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Melbourne Beach 32951
406 5th Avenue
$235,000
● House - Off Market

406 5th Avenue

Melbourne Beach, FL 32951
bedrooms
3 Beds
bathrooms
2 Baths
$433,691
RealtyHop Estimate
80.78%
Since May 1, 2015
National-US
Primary Model

About This Property

Great Location between Ocean and Intracoastal waterway. Walk to downtown

shopping, parks, post office, restaurants.

3 bedrooms 2 baths, wood burning fireplace, garage.
Unit Size
-
Days on Market
-
Land Size
0.21 acres
Price per sqft
-
Property Type
House
Property Taxes
$198
HOA Dues
-
Year Built
1960

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (Space Coast MLS #704675)

Price History

Date / Event Date Event Price
Apr 10, 2015 Sold
Premium
Sold
Aug 22, 2014 Listed by One Sotheby's International $239,900
Listed by One Sotheby's International
Mar 18, 2004 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1985
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 10
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 320
  • Parking Space Count: 1
  • Patio Type: 92
  • Porch Type: 35
  • Pool Type: 0
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 9,148
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 642
  • Total Building Area: 1,945
  • Gross Building Area: 1,945
  • Building Area: 1,292
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,292
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WILCOX MELBOURNE BEACH
  • Land Acres: 0000000210
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: WILCOX MELBOURNE BEACH LOT 16 BLK 22

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 066101

Zoning

  • Zoning: 3RS

Geography

  • Assessors Map Reference: 336
  • Account Number: 2847498
  • Parcel: 28-38-07-FY-00022.0-0016.00
  • Block: 22
  • Lot: 16
  • Meridian: SEC 07 TWN 28S RNG 38E
  • Municipality: MELBOURNE BEACH
  • Latitude: 28.0637
  • Longitude: -80.5615

    Address

  • Full Address: 406 5th Ave
  • Address - House Number: 406
  • Address - Street Name: 5th
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Melbourne Beach
  • Carrier Code: C003
  • 4-Digit Zip Code: 2604
  • Zip Code: 32951

Valuation

    Tax

  • Total Area: 1,562
  • Tax Year: 2022
  • Tax Amount: $269,648
  • Tax Rate Code Area: 34X0

    Appraisal Valuation

  • Standard Deviation: 0.197
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 73
  • Final Value: 544,657
  • High Value: 651,976
  • Low Value: 437,338

    Market Valuation

  • Market Total Value: $370,910

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $208,230

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 03, 2015
  • Current Sale Recording Date: Apr 10, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2015070136
  • Previous Sale Recording Date: Mar 18, 2004
  • Previous Sale Contract Date: Mar 12, 2004
  • Previous Sale Amount: $220,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Melbourne Beach

Stats & Trends

Median Asking:

$760,000

Sale Price/ft²

$410

Below Asking

0.02%

Average Days on Market

74

Average Home Size

2407 ft²

Average Home Age

54.1 years

Currently For Sale

16 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1706 Atlantic Street, Melbourne Beach, FL, 32951

$2,300 /mo

  • 2 Beds
  • 2 Baths
  • 1,575 ft²
1706 Atlantic Street #3B, Melbourne Beach, FL, 32951 Listing by Eric S Van Dam
Unit for rent at 1700 Atlantic Street, Melbourne Beach, FL, 32951

$2,250 /mo

  • 2 Beds
  • 2 Baths
  • 1,120 ft²
1700 Atlantic Street #1, Melbourne Beach, FL, 32951 Listing by Jody V Donnelly
Unit for rent at 103 La Costa Street, Melbourne, FL, 32951

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,800 ft²
103 La Costa Street #5A, Melbourne, FL, 32951 Listing by Eric S Van Dam

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Henry M Saunders, One Sotheby's International
Last Updated: 3 years ago
Data Source: Space Coast MLS, MLS# 704675
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.

Frequently Asked Questions

When was property at 406 5th Avenue built and last sold?
The property at 406 5th Avenue was built in 1960 and last sold on Apr 3, 2015 for $235,000.
How much is this home worth?
The estimated value of the home located at 406 5th Avenue is $242,299.
What are some comparable homes to 406 5th Avenue?
There are currently no comparable homes to 406 5th Avenue.
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