tomo logo

$425,000

Beds
2
Baths
2.0
sq ft
1,033

5585 Cord Grass Ln, Melbourne Beach, FL 32951

5585 Cord Grass Ln

MELBOURNE BEACH, FL 32951

  • 37 days on market
    • Price drop $25,000↓
Now is the time to get this wonderful opportunity before it is gone! This is a rare opportunity for you to own a townhome located in a beach community! Situated in the middle of desirable South Shores. You will walk into this open floor plan with two bedrooms and two baths home that has been well kept. The kitchen has stainless appliances, skylight for added light! Tile in the main living area and vinyl in the bedrooms. These townhomes feature tile roofs, the outside AC unit was new in 2020 and hurricane shutters for all openings. The community has a perfect spot to watch rocket launches at the deeded beach access. Whether you are here year round or this will be your vacation home, this community has the added safety feature of being gated. Also in the community you will find a pier that is second to none and is great for fishing, and memorable sunsets. There is boat storage, clay tennis courts, playground, deeded beach access, and a community pool with restrooms, covered sitting area, and kitchen. Don't let this opportunity pass you by!

Details

Property type

Condominium

Est. home value

$460,399

Lot size

3,049 sq ft

Price per sq ft

$412

Year built

1999

Annual property taxes

$4,216.29

Monthly HOA fee

$275

Price History

08/27/2024
StellarMLS

StellarMLS #FC303034

Price change
$425,000
-5.56%
08/13/2024
StellarMLS

StellarMLS #FC303034

Listed
$450,000
+25%
07/30/2021
BrevardMLS

BrevardMLS #904659

Sold
$360,000
+60%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Playground, Pool, Tennis Court(s)

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

$71,863
Asking price
$425,000
Closing costs (~8% of asking)
-$34,000
Est. remaining loan balance
-$319,137
Cash to seller
$71,863

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

Seller’s Loan History

Lender

Meadowbrook Fincl Mtg Bankers Corp

Loan start date

July 2021

Original loan amount

$342,000

Est. remaining balance

$319,137

Interest rate

2.96%

Loan type

New Conventional, 30 year

Seller

Thomas F Broomall Jr and Donna Broomall

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: 09/19/2024 at 12:15 PM

Listing updated: 09/18/2024 at 3:11 PM

Listed by: Mindy Melendez, EAZ REALTY LLC Phone #: (386) 585-4833

MLS: StellarMLS #FC303034

StellarMLS logo

Recently listed in MELBOURNE BEACH