2 months on rocket

1586 Timber Way, Melbourne, FL, 32935

$270,000

Home List Price

$3,206*

Closing Credit

3 Bedrooms
1 Full Bath, 1 Partial
1,200 SqFt
$225/SqFt
House

Location

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1586 Timber Way, Melbourne$270,000

Buyer Closing Credits

$3,206*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingCarport
Year Built1955
HeatingCentral, Electric
CoolingCentral Air, Electric, Wall/Window Unit(s)
MLS #1027222
Lot Size0.21 Acres
StatusActive

About 1586 Timber Way

Quaint Florida residence priced to SELL with 3 bedrooms, 1.5 baths, and a spacious family room. Enjoy relaxing on the large screened porch or in the private backyard surrounded by lush landscaping, trees, and tropical plants. The oversized pool offers plenty of space to swim and unwind, providing a resort-like feel in your own backyard. Located in a quiet neighborhood, the community features a playground and easy access to a nearby creek with a small kayak/canoe ramp leading to the scenic Indian River. A perfect place to call home!

Property Details

Property Features

Property Information:

  • Year Built: 1955
  • Stories: 1
  • Living Area: 1,200 SqFt

Listing Office:

  • Office Name: One Sotheby's International
  • Office Phone: (321) 984-3135
  • Listing Agent: Jennifer E Weatherholt

Interior Features

Interior Information:

  • Appliances: Dryer, Electric Range, Microwave, Refrigerator, Washer
  • Flooring Type: Tile, Wood
  • Interior: Built-in Features, Ceiling Fan(s), Primary Bathroom - Tub with Shower

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Carport

Virtual/3D Tour

  • Virtual Tour: 1586 Timber Way
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Lot Features

Lot Information:

  • Lot: Other
  • Lot Size: 0.21 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Electric, Wall/Window Unit(s)

Other

Directions Information:

  • Directions: Head North on US-1 from SR-518 turn left onto Riverside Dr to right onto Timber Way house is on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $270,000
  • Price Per SqFt: $225/SqFt

Tax Information:

  • Annual Amount: $2,571
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Melbourne, FL.

Map thumbnail provided by MapBox

Melbourne, FL

City

Med. Sold Price

$420K

Med. Price/SqFt

$236

Avg. Days On Market

65

# of Sold Homes

183

1586 Timber Way vs Melbourne

65 DAYS ON ROCKET

-0 Day

$270,000

-$150K Less

$225/SqFt

-$12 Less

KEY TAKEAWAY

This property is $150K less than the Median Sold Price and $12/SqFt less than other homes in Melbourne, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Space Coast MLS (Space Coast Association of REALTORS®)
  • MLS Number: #1027222

Listing Office:

  • Office Name: One Sotheby's International
  • Office Phone: (321) 984-3135
  • Listing Agent: Jennifer E Weatherholt

IDX Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 8:21:05 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 03, 2020Home Sold
$120,500
May 12, 2020Home Sold
$117,700
May 02, 2016Home Sold
$136,000
Apr 12, 2013Home Sold
$71,900

Tax History

YEARPROP. TAXASSESSMENT
2020$2,571$136,300
2019$1,492$116,370
2018$1,488$114,210
2017$1,488$111,870

History based on county public records data.

Payment Calculator

$1,415

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$876

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.

Nearby Schools

school-card-donut-924385
6
/10

  • Sherwood Elementary School

  • 2541 Post Rd

  • 1.10 miles

  • Public District Grades PK-6

school-card-donut-924386
3
/10

  • Dr. W. J. Creel Elementary School

  • 2000 Glenwood Dr

  • 1.81 miles

  • Public District Grades PK-6

school-card-donut-924387
9
/10

  • Longleaf Elementary School

  • 4290 N Wickham Rd

  • 1.85 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $30,238. Typical income of Melbourne, FL residents is less than $35k annually. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1586 Timber Way

What is the listing price of this property?

The listing price of 1586 Timber Way property is $270,000.

What type of property is this?

The property 1586 Timber Way is a house located in Melbourne, Florida, 32935.

Is this property for sale now?

Active Listing: 1586 Timber Way 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 $2,571 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 3, 2020 for $120,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1586 Timber Way has 3 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 1586 Timber Way is 1,200 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1586 Timber Way is 1955.

Rocket Homes›Florida›Brevard County›Melbourne›32935›1586 Timber Way

This home is located at 1586 Timber Way in Melbourne, FL and zip code 32935 in the Grandview Shores neighborhood. This 1,200 square foot home, which was built in 1955, sits on a 0.21 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 17, 2024 and is currently priced at $270,000.

In November 2024, from all listings sold in Melbourne, FL there were more than 6 sold above asking price, over 134 sold below and more than 43 were sold right at the asked price. Between October 2024 and November 2024, Melbourne, FL real estate market has seen increase in the number of listings by 2.9%. While the average time on the market in November 2024 was 65 days, the median list price was $420,005.

From Rocket Homes Real Estate and based on county public records data.

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