NOT LISTED FOR SALE

520 Palmetto Ave Melbourne, FL 32901

Estimated Value: $249,839 - $279,000

3 Beds
1 Bath
971 Sq Ft
$271/Sq Ft Est. Value

Last Sold June 07, 2024

Last sale price $265,000 $273 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $1,543/month

57 Days on Market

Highlights

  • The property is located in a historic district
  • 1 Fireplace
  • No HOA
  • Wood Flooring
  • Sun or Florida Room
  • Attached Garage

About This Home

As of June 2024

Unbeatable location in the heart of downtown Melbourne within walking distance to shops, restaurants, Hotel Melby , Fee Avenue park & all of the entertainment downtown has to offer. This charming cottage offers an oversized carport, metal roof, impact windows (2016), farmhouse kitchen sink, new refrigerator (2024) hardwood floors, crown molding & American Standard Whirlpool jet tub, coastal interior paint. Upgrades included electrical system (2005) & no copper pipes - all PVC & PEX. This home features an attached sun room with plenty of natural light perfect for plants or a painting studio, French doors & high ceilings. You'll love the lush landscaping, window flower boxes & large, fully-fenced outdoor space boasting a custom fire pit, large oak tree providing an abundance of shade & mango trees. This property is brimming with potential & comes with the downtown charm & all the freedom of No HOA.

Last Agent to Sell the Property

Jonathan Krauser

J. Edwards Real Estate License #3127056 Listed on: 04/09/2024

Last Buyer's Agent

REBECCA MACIEL

J. Edwards Real Estate License #3162341

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,514

Year Built

  • Built in 1942

Lot Details

  • 6,534 Sq Ft Lot
  • South Facing Home
  • Wood Fence
  • Chain Link Fence
  • Many Trees
  • Historic Home

Home Design

  • Metal Roof
  • Concrete Siding
  • Block Exterior
  • Asphalt
  • Stucco

Interior Spaces

  • 971 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Living Room
  • Dining Room
  • Sun or Florida Room
  • High Impact Windows
  • Electric Dryer Hookup

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Parking

  • Attached Garage
  • 2 Attached Carport Spaces

Outdoor Features

  • Fire Pit
  • Shed

Location

  • The property is located in a historic district

Schools

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

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • La Bertha Lawn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 28-37-03-01-00043.0-0016.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,514

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1942
  • Reso Property Sub Type: Single Family Residence
  • ResoLaundryFeatures: Electric Dryer Hookup
  • ResoLotFeatures: Historic Area, Many Trees
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: La Bertha Lawn
  • Architectural Style: Historic
  • Carport Y N: Yes
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Reso Other Structures: Shed(s)
  • Location Tax and Legal Parcel Number2: 28-37-03-01-00043.0-0016.00
  • 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: 2513.76
  • Location Tax and Legal Tax Year2: 2023
  • General Property Information Living Area2: 971.0
  • General Property Information Building Area Total3: 1496.0
  • General Property Information Lot Size Acres: 0.15
  • General Property Information Lot Size Square Feet2: 6534.0
  • General Property Information New Construction YN: No
  • General Property Information Carport Spaces2: 2.0
  • General Property Information Waterfront YN: No
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: South
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Fencing Fenced2: Yes
  • Fencing Wood2: Yes
  • Flooring Tile: Yes
  • General Property Information Community Fee(s) YN: No
  • Flooring Wood: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Levels One: Yes
  • Road Surface Type Asphalt: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • Fencing Chain Link: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: Yes
  • Other Structures Shed(s): Yes
  • Utilities Water Available: Yes
  • Room Types Dining Room: Yes
  • Room Types Living Room: Yes
  • Utilities Sewer Available: Yes
  • Room Types Florida Room: Yes
  • General Property Information Lot Size Dimensions: 95 ft x 70 ft
  • Lot Features Historic Area: Yes
  • Utilities Electricity Available: Yes
  • Utilities Sewer Connected: Yes
  • General Property Information Land Lease YN2: No
  • General Property Information CDD Fee YN: No
  • Utilities Water Connected: Yes
  • General Property Information Stories2: 1
  • Architectural Style Historic: Yes
  • Marketing Remarks:Marketing Remarks: Unbeatable location in the heart of downtown Melbourne within walking distance to shops, restaurants, Hotel Melby , Fee Avenue park & all of the entertainment downtown has to offer. This charming cottage offers an oversized carport, metal roof, impact windows (2016), farmhouse kitchen sink, new refrigerator (2024) hardwood floors, crown molding & American Standard Whirlpool jet tub, coastal interior paint. Upgrades included electrical system (2005) & no copper pipes - all PVC & PEX. This home features an attached sunroom with plenty of natural light perfect for plants or a painting studio, French doors & high ceilings. You'll love the lush landscaping, window flower boxes & large, fully-fenced outdoor space boasting a custom fire pit, large oak tree providing an abundance of shade & mango trees. This property is brimming with potential & comes with the downtown charm & all the freedom of No HOA.
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Flooring: Tile, Wood
  • Appliances: Refrigerator
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Exterior Features: Fire Pit, Impact Windows
  • Pool Features: None
  • Roof: Metal
  • Fencing: Chain Link, Fenced, Wood
  • Acres: 0.15
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: South
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Exterior Features:Fire Pit: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Lot Features:Many Trees: Yes
  • Exterior Features:Impact Windows: Yes

