NOT LISTED FOR SALE

520 Palmetto Ave Melbourne, FL 32901

Estimated Value: $243,000 - $260,000

3 Beds
1 Bath
971 Sq Ft
$259/Sq Ft Est. Value

Sale Details

Date Sold: June 7, 2024

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

Est. 5% decrease in value since last sale

Current estimated payment $1,569 / mo

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

6,534 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Year Built: 1942
  • Reso Property Sub Type: Single Family Residence
  • ResoLaundryFeatures: Electric Dryer Hookup
  • ResoLotFeatures: Many Trees, Historic Area
  • 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)
  • General Property Information Community Fee(s) YN: No
  • General Property Information CDD Fee YN: No
  • 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

Interior Features

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

Exterior Features

  • Exterior Features: Fire Pit, Impact Windows
  • Pool Features: None
  • Roof: Metal
  • Fencing: Chain Link, Wood, Fenced
  • Acres: 0.15
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: South

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Attached Carport, Attached, Carport

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

Condo/Co-op/Association

  • Senior Community: No
  • Association: 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

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2024
Closed on
Jun 7, 2024
Sold by
Bought by
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
$251,240

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,760
Avg. Annual Appreciation
-2.62%

Purchase Details

Closed on
Jun 3, 2019
Sold by
Bought by

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
Bought by

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
Bought by

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
Bought by

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
Bought by

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
Bought by

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$265,000 Bella Title & Escrow
$158,000 Title Security & Escrow Ofce
$157,500 Security First Title Partner
$126,500 Security First Title Partner
$93,500 --
-- --
$50,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $146,000
Previous Owner $126,000
Previous Owner $114,000
Previous Owner $88,800
Previous Owner $50,830
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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