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Sebastian 32958
497 Melrose Lane
$269,000
↓ $15K (5.3%)
● House - For Sale

497 Melrose Lane

Sebastian, FL 32958
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,072 Ft²
$1,661
Est. Monthly

About This Property

Unapproved Short Sale.   Welcome home to this Sebastian Highlands property, situated on a desirable corner lot with NO HOA, giving you the freedom to enjoy your home without restrictions or added fees.  This 3-bedroom, 2-bathroom home offers a functional layout with high vaulted ceilings and a main living area that flows seamlessly into the dining space and kitchen. The kitchen features a quartz breakfast bar, textured wood cabinetry, and stainless steel appliances, providing a great foundation for future updates or personal touches.  Step outside through the impact glass French doors to an oversized covered and screened patio, perfect for relaxing or entertaining, all overlooking the fully fenced backyard with a 2024 privacy fence--ideal for pets, kids, and added privacy.  Major improvements have already been taken care of, including a 2024 roof and a recently installed tankless water heater, helping reduce big-ticket concerns for the next owner. Conveniently located just minutes from Publix, golf courses, restaurants, the river, and only 15 minutes to the beach, this home offers strong potential in a great location.  If you're looking for a property with good bones, no HOA, and the opportunity to make it your own, this is one you won't want to miss.
Unit Size
1,072 Ft²
Days on Market
208 days
Land Size
0.31 acres
Price per sqft
$251
Property Type
House
Property Taxes
$339
HOA Dues
-
Year Built
1987

Listed By

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Last updated: 22 days ago (Space Coast MLS #1075281)

Price History

Date / Event Date Event Price
Oct 20, 2026 Price Decreased $269,000
↓ $15K (5.3%)
Price Decreased
Oct 6, 2026 Price Decreased $284,000
↓ $5K (1.7%)
Price Decreased
Sep 22, 2026 Price Decreased $289,000
↓ $20K (6.5%)
Price Decreased
Jul 23, 2026 Price Decreased $309,000
↓ $4K (1.1%)
Price Decreased
Apr 21, 2026 Listed by RE/MAX Gold $312,500
Listed by RE/MAX Gold
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Property Highlights

Garage
Air Conditioning
Parking Details
Has Garage
Parking Features: Garage
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Kitchen Island
Appliances: Electric Cooktop, Microwave, Refrigerator, Tankless Water Heater
Flooring Type: Laminate
Exterior Details
Square Footage: 1072
Square Footage Source: $0
Property Condition: Updated/Remodeled
Architectural Style: Traditional
Year Built: 1987
Building Area Total: 2136
Levels: One
Construction Materials: Frame
Patio and Porch Features: Patio, Screened
Lot Features: Few Trees
Lot Size Area: 0.31
Lot Size Units: Acres
Lot Size Acres: 0.31
Lot Size Square Feet: 13504
Lot Size Dimensions: 142.0 ft x 111.0 ft
Water Source: Public
Financial Details
Tax Annual Amount: $4,070
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Septic Tank

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 25
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 1
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0
  • Location Influence Type: 131

    Dimensions

  • Lot Size Square Feet: 13,504
  • Lot Size Depth Feet: 1,110
  • Lot Size Frontage Feet: 1,213
  • Total Building Area: 1,472
  • Gross Building Area: 1,472
  • Building Area: 1,072
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,072
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SEBASTIAN HIGHLANDS UNIT 8
  • Land Acres: 0000000310
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: SEBASTIAN HIGHLANDS UNIT 08 BLK 202 LOT 39 PBI 6-14

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050806

Zoning

  • Zoning: RS-10

Geography

  • Parcel: 31-38-13-00002-2020-00039.0
  • Block: 202
  • Lot: 39
  • Meridian: SEC 13 TWN 31S RNG 38E
  • Municipality: CITY OF SEBASTIAN
  • Latitude: 27.7843
  • Longitude: -80.4846

    Address

  • Full Address: 497 Melrose Ln
  • Legal Unit: 8
  • Address - House Number: 497
  • Address - Street Name: Melrose
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Sebastian
  • Carrier Code: R009
  • 4-Digit Zip Code: 4940
  • Zip Code: 32958

Valuation

    Tax

  • Total Area: 1,471
  • Tax Year: 2022
  • Tax Amount: $352,698
  • Tax Rate Code Area: 2

    Appraisal Valuation

  • Standard Deviation: 0.2269
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 68
  • Final Value: 309,163
  • High Value: 379,329
  • Low Value: 238,997

    Market Valuation

  • Market Total Value: $205,539
  • Market Land Value: $50,886
  • Market Improvement Value: $154,653

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $205,539
  • Assessed Land Value: $50,886
  • Assessed Improvements Value: $154,653

    Sales

  • Current Sale Contract Date: Sep 06, 2023
  • Current Sale Recording Date: Sep 13, 2023
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 46611
  • Previous Sale Recording Date: May 30, 2023
  • Previous Sale Contract Date: May 17, 2023
  • Previous Sale Amount: $220,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

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

About Sebastian


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1379 Scroll Street, Sebastian, FL, 32958 Listing by Erica V Ogilvie


Frequently Asked Questions

When was property at 497 Melrose Lane built and last sold?
The property at 497 Melrose Lane was built in 1987 and last sold on Sep 6, 2023 for $297,690.
How much is this home worth?
The estimated value of the home located at 497 Melrose Lane is $272,948.
What are some comparable homes to 497 Melrose Lane?
There are currently no comparable homes to 497 Melrose Lane.