Under contract

$90,000

340 Schoolhouse Ln, Merritt Island, FL 32953

2beds

1,088sqft

Single Family Residence

Built in 1962

7,405 Square Feet Lot

$-- Zestimate^®

$83/sqft

$-- HOA

What's special

Functional layoutNatural lightWhite kitchen cabinetsFlexible outdoor space

Merritt Island opportunity with location curb appeal and strong potential. This two bedroom one and a half bath home is situated on a sidewalk lined street with a cul de sac at the end. The oversized driveway accommodates two vehicles plus a spacious carport with additional parking available. Conveniently located within walking distance to Target, Dollar Store, fast food options and everyday essentials. Inside the home features white kitchen cabinets natural light tile flooring in the main living areas and a functional layout ready for updates or personalization. The backyard is fenced on three sides and offers flexible outdoor space for a variety of uses or future improvements. Enjoy a Space Coast highlight with views of rocket launches from home. This property is ideal for buyers looking to personalize invest or build equity in a Merritt Island location close to shopping dining and daily conveniences.

192 days

765

57

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 1
1/2 bathrooms: 1

Heating

None

Cooling

Other

Appliances

Included: None
Laundry: In Carport

Features

Jack and Jill Bath, Primary Bathroom - Tub with Shower
Flooring: Tile
Has fireplace: No

Interior area

Total interior livable area: 1,088 sqft

Property

Parking

Total spaces: 1
Parking features: Carport
Carport spaces: 1

Features

Stories: 1
Patio & porch: Front Porch
Fencing: Chain Link

Lot

Size: 7,405 Square Feet
Features: Few Trees

Details

Additional parcels included: 2417847
Parcel number: 2436232500000.00022.00
Special conditions: Real Estate Owned

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional
Property subtype: Single Family Residence

Materials

Block

Condition

Fixer
New construction: No
Year built: 1962

Utilities & green energy

Electric: 100 Amp Service
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Available, Sewer Available, Water Available

Community & HOA

Community

Subdivision: Merritt Island Village

HOA

Has HOA: No

Location

Region: Merritt Island

Financial & listing details

Price per square foot: $83/sqft
Tax assessed value: $91,110
Annual tax amount: $875
Date on market: 1/13/2026
Listing terms: Cash
Road surface type: Asphalt

Foreclosure details

Estimated market value

Not available

Estimated sales range

Not available

$1,692/mo

Price history

Price history is unavailable.

Public tax history

Year	Property taxes	Tax assessment
2025	$875 +10.4%	$68,780 +2.9%
2024	$793 +2.7%	$66,850 +3%
2023	$772 +1.7%	$64,910 +3%
2022	$759 -0.1%	$63,020 +3%
2021	$760 +5%	$61,190 +1.4%
2020	$724 +8.3%	$60,350 +2.3%
2019	$668	$59,000 +1.9%
2018	$668 +0.5%	$57,900 +2.1%
2017	$665 +0.7%	$56,710 +6.1%
2016	$661 -44%	$53,440 +33.6%
2015	$1,180 +103.4%	$39,990 +0.8%
2014	$580	$39,680 -14.6%
2013	--	$46,440 +16.8%
2012	$239 +9%	$39,770 -4.6%
2011	$219 +13.8%	$41,680 -8.4%
2010	$193 -4.2%	$45,510 -24.7%
2009	$201 +0.1%	$60,450 -17.8%
2008	$201 +10.5%	$73,500 -10.4%
2007	$182 +3%	$82,000 -1.8%
2005	$176 +886.6%	$83,540 +102.5%
2004	$18 +87.8%	$41,260 +16.1%
2003	$10	$35,540 +18.6%
2002	--	$29,970 +6.6%
2001	--	$28,120 +20.2%
2000	--	$23,400

Find assessor info on the county website

Monthly payment

Estimated monthly payment$1,822

Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: 32953

Getting around

35 / 100

Car-Dependent

38 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

4/10
Mila Elementary School
Grades: PK-6Distance: 1.6 mi
7/10
Thomas Jefferson Middle School
Grades: 7-8Distance: 3.8 mi
5/10
Merritt Island High School
Grades: PK,9-12Distance: 0.7 mi

Schools provided by the listing agent

Elementary: Mila
Middle: Jefferson
High: Merritt Island

Source: Space Coast AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.