Property Details
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This property, located at 1580 Salmon St in Merritt Island, FL, is situated in the beautiful Surfside Estates Unit 3 subdivision. The lot size is 10,019 square feet, with a generous width of 140 feet. This spacious residential property features a well-maintained two-story home with 4 bedrooms, 2 bathrooms, and a total living area of 2,459 square feet. The house was built in 1967 and includes a cozy fireplace, central cooling and heating, and a 506 square foot garage. The property's previous market value and assessed value was $431,450, and it had last sold for $24,000.
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In most states, the history of a loss of life in a home, no matter how it occurred, even violently, is not considered a "Material Fact" and it's not required to be disclosed. This history depending on the event, can decrease the home's value by 25% and increase its time to sell by up to 50% longer than comparable homes. Properties with such a history are referred to as Stigmatized Properties.Would you want to know stigmatized history of the property before you sign the contract?
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