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Attached, Attached Carport, Carport
  • General Property Information:Garage YN: No
  • Parking Features:Attached: Yes
  • Parking Features:Carport: Yes
  • Parking Features:Attached Carport: Yes

Utilities

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

  • Current Use: Residential, Single Family
  • Land Lease: No
  • Lot Dimensions: 95 ft x 70 ft
  • Lot Size Sq Ft: 6534.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 28-37-03-01-00043.0-0016.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 2513.76

MLS Schools

  • Elementary School: Harbor City
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2024
Closed on
Jun 7, 2024
Sold by
Cox Jayme
Bought by
Sloat Dennis M
Seller's Agent
Jonathan Krauser
J. Edwards Real Estate
Buyer's Agent
REBECCA MACIEL
J. Edwards Real Estate
List Price
$330,000
Sold Price
$265,000
Premium/Discount to List
-$65,000
-19.7%
Views
94
Current Estimated Value
$255,672

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,328
Avg. Annual Appreciation
-0.53%

Purchase Details

Closed on
Jun 3, 2019
Sold by
Parsons James J and Parsons Donna L
Bought by
Cox Jayme

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,000
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 2006
Sold by
Mosch Edward C
Bought by
Parsons James J and Parsons Donna L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
6.36%

Purchase Details

Closed on
Jul 12, 2004
Sold by
Ross Erick A and Ross Kari A
Bought by
Mosch Edward C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
3.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 6, 2001
Sold by
Lantgios Tuesday W
Bought by
Ross Erick A and Petrone Kari A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,800
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 15, 2001
Sold by
Sharpe Meaders Alice S and Sharpe Meaders Alice
Bought by
Meaders Alice Sharpe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,800
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 7, 1994
Sold by
Ramey Lillian Perkins and Pflaum Leanne F
Bought by
Lantgios Tuesday W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,830
Interest Rate
7.25%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sloat Dennis M $265,000 Bella Title & Escrow
Cox Jayme $158,000 Title Security & Escrow Ofce
Parsons James J $157,500 Security First Title Partner
Mosch Edward C $126,500 Security First Title Partner
Ross Erick A $93,500 --
Meaders Alice Sharpe -- --
Lantgios Tuesday W $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cox Jayme $146,000
Previous Owner Parsons James J $126,000
Previous Owner Mosch Edward C $114,000
Previous Owner Ross Erick A $88,800
Previous Owner Lantgios Tuesday W $50,830
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/07/2024 06/07/24 Sold $265,000 -5.3% $273 / Sq Ft
06/06/2024 06/06/24 Pending -- -- --
05/01/2024 05/01/24 Price Changed $279,900 -8.2% $288 / Sq Ft
04/24/2024 04/24/24 Price Changed $305,000 +1.7% $314 / Sq Ft
04/24/2024 04/24/24 Price Changed $300,000 -9.1% $309 / Sq Ft
04/09/2024 04/09/24 For Sale $330,000 -- $340 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

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 $2,579 $203,540 -- --
2024 $2,514 $183,890 -- --
2023 $2,514 $178,540 $0 $0
2022 $2,353 $173,340 $0 $0
2021 $2,202 $116,620 $49,000 $67,620
2020 $2,177 $114,590 $49,000 $65,590
2019 $485 $45,380 $0 $0
2018 $477 $44,540 $0 $0
2017 $469 $43,630 $0 $0
2016 $471 $42,740 $34,300 $8,440
2015 $476 $42,450 $22,660 $19,790
2014 $466 $42,120 $18,380 $23,740
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 1009993

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-37-03-01-00043.0-0016.00