tomo logo

$439,000

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

  • 32 days on market
Your island lifestyle awaits in this gated, Key West-inspired community surrounded by lush tropical landscaping. This top-floor, 3-bedroom condo features three full en-suite bathrooms, tile floors, high ceilings, serene river views from the living room and master suite, and a private balcony with extra storage—perfect for spotting dolphins and manatees. Additional storage is also included in the garage. Enjoy the fantastic amenities at Marina Village, including a heated pool, sauna, gym, boat ramp, and social events. Boat slips may be available for purchase or rent. This condo comes with two garage parking spots and is conveniently located near the beach, shopping, dining, and just 50 minutes from Orlando Airport.. Investor-friendly with great rental potential (3-month minimum). New HVAC (2020). HOA covers water, sewer, landscaping, trash, maintenance, and insurance. Don't miss this slice of paradise!

Details

Property type

Condominium

Est. home value

$449,786

Lot size

871 sq ft

Price per sq ft

$252

Year built

2005

Monthly HOA fee

$908

Price History

11/22/2024
BrevardMLS

BrevardMLS #1030357

Listed
$439,000
-2.23%
11/18/2024
BrevardMLS

BrevardMLS #1014293

Removed
$449,000
10/02/2024
BrevardMLS

BrevardMLS #1014293

Price change
$449,000
-5.27%

Schools & Community

Neighborhood: 

Angel City

Elementary school: 

Tropical

Middle school: 

Jefferson

High school: 

Merritt Island

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: 12/23/2024 at 8:10 PM

Listing updated: 11/23/2024 at 7:05 AM

Listed by: Barbara I Guest, RE/MAX Aerospace Realty Phone #: (321) 631-5511

MLS: BrevardMLS #1030357

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