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$550,000

Beds
3
Baths
2.0
sq ft
1,373

5539 Cord Grass Ln, Melbourne Beach, FL 32951

5539 Cord Grass Ln

Melbourne Beach, FL 32951

  • 4 days on market
This property is located in one of the most desired subdivisions in Melbourne Beach! This furnished coastal inspired home boasts beautiful creme colored kitchen cabinets, granite countertops with breakfast bar, hardwood flooring throughout. Split bedroom plan, spacious master bedroom has large bathroom, screened lanai, plus patio for soaking up the sun and barbequing! Community offers private beach access, Har-Tru tennis courts heated community pool, fishing pier, private boat lifts, dry boat storage, plus kayak/SUP launch. Active, friendly community with low HOA's. Enjoy the best of beachside living; ocean sunrises, and river sunsets await!

Details

Property type

Townhouse

Est. home value

$570,321

Lot size

4,356 sq ft

Price per sq ft

$401

Year built

1999

Annual property taxes

$5,778.33

Monthly HOA fee

$275

Price History

03/28/2025
BrevardMLS

BrevardMLS #1041558

Listed
$550,000
+19.57%
08/30/2021
BrevardMLS

BrevardMLS #908746

Sold
$460,000

Schools & Community

Elementary school: 

Gemini

Middle school: 

Hoover

High school: 

Melbourne

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

$275,750
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$230,250
Cash to seller
$275,750

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

Seller’s Loan History

Lender

Us Bank Na

Loan start date

August 2021

Original loan amount

$250,000

Est. remaining balance

$230,250

Interest rate

2.9%

Loan type

New Conventional, 30 year

Seller

Theodore L Tate Sr and Janice L Tate

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?

Status: Active

Tomo last checked: 04/02/2025 at 7:55 AM

Listing updated: 03/31/2025 at 11:30 AM

Listed by: Laura J Downey, Premium Properties Real Estate Phone #: (321) 372-7530

MLS: BrevardMLS #1041558

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