tomo logo

$450,000

Beds
4
Baths
2.0
sq ft
2,997

661 Cocoanut Grove Ave, Melbourne, FL 32904

661 Cocoanut Grove Ave

Melbourne, FL 32904

  • 23 days on market
    • Price drop $25,000↓
Country home in the heart of Melbourne. Located on half an acre, nestled off Sheridan Road. Expansive 3000 SF home, large master suit with very spacious walk in closet. Home features, formal dining room, large recently remodeled kitchen, with two ovens, large laundry room, large office, formal living room, family room, and bonus living room/game room. New a/c in 2021. New master bedroom split in 2024 along with new carpet. New LVP throughout. Fire pit in the backyard and 1000 foot detached garage/barn. Front porch where you can sit and relax at home. Isolated country feel while still being close to shopping, restaurants and schools. Come view today!

Details

Property type

Single Family Residence

Est. home value

$496,428

Lot size

0.54 acres

Price per sq ft

$151

Year built

1964

Annual property taxes

$5,469.25

Price History

12/13/2024
BrevardMLS

BrevardMLS #1030873

Price change
$450,000
-5.26%
11/29/2024
BrevardMLS

BrevardMLS #1030873

Listed
$475,000
+90%
12/27/2016
BrevardMLS

BrevardMLS #767988

Sold
$250,000

Schools & Community

Elementary school: 

Roy Allen

Middle school: 

Central

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

$199,751
Asking price
$450,000
Closing costs (~8% of asking)
-$36,000
Est. remaining loan balance
-$214,249
Cash to seller
$199,751

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

Seller’s Loan History

Lender

Alkan Mortgage Corp

Loan start date

December 2016

Original loan amount

$258,250

Est. remaining balance

$214,249

Interest rate

3.57%

Loan type

VA, 30 year

Seller

Donald James Bisesi and Jeanne Eileen Bisesi

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: 12/22/2024 at 5:15 AM

Listing updated: 12/13/2024 at 2:25 PM

Listed by: Leigh Hinton, Blue Marlin Real Estate Phone #: (321) 877-2902

MLS: BrevardMLS #1030873

BrevardMLS logo

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