NOT LISTED FOR SALE

501 E Fee Ave Melbourne, FL 32901

Estimated Value: $365,000 - $399,000

2 Beds
2 Baths
1,492 Sq Ft
$260/Sq Ft Est. Value

Sale Details

Date Sold: February 1, 2023

Last sale price $220,000 $147 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $2,333 / mo

10 Days on Market

Highlights

  • City View
  • End Unit
  • Shade Shutters
  • Property is near public transit
  • No HOA
  • 5-minute walk to Melbourne Military Memorial Park

About This Home

As of February 2023

This is the perfect opportunity if you are looking to save some money! This is a 2 Bed 2 Bath home in a prime location that needs some love. The home is structurally sound but could use some renovating. Do it slowly and end up with a great home for the family or do a complete facelift and easily make your investment back! The home is at walking distance to Downtown Melbourne, Wells Park and The IndianRiver. A convenient location like this can make a great rental or Airbnb. The beach is 10 minutes away!! Don't miss out on this one!

Last Agent to Sell the Property

Karlene Grimes

KELLER WILLIAMS ADVANTAGE III License #3202664 Listed on: 11/19/2022

KELLER WILLIAMS ADVANTAGE III

Last Buyer's Agent

Stellar Non-Member Agent

STELLAR NON-MEMBER OFFICE

STELLAR NON-MEMBER OFFICE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $269

Year Built

  • Built in 1959

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 74.66x137
  • West Facing Home
  • Property is zoned R1A

Home Design

  • Slab Foundation
  • Shingle Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,492 Sq Ft Home
  • 1-Story Property
  • Shade Shutters
  • Inside Utility
  • City Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Carport Space
  • Driveway

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Property is near public transit

Community Details

  • No Home Owners Association
  • La Bertha Lawn Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$269

Year Built

Built in 1959

Lot Details

10,019 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Concrete, Stucco
  • Fireplace: No
  • Living Area: 1492
  • Lot Size Acres: 0.23
  • New Construction: No
  • Year Built: 1959
  • Building Area Total: 1980
  • Lot Size Sq Ft: 10019
  • Status: Sold
  • Street Direction: E
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/O6073145?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/O6073145?w=Customer
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Property Description: Corner Unit
  • Ratio: Close Price\List Price: 1.00457
  • Price per Sq Ft: 147.45
  • Close to Original List Price Ratio: 1.00457
  • Ratio: Current Price\Building Area Total: 111.11
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2021
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Other
  • Full Bathrooms: 2
  • Interior Amenities: Other
  • Appliances Included: Other
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 1
  • Window Features: Shade Shutter(s)
  • Room Count: 4
  • Additional Rooms: Inside Utility
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: West
  • Exterior Features: Lighting, Sidewalk
  • Roof: Shingle
  • Pool Private: No
  • View: City
  • Waterfront: No
  • Road Surface Type: Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12009C0603H

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Driveway
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

  • Utilities: Cable Available, Electricity Available, Electricity Connected, Sewer Available, Water Available
  • Cooling: Central Air
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association Approval Required YN: No

Lot Info

  • Zoning: R1A
  • Parcel Number: 28-37-03-01-00044.0-0017.00
  • Additional Parcels: No
  • Lot Features: Near Public Transit, Sidewalk
  • Lot Dimensions: 74.66x137
  • Flood Zone Code: X
  • Flood Zone Date: 2021-01-29
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Minimum Lease: No Minimum
  • Lease Restrictions Y N: No

Tax Info

  • Tax Annual Amount: 268.54
  • Tax Block: 44
  • Tax Book Number: 3-48
  • Tax Lot: 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 17, 2024
Sold by
Kathleen Ann Culp Revocable Living Trust and Culp Kathleen Ann
Bought by
Aliberti-Culp Family Revocable Living Trust and Aliberti
Current Estimated Value
$388,072

Purchase Details

Listed on
Nov 19, 2022
Closed on
Feb 1, 2023
Sold by
Obrien Terrance J
Bought by
Kathleen Ann Culp Revocable Living Trust
Seller's Agent
Karlene Grimes
KELLER WILLIAMS ADVANTAGE III
Buyer's Agent
Stellar Non-Member Agent
STELLAR NON-MEMBER OFFICE
List Price
$219,000
Sold Price
$220,000
Premium/Discount to List
$1,000
0.46%
Views
39

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.74%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Aliberti-Culp Family Revocable Living Trust $100 None Listed On Document
Aliberti-Culp Family Revocable Living Trust $100 None Listed On Document
Kathleen Ann Culp Revocable Living Trust $220,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/01/2023 02/01/23 Sold $220,000 +0.5% $147 / Sq Ft
11/30/2022 11/30/22 Pending -- -- --
11/19/2022 11/19/22 For Sale $219,000 -- $147 / Sq Ft
Source: Stellar MLS

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 $2,913 $169,610 -- --
2024 $2,768 $162,410 -- --
2023 $2,768 $162,880 -- --
2022 $2,378 $132,830 $0 $0
2021 $269 $34,300 $0 $0
2020 $261 $33,830 $0 $0
2019 $253 $33,070 $0 $0
2018 $244 $32,460 $0 $0
2017 $235 $31,800 $0 $0
2016 $229 $35,280 $35,280 $0
2015 $229 $30,940 $27,620 $3,320
2014 $223 $30,700 $22,400 $8,300
Source: Public Records

Agents Affiliated with this Home

  • Karlene Grimes

    Seller's Agent in 2023

    Karlene Grimes

    KELLER WILLIAMS ADVANTAGE III

    (646) 732-2730

    1 in this area

    134 Total Sales

    Karlene Grimes
    Section Image
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Map

Source: Stellar MLS

MLS Number: O6073145

Stellar MLS

APN: 28-37-03-01-00044.0-0017.00

Florida Brevard County Melbourne 32901

501 E Fee Ave, Melbourne, FL

Not Listed for Sale

Detached

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Based on information submitted to the MLS GRID

Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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