ParkingAdditional Parking, Off Street, Shared Driveway
Year Built1930
HeatingCentral, Electric
CoolingCentral Air, Electric
ViewOther
MLS #1013818
Lot Size0.20 Acres
StatusActive
About 1619 Avocado Ave Unit A & B
Invest in the Heart of the Arts! Income-Producing Vintage Duplex Awaits. Own a piece of Eau Gallies thriving Arts District with this captivating duplex. This two-unit complex offers a unique opportunity to invest in a vibrant and desirable location located in the heart of Melbourne. The Front Unit is 2 BR/ 2 BA, Rear Cottage is a 1 BR/1 BA, and both currently rented on a long-term basis, presenting a steady income stream. The Vibrant downtown Area known as EGAD is within walking distance of shops, trendy restaurants, local pubs, Art Galleries, Family-Friendly Intracoastal Brewery, bakeries, post office, civic center, and Eau Gallie Pier. The positive energy pulsates throughout the neighborhood, offering endless inspiration and entertainment. Newer Roofs June/ 2019 Schedule your appointment today!
Property Details
Property Features
Property Information:
Year Built: 1930
Stories: 1
Living Area: 986 SqFt
Listing Office:
Office Name: Florida Elite Real Estate
Office Phone: (321) 266-1798
Listing Agent: Scott A Caldwell
Interior Features
Interior Information:
Appliances: Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Flooring Type: Laminate
Bedroom and Bathroom Information:
Full Bathrooms: 3
Total Bedroom Count: 3
Exterior Features
Exterior Information:
View: Other
Parking Information:
Attached Garage: No
Parking: Additional Parking, Off Street, Shared Driveway
Eau Gallie High School, Public District Grades PK-12
Lyndon B. Johnson Middle School, Public District Grades 7-8
Dr. W. J. Creel Elementary School, Public District Grades PK-6
Other
Directions Information:
Directions: From Pineapple Avenue & Eau Gallie Blvd (SR 518) Travel West, Turn Right (North) at Intracoastal Brewery /Avocado Avenue Home Three Block down on Right.
Price Information
Listing Price Info
Price Summary:
List Price: $419,000
Price Per SqFt: $425/SqFt
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Melbourne, FL.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,159
Per Month
Principal & Interest
$2,092
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,323
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
3
/10
Dr. W. J. Creel Elementary School
2000 Glenwood Dr
Distance between this listing and this school1.01 miles
Public District Grades PK-6
Middle School
3
/10
Lyndon B. Johnson Middle School
2155 Croton Rd
Distance between this listing and this school1.55 miles
Public District Grades 7-8
High School
4
/10
Eau Gallie High School
1400 Commodore Blvd
Distance between this listing and this school1.05 miles
Public District Grades PK-12
Assigned Schools
3
/10
Dr. W. J. Creel Elementary School
2000 Glenwood Dr
Distance between this listing and this school1.01 miles
Public District Grades PK-6
Nearby Schools
5
/10
Harbor City Elementary School
1377 Sarno Rd
Distance between this listing and this school1.13 miles
Public District Grades PK-6
4
/10
Croton Elementary School
1449 Croton Rd
Distance between this listing and this school1.43 miles
Public District Grades PK-6
Assigned Schools
3
/10
Lyndon B. Johnson Middle School
2155 Croton Rd
Distance between this listing and this school1.55 miles
Public District Grades 7-8
Nearby Schools
7
/10
DeLaura Middle School
300 Jackson Ave
Distance between this listing and this school4.02 miles
Public District Grades 7-8
5
/10
Herbert C. Hoover Middle School
2000 Hawk Haven Dr
Distance between this listing and this school4.04 miles
Public District Grades 7-8
Assigned Schools
4
/10
Eau Gallie High School
1400 Commodore Blvd
Distance between this listing and this school1.05 miles
Public District Grades PK-12
Nearby Schools
10
/10
Westshore Junior/Senior High School
250 Wildcat Aly
Distance between this listing and this school1.73 miles
Public District Grades 7-12
1
/10
South Area Alternative Learning Center
2175 N Wickham Rd
Distance between this listing and this school2.49 miles
The neighbors living near this home have an average income of $28,875. Residents of Melbourne, FL typically earn less than $35k each year. Most families are single, no kids. Most residents in this area have high school diploma education.
This home is located at 1619 Avocado Ave Unit A & B in Melbourne, FL and zip code 32935. This 986 square foot home, which was built in 1930, sits on a 0.20 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 14, 2024 and is currently priced at $419,000.
While more than 27 listings in Melbourne, FL in April 2024 were sold above asking price, there were more than 76 listings sold at asking price, and more than 182 were sold below. Between March 2024 and April 2024, Melbourne, FL real estate market has seen increase in the number of listings by 6.4%. The median list price of listings available in April 2024 was $408,732, while the average time on the real estate market was 46 days.
From Rocket Homes Real Estate and based on county public records data.