NOT LISTED FOR SALE

2514 Reed Ave Melbourne, FL 32901

Estimated Value: $372,000 - $428,000

3 Beds
2 Baths
1,705 Sq Ft
$241/Sq Ft Est. Value

Last Sold August 19, 2022

Last sale price $425,000 $249 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $2,661/month

Highlights

  • In Ground Pool
  • RV Access or Parking
  • No HOA
  • Melbourne Senior High School Rated A-
  • Pool View
  • Screened Porch

About This Home

As of January 2023

Great Location, Split Plan, Pool home. Downtown Melbourne area. Updated Kitchen, Baths, Pool, Roof, and AC. Spacious split plan, pool home with tropical landscape and fenced yard. Boat/RV parking. Oversized side entry garage. Almost a third of an acre in a neighborhood with sidewalks, curbs and gutters. Convenient to EVERYTHING. 10 Minutes to the Beach, I-95 and Melbourne International Airport. 5 Minutes to Historic Downtown Melbourne. Walking distance to Florida Tech and Crane Creek Reserve golf course.

Last Agent to Rent the Property

Gene Lewis

Atlantic Properties & Inv, Inc License #591984 Listed on: 12/17/2022

Last Renter's Agent

Mona Stevenson

Cloud 9 Real Estate Group License #3373131

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,139

Year Built

  • Built in 1974

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 85x144
  • East Facing Home
  • Fenced

Parking

  • 2 Car Garage
  • RV Access or Parking

Interior Spaces

  • 1,705 Sq Ft Home
  • 1-Story Property
  • Screened Porch
  • Pool Views
  • Electric Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub and Shower Combination in Primary Bathroom

Outdoor Features

  • In Ground Pool
  • Patio

Schools

  • University Park Elementary School
  • Stone Middle School
  • Melbourne High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Country Club Terrace Association
  • Country Club Terrace Subdivision

Listing and Financial Details

  • Property Available on 12/17/22
  • The owner pays for grounds care, pool maintenance, taxes
  • Rent includes trash collection
  • Assessor Parcel Number 28-37-09-28-0000b.0-0004.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,139

Year Built

Built in 1974

Lot Details

0

Parking

2

Rental Info

  • Furnished: Unfurnished
  • Rent Includes: Trash Collection
  • Lease Term: 12 Months
  • Owner Pays: Grounds Care, Pool Maintenance, Taxes
  • Available Date: 2022-12-17

Listing Details

  • Property Type: Residential Lease
  • Year Built: 1974
  • Reso Property Sub Type: Single Family Residence
  • ResoLaundryFeatures: Electric Dryer Hookup
  • Reso View: Pool
  • Subdivision Name: Country Club Terrace
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • Location Tax and Legal Parcel Number2: 28-37-09-28-0000b.0-0004.00
  • Location Tax and Legal Elementary School: University Park
  • Location Tax and Legal Middle School2: Stone
  • Location Tax and Legal High School: Melbourne
  • General Property Information Living Area2: 1705.0
  • General Property Information Lot Size Acres: 0.28
  • General Property Information Lot Size Square Feet2: 12196.8
  • General Property Information Waterfront YN: No
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: East
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Fencing Fenced2: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Levels One: Yes
  • Pets Allowed Yes: Yes
  • Pool Features In Ground: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • View Pool: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • Utilities Sewer Available: Yes
  • General Property Information Lot Size Dimensions: 85x144
  • Pets Allowed Breed Restrictions: Yes
  • Pets Allowed Dogs OK: Yes
  • Utilities Electricity Available: Yes
  • General Property Information:Pool Private YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Breakfast Bar, Eat-in Kitchen, Primary Bathroom - Tub with Shower, Primary Downstairs, Walk-In Closet(s)
  • Appliances: Dishwasher, Disposal, Electric Range, Electric Water Heater, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • ResoLivingAreaSource: PublicRecords
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Interior Features:Primary Downstairs: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Breakfast Bar: Yes
  • Interior Features:Walk-In Closet(s): Yes

