NOT LISTED FOR SALE

506 3rd Ave Melbourne Beach, FL 32951

Estimated Value: $541,563 - $678,000

-- Bed
-- Bath
-- Sq Ft
0.28 Acres

Last Sold December 30, 2021

Last sale price $480,000

Est. 27% increase in value since last sale

Current estimated payment $3,697/month

107 Days on Market

Highlights

  • Wooded Lot
  • Gemini Elementary School Rated A-
  • No HOA

About This Home

As of December 2021

THIS IS THE PREMIER NON-WATERFRONT LOT IN MELBOURNE BEACH ! JUST 150 FEET TO YOUR SUNSET BENCH ON THE INDIAN RIVER , ON A DEAD END STREET , WITH SOME MATURE TREES , CITY WATER AND SEWER , CLOSE TO GEMINI SCHOOL AND THE SHOPS AND POST OFFICE OF OCEAN AVE.

Last Agent to Sell the Property

Edward Drass

Dale Sorensen Real Estate Inc. License #449294 Listed on: 08/03/2021

Dale Sorensen Real Estate Inc.

Last Buyer's Agent

Edward Drass

Treasure Coast Sotheby's Intl

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,026

Lot Details

  • 0.28 Acre Lot
  • Street terminates at a dead end
  • Wooded Lot
  • Many Trees

Schools

  • Gemini Elementary School
  • Hoover Middle School
  • Melbourne High School

Utilities

  • Cable TV Available

Community Details

  • No Home Owners Association
  • Wilcox Plat Of Melbourne Beach Resubd Of Blks 11 2 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 28-38-07-02-00011.0-0007.02

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,026

Lot Details

0

Listing Details

  • Property Type: Land
  • Reso Property Sub Type: Unimproved Land
  • ResoLotFeatures: Dead End Street, Many Trees, Wooded
  • Road Surface Type: Paved
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Wilcox Plat of Melbourne Beach Resubd of Blks 11 2
  • Location Tax and Legal Parcel Number2: 28-38-07-02-00011.0-0007.02
  • Location Tax and Legal Elementary School: Gemini
  • Location Tax and Legal Middle School2: Hoover
  • Location Tax and Legal High School: Melbourne
  • Location Tax and Legal Tax Annual Amount: 4026.06
  • Location Tax and Legal Tax Year2: 2020
  • General Property Information Lot Size Acres: 0.28
  • General Property Information Lot Size Square Feet2: 12197.0
  • General Property Information Waterfront YN: No
  • General Property Information Senior Community YN: No
  • Lot Features Dead End Street: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • Utilities Water Available: Yes
  • Utilities Sewer Available: Yes
  • General Property Information Lot Size Dimensions: 100X122 FT
  • General Property Information Number Of Lots2: 1.0
  • General Property Information Water Body Access YN3: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Exterior Features

  • Acres: 0.28
  • Waterfront: No
  • Lot Features:Wooded: Yes
  • Lot Features:Many Trees: Yes

Utilities

  • Utilities: Cable Available, Electricity Connected, Sewer Available, Water Available

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

  • Number Of Lots: 1
  • Current Use: Residential, Single Family
  • Lot Dimensions: 100X122 FT
  • Lot Size Sq Ft: 12197.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 28-38-07-02-00011.0-0007.02

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 4026.06

MLS Schools

  • Elementary School: Gemini
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2021
Closed on
Dec 30, 2021
Sold by
Levine and Irene
Bought by
Pezzeminti Jerry S
Seller's Agent
Edward Drass
Dale Sorensen Real Estate Inc.
Buyer's Agent
Edward Drass
Treasure Coast Sotheby's Intl
List Price
$535,000
Sold Price
$480,000
Premium/Discount to List
-$55,000
-10.28%
Current Estimated Value
$609,782

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,782
Avg. Annual Appreciation
6.17%
Original Mortgage
$463,628
Outstanding Balance
$224,651
Interest Rate
3.11%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$385,131

Purchase Details

Closed on
Jun 7, 2019
Sold by
Perkins Stephen M and Egeli Ingrid
Bought by
Levine Samuel and Berman Levine Irene
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Pezzeminti Jerry S $480,000 Whitebird Pllc
Levine Samuel $325,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pezzeminti Jerry S $463,628
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2021 12/30/21 Sold $480,000 -10.3% --
11/19/2021 11/19/21 Pending -- -- --
08/03/2021 08/03/21 For Sale $535,000 -- --
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 $6,037 $400,000 -- --
2024 $6,096 $400,000 -- --
2023 $6,096 $400,000 $400,000 $0
2022 $6,224 $400,000 $0 $0
2021 $4,331 $260,000 $260,000 $0
2020 $4,026 $240,000 $240,000 $0
2019 $483 $28,000 $28,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Edward Drass

    Seller's Agent in 2021

    Edward Drass

    Dale Sorensen Real Estate Inc.

    (321) 693-6531

    2 in this area

    8 Total Sales

    Edward Drass
    Section Image
See All Agents

Map

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

MLS Number: 912123

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-38-07-02-00011.0-0007.02

Florida Brevard County Melbourne Beach 32951

506 3rd Ave, Melbourne Beach, 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.

Space Coast MLS (Space Coast Association of REALTORS®) 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.

Nearby Homes