24 days on rocket

520 Palmetto Ave, Melbourne, FL, 32901

$305,000

Home List Price

$3,622*

Closing Credit

3 Bedrooms
1 Full Bath
971 SqFt
$314/SqFt
House
Schools Nearby

Location

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520 Palmetto Ave, Melbourne$305,000

Buyer Closing Credits

$3,622*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached, Attached Carport, Carport
Attached GarageYes
Year Built1942
HeatingCentral, Electric
CoolingCentral Air, Electric
MLS #1009993
Lot Size0.15 Acres
StatusActive

About 520 Palmetto Ave

Unbeatable location in the heart of downtown Melbourne within walking distance to shops, restaurants, Hotel Melby , Fee Avenue park & all of the entertainment downtown has to offer. This charming cottage offers an oversized carport, metal roof, impact windows (2016), farmhouse kitchen sink, new refrigerator (2024) hardwood floors, crown molding & American Standard Whirlpool jet tub, coastal interior paint. Upgrades included electrical system (2005) & no copper pipes - all PVC & PEX. This home features an attached sun room with plenty of natural light perfect for plants or a painting studio, French doors & high ceilings. You'll love the lush landscaping, window flower boxes & large, fully-fenced outdoor space boasting a custom fire pit, large oak tree providing an abundance of shade & mango trees. This property is brimming with potential & comes with the downtown charm & all the freedom of No HOA.

Property Details

Property Features

Property Information:

  • Architectural Style: Historic
  • Year Built: 1942
  • Stories: 1
  • Living Area: 971 SqFt

Listing Office:

  • Office Name: J. Edwards Real Estate
  • Office Phone: (321) 610-8852
  • Listing Agent: Jonathan Krauser

Interior Features

Interior Information:

  • Appliances: Refrigerator
  • Flooring Type: Tile, Wood

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Fire Pit

Parking Information:

  • Attached Garage: Yes
  • Parking: Attached, Attached Carport, Carport

Lot Features

Lot Information:

  • Lot: Historic, Many Trees
  • Lot Size: 0.15 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
  • Harbor City Elementary School, Public District Grades PK-6

Other

Directions Information:

  • Directions: From US1 to Strawbridge to Hickory to Palmetto. From 192/ New Haven to Mcquaid to Palmetto

Price Information

Listing Price Info

Price Summary:

  • List Price: $305,000
  • Price Per SqFt: $314/SqFt

Tax Information:

  • Annual Amount: $2,177
  • 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

520 Palmetto Ave vs Melbourne

24 DAYS ON ROCKET

-18 Days

$305,000

-$98.3K Less

$314/SqFt

+$82 More

KEY TAKEAWAY

This property is $98.3K less than the Median Sold Price and $82/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: #1009993

Listing Office:

  • Office Name: J. Edwards Real Estate
  • Office Phone: (321) 610-8852
  • Listing Agent: Jonathan Krauser

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: 4/30/2024, 12:20:22 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 05, 2019Home Sold
$158,000
Dec 11, 2006Home Sold
$157,500
Nov 17, 2004Home Sold
$126,500
Dec 13, 2001Home Sold
$93,500

Tax History

YEARPROP. TAXASSESSMENT
2020$2,177$114,590
2019$476$45,380
2018$469$44,540
2017$469$43,630

History based on county public records data.

Payment Calculator

$1,590

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$981

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-3419081
5
/10

  • Harbor City Elementary School

  • 1377 Sarno Rd

  • 3.27 miles

  • Public District Grades PK-6

Middle School

school-card-donut-3419082
5
/10

  • Herbert C. Hoover Middle School

  • 2000 Hawk Haven Dr

  • 2.71 miles

  • Public District Grades 7-8

High School

school-card-donut-3419083
5
/10

  • Melbourne High School

  • 74 Bulldog Blvd

  • 0.84 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. The majority of Melbourne, FL residents have income less than $35k annually. Most families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 520 Palmetto Ave

What is the listing price of this property?

The listing price of 520 Palmetto Ave property is $305,000.

What type of property is this?

The property 520 Palmetto Ave is a house located in Melbourne, Florida, 32901.

Is this property for sale now?

Active Listing: 520 Palmetto 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 520 Palmetto Ave are:
Harbor City Elementary School: GreatSchools Rating 5/10
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 $2,177 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 5, 2019 for $158,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 520 Palmetto Ave has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 520 Palmetto Ave is 971 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 520 Palmetto Ave is 1942.

Rocket Homes›Florida›Brevard County›Melbourne›32901›520 Palmetto Ave

This home is located at 520 Palmetto Ave in Melbourne, FL and zip code 32901. This 971 square foot home, which was built in 1942, sits on a 0.15 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 05, 2024 and is currently priced at $305,000.

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. The median list price of listings available in March 2024 was $403,349, while the average time on the real estate market was 42 days.

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

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