new - 1 day on rocket

1948 Wallace Ave, Melbourne, FL, 32935

$350,000

Home List Price

$4,156*

Closing Credit

4 Bedrooms
2 Full Baths
1,276 SqFt
$274/SqFt
House

Location

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1948 Wallace Ave, Melbourne$350,000

Buyer Closing Credits

$4,156*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAdditional Parking, Garage, Off Street, On Street
Garage1 space
Year Built1962
HeatingCentral, Electric
CoolingCentral Air, Electric
ViewPool
MLS #1032421
Lot Size0.18 Acres
StatusActive

About 1948 Wallace Ave

Welcome to your ideal Florida retreat! This charming single-family pool home offers 4 comfortable bedrooms, 2 well-maintained bathrooms, and a convenient laundry room, all designed for easy living. A brand-new roof will be installed on January 15th, ensuring peace of mind for years to come. Step outside to your private screened-in pool and patio—perfect for enjoying the sunshine or hosting gatherings. The fully fenced yard includes a powered shed, ideal for storage or hobbies, and a one-car garage for added convenience. Situated in a prime location just minutes from the beaches, shopping, and major highways, this home blends comfort, practicality, and the coastal lifestyle you've been dreaming of. Don't miss this incredible opportunity!

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1962
  • Stories: 1
  • Living Area: 1,276 SqFt

Listing Office:

  • Office Name: Florida Homes Rlty. & Mtg. LLC
  • Office Phone: (904) 996-9115
  • Listing Agent: Guy Newman

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
  • Flooring Type: Carpet, Terrazzo, Tile
  • Interior: Ceiling Fan(s), Primary Bathroom - Shower No Tub, Primary Downstairs, Walk-In Closet(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • View: Pool
  • Exterior: Storm Windows

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Additional Parking, Garage, Off Street, On Street

Lot Features

Lot Information:

  • Lot: Few Trees
  • Lot Size: 0.18 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Electric

Other

Directions Information:

  • Directions: From US-1 head west onto Sarno, turn left onto Tomkins, turn right onto Wallace. The house will be on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $350,000
  • Price Per SqFt: $274/SqFt

Tax Information:

  • Annual Amount: $649
  • Tax Year: 2020
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Housing Market Comparison

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

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Melbourne, FL

City

Med. Sold Price

$420K

Med. Price/SqFt

$236

Avg. Days On Market

65

# of Sold Homes

183

1948 Wallace Ave vs Melbourne

1 DAY ON ROCKET

-64 Days

$350,000

-$70K Less

$274/SqFt

+$37 More

KEY TAKEAWAY

This property is $70K less than the Median Sold Price and $37/SqFt more 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: #1032421

Listing Office:

  • Office Name: Florida Homes Rlty. & Mtg. LLC
  • Office Phone: (904) 996-9115
  • Listing Agent: Guy Newman

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: 12/21/2024, 8:21:07 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$649$67,500
2019$664$65,990
2018$673$64,760
2017$673$63,430

History based on county public records data.

Payment Calculator

$1,814

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,116

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-779874
6
/10

  • Harbor City Elementary School

  • 1377 Sarno Rd

  • 0.68 miles

  • Public District Grades PK-6

school-card-donut-779875
5
/10

  • Roy Allen Elementary School

  • 2601 Fountainhead Blvd

  • 0.70 miles

  • Public District Grades KG-6

school-card-donut-779876
4
/10

  • Croton Elementary School

  • 1449 Croton Rd

  • 0.77 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 $44,052. The most common annual income of people living in Melbourne, FL is between $35k-100k. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1948 Wallace Ave

What is the listing price of this property?

The listing price of 1948 Wallace Ave property is $350,000.

What type of property is this?

The property 1948 Wallace Ave is a house located in Melbourne, Florida, 32935.

Is this property for sale now?

Active Listing: 1948 Wallace 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 $649 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1948 Wallace Ave has 4 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1948 Wallace Ave is 1,276 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1948 Wallace Ave is 1962.

Rocket Homes›Florida›Brevard County›Melbourne›32935›1948 Wallace Ave

This home is located at 1948 Wallace Ave in Melbourne, FL and zip code 32935 in the Bowe Gardens neighborhood. This 1,276 square foot home, which was built in 1962, sits on a 0.18 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 20, 2024 and is currently priced at $350,000.

In November 2024 more than 6 listings in Melbourne, FL were sold above the asking price. During the same period more than 43 listings were sold at asking price, while more than 134 were sold below. The inventory of homes for sale in Melbourne, FL between October 2024 and November 2024 increased by 2.9%. In November 2024, listings were on the market for 65 days. During the same period, the median list price in this real estate market was $420,005.

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

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