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1506 Monroe Drive

1506 Monroe Drive, Edgewater, FL 32132
Sold Mar 10, 2021
$195,000
$189,150 by Mutual Of Omaha Mortgage Inc
Mortgage Due Apr 01, 2051
Sold Aug 05, 2020
$937,600
Local assessors in Edgewater, FL have categorized 1506 Monroe Drive as a residential type of property. The home was built in 1964 and is 60 years old. It was most recently renovated and altered in 2020. The property's lot size has been calculated to be 9,760 square feet. The linear feet between the front and back of the lot was measured at 1,220 ft and the front of the lot was measured at 50 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1506 Monroe Drive has a total of 1,188 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a carport for those who need a place to park their vehicle. The garage on the property is 200 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a gable style roof that was made of asphalt. Lots of concrete were used in the construction of the exterior walls of the home. While the walls in the interior have been made of plaster. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with oil. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1506 Monroe Drive was last sold in Mar 5, 2021 for $195,000. According to our calculations, that's $164.14 per sqft. Prior to that sales transaction, the property was sold for $937,600 in Jul 27, 2020. Current property owners are expected to pay $3,033 in taxes per year. The property on 1506 Monroe Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $201,065. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Block Exterior

Parking

Carport
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 2020
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Quality: C
  • Construction Type: Masonry
  • Exterior Walls Type: Concrete
  • Interior Walls Type: Plaster
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Terrazzo
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 200
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 9,760
  • Lot Size Depth Feet: 1,220
  • Lot Size Frontage Feet: 50
  • Total Building Area: 1,188
  • Gross Building Area: 1,188
  • Building Area: 1,188
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,188
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: IN LOWDS SUB MB
  • Land Acres: 0.224
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 2-18-34 & 33-17-34 IRREG PARCEL IN LOT 1 PROPOSED PARCEL B IN LOWDS SUB MB 3 PG 81 PER OR 5095 PG 3723 PER OR 6214 PGS 2774-2775 PER OR 7575 PG 0186 PER OR 7889 PGS 4518-4531 INC PER OR 7946 PG 4902 PER OR 8004 PG 1155

Ownership

  • Current Owner : SHANNON ERIN THERESA
  • Current Owner 2: SHANNON PEGGY
  • Previous Owner : INDUSTRIAL PROPERTY HOLDINGS
  • Owner Before Previous Owner: PHILLIPS SUSAN L
  • Owner Before Previous Owner 2: LOEFFLER DANIEL L
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Volusia County School District
  • Census Tract: 083008

Geography

  • Assessors Map Reference: E2-0041-02
  • Account Number: 3965329
  • Subdivision Tract Number: 31
  • Parcel: 8402-31-00-0291
  • Lot: 1
  • Meridian: SEC 02 TWN 18S RNG 34E
  • Municipality: EDGEWATER
  • Latitude: 28.9777
  • Longitude: -80.8977

    Address

  • Full Address: 1506 Monroe Dr
  • Address - House Number: 1506
  • Address - Street Name: Monroe
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Edgewater
  • Carrier Code: C002
  • 4-Digit Zip Code: 3633
  • Zip Code: 32132

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,033
  • Tax Rate Code Area: 604

    Appraisal Valuation

  • Standard Deviation: 0.4997
  • Valuation Date: Feb 14, 2024
  • Final Value: 254,133
  • High Value: 381,126
  • Low Value: 127,139

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $189,150
  • First Open Lien Mortgage Lender: MUTUAL OF OMAHA MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Mar 10, 2021
  • First Open Lien Mortgage Loan Amount: $189,150
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2051

    Market Valuation

  • Market Total Value: $219,542
  • Market Land Value: $43,808
  • Market Improvement Value: $175,734

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $201,065

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 05, 2021
  • Current Sale Recording Date: Mar 10, 2021
  • Current Sale Transaction ID: 11824945689
  • Current Sale Price: $195,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021-053490
  • Previous Sale Recording Date: Aug 05, 2020
  • Previous Sale Contract Date: Jul 27, 2020
  • Previous Sale Amount: $937,600
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MUTUAL OF OMAHA MORTGAGE INC
  • First Mortgage Transaction Date: Mar 10, 2021
  • First Mortgage Loan Amount: $189,150
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2051

About River Heights



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Nearby Rentals

Unit for rent at

$1,760 /mo

  • 3 Beds
  • 2,036 ft²
Listing by Manager
Unit for rent at

$1,695 /mo

  • 2 Beds
  • 2 Baths
  • 1,000 ft²
Listing by Manager
Unit for rent at

$1,780 /mo

  • 3 Beds
  • 1,592 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 1506 Monroe Drive located in?
The 1506 Monroe Drive is a house located in the neighborhood of River Heights in River Heights, Edgewater.
What is the average sales price for listings in 1506 Monroe Drive?
The average sales price for units in 1506 Monroe Drive is $198,900 , or $167/sqft. currently.

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