1620 Palm Ridge Road

Closed 11/7/18

Sold

Last Sold Price

$250,000

2,028 sqft

1620 Palm Ridge Rd, Melbourne, FL 32935

Multi FamilyProperty Type

0.33 acresLot Size

1960Year Built

$123/sq ftPrice per sq ft

3 carsParking Spaces

Description

Investment opportunity. An instant income producing triplex with a new roof in a very convenient area. Very high traffic area good for renters. Each unit has it's own garage and there is a large common area yard in the back. This property is part of a rental portfolio sale. Please see documents tab for whole portfolio (2 pages). Property can be bought as part or whole package.Investment opportunity. An instant income producing triplex with a new roof in a very convenient area. Very high traffic area good for renters. Each unit has it's own garage and there is a large common area yard in the back. This property is part of a rental portfolio sale. Please see documents tab for whole portfolio (2 pages). Property can be bought as part or whole package.

Listing closed: 11/07/2018 12:00 AM • Source: SCMLS, MLS#: 825505

Recent comparable sales

Median sold price

$388,000

Avg days on market

Sale-to-list ratio

87.5%

1/26

$300,000

Sold 12/27/24

Unavailable
Bedrooms: Unavailable
Bathrooms: 1,616
Square Feet: 0.11
Acres

889 Sarno Road, Melbourne, FL 32935

1/28

$350,000

Sold 03/25/25

Unavailable
Bedrooms: Unavailable
Bathrooms: 1,846
Square Feet: 0.2
Acres

1778 Guava Avenue, Melbourne, FL 32935

1/28

$390,000

Sold 10/31/24

Unavailable
Bedrooms: Unavailable
Bathrooms: 1,889
Square Feet: 0.3
Acres

1569 Croftwood Drive, Melbourne, FL 32935

1/21

$255,000

Sold 06/13/25

Unavailable
Bedrooms: Unavailable
Bathrooms: Unavailable
Square Feet: 0.21
Acres

2273 Highland Avenue, Melbourne, FL 32935

1/8

$625,000

Sold 10/16/24

Unavailable
Bedrooms: Unavailable
Bathrooms: 1,808
Square Feet: 0.2
Acres

714 Mathers Street, Melbourne, FL 32935

1/14

$388,000

Sold 01/02/26

Unavailable
Bedrooms: Unavailable
Bathrooms: 1,728
Square Feet: 0.21
Acres

1532-1536 Croftwood Drive, Melbourne, FL 32935

1/42

$1,400,000

Sold 09/09/25

Unavailable
Bedrooms: Unavailable
Bathrooms: 8,324
Square Feet: 0.4
Acres

1832-1838 Pineapple Avenue, Melbourne, FL 32935

1/30

$561,000

Sold 12/23/24

Unavailable
Bedrooms: Unavailable
Bathrooms: 1,992
Square Feet: 0.2
Acres

600 Creel Street, Melbourne, FL 32935

1/20

$226,000

Sold 07/15/26

Unavailable
Bedrooms: Unavailable
Bathrooms: 1,026
Square Feet: 0.11
Acres

842 Torrence Lane, Melbourne, FL 32935

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Location

Listing Courtesy of Keller Williams Realty Brevard, Bradley Griffin

Sold By Coldwell Banker Realty, Neko A Shepherd

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$1,529 per month

30 year fixed, 6.71% Interest

Principal and Interest

$1,292

Property Taxes

$237

HOA Dues

The Payment Calculator is for illustrative purposes only.

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Property Information for 1620 Palm Ridge Road

Property Details

Taxes: $2,848 / year
MLS Type: Residential Income
County: Brevard County
Directions: From Wickham, head East on Lake Washington, then turn Right on Stewart. Property will be on the left at the corner of Stewart and Palm Ridge

Building Information

Residences: 3
Year Built: 1960
Lot Size: 0.33 AC / 14,374 SF

Summary

Location and General Information

City: Melbourne
County: Brevard

Area: 323 - Eau Gallie
Absolute Longitude: 80.647178

Taxes and HOA Information

Tax Year: 2017

Property

Lot Information

Year Built: 1960
Picture Count: 11

Document Count: 1

Property and Assessments

Docs on File: 1
Property Type: B

MLS Approved: Y
Prop Type: B

Utilities

Utilities: City Water, Sewer Connected

Interior and Exterior Features

Exterior Features

Roof: Shingle - Asphalt

Interior Features

Cooling: Wall - Window

Agent

Sale and Listing

Cumulative DOM: 22
Days On Market: 22

Possession: Closing, Subject to Lease

Rental

Rent Information

Rent Includes: Lawn/Land Mntnce

Property History for 1620 Palm Ridge Road

Date	Event & Source	Price	Appreciation
Nov 7, 2018	Sold SCMLS #825505	$250,000	—
Nov 6, 2018	Sold (Public Record) Public Record #634910059	$250,000	+17.3% / yr
Oct 27, 2018	Pending SCMLS #825505		—
Sep 26, 2018	Listed (Active) SCMLS #825505	$250,000	—
Aug 26, 2014	Sold (Public Record) Public Record #434063622	$128,000	+1.9% / yr
Aug 26, 2014	Sold SCMLS #700781	$128,000	—
Aug 26, 2014	Sold SCMLS #700781	$128,000	—
Aug 8, 2014	Pending SCMLS #700781		—
Aug 8, 2014	Pending SCMLS #700781		—
Jun 20, 2014	Listed (Active) SCMLS #700781	$135,000	—
Jun 20, 2014	Listed (Active) SCMLS #700781	$135,000	—
Jun 22, 2001	Sold (Public Record) Public Record #74721405	$100,000	—

