NOT LISTED FOR SALE

1987 Wallace Ave Melbourne, FL 32935

Estimated Value: $237,000 - $291,000

3 Beds
2 Baths
1,405 Sq Ft
$188/Sq Ft Est. Value

About This Home

This home is located at 1987 Wallace Ave, Melbourne, FL 32935 and is currently estimated at $264,030, approximately $187 per square foot. 1987 Wallace Ave is a home located in Brevard County with nearby schools including Harbor City Elementary School, Herbert C. Hoover Middle School, and Eau Gallie High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 9, 2023
Sold by
Sai Property Investments Inc
Bought by
Sai Re Holdings 5 Llc
Current Estimated Value
$264,030

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,700,000
Outstanding Balance
$4,578,398
Interest Rate
6.57%
Mortgage Type
New Conventional
Estimated Equity
-$4,314,368

Purchase Details

Closed on
Nov 30, 2022
Sold by
Muck Kenneth E
Bought by
Sai Property Investments Inc
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sai Re Holdings 5 Llc $768,000 Title Team
Sai Property Investments Inc $213,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sai Re Holdings 5 Llc $4,700,000
Source: Public Records

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,971 $226,940 -- --
2024 $3,942 $223,750 -- --
2023 $3,942 $219,510 $70,000 $149,510
2022 $2,953 $206,060 $0 $0
2021 $2,653 $157,070 $60,000 $97,070
2020 $2,466 $147,990 $52,000 $95,990
2019 $2,402 $146,030 $48,000 $98,030
2018 $2,276 $138,450 $45,000 $93,450
2017 $2,093 $119,210 $35,000 $84,210
2016 $1,894 $91,000 $24,000 $67,000
2015 $1,790 $75,770 $20,620 $55,150
2014 $1,560 $68,340 $18,840 $49,500
Source: Public Records

Map

Florida Brevard County Melbourne 32935

1987 Wallace Ave, Melbourne, FL

This home is located at 1987 Wallace Ave, Melbourne, FL 32935 and is currently estimated at $264,030, approximately $187 per square foot. 1987 Wallace Ave is a home located in Brevard County with nearby schools including Harbor City Elementary School, Herbert C. Hoover Middle School, and Eau Gallie High School.

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