

Not provided

Interest rate

8.36%

Loan type

Fannie Mae/Freddie Mac, 30 year

Seller

James J Ottenbacher and Kantirat Ottenbacher

Lender

Suntrust Mortgage Inc

Loan start date

May 2006

Original loan amount

$288,000

Est. remaining balance

Not provided

Interest rate

6.87%

Loan type

Fannie Mae/Freddie Mac, 30 year

Seller

James Ottenbacher and Kantirat Ottenbacher

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: 07/05/2024 at 9:10 PM

Listing updated: 06/23/2024 at 12:16 PM

Listed by: Chelsea Lauren West, Keller Williams Realty Brevard Phone #: (321) 259-1170

MLS: BrevardMLS #1014293

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