NOT LISTED FOR SALE

401 E Melbourne Ave Melbourne, FL 32901

Estimated Value: $314,000 - $369,000

4 Beds
2 Baths
1,358 Sq Ft
$253/Sq Ft Est. Value

Last Sold February 27, 2015

Last sale price $112,000 $82 Per Sq Ft

Est. 207% increase in value since last sale

Current estimated payment $1,915/month

352 Days on Market

Highlights

  • The property is located in a historic district
  • Main Floor Primary Bedroom
  • Great Room
  • View of Trees or Woods
  • Corner Lot
  • No HOA

About This Home

As of February 2015

BANK APPROVED PRICE!!! BUYERS WALKED!
HISTORIC DOWNTOWN MELBOURNE. This home is within walking distance to downtown. Located on the corner of Oak and E. Melbourne Avenue yet this home is set in a very private wooded lot for extra privacy. Walk to Crane Creek. The home has two bedrooms downstairs and a full bathroom upstairs and two bedrooms and full bath downstairs. Home offers a nice open floor plan with an open kitchen. The 2 car garage was partially enclosed, but never finished so it can be converted back into a garage or finished as a nice family room. This is an incredible deal!!! Please note home is being sold as is.

Last Agent to Sell the Property

Chuck Alzamora

CBA Realty Group License #3019696 Listed on: 01/16/2015

Last Buyer's Agent

Veronica Callaghan

RE/MAX Olympic Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $834

Year Built

  • Built in 1980

Lot Details

  • 9,148 Sq Ft Lot
  • West Facing Home
  • Corner Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Frame Construction
  • Shingle Roof
  • Wood Siding
  • Vinyl Siding
  • Asphalt

Interior Spaces

  • 1,358 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Ceiling Fan
  • Great Room
  • Views of Woods
  • Hurricane or Storm Shutters

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Ice Maker

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Laundry

  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Schools

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

Utilities

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

Additional Features

  • Patio
  • Accessory Dwelling Unit (ADU)
  • The property is located in a historic district

Community Details

  • No Home Owners Association
  • Meyers Add To Melbourne Subdivision

Listing and Financial Details

  • Short Sale
  • Assessor Parcel Number 28-37-03-53-00000.0-0104.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$834

Year Built

Built in 1980

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1980
  • Reso Property Sub Type: Single Family Residence
  • ResoLaundryFeatures: Electric Dryer Hookup, Gas Dryer Hookup, In Garage, Washer Hookup
  • ResoLotFeatures: Corner Lot, Historic Area
  • Road Surface Type: Asphalt
  • Reso View: Trees/Woods
  • ResoSpecialListingConditions: Short Sale
  • Subdivision Name: Meyers Add To Melbourne
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 28-37-03-53-00000.0-0104.00
  • Location Tax and Legal Elementary School: University Park
  • Location Tax and Legal Middle School2: Hoover
  • Location Tax and Legal High School: Melbourne
  • Location Tax and Legal Tax Annual Amount: 833.59
  • Location Tax and Legal Tax Year2: 2013
  • General Property Information Living Area2: 1358.0
  • General Property Information Building Area Total3: 1838.0
  • General Property Information Lot Size Acres: 0.21
  • General Property Information Lot Size Square Feet2: 9148.0
  • General Property Information New Construction YN: No
  • General Property Information Waterfront YN: No
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: West
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Flooring Tile: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Road Surface Type Asphalt: Yes
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • Flooring Carpet: Yes
  • Levels Two: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • Room Types Great Room: Yes
  • View TreesWoods: Yes
  • General Property Information Lot Size Dimensions: 72.0 ft x 150.0 ft
  • Lot Features Historic Area: Yes
  • Accessory Dwelling Information Dwelling Type: Garage
  • Special Listing Conditions Short Sale: Yes
  • Special Features: 12
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Built-in Features, Ceiling Fan(s), Eat-in Kitchen, Primary Downstairs, Other
  • Flooring: Carpet, Tile
  • Appliances: Electric Range, Electric Water Heater, Ice Maker, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • ResoLivingAreaSource: PublicRecords
  • Appliances:Electric Water Heater: Yes
  • Interior Features:Primary Downstairs: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Built-in Features: Yes
  • Interior Features:Ceiling Fan(s): Yes

Exterior Features

  • Exterior Features: Storm Shutters
  • Pool Features: None
  • Roof: Shingle
  • Acres: 0.21
  • Waterfront: No
  • Construction Type: Frame, Vinyl Siding, Wood Siding
  • Direction Faces: West
  • Patio And Porch Features: Patio
  • Patio And Porch Features:Patio: Yes
  • Exterior Features:Storm Shutters: Yes
  • Construction Materials:Frame: Yes
  • Construction Materials:Wood Siding: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Lot Features:Corner Lot: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Laundry Features:In Garage: Yes
  • Parking Features:Attached: Yes

Utilities

  • Cooling: Central Air, Electric
  • Utilities: Cable Available, Electricity Connected, 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: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Hoover

Lot Info

  • Lot Dimensions: 72.0 ft x 150.0 ft
  • Lot Size Sq Ft: 9148.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 28-37-03-53-00000.0-0104.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 833.59

MLS Schools

  • Elementary School: University Park
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2015
Closed on
Feb 27, 2015
Sold by
Elliott Scott and Elliott Nancy
Bought by
Bakey William A and Bakey Karen L
Seller's Agent
Chuck Alzamora
CBA Realty Group
Buyer's Agent
Veronica Callaghan
RE/MAX Olympic Realty
List Price
$139,900
Sold Price
$112,000
Premium/Discount to List
-$27,900
-19.94%
Current Estimated Value
$344,149

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$232,149
Avg. Annual Appreciation
10.90%
Original Mortgage
$89,600
Outstanding Balance
$68,852
Interest Rate
3.77%
Estimated Equity
$275,297

Purchase Details

Closed on
Jun 30, 2004
Sold by
Taylor Jill and The Harrison E & Winifred M Du
Bought by
Macdonald Christopher P and Macdonald Siobhan E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,763
Interest Rate
6.25%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bakey William A $112,000 Landing Title Agency Inc
Macdonald Christopher P $139,900 State Title Partners Llp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bakey William A $89,600
Previous Owner Macdonald Christopher P $128,763
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/27/2015 02/27/15 Sold $112,000 -19.9% $82 / Sq Ft
01/22/2015 01/22/15 Pending -- -- --
02/04/2014 02/04/14 For Sale $139,900 -- $103 / 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 $1,344 $115,480 -- --
2024 $1,299 $112,230 -- --
2023 $1,299 $108,970 $0 $0
2022 $1,198 $105,800 $0 $0
2021 $1,197 $102,720 $0 $0
2020 $1,179 $101,310 $0 $0
2019 $1,176 $99,040 $0 $0
2018 $1,048 $91,110 $0 $0
2017 $1,040 $89,240 $0 $0
2016 $1,055 $87,410 $28,510 $58,900
2015 $862 $76,990 $28,510 $48,480
2014 $848 $76,380 $23,110 $53,270
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 688392

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-37-03-53-00000.0-0104.00