Excellent opportunity to purchase a +/- 0.40 acre of land in the heart of Melbourne! Lot dimensions est. 132' Cypress Avenue x 132' on St. Clair Street. Zoning is City of Melbourne Integrated Commercial Edge District (C-E) which permits Outdoor Storage, Warehousing, Light Manufacturing, Light Assembly & more! Nearby utilities include City Water/Sewer and FPL Electric. Property is within walking distance to Downtown Eau Gallie Arts District (EGAD). Easily accessible via nearby Eau Gallie Boulevard which is a direct connector between Interstate 95, Wickham Road, US1 and the beaches. Surrounding employers include Tomahawk Robotics, Sorensen Moving, Intracoastal Brewing & Eau Gallie High School to name a few. Make this the future home for your business today!
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$592
Per Month
Principal & Interest
$525
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$381
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Harbor City Elementary School
1377 Sarno Rd
Distance between this listing and this school0.89 miles
Public District Grades PK-6
3
/10
Dr. W. J. Creel Elementary School
2000 Glenwood Dr
Distance between this listing and this school1.13 miles
Public District Grades PK-6
4
/10
Croton Elementary School
1449 Croton Rd
Distance between this listing and this school1.36 miles
Public District Grades PK-6
Nearby Schools
3
/10
L. B. Johnson Middle School
2155 Croton Rd
Distance between this listing and this school1.59 miles
Public District Grades 7-8
5
/10
Hoover Middle School
2000 Hawk Haven Dr
Distance between this listing and this school3.99 miles
Public District Grades 7-8
8
/10
DeLaura Middle School
300 Jackson Ave
Distance between this listing and this school4.29 miles
Public District Grades 7-8
Nearby Schools
3
/10
Eau Gallie High School
1400 Commodore Blvd
Distance between this listing and this school0.97 miles
Public District Grades 9-12
10
/10
West Shore Junior/Senior High School
250 Wildcat Aly
Distance between this listing and this school1.57 miles
Public District Grades 7-12
1
/10
South Area Alternative Learning Center
2175 N Wickham Rd
Distance between this listing and this school2.53 miles
The neighbors living near this home have an average income of $28,875. The most common annual income of people living in Melbourne, FL is less than $35k. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1438 Cypress Ave
What is the listing price of this property?
The listing price of 1438 Cypress Ave property is $105,000.
What type of property is this?
The property 1438 Cypress Ave is land located in Melbourne, Florida, 32935.
Is this property for sale now?
Active Listing: 1438 Cypress Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $1,386 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1438 Cypress Ave in Melbourne, FL and zip code 32935. This home sits on a 0.40 acre lot. It has been listed on Rocket Homes since September 09, 2024 and is currently priced at $105,000.
In October 2024 more than 12 listings in Melbourne, FL were sold above the asking price. During the same period more than 65 listings were sold at asking price, while more than 160 were sold below. In October 2024 in Melbourne, FL there were 2.1% more homes for sale than in September 2024. The median list price of listings available in October 2024 was $420,837, while the average time on the real estate market was 58 days.
From Rocket Homes Real Estate and based on county public records data.