10 days on rocket

506 Magnolia Ave, Melbourne Beach, FL, 32951

$674,900

Home List Price

$8,014*

Closing Credit

3 Bedrooms
2 Full Baths
1,452 SqFt
$465/SqFt
House
Schools Nearby

Location

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506 Magnolia Ave, Melbourne Beach$674,900

Buyer Closing Credits

$8,014*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached Carport, Garage
Garage1 space
Year Built1957
HeatingCentral, Electric
CoolingCentral Air, Electric
Private PoolYes
MLS #1012061
Lot Size0.30 Acres
StatusActive

About 506 Magnolia Ave

Melbourne Bch concrete block pool home with endless possibilities! Situated on a quiet street of million-dollar residences, home features a backyard oasis showcasing a large private pool/spa & separate fenced area, perfect for the kids to play, pets to roam or parking for your boat or jetski. Your home is protected with a newer metal roof & new plumbing & sewer lines in 2022. Sought-after location, no HOA, 1/3 acre lot with lagoon-friendly landscaping, pavered driveway & pool area. 3 BR/2BA + enclosed porch gives space to spread out, while the kitchen is in the heart of the home, ideal for gathering and open to the living room. If investment is the goal, this spacious home is blocks to the beaches of the Atlantic Ocean or the Indian River and can be registered as an AirBnb in compliance with town ordinances. Your beach bunglaow is zoned for A-rated schools, walk or bike to parks, library, shopping & some of the best dining Brevard County has to offer. Don't wait to see this one!

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1957
  • Stories: 1
  • Living Area: 1,452 SqFt

Listing Office:

  • Office Name: RE/MAX Alternative Realty
  • Office Phone: (321) 777-4111
  • Listing Agent: Pamela Ann Reynolds

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Flooring Type: Carpet, Tile
  • Interior: Ceiling Fan(s), Pantry, Primary Bathroom - Shower No Tub, Split Bedrooms

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: Yes

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Attached Carport, Garage

Virtual/3D Tour

  • Virtual Tour: 506 Magnolia Ave

Virtual Tour

Lot Features

Lot Information:

  • Lot: Many Trees
  • Lot Size: 0.30 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, 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: SR A1A south, right on Magnolia Ave, left on Banyan Way, right on Magnolia. Arrive at 506 Magnolia Ave, home on right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $674,900
  • Price Per SqFt: $465/SqFt

Tax Information:

  • Annual Amount: $1,863
  • Tax Year: 2020
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Housing Market Comparison

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

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Melbourne Beach, FL

City

Med. Sold Price

$660K

Med. Price/SqFt

$356

Avg. Days On Market

62

# of Sold Homes

23

506 Magnolia Ave vs Melbourne Beach

10 DAYS ON ROCKET

-52 Days

$674,900

+$14.9K More

$465/SqFt

+$108 More

KEY TAKEAWAY

This property is $14.9K more than the Median Sold Price and $108/SqFt more 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: #1012061

Listing Office:

  • Office Name: RE/MAX Alternative Realty
  • Office Phone: (321) 777-4111
  • Listing Agent: Pamela Ann Reynolds

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: 5/6/2024, 9:20:39 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$1,863$146,740
2019$1,831$143,450
2018$1,803$140,780
2017$1,803$137,890

History based on county public records data.

Payment Calculator

$3,436

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,090

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-7140233
10
/10

  • Gemini Elementary School

  • 2100 Oak St

  • 1.69 miles

  • Public District Grades KG-6

Middle School

school-card-donut-7140234
5
/10

  • Herbert C. Hoover Middle School

  • 2000 Hawk Haven Dr

  • 1.81 miles

  • Public District Grades 7-8

High School

school-card-donut-7140235
5
/10

  • Melbourne High School

  • 74 Bulldog Blvd

  • 3.39 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. Most families are 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 506 Magnolia Ave

What is the listing price of this property?

The listing price of 506 Magnolia Ave property is $674,900.

What type of property is this?

The property 506 Magnolia Ave is a house located in Melbourne Beach, Florida, 32951.

Is this property for sale now?

Active Listing: 506 Magnolia Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 506 Magnolia Ave 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 $1,863 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 506 Magnolia Ave has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 506 Magnolia Ave is 1,452 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 506 Magnolia Ave is 1957.

Rocket Homes›Florida›Brevard County›Melbourne Beach›32951›506 Magnolia Ave

This home is located at 506 Magnolia Ave in Melbourne Beach, FL and zip code 32951. This 1,452 square foot home, which was built in 1957, sits on a 0.30 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 26, 2024 and is currently priced at $674,900.

In April 2024, from all listings sold in Melbourne Beach, FL there were more than 1 sold above asking price, over 18 sold below and more than 4 were sold right at the asked price. In April 2024 in Melbourne Beach, FL there were 13% more homes for sale than in March 2024. While the average time on the market in April 2024 was 62 days, the median list price was $660,000.

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

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