1480 Dorchester Ave, West Melbourne - $99,000

1480 Dorchester Ave is a 1,336 sq ft Single Family in West Melbourne. It was built in 1979. 1480 Dorchester Ave sits on 0.23 acres of land. In 2014 similar properties sold for between $13,844 and $87,900. We estimate the income value of 1480 Dorchester Ave at $36,678. The assumptions we used to calculate this value are include in the spreadsheet linked below. West Melbourne is in Brevard County, Florida.

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1480 Dorchester Ave Property Summary

1480 Dorchester Ave
West Melbourne
FL 32904

Property Size:1,336 sq ft
Year Built:1979
Property Class:C2
Lat, Long: 28.075, -80.646

For Sale - 1480 Dorchester Ave, $99,000

MLS Listing for 1480 Dorchester Ave, West Melbourne, FL 32904

3 bedroom 2.00 bath 1,336 Sq Ft

Cute 3 bedroom home on quiet street.Tenant occupied.

Full Bathrooms2.00
Half Bathrooms0
Finance OptionsCash,Conventional
MLS Number679635
Last Updated03/29/2015 01:30am

Contact Sue for additional details
  • Email:
  • Phone: (321) 453 7389
  • Property ID: 342386

Please quote reference number: 342386 when you call or email

Listing provided by Underill Realty, LLC.. Copyright 2015 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved.

Estimated Value: 1480 Dorchester Ave

Market Data

In 2014 class A single family properties in West Melbourne sold for $109.26 to 244.98 per sq ft with a median price per sq ft of $125.15. Class B properties sold for $66.17 to 109.25 per sq ft with a median of $90.76 and class C properties sold for $10.42 to 66.16 per sq ft with a median of $54.56.

Market Valuation

1480 Dorchester Ave appears to be a C Class property. Suggested value: $72,489

Value87,900 72,489 13,844

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $36,678. Details of how we produced this estimate value appear below:

The income value of a property identifies its value as a rental property, Value = Rent - Expenses / Cap Rate. The following table shows four different rent estimates for 1480 Dorchester Ave:

  • The Household Income estimate assumes the tenant has a total household income of $37,019 and spends 32% of this on rent. The household income estimate is derived from census data and tax records.
  • The Household Income - Renters estimate performs a similar calculation based on the household income of renters rather than all households.
  • The Market Rents estimate evaluates this property in comparison to rental properties in the area.
  • The Price/Ft estimate uses the size of the property to estimate its rent.

Click on a rent value to download a spreadsheet that estimates the NOI (net operating income), cash on cash return, income value and IRR (internal rate of return) for this property.

Valuation ModelMonthly Rent
Household Income - All Households $987
Household Income - Renters $834
Market Rents $669
Price/Ft $849

Expense Estimates:

  • Census data records show 9% of the rental properties in this area are vacant. We've added a 5% bad dept allowance to this.
  • Maintenance costs are estimated based on the size of the property.
  • The property tax estimate uses the average millage rate for the county. It does not include adjustments for city or unincorporated areas. Actual taxes may vary.
  • Insurance estimates are based on the size and location of the property. They are not adjusted for age, flood zone or other risk factors
  • We don't have a way to estimate HOA fees. These should be added manually

The following table shows a income valuation estimate for 1480 Dorchester Ave. Download a spreadsheet or click on the Estimate Cashflow link to change its estimates and assumptions. Alternatively, click on the Save button to upload a copy of the spreadsheet to Google Drive.

Monthly Rent669
Annual Rent per Sq Ft6.00
Gross Annual Rent8,022
Vacancies and Bad Debt14%
Vacancies and Bad Debt Amount1,123
HOA, Utilities and CAM0
Property Taxes1,098
Management Fees802
Cap Rate9
Estimated Value36,678
Edit Values and Estimate Cashflow Estimate Cashflow
Save to Google Drive (Google login required)

Page 1 of 2. Click on the Estimate Cashflow link to navigate to Page 2.

Search County Property Tax and Court Records

Select a county from the list then click on the links to connect to the Property Appraiser or Clerk of Courts website

Local Household Income

The median household income in this part of Florida is $67,725. The bottom 10% of the population earn less than $23,538 per year. The top 10% earn more than $153,533 per year. The top 1% earn more than $455,912 per year. Most renters earn between $29,328 (20th percentile) and $51,456 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $135,450 and $169,313.

The tax assessed value of this property places it in percentile 22 of all properties in this area. This suggests it would appeal to someone earning around $37,019 per year who should qualify for a mortgage between $74,038 and $92,548.

Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $863. Most renters earn between $2,444 and $4,288 per month. They typically spend 32% of their monthly income on rent. Most rents fall in the $624 (20th percentile) to $1,184 (80th percentile) range. The residential vacancy rate is 9%.

This property falls in percentile 22 of all properties in this area. This corresponds to a rent of $647 per month and a monthly household income of $2,494 ($29,928 per year)


  1. 1480 Dorchester Ave, West Melbourne, FL on Zillow
  2. Recent Sales near 1480 Dorchester Ave, West Melbourne, FL on Realtor.com
  3. 1480 Dorchester Ave, West Melbourne, FL on Google Maps
  4. 1480 Dorchester Ave Walkscore
  5. West Melbourne, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites


BuildingYear BuiltSizeUsageFeatures
Building 1 1979 1,336.00 Single Family Residence Plywd/T111 Exterior, Wood Frame, Asph/Asb Shngl Roof, Hip/Gable Roof, Garage,

Owner Details

Companies near this Address

  1. Flog, Inc. (413 Murano Dr)
  2. Esteem Medical Aesthetics, LLC (5023 72nd St E)
  3. Naber Plumbing, Inc. (175 Sunset Dr)
  4. Southland Of Brevard, Inc. (2840 Sunset Dr)
  5. Modern Concrete Design, Inc. (253 Adamo Way)

Sales History

DateSold BySold ToDeed TypePrice
04/24/1973 Seller: 672847 Buyer: 676316 Warranty Deed/Special Warranty Deed 0.00
10/01/1981 Seller: 435697 Buyer: 676314 Warranty Deed/Special Warranty Deed 50,000.00
08/29/1988 Seller: 676314 Buyer: 200792 Warranty Deed/Special Warranty Deed 50,000.00
Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

The Visulate site was produced from data and information compiled from recorded documents and/or outside public and private sources. Visulate is not the custodian of public records and does not assume responsibility for errors or omissions in the data it displays or for its misuse by any individual.

In the event of either error or omission, Visulate and any 3rd party data provider shall be held harmless from any damages arising from the use of records displayed on the site.

MLS Data

Visulate participates in My Flordia Regional, South East Florida MLS and the Brevard County Broker Reciprocity programs, allowing us to display other broker's listings on our site. Listing data supplied by other brokers is deemed reliable but not guaranteed. It is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties to buy, lease or rent.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Programs of My Flordia Regional, South East Florida MLS and Brevard County, Florida. Real estate listings held by brokerage firms other than Visulate 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.