tomo logo

$330,000

Beds
3
Baths
2.0
sq ft
1,506

541 Cherokee Ave, Melbourne, FL 32935

541 Cherokee Ave

Melbourne, FL 32935

  • 180 days on market
    • Price drop $15,000↓
    • Open house Oct 05
This extensively renovated residence is primed for its new owners. Featuring tile flooring throughout, complemented by Luxury Vinyl Plank in the 3 bedrooms. It has a spacious open kitchen with a designated pantry/mud room and indoor laundry area with a 1 car garage. Situated on a corner lot, it is fully enclosed by fencing and offers a generously-sized screened patio, perfect for hosting summer gatherings. Hurricanes pose no inconvenience with impact windows installed throughout the property. Located in the heart of Melbourne surrounded by A rated schools and just minutes from the beach, grocery stores and restaurants.

Details

Property type

Single Family Residence

Est. home value

$275,143

Property condition

Updated/Remodeled

Lot size

8,712 sq ft

Price per sq ft

$220

Year built

1963

Annual property taxes

$3,238.89

Price History

09/25/2024
BrevardMLS

BrevardMLS #1010285

Price change
$330,000
-4.35%
05/29/2024
BrevardMLS

BrevardMLS #1010285

Removed
$345,000
05/16/2024
BrevardMLS

BrevardMLS #1010285

Listed
$345,000

Schools & Community

Elementary school: 

Roy Allen

Middle school: 

Central

High school: 

Eau Gallie

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

-$18,009
Asking price
$330,000
Closing costs (~8% of asking)
-$26,400
Est. remaining loan balance
-$321,609
Cash to seller
-$18,009

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

June 2022

Original loan amount

$332,475

Est. remaining balance

$321,609

Interest rate

5.27%

Loan type

VA, 30 year

Seller

Jacob Payne and Irene Payne

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 10/05/2024 at 3:30 AM

Listing updated: 10/02/2024 at 4:10 PM

Listed by: Karli Rae Tucker, Blue Marlin Real Estate Phone #: (321) 877-2902

MLS: BrevardMLS #1010285

BrevardMLS logo

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