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Sold on 05/06/2022
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1531 Independence Ave, Melbourne, FL 32940

$297,000

Last sold 05/06/2022 for $321K

  • 3

    bed

  • 2

    bath

  • 1,642

    Sqft ($195/Sqft)

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About 1531 Independence Ave

Property type House
Neighborhood
Year built 1992
HOA fee $0/month
Lot size 9,583 Sqft
Movoto estimate
Rental estimate
Property description
This 3-bedroom, 2-bathroom single-family home is located at 1531 Independence Ave, Melbourne, FL, 32940 in Brevard County and was built in 1992. This home offers 1,642 square feet of living space on a 9,583 sq ft lot. The estimated market value is $297,000, approximately $181 per square foot.
$297K
Range: $270K-$323K
Last 30 days 
Rental est.: $2,293/month
Gross rent multiplier: 11.7
  • — Off Market
    —
  • Sep 2025
  • Sep 23, 2025 Listed
    $289,000 (-3.3%)
  • Jun 20, 2025 Price Change
    $299,000 (-6.3%)
  • May 9, 2025 Price Change
    $319,000 (-3.0%)
  • Mar 26, 2025 Price Change
    $329,000 (-1.8%)
  • Sep 16, 2024 Listed
    $335,000 (+4.4%)
  • May 2022
    Public Records
  • May 6, 2022 Sold
    $321,000
  • May 2022
  • May 5, 2022 Sold
    $321,000 (+11.1%)
  • Apr 21, 2022 Contingent
    —
  • Apr 17, 2022 Listed
    $289,000 (+95.9%)
  • Oct 2018
    Public Records
  • Oct 1, 2018 Sold
    $147,500
  • Sep 2018
  • Sep 28, 2018 Sold
    $147,500 (-5.1%)
  • Aug 31, 2018 Contingent
    —
  • Jan 5, 2018 Listed
    $155,500 (+0.3%)
  • Jan 4, 2018 Listed
    —
  • Jan 2017
  • Jan 24, 2017 Listed
    $155,000 (+127.9%)
  • Aug 2011
    Public Records
  • Aug 16, 2011 Sold
    $68,000 (-43.3%)
  • Mar 2004
    Public Records
  • Mar 16, 2004 Sold
    $120,000
  • Year Property taxes Tax assessment
  • 2024
    $2,087 +2.5%
    $137,520 -39.07%
  • 2023
    $2,036 -44.9%
    $225,690
  • 2022
    $3,699 +63.7%
    $225,690 +80.96%
  • 2021
    $2,259 +0.3%
    $124,720 +1.4%
  • 2020
    $2,251 +1.6%
    $123,000 +0.71%
  • 2019
    $2,216 -9.6%
    $122,130 +24.62%
  • 2018
    $2,451 +0.5%
    $98,000 -1.71%
  • 2017
    $2,439 -0.3%
    $99,700 -1.8%
  • 2016
    $2,445 +7.4%
    $101,530
  • 2015
    $2,276
    —
  • 1531 Independence Ave
    $321K
  • Indian River Colony Club
    —
  • 32940
    $535K +4% y/y
  • Melbourne
    $411K -4% y/y
No chart available
Statistics calculated by Movoto
Est. value Bed/bath Sqft mi
1525 Independence Ave, Melbourne, FL 32940 $278,000 3/2 1,521 0.01
1537 Independence Ave, Melbourne, FL 32940 $303,000 3/2 1,792 0.01
1545 Independence Ave, Melbourne, FL 32940 $277,000 3/2 1,837 0.03
1593 Heritage Ct, Melbourne, FL 32940 $345,000 3/2 2,039 0.03
1532 Independence Ave, Melbourne, FL 32940 $400,000 5/3 2,613 0.03
1538 Independence Ave, Melbourne, FL 32940 $345,000 3/2 2,276 0.03
1551 Independence Ave, Melbourne, FL 32940 $289,000 3/2 1,816 0.04
1597 Freedom Dr, Melbourne, FL 32940 $324,000 3/2 2,091 0.04

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.

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7/10
Viera High School
public Grades PK, 9-12
Brevard Public Schools
9/10
Quest Elementary School
public Grades PK, K-6
Brevard Public Schools
5/10
John F. Kennedy Middle School
public Grades 7-8
Brevard Public Schools
Source: GreatSchools.org © 2026. All rights reserved.

Around Indian River Colony Club

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