4 months on rocket

521 Palm Ave, Merritt Island, FL, 32952

$275,000

Home List Price

$3,266*

Closing Credit

3 Bedrooms
1 Full Bath
1,224 SqFt
$225/SqFt
House
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

521 Palm Ave, Merritt Island$275,000

Buyer Closing Credits

$3,266*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingOther
Year Built1959
HeatingCentral, Electric
CoolingCentral Air, Electric
MLS #982504
Lot Size0.18 Acres
StatusActive

About 521 Palm Ave

NEW ROOF!!! NO HOA!!! Concrete Block Home. Convenient and easily accessible South Merritt Island location in Merritt Ridge Subdivision. City water and sewer. Currently a 3 Bedroom, 1 Full Bath, Cute kitchen with Custom pot rack stays, Washer/Dryer stay, Roof (2024), A/C (2022), and Hot water Tank (2022). Shed or ''Shopartment'' detached in backyard plus screened porch. Open floor plan. New Vinyl plank floors...great potential for first time home buyer or investor. In a charming Florida-style neighborhood. Plenty of room to convert to a 4 bedroom/ 2 bath home.

Property Details

Property Features

Property Information:

  • Year Built: 1959
  • Stories: 1
  • Living Area: 1,224 SqFt

Listing Office:

  • Office Name: Tropical Realty & Inv. of Brev
  • Office Phone: (321) 453-4881
  • Listing Agent: Linda D Wise, Amanda Dee

Interior Features

Interior Information:

  • Appliances: Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Flooring Type: Vinyl
  • Interior: Breakfast Bar, Kitchen Island, Primary Bathroom - Tub with Shower, Primary Downstairs

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Other

Virtual/3D Tour

  • Virtual Tour: 521 Palm Ave

Virtual Tour

Lot Features

Lot Information:

  • Lot: Cul-De-Sac
  • Lot Size: 0.18 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Electric

School Info

Assigned Schools Information:

  • Merritt Island High School, Public District Grades PK-12
  • Thomas Jefferson Middle School, Public District Grades 7-8
  • Tropical Elementary School, Public District Grades KG-6

Other

Directions Information:

  • Directions: 520 to S Plumosa to West on Kennwood, Left on Indian St , Right on Plam Av to 521 on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $275,000
  • Price Per SqFt: $225/SqFt

Tax Information:

  • Annual Amount: $827
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Merritt Island, FL.

Map thumbnail provided by MapBox

Merritt Island, FL

City

Med. Sold Price

$469.3K

Med. Price/SqFt

$248

Avg. Days On Market

62

# of Sold Homes

67

521 Palm Ave vs Merritt Island

135 DAYS ON ROCKET

+73 Days

$275,000

-$194.3K Less

$225/SqFt

-$24 Less

KEY TAKEAWAY

This property is $194.3K less than the Median Sold Price and $24/SqFt less than other homes in Merritt Island, 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: #982504

Listing Office:

  • Office Name: Tropical Realty & Inv. of Brev
  • Office Phone: (321) 453-4881
  • Listing Agent: Linda D Wise, Amanda Dee

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: 4/28/2024, 12:50:21 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

Mar 27, 1997Home Sold
$40,000

Tax History

YEARPROP. TAXASSESSMENT
2020$827$54,020
2019$772$52,810
2018$770$51,830
2017$770$50,770

History based on county public records data.

Payment Calculator

$1,440

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$891

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-1922913
8
/10

  • Tropical Elementary School

  • 885 S Courtenay Pkwy

  • 0.50 miles

  • Public District Grades KG-6

Middle School

school-card-donut-1922914
4
/10

  • Thomas Jefferson Middle School

  • 1275 S Courtenay Pkwy

  • 1.08 miles

  • Public District Grades 7-8

High School

school-card-donut-1922915
4
/10

  • Merritt Island High School

  • 100 Mustang Way

  • 1.98 miles

  • Public District Grades PK-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $69,167. Most Merritt Island, FL residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 521 Palm Ave

What is the listing price of this property?

The listing price of 521 Palm Ave property is $275,000.

What type of property is this?

The property 521 Palm Ave is a house located in Merritt Island, Florida, 32952.

Is this property for sale now?

Active Listing: 521 Palm 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 521 Palm Ave are:
Tropical Elementary School: GreatSchools Rating 8/10
Thomas Jefferson Middle School: GreatSchools Rating 4/10
Merritt Island High School: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $827 (source: MLS/based on county public records data).

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

The last sale was on March 27, 1997 for $40,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 521 Palm Ave has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 521 Palm Ave is 1,224 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 521 Palm Ave is 1959.

Rocket Homes›Florida›Brevard County›Merritt Island›32952›521 Palm Ave

This home is located at 521 Palm Ave in Merritt Island, FL and zip code 32952 in the Merritt Ridge Sheet neighborhood. This 1,224 square foot home, which was built in 1959, sits on a 0.18 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since December 14, 2023 and is currently priced at $275,000.

While more than 4 listings in Merritt Island, FL in March 2024 were sold above asking price, there were more than 9 listings sold at asking price, and more than 54 were sold below. The number of listings in Merritt Island, FL increased by 10.2% between February 2024 and March 2024. The median list price of listings available in March 2024 was $469,360, while the average time on the real estate market was 62 days.

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

More Resources