NOT LISTED FOR SALE

404 Palmetto Ave Melbourne, FL 32901

Estimated Value: $376,000 - $421,213

3 Beds
2 Baths
1,768 Sq Ft
$221/Sq Ft Est. Value

Last Sold August 25, 2023

Last sale price $485,000 $274 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $2,640/month

78 Days on Market

Highlights

  • Open Floorplan
  • No HOA
  • 2 Car Attached Garage
  • Great Room
  • Porch
  • 4-minute walk to Melbourne Military Memorial Park

About This Home

As of August 2023

Welcome to your new home, just a short walk from downtown Melbourne! This 3-bed, 2-bath property offers a modern open floor plan with elegant details. The kitchen is a highlight, featuring stainless steel Frigidaire appliances, quartz countertops, and a stylish island with an eating bar. The master bedroom offers a large walk-in closet and a luxurious bathroom with double sinks and a glass walk-in shower. Enjoy the covered patio overlooking a landscaped yard. The home is built with a galvalume metal roof and hurricane-resistant windows. Just 4 miles from Melbourne Beach, with easy access to SpaceX and NASA launches, and close to Melbourne and Orlando airports. This stylish and functional home is an ideal choice in Melbourne's vibrant city.

Last Agent to Sell the Property

Jared Lippelgoos

Coldwell Banker Residential RE License #3381753 Listed on: 05/15/2023

Coldwell Banker Residential RE

Last Buyer's Agent

Cynthia Tripp

Surfside Properties & Mgmt. License #3048755

Surfside Properties & Mgmt.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $516

Year Built

  • Built in 2023

Lot Details

  • 7,405 Sq Ft Lot
  • South Facing Home
  • Wood Fence
  • Front and Back Yard Sprinklers

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Metal Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,768 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Great Room

Kitchen

  • Convection Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

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

Outdoor Features

  • Patio
  • Porch

Schools

  • Harbor City Elementary School
  • Hoover Middle School
  • Melbourne High School

Utilities

  • Central Air
  • Heat Pump System
  • Shared Well
  • Well
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Wells Map No 3 Association
  • Wells Map No 3 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 28-37-03-33-00005.0-0012.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$516

Year Built

Built in 2023

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2023
  • Reso Property Sub Type: Single Family Residence
  • ResoLotFeatures: Sprinklers In Front, Sprinklers In Rear
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Wells Map No 3
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 28-37-03-33-00005.0-0012.00
  • Location Tax and Legal Elementary School: Harbor City
  • Location Tax and Legal Middle School2: Hoover
  • Location Tax and Legal High School: Melbourne
  • Location Tax and Legal Tax Annual Amount: 515.65
  • Location Tax and Legal Tax Year2: 2022
  • General Property Information Living Area2: 1768.0
  • General Property Information Building Area Total3: 2570.0
  • General Property Information Lot Size Acres: 0.17
  • General Property Information Lot Size Square Feet2: 7405.0
  • 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: South
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Fencing Fenced2: Yes
  • Fencing Wood2: Yes
  • Flooring Tile: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • Levels One: Yes
  • Pets Allowed Yes: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Electricity Connected: Yes
  • Water Source Well: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Room Types Great Room: Yes
  • Flooring Vinyl: Yes
  • Water Source Shared Well: Yes
  • Special Features: 4098
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Ceiling Fan(s), Kitchen Island, Open Floorplan, Pantry, Primary Bathroom - Tub with Shower, Split Bedrooms, Walk-In Closet(s)
  • Flooring: Tile, Vinyl
  • Appliances: Convection Oven, Dishwasher, Disposal, Electric Range, Electric Water Heater, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Appliances:Convection Oven: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Open Floorplan: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Kitchen Island: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Split Bedrooms: Yes
  • Interior Features:Walk-In Closet(s): Yes

Exterior Features

  • Pool Features: None
  • Roof: Metal
  • Fencing: Fenced, Wood
  • Acres: 0.17
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: South
  • Patio And Porch Features: Patio, Porch
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio and Porch Features:Porch: Yes
  • Lot Features:Sprinklers in Front: Yes
  • Lot Features:Sprinklers In Rear: Yes
  • ConstructionSiding:Roof Metal: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage Door Opener
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Attached: Yes
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Cooling: Central Air
  • Utilities: Electricity Connected
  • Heating: Electric, Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public, Shared Well, Well
  • Heating:Electric3: Yes
  • Heating:Heat Pump: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Name: WELLS MAP NO 3
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No
  • General Property Information:Association Name: WELLS MAP NO 3

Schools

  • Middle Or Junior School: Hoover

Lot Info

  • Lot Size Sq Ft: 7405.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 28-37-03-33-00005.0-0012.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 515.65

MLS Schools

  • Elementary School: Harbor City
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2023
Closed on
Aug 25, 2023
Sold by
Kofflin Frank D and Kofflin Judith E
Bought by
Malesky Dana R
Seller's Agent
Jared Lippelgoos
Coldwell Banker Residential RE
Buyer's Agent
Cynthia Tripp
Surfside Properties & Mgmt.
List Price
$539,000
Sold Price
$485,000
Premium/Discount to List
-$54,000
-10.02%
Views
287
Current Estimated Value
$407,694

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$77,306
Avg. Annual Appreciation
-8.64%
Original Mortgage
$363,750
Outstanding Balance
$355,690
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$35,113

Purchase Details

Closed on
Dec 6, 2001
Sold by
Jones Monte L
Bought by
Kofflin Frank D and Kofflin Judith E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
6.42%

Purchase Details

Closed on
Dec 5, 2001
Sold by
Oswell Ruth J and Jones Dennis Alfred
Bought by
Kofflin Frank D and Kofflin Judith E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
6.42%

Purchase Details

Closed on
Dec 4, 2001
Sold by
Jones Joel W and Jones Dennis Alfred
Bought by
Kofflin Frank D and Kofflin Judith E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
6.42%
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
Malesky Dana R $485,000 None Listed On Document
Malesky Dana R $485,000 None Listed On Document
Kofflin Frank D -- --
Kofflin Frank D -- --
Kofflin Frank D $65,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Malesky Dana R $363,750
Closed Malesky Dana R $363,750
Previous Owner Kofflin Frank D $52,000
Previous Owner Kofflin Frank D $52,000
Previous Owner Kofflin Frank D $52,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/25/2023 08/25/23 Sold $485,000 -3.0% $274 / Sq Ft
07/29/2023 07/29/23 Pending -- -- --
07/13/2023 07/13/23 Price Changed $499,900 -4.8% $283 / Sq Ft
06/28/2023 06/28/23 Price Changed $525,000 -2.6% $297 / Sq Ft
05/12/2023 05/12/23 For Sale $539,000 -- $305 / 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 $6,099 $358,240 -- --
2024 $677 $347,240 -- --
2023 $677 $64,400 $64,400 $0
2022 $516 $47,600 $0 $0
2021 $472 $39,200 $39,200 $0
2020 $454 $39,200 $39,200 $0
2019 $432 $36,400 $36,400 $0
2018 $388 $30,800 $30,800 $0
2017 $383 $7,700 $0 $0
2016 $364 $27,440 $27,440 $0
2015 $315 $21,070 $21,070 $0
2014 $271 $17,090 $17,090 $0
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 965063

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-37-03-33-00005.0-0012.00