1347 Independence Ave
Melbourne, FL 32940
3 bd 3 ba 2,488 sqft Built 1988 Lot 9,148 sqft single_family
Most recent sale
$422,500
May 19, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 19, 2022 | Sold | $422,500 | MLS #928359 |
| Mar 2, 2022 | Listed | $410,000 | MLS #928359 |
| Mar 10, 2004 | Sold | $175,000 | Public Record |
| May 1, 1991 | Sold | $140,500 | Public Record |
| Sep 1, 1988 | Sold | $124,600 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | — | — | $249,130 | $886 |
| 2024 | — | — | $249,130 | $723 |
| 2023 | — | — | $235,060 | $701 |
| 2022 | — | — | $118,670 | $1,621 |
| 2021 | — | — | $115,220 | $1,642 |
| 2020 | — | — | $113,630 | $1,554 |
| 2019 | — | — | $111,080 | $1,491 |
| 2018 | — | — | $109,010 | $1,482 |
| 2017 | — | — | $106,770 | $1,474 |
| 2016 | — | — | $104,580 | $1,485 |
| 2015 | — | — | $103,860 | $1,518 |
| 2014 | — | — | $103,040 | $1,523 |
| 2013 | — | — | $98,440 | $1,471 |
| 2012 | — | — | $98,380 | $1,054 |
| 2011 | — | — | $102,060 | $1,120 |
| 2010 | — | — | $121,840 | $1,355 |
| 2009 | — | — | $154,580 | $1,786 |
| 2008 | — | — | $168,000 | $1,994 |
| 2007 | — | — | $169,000 | $2,179 |
Property facts
Year built
1988
Property type
single_family
Stories
1
Beds
3
Baths
3
Living area
2,488 sqft
Lot size
9,148 sqft
ZIP code
32940
City
Melbourne
Street
Independence Ave
Coordinates
28.25362, -80.71260
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$4,603
Gross rental yield
13.07%
Implied cap rate
8.50%
Trend-extrapolated value
—
Frequently asked questions
When did 1347 Independence Ave last sell?
1347 Independence Ave most recently sold on May 19, 2022 for $422,500.
What is the current tax assessment for 1347 Independence Ave?
The most recent total assessment for 1347 Independence Ave (year 2025) is $249,130 with $886 in property tax.
How does 1347 Independence Ave's assessment compare to its last sale price?
The current assessment is 41.0% below the last sale price of $422,500.
When was 1347 Independence Ave built?
1347 Independence Ave was built in 1988.
How does 1347 Independence Ave compare to others on Independence Ave?
We track 8 other properties on Independence Ave. Browse the list under "Other properties on Independence Ave" to compare beds, baths, and sale history.
What are the property facts for 1347 Independence Ave?
1347 Independence Ave is a 3 bed, 3 bath, 2,488 sqft, 9,148 sqft lot single_family.
Is 1347 Independence Ave a flip candidate?
No — 1347 Independence Ave does not appear in our flips dataset.
Is 1347 Independence Ave a tax-appeal candidate?
No — 1347 Independence Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+0.9%
Implied 1-yr
+3.6%
2026 Q3
$537.5K
2026 Q4
$542.1K
ZIP 32940 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Independence Ave