tomo logo

$693,000

Beds
4
Baths
3.0
sq ft
2,428

7115 Pena Ln, Melbourne, FL 32940

7115 Pena Ln

Melbourne, FL 32940

  • 35 days on market
    • Price drop $5,000↓
Welcome to this impeccably maintained Almeria floor plan in the highly sought-after Arrivas Village! Situated between the Duran Golf Club and The Avenue, Arrivas Village is a charming community featuring Spanish Colonial architecture, lush courtyards, and fantastic amenities including a community pool, dog park, and tot lot. This thoughtfully designed home boasts a unique floor plan with two spacious bedrooms on the main level and two more upstairs. Hurricane impact windows provide peace of mind on the second floor and the front of the first floor. The two-car garage, plus golf cart space, offers ample storage and features an epoxy-sealed floor. A covered lanai, equipped with power screens to keep the bugs at bay, is pre-plumbed for a summer kitchen, making it ideal for entertaining. Seller will contribute up to 1% of the selling price towards buyer's closing costs or rate buy down. Seller agrees to provide owner financing as an alternative to traditional financing options.

Details

Property type

Single Family Residence

Est. home value

$701,636

Lot size

6,098.4 sq ft

Price per sq ft

$286

Year built

2017

Monthly HOA fee

$222.33

Price History

03/31/2025
BrevardMLS

BrevardMLS #1038151

Price change
$693,000
-0.72%
02/24/2025
BrevardMLS

BrevardMLS #1038151

Listed
$698,000
+0.43%
05/13/2022
BrevardMLS

BrevardMLS #928072

Sold
$695,000

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

$42,272
Asking price
$693,000
Closing costs (~8% of asking)
-$55,440
Est. remaining loan balance
-$595,288
Cash to seller
$42,272

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

Seller’s Loan History

Lender

Dybn Financial Corp

Loan start date

May 2022

Original loan amount

$625,500

Est. remaining balance

$595,288

Interest rate

4.42%

Loan type

New Conventional, 30 year

Seller

Michael Grogan

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: 03/31/2025 at 6:05 PM

Listing updated: 03/31/2025 at 1:55 PM

Listed by: Milena Fernandes, Golden Group Realty LLC Phone #: (407) 990-5905

MLS: BrevardMLS #1038151

BrevardMLS logo

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