Date	Event & Source	Price
11/07/2018	Sold SCMLS #825505	$250,000
11/06/2018	Sold (Public Record) Public Record #634910059	$250,000 +17.3% / yr
10/27/2018	Pending SCMLS #825505	—
09/26/2018	Listed (Active) SCMLS #825505	$250,000
08/26/2014	Sold (Public Record) Public Record #434063622	$128,000 +1.9% / yr
08/26/2014	Sold SCMLS #700781	$128,000
08/26/2014	Sold SCMLS #700781	$128,000
08/08/2014	Pending SCMLS #700781	—
08/08/2014	Pending SCMLS #700781	—
06/20/2014	Listed (Active) SCMLS #700781	$135,000
06/20/2014	Listed (Active) SCMLS #700781	$135,000
06/22/2001	Sold (Public Record) Public Record #74721405	$100,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1620 Palm Ridge Road

Taxable ValueLand-Additions-Total-

Tax Record2025$6,540 ($545 / month)

Home Facts

Baths2Total Finished SqFt2,028 SqFtAbove Grade Finished SqFt2,028 SqFtStories1Lot Size14,375 SqFtStyleMulti-Family Dwelling (2-4)Year Built1960Year Renovated1995ZoningR1ACountyBREVARDAPN27-37-08-51-00000.0-0022.00

Schools near 1620 Palm Ridge Road

This home is within Brevard Public Schools.


Rating	School	Type	Grades	Distance
3/10	Dr. W.J. Creel Elementary School	Public - Serves this home	PK to 7	0.3 mi
4/10	Lyndon B. Johnson Middle School	Public - Serves this home	7 to 8	0.5 mi
4/10	Eau Gallie High School	Public - Serves this home	9 to 12	1.0 mi
1/10	South Area Alternative Learning Center	Public - Choice school	1 to 12	1.4 mi
10/10	Westshore Junior/Senior High School	Public - Choice school	7 to 12	2.9 mi
1/10	Riverside Charter High School	Charter - Choice school	7 to 12	3.9 mi
NR	Ascension Catholic School	Private - Nearby school	PK to 8	0.8 mi
NR	Ascension School	Private - Nearby school	PK to 8	0.8 mi
NR	Community Christian School	Private - Nearby school	K to 12	0.9 mi


Rating	School	Distance
3/10	Dr. W.J. Creel Elementary School PublicPK to 7 Serves this home	0.3 mi
4/10	Lyndon B. Johnson Middle School Public7 to 8 Serves this home	0.5 mi
4/10	Eau Gallie High School Public9 to 12 Serves this home	1.0 mi
1/10	South Area Alternative Learning Center Public1 to 12 Choice school	1.4 mi
10/10	Westshore Junior/Senior High School Public7 to 12 Choice school	2.9 mi
1/10	Riverside Charter High School Charter7 to 12 Choice school	3.9 mi
NR	Ascension Catholic School PrivatePK to 8 Nearby school	0.8 mi
NR	Ascension School PrivatePK to 8 Nearby school	0.8 mi
NR	Community Christian School PrivateK to 12 Nearby school	0.9 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 1620 Palm Ridge Road, Melbourne, FL 32935	$250,000	–	–	2,028	14,374
1638 Palm Ridge Road, Melbourne, FL 32935	$220,000	3	1	1,530	7,405
1633 Bruman Terrace, Melbourne, FL 32935	$155,000	2	2	1,221	5,662
1635 Bruman Terrace, Melbourne, FL 32935	$70,000	2	2	1,081	5,662
2226 Stewart Road, Melbourne, FL 32935	$380,000	–	2.5	3,899	13,504
1648 Palm Ridge Road, Melbourne, FL 32935	–	3	2	1,218	7,405
1576 Clover Circle, Melbourne, FL 32935	–	3	2	1,695	7,405
1572 Clover Circle, Melbourne, FL 32935	–	3	2	1,518	5,663
1639 Palm Ridge Road, Melbourne, FL 32935	$380,000	3	2	1,487	7,405
1637 Bruman Terrace, Melbourne, FL 32935	$221,000	2	2	1,081	5,662
1568 Clover Circle, Melbourne, FL 32935	$177,000	3	3	1,745	5,662
1643 Bruman Terrace, Melbourne, FL 32935	$251,000	2	2	1,081	5,662
1600 Clover Circle, Melbourne, FL 32935	–	3	2	1,309	7,405
1658 Palm Ridge Road, Melbourne, FL 32935	$343,000	3	2	1,226	7,405
1564 Clover Circle, Melbourne, FL 32935	$330,000	3	2	1,342	5,662
1560 Clover Circle, Melbourne, FL 32935	$300,000	2	2	1,159	5,227

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Brevard, Bradley Griffin

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 10/27/2020 04:27 PM

Melbourne, FL

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