Kingsmill, located just off of Lake Washington Road is a quiet, well maintained community of over 300 houses built between 1986 and 1988. It is situated between Parkway Drive and Aurora Road, just west of Wickham Road in Melbourne Florida.
Kingsmill is just minutes to shopping, dining, churches and schools. Publix grocery store is within walking distance. Access to I-95, US 1 and the causeways to the beach are within 5 minutes.
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The west end of the community boasts custom built homes by Joyal and Tiffany Builders. Several of the homes are situated on half acre sites. The other homes in the neighborhood were built by Maronda Homes.
Kingsmill association fees are currently $135 per year, per house. This covers maintenance of the common grounds, the 2 parks, and the retention ponds that border the east and west side of the neighborhood.
There are currently three houses for sale in Kingsmill, ranging from $139,900 to $169,000. Living square footage, under air, range from 1617 to 1830 feet.
There are three houses in Kingsmill under contract for sale. These homes are priced between $139,900 and $169,000.
In 2011, there have been twelve home sales ranging from $90,000 with 1635 square feet of living to 2026 square feet of living with a price of $176,500. Two of the houses that sold were short sales. The average sales price was $134,240. The average days on the market were 61.
In 2010, there were a total of fourteen houses sold ranging from $95,000 with 1510 square feet of living to a sales price of $170,000 with 1819 square feet of living. Four of the houses that sold were short sales. The average sales price was $143,872. The average day on the market were 94.5.
It's interesting to me that the market time from 2010 to 2011 decreased in Kingsmill by 33.5 days. However, in 2010 three houses were on the market for over 175 days, which I believe threw the days on the market average out of balance. We have continued to see a bit of a decline as short sales and foreclosures have pulled the market down. This year in Kingsmill we have seen four closed short sales. And, two of the three properties currently under contract are also short sales. So, it's not surprising that our average sales price went from $134,240 to $143,872.
Sandy Shores, Melbourne FL REALTOR®
Specializing in Residential, Investment and Relocation Real Estate
We have a team to facilitate your Short Sale.
Melbourne Real Estate / Palm Bay Real Estate
321-253-4545
SandyShoresMelbourne@hotmail.com
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Serving Brevard County Florida for 15 Years
Brevard County Resident for 36 Years
Melbourne, Palm Bay, Suntree, Viera, Rockledge,
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