North Merritt Island · Cost to sell
What does it cost to sell a home in North Merritt Island?
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North Merritt Island is the northern, more rural part of Merritt Island, near Kennedy Space Center.
You'd keep about—
An estimate, not a promise. Agent pay is always negotiable. Repairs, credits to the buyer and taxes for the days you owned the home this year are not included.
Each cost, in plain words
- Agent pay: what you agree to pay the agents, in writing, before you list. It is always negotiable.
- Deed tax: Florida charges 70 cents per $100 of the price when a home changes owners. In Brevard County the seller usually pays it.
- Owner's title insurance: a one-time policy that protects the buyer's ownership. Florida sets the price by law. In Brevard County the seller usually pays it.
- Closing fee: what the title company charges to run the closing. It varies by company.
- Mortgage payoff: the title company pays off your loan from the sale. Ask your lender for an exact payoff amount.
North Merritt Island in numbers
- The typical home here is valued at about $525,400, which is 55% higher than Brevard County as a whole ($339,600).
- The typical home here was built around 1995, about 31 years ago. Ask about the roof's age early, because Florida insurers look at it closely.
At a typical North Merritt Island price of about $525,000, Florida's deed tax is $3,675 and the owner's title policy is about $2,700. Typical value here is 5.0 times the typical household income, compared with 4.3 for the county.
North Merritt Island next to its neighbors
North Merritt Island is valued higher than all three of its closest neighbors.