2 months on rocket

506 Palm Ave, Merritt Island, FL, 32952

$384,900

Home List Price

$4,571*

Closing Credit

4 Bedrooms
2 Full Baths
1,500 SqFt
$257/SqFt
House

Location

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506 Palm Ave, Merritt Island$384,900

Buyer Closing Credits

$4,571*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached Carport, Carport, Covered
Year Built1959
HeatingCentral, Electric
CoolingCentral Air, Electric
MLS #1025957
Lot Size0.17 Acres
StatusActive

About 506 Palm Ave

WHOA! Another Price Reduction as Seller wants it sold!! Newly renovated 4/2 home in the heart of Merritt Island with a NEW Roof, Electrical Panel, Water Heater, HVAC, & more! Step inside to an open concept interior connecting the living space to your new kitchen featuring white shaker cabinets, beadboard backsplash and new Whirlpool appliances. Discover fresh paint, new lighting, and Pergo waterproof flooring. The open living area flows into the light filled dining room presenting open views into your fenced back yard that is perfect for family, friends, fur babies, a firepit or pool to entertain. There's additional storage in the updated laundry room, and both front & back porches have been perfectly maintained and rescreened, creating the ideal spot to sit and sip your morning coffee or evening cocktail. Make your appointment today to see everything this charming home has to offer.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1959
  • Stories: 1
  • Living Area: 1,500 SqFt

Listing Office:

  • Office Name: Florida East Coast Real Estate
  • Office Phone: (321) 877-4800
  • Listing Agent: Carol A. McNamee

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Electric Oven, Microwave, Refrigerator
  • Flooring Type: Laminate, Tile
  • Interior: Breakfast Bar, Ceiling Fan(s), Kitchen Island, Open Floorplan, Primary Bathroom - Shower No Tub, Split Bedrooms

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Attached Carport, Carport, Covered

Virtual/3D Tour

  • 3D Tour: 506 Palm Ave
3D Tour

Lot Features

Lot Information:

  • Lot: Few Trees, Sprinklers In Front, Sprinklers In Rear
  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: From 520, turn onto S. Courtenay Parkway, turn Left onto Kenwood Ave, Right on Falmouth Ave, the Left onto Palm Ave., house will be on the Left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $384,900
  • Price Per SqFt: $257/SqFt

Tax Information:

  • Annual Amount: $915
  • Tax Year: 2020
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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

506 Palm Ave vs Merritt Island

81 DAYS ON ROCKET

+9 Days

$384,900

-$90.1K Less

$257/SqFt

+$8 More

KEY TAKEAWAY

This property is $90.1K less than the Median Sold Price and $8/SqFt more 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: #1025957

Listing Office:

  • Office Name: Florida East Coast Real Estate
  • Office Phone: (321) 877-4800
  • Listing Agent: Carol A. McNamee

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

Tax History

YEARPROP. TAXASSESSMENT
2020$915$61,660
2019$859$60,280
2018$857$59,160
2017$857$57,950

History based on county public records data.

Payment Calculator

$1,989

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,220

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-4406668
8
/10

  • Tropical Elementary School

  • 885 S Courtenay Pkwy

  • 0.49 miles

  • Public District Grades KG-6

school-card-donut-4406669
4
/10

  • MILA Elementary School

  • 288 W Merritt Ave

  • 1.07 miles

  • Public District Grades PK-6

school-card-donut-4406670
6
/10

  • Audubon Elementary School

  • 1201 N Banana River Dr

  • 2.57 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 $69,167. Most Merritt Island, FL residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 506 Palm Ave

What is the listing price of this property?

The listing price of 506 Palm Ave property is $384,900.

What type of property is this?

The property 506 Palm Ave is a house located in Merritt Island, Florida, 32952.

Is this property for sale now?

Active Listing: 506 Palm 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 $915 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 506 Palm Ave has 4 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 506 Palm Ave is 1,500 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 506 Palm Ave is 1959.

Rocket Homes›Florida›Brevard County›Merritt Island›32952›506 Palm Ave

This home is located at 506 Palm Ave in Merritt Island, FL and zip code 32952 in the Merritt Ridge Sheet neighborhood. This 1,500 square foot home, which was built in 1959, sits on a 0.17 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 27, 2024 and is currently priced at $384,900.

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. Between October 2024 and November 2024, Merritt Island, FL real estate market has seen increase in the number of listings by 1.9%. 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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