5055 South Highway A1A

5055 South Highway A1A has been categorized by the local assessors in Melbourne Beach, FL as a commercial type of property. The building on the property was first built in 1948 and is 76 years old. However, we must point out that the home was most recently renovated and altered in 1985. The home has a total of 3 bedrooms. There are 7 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 5055 South Highway A1A has 3,001 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 2,700 ft and across the front of the lot is 1,000 ft. The area measurement of the land has been determined as 22,216 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. We know that this is 3 code building. This code stands for "buildings that have exterior walls made of non-combustible material. The interior partitions and roof structure are combustible materials. For example, the building may have concrete floors or a wood frame". For the features and amenities located on the property. There is a garage for those who require parking. Residents will have the luxury of enjoying both a unknown and a unknown. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a flat style roof made of asphalt. The exterior walls of the building are made of stucco. The inside of the home is being cooled with no air conditioning at the moment. In terms of heating, it is utilizing no heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 5055 South Highway A1A sold most recently in May 28, 2002 for a total of $660,000. If you work out the math, that's approximately a cost of $185.08 per sqft. Before that, the property was also sold for $500,000 in Jul 27, 2001. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $10,230 in taxes each year. 5055 South Highway A1A was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $801,580. The property's total market value has been marked the same as the total assessed value which is pretty typical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.