9 months on rocket

511 E Melbourne Ave, Melbourne, FL, 32901

$799,000

Home List Price

$9,488*

Closing Credit

5 Bedrooms
2 Full Baths
1,886 SqFt
$424/SqFt
House
Schools Nearby

Location

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511 E Melbourne Ave, Melbourne$799,000

Buyer Closing Credits

$9,488*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingGarage Door Opener
Garage2 spaces
Year Built1954
HeatingCentral, Electric
CoolingCentral Air, Electric
WaterfrontCanal, Creek, Navigable Water
FireplaceWood Burning, Other
ViewCanal, City, River, Water
MLS #970177
Lot Size0.61 Acres
StatusActive

About 511 E Melbourne Ave

Direct waterfront. All Original 1954. Located on Crane Creek in Historic Downtown Melbourne. This location offers multiple restaurants and local shopping all with in walking distance. In addition beautiful sandy beaches on the Atlantic ocean are just minutes away. Main house with detached 800 square foot garage. Bring this old Florida charm back to life as a family residence, vacation getaway, or rental investment . Orlando airport and Disney attractions are with in a 75 minute drive.

Property Details

Property Features

Property Information:

  • Year Built: 1954
  • Living Area: 1,886 SqFt

Listing Office:

  • Office Name: Coldwell Banker Paradise
  • Office Phone: (321) 222-9449
  • Listing Agent: Jeff Richardson

Interior Features

Interior Information:

  • Appliances: Electric Water Heater
  • Flooring Type: Other
  • Interior: Ceiling Fan(s), Split Bedrooms
  • Fireplace: Wood Burning, Other

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Waterfront: Canal, Creek, Navigable Water
  • View: Canal, City, River, Water

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Garage Door Opener

Virtual/3D Tour

  • Virtual Tour: 511 E Melbourne Ave

Virtual Tour

Lot Features

Lot Information:

  • Lot: Few Trees, Historic
  • Lot Size: 0.61 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
  • University Park Elementary School, Public District Grades PK-6

Other

Directions Information:

  • Directions: located in downtown Melbourne

Price Information

Listing Price Info

Price Summary:

  • List Price: $799,000
  • Price Per SqFt: $424/SqFt

Tax Information:

  • Annual Amount: $1,432
  • Tax Year: 2020
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Housing Market Comparison

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

Map thumbnail provided by MapBox

Melbourne, FL

City

Med. Sold Price

$403.3K

Med. Price/SqFt

$232

Avg. Days On Market

42

# of Sold Homes

268

511 E Melbourne Ave vs Melbourne

285 DAYS ON ROCKET

+243 Days

$799,000

+$395.6K More

$424/SqFt

+$192 More

KEY TAKEAWAY

This property is $395.6K more than the Median Sold Price and $192/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: #970177

Listing Office:

  • Office Name: Coldwell Banker Paradise
  • Office Phone: (321) 222-9449
  • Listing Agent: Jeff Richardson

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, 6:20:22 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$1,432$125,930
2019$1,412$123,100
2018$1,398$120,810
2017$1,398$118,330

History based on county public records data.

Payment Calculator

$4,055

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,462

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-1512520
3
/10

  • University Park Elementary School

  • 500 W University Blvd

  • 1.39 miles

  • Public District Grades PK-6

Middle School

school-card-donut-1512521
5
/10

  • Herbert C. Hoover Middle School

  • 2000 Hawk Haven Dr

  • 2.88 miles

  • Public District Grades 7-8

High School

school-card-donut-1512522
5
/10

  • Melbourne High School

  • 74 Bulldog Blvd

  • 1.14 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 $22,177. The majority of Melbourne, FL residents have income less than $35k annually. The most common type of family is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 511 E Melbourne Ave

What is the listing price of this property?

The listing price of 511 E Melbourne Ave property is $799,000.

What type of property is this?

The property 511 E Melbourne Ave is a house located in Melbourne, Florida, 32901.

Is this property for sale now?

Active Listing: 511 E Melbourne 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 511 E Melbourne Ave are:
University Park Elementary School: GreatSchools Rating 3/10
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 $1,432 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 511 E Melbourne Ave has 5 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 511 E Melbourne Ave is 1,886 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 511 E Melbourne Ave is 1954.

Rocket Homes›Florida›Brevard County›Melbourne›32901›511 E Melbourne Ave

This home is located at 511 E Melbourne Ave in Melbourne, FL and zip code 32901 in the Hallwood Place neighborhood. This 1,886 square foot home, which was built in 1954, sits on a 0.61 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 17, 2023 and is currently priced at $799,000.

Over 19 listings were sold over their listed price in March 2024 in Melbourne, FL. In the same period over 173 listings were sold below the listed price and 76 listings were sold for the listed price. The inventory of homes for sale in Melbourne, FL between February 2024 and March 2024 increased by 11.8%. While the average time on the market in March 2024 was 42 days, the median list price was $403,349.

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

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