Exterior Features

  • Pool Features: In Ground
  • Fencing: Fenced
  • Acres: 0.28
  • Pool Private: Yes
  • Waterfront: No
  • Direction Faces: East
  • Patio And Porch Features: Patio, Porch, Screened
  • Patio And Porch Features:Patio: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Screened: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Garage, RV Access/Parking
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Garage: Yes
  • Parking Features:RV AccessParking: Yes

Utilities

  • Cooling: Central Air, Electric
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Name: COUNTRY CLUB TERRACE
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No
  • General Property Information:Association Name: COUNTRY CLUB TERRACE

Schools

  • Middle Or Junior School: Stone

Lot Info

  • Lot Dimensions: 85x144
  • Lot Size Sq Ft: 12196.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 28-37-09-28-0000b.0-0004.00
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: University Park
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2022
Closed on
Aug 17, 2022
Sold by
Elizabeth Lockwood Tina
Bought by
Korineck Lori
Seller's Agent
Stacey Buchanan
Melbourne Realty, Inc.
Buyer's Agent
Victoria Lichti
RE/MAX Alternative Realty
List Price
$429,900
Sold Price
$425,000
Premium/Discount to List
-$4,900
-1.14%
Views
10
Current Estimated Value
$410,425

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,575
Avg. Annual Appreciation
-1.09%
Original Mortgage
$275,000
Outstanding Balance
$262,469
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$147,956

Purchase Details

Closed on
Mar 24, 2021
Sold by
Lockwood Tina E and Overly Tina E
Bought by
Lockwood Tina E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,881
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 10, 2016
Sold by
Overly Terry L
Bought by
Overley Tina E

Purchase Details

Closed on
Mar 1, 2016
Bought by
Lockwood Tina

Purchase Details

Closed on
Apr 15, 2005
Sold by
Overly Terry L and Overly Tina E
Bought by
Overly Terry L and Overly Tina E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,400
Interest Rate
5.79%

Purchase Details

Closed on
Jul 13, 2004
Sold by
Overly Terry L and Overly Tina E
Bought by
Overly Terry L and Overly Tina E

Purchase Details

Closed on
Oct 21, 1999
Sold by
Niksch Gerald Louis
Bought by
Overly Terry J and Overly Tina E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
7.81%

Purchase Details

Closed on
Oct 27, 1994
Sold by
Niksch Herbert W and Niksch Geneveive W
Bought by
Niksch Herbert W and Niksch Geneveive W
Source: Public Records

Range of Values:

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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
Korineck Lori $425,000 State Title Partners
Lockwood Tina E -- Mortgage Connect Lp
Overley Tina E -- Attorney
Lockwood Tina $100 --
Overly Terry L -- Alliance Title
Overly Terry L -- --
Overly Terry J $105,000 --
Niksch Herbert W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Korineck Lori $275,000
Previous Owner Lockwood Tina E $61,881
Previous Owner Overly Terry L $79,400
Previous Owner Overly Terry J $84,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/19/2023 01/19/23 Rented $2,800 0.0% --
01/17/2023 01/17/23 Price Changed $2,800 -6.7% $2 / Sq Ft
12/17/2022 12/17/22 For Rent $3,000 0.0% --
08/19/2022 08/19/22 Sold $425,000 -1.1% $249 / Sq Ft View Prior Sale
08/03/2022 08/03/22 Pending -- -- --
07/28/2022 07/28/22 For Sale $429,900 0.0% $252 / Sq Ft
06/22/2022 06/22/22 Pending -- -- --
06/17/2022 06/17/22 For Sale $429,900 -- $252 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

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 $6,139 $317,110 -- --
2024 $4,954 $349,560 -- --
2023 $4,954 $318,350 $75,000 $243,350
2022 $1,188 $105,230 $0 $0
2021 $1,187 $102,170 $0 $0
2020 $1,169 $100,760 $0 $0
2019 $1,166 $98,500 $0 $0
2018 $1,155 $96,670 $0 $0
2017 $1,148 $94,690 $0 $0
2016 $101 $92,750 $30,000 $62,750
2015 $101 $92,110 $25,000 $67,110
2014 $101 $91,380 $20,000 $71,380
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Space Coast MLS (Space Coast Association of REALTORS®)

MLS Number: 952812

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-37-09-28-0000B.0-0004.00