15 days on rocket

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

$395,000

Home List Price

$4,691*

Closing Credit

3 Bedrooms
1 Full Bath
792 SqFt
$499/SqFt
House
Schools Nearby

Location

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475 S Banana River Dr, Merritt Island$395,000

Buyer Closing Credits

$4,691*

1.25% Loan Amount

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Property Highlights

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

About 475 S Banana River Dr

Location is the key with this Cottage-style home, a 3-bdrm open floor plan! Great for year-round, Vacation home, or Investment! Across the street from the Banana River with sparkling Water Views & Beautiful Sunrises! Wooded fenced-in yard for privacy perfect for entertaining! Non-navigational Canal front property, enjoy fishing in your backyard! For the boat lover, Marina is nearby! Many upgrades enhance its appeal & functionality. Metal Roof 2021, impact-resistant windows 2024, remodeled bathroom 2023! Sweet kitchen for whipping up summer meals. Screened-in back porch. Shed for storage! New washer/dryer! Tile Floors throughout. Beautiful Paver driveway room for 4 cars. Centrally located 8-minute drive over the causeway to Cocoa Beach Ocean, a short drive to Port Canaveral, Orlando Airport, & Bright-line Train. Near shopping & restaurants. Whether you're seeking a peaceful retreat or a home perfect for active living, this delightful property promises to meet all your expectations!

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:

  • Waterfront: Canal
  • 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: Wooded
  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

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

School Info

Assigned Schools Information:

  • Merritt Island High School, Public District Grades PK-12
  • Thomas Jefferson Middle School, Public District Grades 7-8
  • Tropical Elementary School, Public District Grades KG-6

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: $395,000
  • Price Per SqFt: $499/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

$468.3K

Med. Price/SqFt

$247

Avg. Days On Market

43

# of Sold Homes

95

475 S Banana River Dr vs Merritt Island

15 DAYS ON ROCKET

-28 Days

$395,000

-$73.3K Less

$499/SqFt

+$252 More

KEY TAKEAWAY

This property is $73.3K less than the Median Sold Price and $252/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: 6/2/2024, 12:50:39 AM 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

$2,039

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,251

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.

Elementary School

school-card-donut-6930436
8
/10

  • Tropical Elementary School

  • 885 S Courtenay Pkwy

  • 2.09 miles

  • Public District Grades KG-6

Middle School

school-card-donut-6930437
4
/10

  • Thomas Jefferson Middle School

  • 1275 S Courtenay Pkwy

  • 1.80 miles

  • Public District Grades 7-8

High School

school-card-donut-6930438
4
/10

  • Merritt Island High School

  • 100 Mustang Way

  • 2.89 miles

  • Public District Grades PK-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $54,556. Typical income of Merritt Island, FL residents is between $35k-100k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.

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 $395,000.

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 are the assigned schools for this property?

The assigned schools for 475 S Banana River Dr are:
Tropical Elementary School: GreatSchools Rating 8/10
Thomas Jefferson Middle School: GreatSchools Rating 4/10
Merritt Island High School: GreatSchools Rating 4/10

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 $395,000.

Merritt Island, FL housing market in May 2024 saw over 8 listings sold above listed price, more than 22 sold at listed price and over 65 sold below. In May 2024 in Merritt Island, FL there were 0.2% more homes for sale than in April 2024. Listings spent 43 days on the market in May 2024, and had a median list price of $468,340 during the same period.

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

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