9 months on rocket

347 W Merritt Ave, Merritt Island, FL, 32953

$450,000

Home List Price

$5,344*

Closing Credit

0 Baths
2,243 SqFt
$201/SqFt
Multi

Location

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347 W Merritt Ave, Merritt Island$450,000

Buyer Closing Credits

$5,344*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingAdditional Parking, Carport, Guest
Year Built1957
HeatingCentral, Varies By Unit
CoolingCentral Air, Electric, Varies By Unit, Wall/Window Unit(s)
ViewTrees/Woods
MLS #1006381
Lot Size0.38 Acres
StatusActive

About 347 W Merritt Ave

Exciting Investment Opportunity! Formerly a triplex, this property has been converted into a duplex but can effortlessly revert to its original triplex configuration. In its triplex layout, it offers a variety of units: a spacious 2-bedroom, 1-bath unit, a cozy 1-bedroom, 1-bath unit, and a large 1-bedroom, 1-bath unit. Conveniently located less than two miles from all schools and just blocks away from Mila Elementary, it also boasts proximity to shopping and restaurants. Don't overlook this exceptional chance for income generation!

Property Details

Property Features

Property Information:

  • Year Built: 1957
  • Stories: 1
  • Living Area: 2,243 SqFt

Listing Office:

  • Office Name: Daignault Realty Inc
  • Office Phone: (321) 453-2151
  • Listing Agent: Leon McDaniel

Interior Features

Interior Information:

  • Appliances: Gas Oven, Gas Range, Refrigerator
  • Flooring Type: Carpet, Tile, Vinyl

Exterior Features

Exterior Information:

  • View: Trees/Woods

Parking Information:

  • Attached Garage: No
  • Parking: Additional Parking, Carport, Guest

Virtual/3D Tour

  • Virtual Tour: 347 W Merritt Ave
Virtual Tour

Lot Features

Lot Information:

  • Lot: Many Trees
  • Lot Size: 0.38 Acres

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: Take Courtenay Parkway to Merritt Avenue, go West on Merritt Avenue to 345 & 347 W Merritt.

Price Information

Listing Price Info

Price Summary:

  • List Price: $450,000
  • Price Per SqFt: $201/SqFt
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Housing Market Comparison

See how this home compares to others in Merritt Island, FL.

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Merritt Island, FL

City

Med. Sold Price

$475K

Med. Price/SqFt

$249

Avg. Days On Market

72

# of Sold Homes

35

347 W Merritt Ave vs Merritt Island

292 DAYS ON ROCKET

+220 Days

$450,000

-$25K Less

$201/SqFt

-$48 Less

KEY TAKEAWAY

This property is $25K less than the Median Sold Price and $48/SqFt less than other homes in Merritt Island, 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: #1006381

Listing Office:

  • Office Name: Daignault Realty Inc
  • Office Phone: (321) 453-2151
  • Listing Agent: Leon McDaniel

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: 12/17/2024, 11:51:06 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$2,313

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,416

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-4334204
4
/10

  • MILA Elementary School

  • 288 W Merritt Ave

  • 0.14 miles

  • Public District Grades PK-6

school-card-donut-4334205
8
/10

  • Tropical Elementary School

  • 885 S Courtenay Pkwy

  • 1.48 miles

  • Public District Grades KG-6

school-card-donut-4334206
8
/10

  • Lewis Carroll Elementary School

  • 1 Skyline Blvd

  • 2.31 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $41,959. The majority of Merritt Island, FL residents have income less than $35k annually. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Brevard County›Merritt Island›32953›347 W Merritt Ave

This home is located at 347 W Merritt Ave in Merritt Island, FL and zip code 32953 in the Merritt Park Place neighborhood. This 2,243 square foot home, which was built in 1957, sits on a 0.38 acre lot. It has been listed on Rocket Homes since February 29, 2024 and is currently priced at $450,000.

In November 2024, from all listings sold in Merritt Island, FL there were more than 0 sold above asking price, over 28 sold below and more than 7 were sold right at the asked price. The number of listings in Merritt Island, FL increased by 1.9% between October 2024 and November 2024. In November 2024, listings were on the market for 72 days. During the same period, the median list price in this real estate market was $475,000.

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

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