11 months on rocket

1702 Riverview Dr, Melbourne, FL, 32901

$1,595,000

Home List Price

$10,000*

Closing Credit

0 Baths
2,262 SqFt
$705/SqFt
Multi
Schools Nearby

Location

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1702 Riverview Dr, Melbourne$1,595,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1937
HeatingOther
CoolingCentral Air, Electric, Wall/Window Unit(s)
MLS #966016
Lot Size0.18 Acres
StatusActive

About 1702 Riverview Dr

INSTANT EQUITY! Appraised at $1.8 Million in February 2024! Turnkey Short-Term Rental Opportunity in Downtown Melbourne! This .18 acre property is perfect for investors who want to enter the booming STR market or expand their portfolio. The Riverview was completely remodeled in 2020, offering a modern aesthetic while preserving old-Florida charm. This conveniently located property includes: *A 2/1 cottage with laundry room and screened porch *A 2-story quadplex with three 1/1 apartments, a studio, and a shared laundry room. Intracoastal is visible from 2nd floor. *Buildable C2-zoned corner lot 4.97-star rating from 800+ Airbnb reviews. All furnishings, supplies, and website are included in sale. '||chr(10)||'

Property Details

Property Features

Property Information:

  • Year Built: 1937
  • Living Area: 2,262 SqFt

Listing Office:

  • Office Name: Hoven Real Estate
  • Office Phone: (888) 944-6836
  • Listing Agent: Meghan Marleen O'Hara

Interior Features

Interior Information:

  • Appliances: Disposal, Dryer, Electric Range, Instant Hot Water, Microwave, Refrigerator, Washer
  • Flooring Type: Tile, Vinyl

Virtual/3D Tour

  • Virtual Tour: 1702 Riverview Dr

Virtual Tour

Lot Features

Lot Information:

  • Lot: Corner Lot, Historic
  • Lot Size: 0.18 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Central Air, Electric, Wall/Window Unit(s)

School Info

Assigned Schools Information:

  • Melbourne High School, Public District Grades 9-12
  • Herbert C. Hoover Middle School, Public District Grades 7-8
  • University Park Elementary School, Public District Grades PK-6

Other

Directions Information:

  • Directions: From 192, turn north onto Riverview Drive. From US1, turn East onto Columbus Avenue. Property is on the SW corner of Riverview Dr and Columbus Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,595,000
  • Price Per SqFt: $705/SqFt

Tax Information:

  • Annual Amount: $3,857
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Melbourne, FL.

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Melbourne, FL

City

Med. Sold Price

$403.3K

Med. Price/SqFt

$232

Avg. Days On Market

42

# of Sold Homes

268

1702 Riverview Dr vs Melbourne

339 DAYS ON ROCKET

+297 Days

$1,595,000

+$1.1M More

$705/SqFt

+$473 More

KEY TAKEAWAY

This property is $1.1M more than the Median Sold Price and $473/SqFt more than other homes in Melbourne, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Space Coast MLS (Space Coast Association of REALTORS®)
  • MLS Number: #966016

Listing Office:

  • Office Name: Hoven Real Estate
  • Office Phone: (888) 944-6836
  • Listing Agent: Meghan Marleen O'Hara

IDX Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 9:20:23 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 11, 2019Home Sold
$490,000
Apr 26, 2011Home Sold
$135,000
Jul 18, 2002Home Sold
$74,900

Tax History

YEARPROP. TAXASSESSMENT
2020$3,857$198,660
2019$3,506$179,860
2018$3,316$178,000
2017$3,316$165,000

History based on county public records data.

Payment Calculator

$8,028

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,848

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

school-card-donut-3349769
3
/10

  • University Park Elementary School

  • 500 W University Blvd

  • 2.07 miles

  • Public District Grades PK-6

Middle School

school-card-donut-3349770
5
/10

  • Herbert C. Hoover Middle School

  • 2000 Hawk Haven Dr

  • 2.21 miles

  • Public District Grades 7-8

High School

school-card-donut-3349771
5
/10

  • Melbourne High School

  • 74 Bulldog Blvd

  • 1.11 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $23,704. Typical income of Melbourne, FL residents is less than $35k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Brevard County›Melbourne›32901›1702 Riverview Dr

This home is located at 1702 Riverview Dr in Melbourne, FL and zip code 32901. This 2,262 square foot home, which was built in 1937, sits on a 0.18 acre lot. It has been listed on Rocket Homes since May 26, 2023 and is currently priced at $1,595,000.

In March 2024, from all listings sold in Melbourne, FL there were more than 19 sold above asking price, over 173 sold below and more than 76 were sold right at the asked price. The number of listings in Melbourne, FL increased by 11.8% between February 2024 and March 2024. Listings spent 42 days on the market in March 2024, and had a median list price of $403,349 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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