7 months on rocket

475 S Banana River Dr, Merritt Island, FL, 32952

$350,000

Home List Price

$4,156*

Closing Credit

3 Bedrooms
1 Full Bath
792 SqFt
$442/SqFt
House

Location

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475 S Banana River Dr, Merritt Island$350,000

Buyer Closing Credits

$4,156*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAdditional Parking, Other
Year Built1950
HeatingCentral, Electric
CoolingCentral Air, Electric
ViewCanal, River, Trees/Woods, Water
MLS #1014264
Lot Size0.17 Acres
StatusActive

About 475 S Banana River Dr

Cottage-style, 3-bedroom home in an ideal location in the New Found Harbor area! No HOA makes it a great option for year-round living, vacation rentals, or investment properties like Airbnb. This home features many recent updates, including a new metal roof (2021), new hurricane impact windows (2024), a new AC unit (2024), & a remodeled bathroom (2023). The large fenced-in yard provides privacy, & the property is located directly across from the Banana River, offering beautiful water views & stunning sunrises. It also abuts a canal. Enjoy the screened-in back porch and a bright, open floor plan with tile throughout. The kitchen offers ample space for cooking & entertaining. Conveniently located close to all aerospace companies, a new Health First Hospital being built, schools, restaurants, & shopping options Merritt Island Mall, Walmart, Publix & Home Depot. Many new developments are underway on Merritt Island. Just 8 minutes over the causeway to Cocoa Beach, & short drive to Orlando.

Property Details

Property Features

Property Information:

  • Architectural Style: Cottage
  • Year Built: 1950
  • Stories: 1
  • Living Area: 792 SqFt

Listing Office:

  • Office Name: Better Homes & Gardens RE Star
  • Office Phone: (321) 868-5555
  • Listing Agent: Patricia J Beaulieu

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Electric Range, Electric Water Heater, Refrigerator, Washer
  • Flooring Type: Tile
  • Interior: Ceiling Fan(s), Open Floorplan, Primary Bathroom - Tub with Shower

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • View: Canal, River, Trees/Woods, Water

Parking Information:

  • Attached Garage: No
  • Parking: Additional Parking, Other

Virtual/3D Tour

  • Virtual Tour: 475 S Banana River Dr
Virtual Tour

Lot Features

Lot Information:

  • Lot: Cleared, Few Trees
  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Electric

Other

Directions Information:

  • Directions: 520 to S Banana River Drive, turn South. Drive 1/2 mile South house will be on right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $350,000
  • Price Per SqFt: $442/SqFt

Tax Information:

  • Annual Amount: $1,419
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Merritt Island, FL.

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Merritt Island, FL

City

Med. Sold Price

$475K

Med. Price/SqFt

$249

Avg. Days On Market

72

# of Sold Homes

35

475 S Banana River Dr vs Merritt Island

214 DAYS ON ROCKET

+142 Days

$350,000

-$125K Less

$442/SqFt

+$193 More

KEY TAKEAWAY

This property is $125K less than the Median Sold Price and $193/SqFt more than other homes in Merritt Island, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Space Coast MLS (Space Coast Association of REALTORS®)
  • MLS Number: #1014264

Listing Office:

  • Office Name: Better Homes & Gardens RE Star
  • Office Phone: (321) 868-5555
  • Listing Agent: Patricia J Beaulieu

IDX Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/17/2024, 11:51:06 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 09, 2020Home Sold
$184,900
Apr 26, 2016Home Sold
$69,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,419$74,340
2019$1,324$70,320
2018$1,218$72,210
2017$1,218$58,120

History based on county public records data.

Payment Calculator

$1,814

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,116

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4411542
6
/10

  • Audubon Elementary School

  • 1201 N Banana River Dr

  • 2.03 miles

  • Public District Grades PK-6

school-card-donut-4411543
8
/10

  • Tropical Elementary School

  • 885 S Courtenay Pkwy

  • 2.08 miles

  • Public District Grades KG-6

school-card-donut-4411544
4
/10

  • MILA Elementary School

  • 288 W Merritt Ave

  • 2.61 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $54,556. The most common annual income of people living in Merritt Island, FL is between $35k-100k. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 475 S Banana River Dr

What is the listing price of this property?

The listing price of 475 S Banana River Dr property is $350,000.

What type of property is this?

The property 475 S Banana River Dr is a house located in Merritt Island, Florida, 32952.

Is this property for sale now?

Active Listing: 475 S Banana River Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,419 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on December 9, 2020 for $184,900. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 475 S Banana River Dr has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 475 S Banana River Dr is 792 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 475 S Banana River Dr is 1950.

Rocket Homes›Florida›Brevard County›Merritt Island›32952›475 S Banana River Dr

This home is located at 475 S Banana River Dr in Merritt Island, FL and zip code 32952. This 792 square foot home, which was built in 1950, sits on a 0.17 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since May 17, 2024 and is currently priced at $350,000.

Merritt Island, FL housing market in November 2024 saw over 0 listings sold above listed price, more than 7 sold at listed price and over 28 sold below. Between October 2024 and November 2024, Merritt Island, FL real estate market has seen increase in the number of listings by 1.9%. The median list price of listings available in November 2024 was $475,000, while the average time on the real estate market was 72 days.

From Rocket Homes Real Estate and based on county public records data.

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