tomo logo

$880,000

Beds
5
Baths
4.5
sq ft
3,446

7072 Mercado Ln, Melbourne, FL 32940

7072 Mercado Ln

Melbourne, FL 32940

  • 10 days on market
Welcome to this stunning 5-bedroom, 4.5-bathroom home nestled in the highly sought-after Arrivas Village community of Viera! This Spanish-style beauty offers an ideal blend of elegance, comfort, and modern convenience, perfect for those seeking a vibrant and upscale lifestyle. This Mecina Model with an oversized courtyard area boasts an open-concept floor plan with high ceilings, elegant finishes, and abundant natural light. The gourmet kitchen has upgraded granite countertops, stainless steel appliances and spacious island. The first-floor primary suite provides a private retreat with a soaking tub, and a walk-in shower. Upstairs, you'll find four additional bedrooms, including a secondary suite with its own private bath, perfect for guests or multi-generational living. Enjoy the Florida lifestyle with a beautifully designed courtyard and upstairs balcony overlooking the lake. The home also features a two-car garage, plus a golf cart garage with a rear-entry design.

Details

Property type

Single Family Residence

Est. home value

$884,011

Lot size

6,970 sq ft

Price per sq ft

$256

Year built

2019

Annual property taxes

$8,763.28

Monthly HOA fee

$239

Price History

03/13/2025
BrevardMLS

BrevardMLS #1039410

Listed
$880,000
+49.15%
12/18/2020
BrevardMLS

BrevardMLS #885729

Sold
$590,000

Schools & Community

Elementary school: 

Quest

Middle school: 

Kennedy

High school: 

Viera

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

$381,926
Asking price
$880,000
Closing costs (~8% of asking)
-$70,400
Est. remaining loan balance
-$427,674
Cash to seller
$381,926

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

Seller’s Loan History

Lender

Nationstar Mortgage Llc

Loan start date

December 2020

Original loan amount

$472,000

Est. remaining balance

$427,674

Interest rate

2.81%

Loan type

New Conventional, 30 year

Seller

Philip Roy Stickland and Denise A Stickland

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: 03/13/2025 at 7:40 AM

Listing updated: 03/13/2025 at 3:20 AM

Listed by: Cynthia Lynn Young, Real Broker, LLC Phone #: (855) 450-0442

MLS: BrevardMLS #1039410

BrevardMLS logo

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