6 months on rocket

502 Colony St, Melbourne Beach, FL, 32951

$649,999

Home List Price

$7,719*

Closing Credit

5 Bedrooms
2 Full Baths, 1 Partial
2,297 SqFt
$283/SqFt
House
Schools Nearby

Location

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502 Colony St, Melbourne Beach$649,999

Buyer Closing Credits

$7,719*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached
Attached Garage2 spaces
Year Built1964
HeatingElectric
CoolingElectric
Private PoolYes
MLS #976545
Lot Size0.34 Acres
StatusActive

About 502 Colony St

HUGE PRICE REDUCTION!! Incredible opportunity to own a potential gem in the heart of Melbourne Beach. HUGE corner lot with boat / RV access from North side fence. One of Brevard's most desirable and sought after neighborhoods. A diamond in the rough with sprawling private inground pool. Natural landscaping includes Sea grape trees, rocks, and an endless variety of Palms. A stones throw from beach access, Ocean Ave shops, Melbourne Beach pier and everything else that one of Floridas most iconic towns offers

Property Details

Property Features

Property Information:

  • Year Built: 1964
  • Stories: 2
  • Living Area: 2,297 SqFt

Listing Office:

  • Office Name: Keller Williams Realty Brevard
  • Office Phone: (321) 259-1170
  • Listing Agent: Jim Taranto

Interior Features

Interior Information:

  • Appliances: Other
  • Flooring Type: Carpet, Tile, Other
  • Interior: Split Bedrooms

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: Yes

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached

Virtual/3D Tour

  • Virtual Tour: 502 Colony St

Virtual Tour

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.34 Acres

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Electric

School Info

Assigned Schools Information:

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

Other

Directions Information:

  • Directions: A1A to Colony

Price Information

Listing Price Info

Price Summary:

  • List Price: $649,999
  • Price Per SqFt: $283/SqFt

Tax Information:

  • Annual Amount: $2,303
  • Tax Year: 2020
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Housing Market Comparison

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

Map thumbnail provided by MapBox

Melbourne Beach, FL

City

Med. Sold Price

$660K

Med. Price/SqFt

$354

Avg. Days On Market

56

# of Sold Homes

14

502 Colony St vs Melbourne Beach

209 DAYS ON ROCKET

+153 Days

$649,999

-$10K Less

$283/SqFt

-$71 Less

KEY TAKEAWAY

This property is $10K less than the Median Sold Price and $71/SqFt less than other homes in Melbourne Beach, 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: #976545

Listing Office:

  • Office Name: Keller Williams Realty Brevard
  • Office Phone: (321) 259-1170
  • Listing Agent: Jim Taranto

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: 4/27/2024, 11:20:21 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$2,303$172,970
2019$2,269$169,090
2018$2,236$165,940
2017$2,236$162,530

History based on county public records data.

Payment Calculator

$3,312

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,015

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-1691032
10
/10

  • Gemini Elementary School

  • 2100 Oak St

  • 1.36 miles

  • Public District Grades KG-6

Middle School

school-card-donut-1691033
5
/10

  • Herbert C. Hoover Middle School

  • 2000 Hawk Haven Dr

  • 2.15 miles

  • Public District Grades 7-8

High School

school-card-donut-1691034
5
/10

  • Melbourne High School

  • 74 Bulldog Blvd

  • 3.76 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 $78,602. Typical income of Melbourne Beach, FL residents is between $35k-100k annually. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 502 Colony St

What is the listing price of this property?

The listing price of 502 Colony St property is $649,999.

What type of property is this?

The property 502 Colony St is a house located in Melbourne Beach, Florida, 32951.

Is this property for sale now?

Active Listing: 502 Colony St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 502 Colony St are:
Gemini Elementary School: GreatSchools Rating 10/10
Herbert C. Hoover Middle School: GreatSchools Rating 5/10
Melbourne High School: GreatSchools Rating 5/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $2,303 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 502 Colony St has 5 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 502 Colony St is 2,297 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 502 Colony St is 1964.

Rocket Homes›Florida›Brevard County›Melbourne Beach›32951›502 Colony St

This home is located at 502 Colony St in Melbourne Beach, FL and zip code 32951 in the River Colony East neighborhood. This 2,297 square foot home, which was built in 1964, sits on a 0.34 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 01, 2023 and is currently priced at $649,999.

Melbourne Beach, FL housing market in March 2024 saw over 2 listings sold above listed price, more than 2 sold at listed price and over 10 sold below. The number of listings in Melbourne Beach, FL increased by 12.9% between February 2024 and March 2024. In March 2024 median list price was $660,000 and the average listing age was 56 days.

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

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